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
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.
My husband Dan Prescher and I were in the States for the Christmas holidays last year—the most frenetic and stressful time to visit. There’s so much pressure, so much to do, so much to spend money on…and it’s icy cold! Temperatures for a few days running while we were visiting in Omaha hovered at about 5 degrees Fahrenheit. I hate to admit this, but there were a few days when I couldn’t bring myself to leave the house. I’m no longer used to (or very tolerant of) those kinds of bone-chilling, life-threatening temperatures. And that’s not to mention that the sun depressingly slips away at 4:30 p.m. on a winter afternoon.
Each morning Tennessee natives Bobby and Becca Vines are greeted by views of two stunning volcanoes. Small-town life in Cotacachi, Ecuador, is never dull, and the couple spends their days viewing international films, enjoying live music, and visiting with the locals. Bobby and Becca spent much of their lives devoted to educating Tennessee schoolchildren. But as retirement neared, the couple knew their teachers’ pensions wouldn’t be enough to allow them to continue living comfortably just outside Nashville.
There’s a lot to love about Quito, Ecuador’s capital city. Low cost of living, consistently excellent weather, amazing dining options, the best health care in the country and cultural amenities everywhere you look. Since moving to Ecuador, my wife Cynthia and I have had opportunities to visit Quito many times for business and pleasure. And we’ve been fortunate to meet good friends there who really know their way around. With each visit, the city has revealed more of its many charms to us. Quito is a truly wonderful place—one certainly worthy of serious consideration as a place to live.
In the 2014 Fast-Track Your Retirement Overseas Package we’ll introduce you to more than a dozen beautiful places in the world where you can live a caviar lifestyle on a hot dog budget.
Perhaps you long for your own cottage on a quiet beach… a grand apartment in a city vibrant with concerts and cafes… a mountain villa where the air is crisp… or even your own vineyard amid gently rolling hills…
The other day my wife and I went out for lunch. We live in a small craft village in the northern Andes of Ecuador, and one of our options is a place called El Convento. It’s in the tidy little tiled and terraced courtyard of a former convent in back of the large church at the center of town. The menu is fixed and changes daily. When we stopped in, our menu started with locro de haba, a lightly creamed soup of fava beans, potatoes, cabbage, and chicken stock with a short pork rib thrown in for good measure. Like most locros served in Ecuador, it came with a side of popcorn and aji, the local hot sauce. Popcorn is a snack and also a garnish here, and the hot sauces are homemade…
Though we moved to picturesque colonial city of Cuenca, Ecuador in 2010, we left again two years ago. That’s right…we left our retirement paradise to try out life on the Central Coast of California in San Luis Obispo where we spent our honeymoon 40 years ago. We were 20 minutes from the Pacific Ocean with its spectacular fireball sunsets and enjoyed some of California’s best beaches, including Pismo, Morro Bay, and Avila. It was our good fortune, to find a 1,200-square-foot apartment on Craigslist—fully furnished—for $895 a month (with utilities and internet it came to $960). It was a bargain.
I’ve been doing a bit of travel around Ecuador recently, and in December I stumbled onto my new favorite city. Restored grand colonial buildings sport fresh bright paint. Tumbling rivers run right through the heart of the city. A growing international expat community and ridiculously friendly locals make fitting in easy and dining options range from traditional local dishes to Chinese, Mexican, Arabic, Japanese, Italian, and even good old Texan fare. By now, you might be guessing that the city I’m describing is expat-favorite Cuenca or the capital of Quito. Those would be fair guesses…but they’re wrong. The city that swept me off my feet is Loja—Cuenca’s little sister to the south.
What’s the weather like where you are right now? And what do the upcoming months have in store for you weather-wise? Are cold northerly winds, deadly ice, and heavy, wet snow part of the forecast? (And that’s not to mention the darkness.) I used to dread winter in the U.S.—when the sun didn’t show itself until well after breakfast and then slipped away again before the afternoon rush hour traffic even thought about getting started.
