Ecuador: The Hidden Paradise Where A Couple Can Live Comfortably On $2,000 a Month or Less
Sell your winter clothes...and get ready for the adventure of a lifetime in the Land of Eternal Spring. Every cliché you've heard about living large on little...on even a retiree's budget...is true in Ecuador.
Ecuador lies in the Northwestern corner of South America, bordered by Colombia to the north, Peru to the south and east, and the Pacific Ocean to the west. At just 175,807 square miles (about the size of Nevada) Ecuador’s small size belies its incredible diversity.
The Andes Mountains form Ecuador’s backbone, and from the top of Mount Chimborazo at 20,600 feet (6,310 meters), the mountains descend on the east to dense tropical rainforests and on the west to balmy Pacific beaches. In between, you’ll find more climates, cultures, and natural wonders than almost any place on earth.
Envision your dream location—an unspoiled beach, a bustling city, university town, quiet mountain village—Ecuador has them all. Choose the place that’s right for you and start enjoying a better quality of life now.
The World’s Best Retirement Haven
In fact, Ecuador has been ranked as the best retirement destination in the world six times in the last seven years due to its exceptional quality of life and affordable cost of living in International Living’s Annual Global Retirement Index.
Fresh fruits and vegetables—clean air and water—year-round temperate climate—no wonder so many expats living in Ecuador say they feel better than they have in years.
Medical care in metropolitan areas is top-notch with costs a fraction of what you would pay in North America. And now all residents of Ecuador are eligible to join the country’s Social Security healthcare system with premiums of less than $80 a month for a couple.
Ecuador offers special benefits to residents aged 65 and older. Public transportation is half price, airfare (even internationally) is significantly discounted, and seniors receive a monthly refund of sales tax paid. Plus you get to go to the front of the line at the bank and grocery store!
Whether you want to live, invest, vacation, retire, or simply relax in Ecuador, you’ll find the perfect combination of climate, culture, and affordability to make your dreams come true.
Book your flights and come take a look at all that Ecuador has to offer. The retirement life you’ve dreamed of is here waiting for you.
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- Population: 15,439,429
- Capital City: Quito
- Climate: Tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands
- Time Zone: GMT-5
- Language: Spanish (official), Amerindian languages (especially Quechua)
- Country Code: 593
- Coastline: 2,237 km
Swimming with endangered green sea turtles in Akumal, strolling the cobblestone shopping district in Playa del Carmen, exploring cenotes or ancient Maya ruins or just lazing in a hammock…this is my life today. But it’s a far cry from where my husband Don and I were back in 2008. In the wake of the financial collapse and the deep recession that followed, our comfortable existence was completely upended. At an age when we expected we could begin to slow down, we found ourselves starting over in a very inhospitable economy. Add to that Don’s second heart attack and the loss of his health insurance when his job disappeared, and you have a recipe for real desperation.
One of the many great things about living in Ecuador is that flights to the U.S. are frequent and easy. You can fly nonstop from Quito to Miami in four hours and from Guayaquil to New York in less than seven hours. I’ve just returned to Cuenca after spending some time visiting family back in the U.S. Being in the States got me thinking about how much I spend on everyday items like food here in Ecuador.
Morning is my favorite time of day here in Cotacachi. The local stores are just beginning to open, street vendors are pushing their carts into position, and the bells of Iglesia Matriz are softly chiming. Nothing but blue sky means perfect views of the two dormant volcanoes that stand guard on either side of this small town and her valley. I’m walking the mile from my home into the center with my son. Our route brings us into town from the east and our first stop is Parque San Francisco, the smaller of two plazas. Park benches sit under sturdy palms surrounded by shrubbery and flowers.
I ’m now enjoying the glorious summer on Spain’s Mediterranean coast. Every morning, I start the day with a cup of coffee on the terrace overlooking Málaga Bay. I have a car to explore the area. Everything I need is close by: the grocery stores, vegetable market, shopping, and, of course, the world-class beaches of the Costa del Sol. And the best part about this? I don’t pay a cent for any of it.
When my husband Mark said, “Let’s go to the Galápagos for your birthday,” I couldn’t help but laugh. The Galápagos Islands, after all, are one of the ecological treasures of the world—and have a price tag to match. Or so I thought. But when we used my 58th birthday as an excuse for a ﬁve-day, four-night trip there I found out otherwise. The bill? $1,037 for the two of us, including airfare.
One afternoon, as I awoke from a short nap and looked upon the brilliant, blue-green waters of the Caribbean Sea only steps away from my front door, I had a powerful thought. Nothing of what is now my amazing, wonderful life would be possible if I had surrendered to the fears I had only a few years ago. When my wife Diane and I ﬁrst embarked on our expat adventure, we had second thoughts, unanswered questions, and even an appropriate amount of fear.
