Americans thinking about moving to Ecuador will be pleasantly surprised to learn that the costs of living in Ecuador are much lower than living in the US.
Online housing data reports show that people living in the cheapest cities in Ecuador can pay up to 90% less for renting an apartment or buying a home compared to their counterparts living in major US cities like NYC.
A family of four can live comfortably in many cities in Ecuador for around $2,000,00 per month or less.
Renters and homeowners reduce these costs by choosing lower-cost rentals and purchases over luxury homes and apartments.