For their 2015 Annual Global Retirement Index, InternationalLiving.com’s editors and correspondents spent months researching, surveying, and collating the data on the best places to live in the world…a task that included identifying the best climates worldwide. The Climate category in the Index assessed the hard data of temperatures, rainfall and humidity, and also the comfort level of each destination’s climate. “It’s difficult to quantify and qualify a ‘perfect’ climate,” says Suzan Haskins, senior editor at InternationalLiving.com.
When John and Heather Schmit sold their 10-year-old trucking business in Phoenix, Arizona in 2011 they found their dream home amid white sandy beaches, rocky headlands, gentle surf, and inland breezes… Their home in Punta Carnero on the coast of Ecuador “is our piece of paradise,” says Heather. “I can walk along the beach and be the only one out there. It’s so quiet and peaceful.” As they were considering their overseas move, Heather began conversing with a former classmate who lived in Vilcabamba for three years…so Ecuador made it on to their radar.
Panama, Ecuador, Belize and France offer the best retiree benefits in the world, according to International Living’s just-released annual Global Retirement Index 2015. In a bid to entice expats, these countries have assembled attractive benefits packages, which offer huge savings for foreign retirees on everything from travel to utility bills to medication. Topping the “Retiree Benefits and Discounts” category in the Index is Panama, which offers the best incentives for retirees in the world.
Gray skies…dark mornings and evenings…and inches of snow covering your driveway… Those don’t need to be a fact of life. For the 2015 Annual Global Retirement Index, our editors and correspondents spent months researching, surveying, and collating the data on the best places to live in the world…a task that included identifying where you can find the best climate in the world. The “Climate” category assesses the hard data of temperatures, rainfall and humidity, and also the comfort level of each destination’s climate.
My wife and I have lived in Cuenca, Ecuador for years and continue to be amazed at how far we can stretch our dollars while enjoying a high quality of life. Let’s break down some of those costs so you can compare your current budget with what you might expect to pay in Cuenca, beginning with activities that are free. How much does it cost to attend the symphony and museums where you live? Guess what—there is no charge for either in Cuenca. How about your gym membership? The city offers free Zumba classes in parks all over town several times each week.
“This is the best thing I ever did—in so many ways,” Jim Evans says. He’s talking about moving to Ecuador and opening a business. His small shop in the historic downtown district of Cuenca, Ecuador is close to the Concepcion Convent, an institution that traces its roots back to 1599. The rhythm of life surrounding the convent is simple, unhurried, and low-stress—exactly what Jim was looking for when he relocated in December 2009.
On any given evening, you’ll find Kasie Estevez serving up drinks and tasty snacks while laughing with the regulars at the bar she opened in Cotacachi, Ecuador. “I love it here,” she says. “The weather’s good, and you develop friendships like nowhere else. I think people have more time to invest in relationships.” Plus the cost of living is low. A couple can live on as little as $1,600 a month in Cotacachi. Kasie finds that Ecuador’s slow pace allows her to enjoy life more. It’s a far cry from holding down a sales job as a single mother in Las Vegas.
Last year, at the International Living Fast-Track Ecuador Conference in Quito, Ecuador, I spent a few minutes chatting with a woman from Idaho. She and her husband (well, mostly her husband) were thinking of retiring to Ecuador. “Before I got here,” she said, “I wasn’t at all sure about this idea. Heck, I didn’t really even know where Ecuador was…but my husband convinced me to at least come down for a look. And I owe him that.” We chatted a bit about the husband/wife dynamic and about how, when you’re faced with retirement, there are so many decisions, and yes, compromises, to be made.
It would be a challenge for anyone to find a more perfect picture of paradise than Vilcabamba, Ecuador. This little valley is surrounded by the majestic peaks of the Andes and is the perfect example of the “eternal spring” that the country is well known for. With warm days, dependable rain, and little change in weather year-round, it is a lush South American Eden. Dennis D’Alessandro is one of the many North Americans who have come to Vilcabamba to enjoy the climate and opportunities presented. As a third generation organic farmer from Pennsylvania he brought his skills and knowledge to Ecuador.