I lost my job due to the recession. I worked for a bank, and when they decided to “right size” the organization, my job was eliminated. Fortunately my husband, Ron, and I had been researching ways to work from home so we could one day realize our dream of traveling the world. I had familiarized myself with my freelance options and we had already taken an exploratory trip to Ecuador.
Neither Yvonne nor Michael Bauche qualiﬁed for a pension in Canada. And so the adventurous duo decided to embark on a round-the-world trip that has seen them visit Belize, Guatemala, Honduras, Portugal, Italy, France, and the Caribbean. “We cut our expenses in half,” says Yvonne of their new life on the road. “Running two cars, paying for electricity, gas, phone, cell phone, internet, food, and eating out used to cost us almost $4,000 a month. Our average expenditure is now about $2,000, and we live and play very well on that.”
Right now, my wife, Susan, and I are packing up our home and heading off on our travels—first on a road trip in the U.S. and then to Ecuador. We’re going to fly to Guayaquil and then catch a bus down to Loja, a university town known for music and colonial architecture. This will be our base from which to explore the south of this beautiful country.
Ever since the internet caught on, people have been figuring out how to use a laptop to connect with money-making opportunities all over the world. As a result, there’s now between 3.3 million and 8 million completely untethered workers roaming the globe. I’m thrilled to be one of them.
Each time I visit Quito, I get to explore new and interesting areas, hear of fabulous events taking place, and meet more wonderful people. Among Quito’s 2-million-plus populace is a large community of international folks enjoying the affordable life and big-city buzz. You’ll find them pretty spread out, as there are neighborhoods and lifestyles to suit most tastes. But they’re all making the most of what Quito offers…which is a lot. Here’s some of my favorite things to do…
“My husband and I were happily living in Arizona in a retirement community when, in 2008, everything changed,” says Patty Grimm. The financial crisis dealt the couple a heavy blow, and they no longer felt they could live the same quality of life on their retirement income. “We knew that if we wanted to keep our nest egg, we’d have to look outside of the U.S. to live.” Six years later, the Grimms are in the high Andes and enjoying an affordable and high-quality retirement in one of the world’s foremost retirement destinations—Cuenca, Ecuador.
You can travel in style and stay in amazing places (like Tuscany, pictured) when you have the secrets of the roving retirees. © Kre_geg-Istock Traveling the world in retirement was once the sole purview of the rich and famous…but no more. These days, the world is more accessible than ever to everyday people—if you know […]
They say the best way to make a living—if you can—is to monetize your hobby. Sometimes that can be easier said than done. But if you can do it, it can lead to a far more enjoyable and fulfilling vocation. This has been the case for me in the Ecuadorian mountain city of Cuenca. Its beautiful colonial architecture and friendly, colorful locals have enabled me to supplement my retirement income through photography.
Back in 2001, my wife and I decided to leave the cold climate of Nebraska behind and embark on an epic adventure to find our perfect retirement destination. We traveled to several different countries in search of our dream home, creating incredible memories in the process and opening our eyes to the immense possibilities that living abroad has to offer. On our travels, we enjoyed new food, new locations, made new friends, and lived the kind of happy, healthy retirement few could dream of just a few short decades ago.
Ecuador is a land of rainforests, breathtaking river gorges, and volcanic hot springs, where you can be pampered by affordable spa treatments or simply enjoy the beautiful landscapes. My life has changed over the last 10 years since I discovered how to fund my travels and spend more time there. I feel so fortunate to have had the experiences I’ve logged on my trips.
At home, prices are rising. It costs more to put gas in the car, buy groceries, and pay for health insurance. At the same time, retirement savings eroded in the market downturn. If you’re looking overseas for a low-cost alternative to an uncertain retirement at home, there’s good news. You can ﬁnd it in places that offer not just “cheap” living, but a whole basketful of beneﬁts, too—places where a mild spring-like climate is yours all year round…beaches are of powder-white sand…snow-capped mountains soar above colonial towns…and your costs could be as low as $1,000 a month.
Small town USA has been a coveted notion since the days when Andy Taylor and Barney Fife graced our television screens. Though a fictional setting, Mayberry wasn’t too different from other small towns at that time. It was a place where neighbors knew one another, where folks came to each other’s aid in times of need, and where children could roam the streets without fear.
My husband and I were happily living in Arizona in a retirement community when, in 2008, everything changed,” says Patty Grimm. The ﬁnancial crisis dealt the couple a heavy blow, and they no longer felt they could live the same quality of life on their retirement income. “We knew that if we wanted to keep our nest egg, we’d have to look outside of the U.S. to live.”
