Cost of living comparison
Ecuador is 22.7% cheaper than South Korea.
If you lived in Ecuador instead of South Korea, you would:
pay 18.9% less for restaurants
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.16
₩8,598
|
$3.39
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.24
₩7,313
|
$6.83
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.47
₩2,055
|
$0.90
|
|
| Bottle of water (11 fl. oz) |
$0.79
₩1,105
|
$0.62
|
|
pay 54.5% less for groceries
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.08
₩4,295
|
$1.64
|
|
| Local cheese (8 oz) |
$5.40
₩7,544
|
$3.00
|
|
| Milk (1 gallon) |
$7.46
₩10,411
|
$4.18
|
|
|
Eggs
1 dozen
|
$2.76
₩3,849
|
$2.19
|
|
| Boneless chicken breast (1 lb) |
$3.32
₩4,635
|
$2.60
|
|
| Apples (1 lb) |
$3.17
₩4,422
|
$0.87
|
|
| Bananas (1 lb) |
$1.49
₩2,078
|
$0.53
|
|
| Oranges (1 lb) |
$2.53
₩3,534
|
$0.59
|
|
| Tomatoes (1 lb) |
$2.41
₩3,370
|
$0.54
|
|
| Potatoes (1 lb) |
$1.82
₩2,547
|
$0.53
|
|
| Onions (1 lb) |
$1.21
₩1,689
|
$0.49
|
|
pay 12.9% less for transportation
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.39
₩6,132
|
$2.46
|
|
| Monthly public transit pass |
$45.32
₩63,258
|
$24.42
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,023.07
₩37,722,173
|
$23,111.11
|
|
| Taxi trip in downtown area (5 miles) |
$8.17
₩11,407
|
$12.51
|
|
pay 6.8% less for housing
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$17.65
₩24,644
|
$30.71
|
|
| 1-Bedroom apartment in downtown area |
$426.93
₩595,965
|
$344.59
|
|
| 1-Bedroom apartment outside city center |
$328.41
₩458,440
|
$278.18
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$111.42
₩155,538
|
$37.19
|
|
pay 59.0% less for childcare
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$373.40
₩521,239
|
$227.49
|
|
| Middle school for 1 child, two semesters |
$22,907.58
₩31,977,257
|
$4,800.83
|
|
pay 7.8% less for entertainment and sports
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.09
₩4,319
|
$2.17
|
|
| Cappuccino in mid-range area |
$3.39
₩4,731
|
$2.37
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.21
₩4,486
|
$5.97
|
|
| Monthly membership at local gym |
$45.71
₩63,810
|
$32.03
|
|
| Movie ticket to theater/cinema |
$10.10
₩14,097
|
$6.55
|
|
pay 0.9% more for clothing
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$60.70
₩84,739
|
$53.26
|
|
|
Regular dress
from H&M or similar store
|
$44.52
₩62,150
|
$46.74
|
|
|
Running shoes
Nike or Adidas
|
$72.99
₩101,892
|
$93.54
|
|
| Men's business shoes (leather) |
$93.73
₩130,840
|
$77.58
|
|
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