Cost of living comparison
Ecuador is 23.7% cheaper than South Korea.
If you lived in Ecuador instead of South Korea, you would:
pay 22.0% less for restaurants
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.13
₩8,006
|
$3.16
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.18
₩6,765
|
$6.40
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.41
₩1,837
|
$0.75
|
|
| Bottle of water (11 fl. oz) |
$0.67
₩881
|
$0.56
|
|
pay 58.6% less for groceries
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.74
₩3,583
|
$1.73
|
|
| Local cheese (8 oz) |
$8.12
₩10,605
|
$2.35
|
|
| Milk (1 gallon) |
$7.20
₩9,405
|
$3.87
|
|
|
Eggs
1 dozen
|
$2.73
₩3,568
|
$1.84
|
|
| Boneless chicken breast (1 lb) |
$3.58
₩4,682
|
$2.37
|
|
| Apples (1 lb) |
$2.90
₩3,783
|
$0.80
|
|
| Bananas (1 lb) |
$1.51
₩1,972
|
$0.50
|
|
| Oranges (1 lb) |
$2.66
₩3,476
|
$0.57
|
|
| Tomatoes (1 lb) |
$2.29
₩2,995
|
$0.47
|
|
| Potatoes (1 lb) |
$1.40
₩1,824
|
$0.44
|
|
| Onions (1 lb) |
$1.08
₩1,416
|
$0.46
|
|
pay 19.5% less for transportation
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.92
₩6,432
|
$2.51
|
|
| Monthly public transit pass |
$43.73
₩57,116
|
$17.22
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,660.56
₩37,434,986
|
$24,150.00
|
|
| Taxi trip in downtown area (5 miles) |
$9.34
₩12,194
|
$13.73
|
|
pay 5.7% less for housing
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$21.09
₩27,546
|
$36.92
|
|
| 1-Bedroom apartment in downtown area |
$392.42
₩512,562
|
$339.15
|
|
| 1-Bedroom apartment outside city center |
$302.43
₩395,018
|
$251.11
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$111.18
₩145,213
|
$36.53
|
|
pay 52.4% less for childcare
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$342.96
₩447,951
|
$214.58
|
|
| Middle school for 1 child, two semesters |
$18,987.50
₩24,800,524
|
$6,198.40
|
|
pay 11.2% less for entertainment and sports
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.92
₩3,812
|
$1.93
|
|
| Cappuccino in mid-range area |
$3.29
₩4,296
|
$2.32
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.45
₩4,506
|
$5.40
|
|
| Monthly membership at local gym |
$44.03
₩57,505
|
$35.90
|
|
| Movie ticket to theater/cinema |
$8.93
₩11,658
|
$6.18
|
|
pay 3.2% more for clothing
|
South Korea
|
Ecuador
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$48.44
₩63,273
|
$54.02
|
|
|
Regular dress
from H&M or similar store
|
$44.60
₩58,253
|
$42.30
|
|
|
Running shoes
Nike or Adidas
|
$75.46
₩98,558
|
$91.53
|
|
| Men's business shoes (leather) |
$91.03
₩118,904
|
$77.33
|
|
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