Cuenca is a cultural hub, with no shortage of things to do. And as entertainment is modestly priced, you’ll have plenty of money in your pocket to afford it. A thriving expat community guarantees you’ll ﬁnd plenty of like-minded people in the city and have no trouble making friends.
So you’ve decided to move to Ecuador. You’ve done your research and know just the town to begin your adventure. You’ve got your documents sorted for getting a residence visa. You’ve even gone through the house and decided what will go with you and what will stay or be sold. But what about your beloved family pet? Just how do you bring Fido or Kitty into Ecuador from the United States or Canada? This is a concern for many aspiring expats. As it turns out, it’s really not all that difﬁcult.
It’s been a long time now since I transitioned from a traditional job to a footloose and fancy-free photographer but I’d do it again in a heartbeat. Location independent income has become a mandatory part of my life and I wouldn’t have it any other way.
Vilcabamba is a great prospect for anyone who loves the country. The properties are diverse enough so that there is something for everyone. There are farms, upscale homes in gated communities, and houses inspired by the green movement, with a low environmental impact. There is even a little domed house reminiscent of Tolkien’s hobbit holes just a few minutes from town. One Vilcabamba expat has compared the town to Ojai, California. The springtime temperatures of Ojai would be on a par with those of Vilcabamba, but even more similarities are found in the lifestyle. Ojai is known for its health-conscious, spiritually-minded, artistic atmosphere. Vilcabamba is much the same, though on a smaller scale.
I get a couple of emails a month like this from International Living readers: “I’ve been doing my research as you suggest. I know I want to make my move abroad, but no matter how many likely destinations I cross off my list, I still have too many to choose from. Where should I go?”
Ecuador, a place I often travel to, is a land of rainforests, breathtaking river gorges, and volcanic hot springs, where you can be pampered by affordable spa treatments or simply enjoy the beautiful landscapes. I’m still amazed at how much my life has changed over the last 10 years since I discovered how to fund my travels and spend more time in Ecuador. I feel so fortunate to have had the experiences. And to make it even better, these were business trips. I made far more money than I spent. The priceless memories cost me nothing.
My wife, Cynthia, and I moved to Cuenca, Ecuador, almost five years ago with no plans other than to have fun and look for interesting opportunities. Retirement had kind of taken us by surprise. The “Economic Tsunami of 2008″ slapped us pretty hard, so that retirement had arrived sooner than expected. Still, we had for years been envisioning what it would look like: a life where we were free to pursue the activities and interests we wanted to and not be held hostage by busy careers and hectic schedules.
It’s been called the Sacred Valley, the Valley of Longevity, and the Valley of Eternal Youth. Tucked into the heart of Ecuador’s southern Andes, the little town of Vilcabamba has earned those monikers, and it’s easy to see why. Steep rounded mountains rise from all directions, giving the town a feel of seclusion and protection. The rich black soil turns out hundreds of varieties of edible plants. And warm weather year-round makes the place a permanent paradise. In fact, when the Ecuadorian tourism bureau decided to market the country as “The Land of Eternal Spring,” I’m convinced it had Vilcabamba in mind. With temperature highs averaging between 74 F and 79 F and lows never dropping below the mid-50s F, it’s tough for me to imagine a more ideal climate.
Ecuador attracts people from all over the world for many reasons. The natural beauty, colorful culture, great climate, and affordable cost of living are just some of the pulls. Beer, however, has never been one of the country’s strongest selling points. And this is something that U.S. expat Greg Gedeon is trying to address with his microbrewery, Zarza—coupled with the beer and bar of the same name—taking the mountain town of Loja by storm. Texan Greg first came to Ecuador nine years ago, fresh out of acupuncture school and looking to ply his trade in Latin America. Attracted by Loja’s nice weather, friendly people, and colonial architecture, he settled down in the area and stayed for two-and-a-half years. “When I first moved here, I was desperate for a decent beer,” Greg says. “So I started learning to brew my own beer.”
Lower costs, less stress, better weather, new adventures…all the expats I meet have their reasons for moving to Ecuador. In my little mountain town of Cotacachi, I’m loving the lower cost of living—my husband David and I and our two sons live here for $1,400 a month, including rent—which in turn allows me to work only part-time. That, of course, leads to more time with my family, which creates a happier environment at home. This nice little chain reaction ultimately creates a relaxed overall atmosphere that is great for my health.
Expat life, how do I love thee? Let me count the ways that one move to the right place changed my life… No snow. Ever. I think back on all the times my wife and I sat huddled in our house in the U.S. listening to the sub-zero winds rattling the windowpanes and the furnace burning money just to keep us from turning into human popsicles. We’d look at each other and say, “You know, there are places on the earth where this kind of weather doesn’t exist.” Now we live in one. It’s called Ecuador.