Have you ever been to a place so breathtakingly beautiful you never wanted to leave? And once you did, you couldn’t stop thinking about it? Los Frailes is that place for my husband and me. Better yet, it’s one of Ecuador’s best kept secrets…one I am going to share with you… The first time we visited this unspoiled piece of paradise I let out an audible gasp when I caught a glimpse of the beach’s turquoise-blue waters and its white sand. I turned to my husband, Mark, and whispered, “You have to promise me you’ll never tell anyone about this place.” It reminded me of Horseshoe Bay in Bermuda where we spent our 25th wedding anniversary.
InternationalLiving.com’s just-released Annual Global Retirement Index profiles the best destinations for good-value living around the world today. Using input from a large team of correspondents on the ground all over the world, the Index combines real-world insights about climate, health care, cost of living, and much more to draw up a comprehensive list of the best bang-for-your buck retirement destinations on the planet. “The world’s top retirement havens for 2015 may dot the landscape from Asia to Latin America to Europe, but they share certain assets,” says InternationalLiving.com’s executive editor, Jennifer Stevens. “They’re safe, offer good value, and are places you can settle with relative ease.
Gary lost his job as a producer selling commercial printing after 30 years with the same company. Louise says, “It was terrifying; we went from a very livable income to nothing in a matter of minutes.” Fortunately, as a stay-at-home mom, Louise had set up a lighting business several years before Gary’s job loss. “Gary joined me and we expanded my little business into a very lucrative lighting business. We designed and manufactured the most wonderful, whimsical lighting.”
A little distance away from Ecuador’s famed colonial city of Cuenca lies a small city that you might never have heard of…but which is rapidly becoming a retiree favorite. Just about an hour away from Cuenca, you’ll find Paute, a destination with a population of about 30,000 people—a tenth of Cuenca’s population. It’s fast becoming known as “Little Cuenca” as more “Norte Americanos” are finding their way to the outskirts of the city with its laidback lifestyle. Randy and Karen Kimbler are just two of the expats who are enjoying the slower pace of life in Paute.
It’s hard not to smile a lot when you live in Cotacachi, Ecuador. Take, for example, my walk through the leather-boutique-laden main street this morning. I strolled a total of five blocks and encountered more familiar faces than I could count. Alberto, a local landscaper, greeted me with a “Buenos dias, Señora Wendy” as he zipped by on his well-used bicycle. My Canadian friends Brian and Janette stopped to chat for a few minutes and catch up. As we finished our discussion I heard a shouted “Hola, Wendy.” I turned to see one of my regular cab drivers, Richar, rolling by in his freshly washed yellow taxi, arm out the window and wide grin on his face.
International Living’s just released Annual Global Retirement Index 2015 highlights the best places in the world to retire. This Index ranks the top 25 countries in the world for retirement in eight important categories. There are many perks available to retirees when you move overseas and one of the eight categories weights Special Benefits for Retirees. These special retiree benefits will help you save big. See below for the benefits you’ll receive in Panama, Ecuador, Belize and France—all four countries topped the Index in this category.
Eighteen years ago along with my whole family, I moved from Colorado to Ecuador. Most people thought we were crazy, but that decision opened my eyes to a beautiful world and changed my life forever…for the better! It didn’t take long for me to fall in love with Ecuador…especially with our new home town of Tena. There is a vibe about Tena, a feeling of youth, fun, and adventure. That atmosphere is contagious and impossible to shake. It’s rather like a hip beach town…except instead of the ocean we have rivers, instead of sand we have jungle, and instead of surfers we have kayakers. The laidback lifestyle is one of my favorite things about Tena and about Ecuador as a whole.
I’ll be honest; Cuenca, Ecuador was not my number one retirement destination—it was Italy. My husband, Mark, and I lived there for six years in our 20s and 30s, our older son was born there, and it was the birthplace of Mark’s grandparents. Yes, I married into one big, loud, happy Italian family. It was the best of times—la dolce vita—a life of pleasure and simple luxuries. And what a life we had there…living in a villa on the Mediterranean…enjoying fresh fish and pasta every day…taking walks along the “lungomare” (seafront)…and watching spectacular sunsets from our terrazza every evening. I desperately wanted it all back when we retired at 55. But then we discovered Cuenca, Ecuador while doing an Internet search for the best places in the world to retire. Mark made his first exploratory trip in February of 2010 without me.