Our daughter in New Jersey hasn’t seen her yard for months because it’s covered with snow. Our son in North Carolina finished raking leaves a while back just in time to get out the overcoats in preparation for the frigid weather ahead. My wife Cynthia and I, we’re weather junkies, who like the climate to be perfect…not too hot and not too cold… The thermometer was already getting close to 100 degrees when we left Las Vegas for Cuenca, Ecuador almost five years ago. We’d had enough of that scorching heat—as well as the humidity and chilly winters in the southeast where we previously lived…
While the wind blows and the snow flies in Colleen Thom’s old stomping grounds of Alberta, Canada, she and her husband Bill are enjoying their new life in a year-round paradise. For the last year Colleen and Bill have been living a life of warmth, friends, and adventure in the small Andean mountain town of Vilcabamba, Ecuador.
Ecuador has it all: stunning beaches, dense jungles, snow-capped mountains, and lush plains. And when you spend them here you are among some of the friendliest people on the planet. My husband, Warren, and I spent three months exploring the country…and we found a way to make huge savings, leaving most of our budget for enjoying the food, destinations, and culture. The mountains in the Otavalo area were our favorite. Soaring peaks and dormant volcanoes surrounded green valleys, where llamas and horses grazed under blue skies.
“I feel like it’s a real gift to be here,” says Vilcabamba expat Jeff Hutner. It’s a sentiment I have heard echoed time and again from expats in this part of Ecuador. What’s so enthralling about this little highland town just north of the Peruvian border? Well, for Jeff and his wife Jamie, it’s the ability to afford a quality life surrounded by beauty. Nestled into a warm valley ringed by high Andean peaks, the town of Vilcabamba leaves little to be desired. The warm (but not steamy) year-round weather is perfect for plant life. Trees with surfboard-sized fronds stand watch over neon flowers and creeping vines. Crystalline rivers tumble through the valley and there are plenty of hiking trails crisscrossing the slopes.
In Western Australia, April marks the return of the majestic whale sharks to Nimbaloo Marine Park. This is a perfect time of year to snorkel with these gentle giants— the largest fish in the ocean. If behemoths of the deep aren’t your thing, there’s plenty more for you to do at the Surfer’s Paradise Festival, on the country’s Gold Coast April 3–18. You’ll find a wide array of food, street performers, art, music, and other entertainment to cater to all tastes… and all of it free of charge. April also rings in the Buddhist New Year. In Malaysia this is marked by the Songkran Festival (April 12–14), which also serves to celebrate the country’s Siamese community. Rivers and beaches in the state of Kedah are ornamented with sand temples, called stupas, which are then washed away by the tide.
When Bob and Irma Caragol started looking for their new retirement home, they knew what they wanted. “We were looking for a warm climate at a high elevation, enough land for a garden with a good water source, a safe way to diversify our assets, and an affordable cost of living,” recalls Bob. They found all this and more in Santa Fe, Panama. “We are so impressed by the people of Santa Fe,” Bob says. “They are so friendly and helpful and we feel welcome here. There’s no sense of class distinction as in other places, and almost no crime. The environment is unspoiled, with clean rivers and no pollution.”
Every year, more than a million visitors travel to Ecuador for a taste of what this small South American country offers. The Galapagos Islands are undoubtedly Ecuador’s biggest attraction, but those who choose to explore the mainland itself are in for a cultural treat. This equatorial country is soaked in tradition—some of which originated in the times of the Incas, or even earlier. I’ve lived in Ecuador for three years and the longer I’m here, the more I learn and experience. And because the locals are so friendly and welcoming, I’m often included in their traditions—if you spend more than a few days in one place here, you will be too.
Once upon a time there was a girl named Goldilocks who wanted to move abroad. Now Goldilocks was very particular—she wanted everything to be “just right.” One day Goldilocks was reading her International Living magazine and learned about a city in Ecuador called Cuenca. The more she read, the more excited she became. Goldilocks thought, “Wow, this place seems perfect!” Being very particular, she decided to visit Cuenca to see for herself.
When my wife, Suzan, and I moved abroad in 2001, we were sure we knew where we wanted to spend the rest of our lives—on the beach. So, we tried out beaches all over the Western Hemisphere. And where do we live today? In the mountains. Here’s why.
In International Living’s Annual Global Retirement Index 2015, we ranked and rated the 25 best retirement havens in the world. You can stretch your dollars in any of them and live better than you can back home—for less. But the ﬁve below offer the lowest cost of living and come out on top in the Cost of Living category in the Index.