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
Better weather and a low cost of living makes Ecuador a great option for retirement, and recent improvements to the immigration process now makes it even easier to gain residence in Ecuador. Ecuadorian lawyer Santiago Andrade says: “President Correa’s administration has improved many of the bureaucratic processes, and business and immigration is not the exemption to this change. I have seen an improvement in the timing of the residence visa process. In the past a visa took around 30 to 45 days to be approved; now it takes two to three weeks.”
Although my wife and I have spent 13 weeks of 2013 in Ecuador, and this Sunday celebrated our tenth month as full-time residents of the beachfront town of Salinas, we still from time to time experience “pinch me” moments where we can’t believe this is our life. Take, for example, last evening when we took a stroll down the brick walkway along the beach. It was about 6 p.m., so the sun was not quite down yet and there was a red glow to the western skies. Although it is November and back on the eastern seaboard in the States it was windy and cold, here in Salinas it was just under 74 F with a cool ocean breeze.
Before my wife, Cynthia, and I relocated to Cuenca, Ecuador from the U.S, we made an exploratory trip. Even though only a few years previously, we had never even heard of Cuenca, we were pleasantly surprised by what we found. The city more than lived up to its UNESCO World Heritage designation with carefully preserved colonial architecture throughout the historic district. Plus while there we were thrilled to attend a free outdoor symphony concert. That’s right—free!
Ecuador offers the world’s best climate choices in its four distinct regions, from Amazonian rainforests in the east (El Oriente) to warm coastal lowlands (La Costa) in the west and the Galapagos Islands, 600 miles offshore. The Andes Mountains cut right down the middle of the country from north to south, and in this La Sierra region you’ll find the temperate weather patterns that give Ecuador its status as the “Land of Eternal Spring.”
Expats have flocked to Cuenca, Ecuador in recent years for its great weather, low cost of living, and excellent health care. But most people aren’t aware until they arrive here that my hometown boasts five universities. And because Cuencanos speak what is recognized as the purest Spanish outside of Spain, we also have many Spanish language schools attracting study abroad students from all over the world. Great university towns are known as cultural hubs and artistic centers with a fun, vibrant atmosphere, and Cuenca is no exception. No, you won’t find wild tailgating parties happening during the fall—they play that “other kind” of football here.
With good, fresh food, more exercise, and clean air, expats say they live a healthier lifestyle overseas and it’s easy to do so. Americans Denver Gray and his wife Ann moved to the beach town of Salinas, Ecuador in March of 2013. “After we bought our condo, we came to Salinas for five weeks to set things up,” says Gray. “Some interesting things happened during those five weeks. Without any deliberate attempts to change our diet or lifestyle, my wife and I each lost 10 pounds.”
The colonial city of Cuenca, Ecuador, draws vacationers from all over the world…and it has a tendency to turn visitors into permanent residents. That’s what happened to me four years ago. My three-month visit turned into a six-month stay…Then a year passed and I still hadn’t left. Cuenca has become home. I’ve been to some great places in the world and have loved them—places like Spain, Italy, or even Argentina. So why do I stay in Cuenca when there are so many other great places I could be living? Well, there are three big reasons I keep staying (and staying and staying).
Like many other folks thinking about moving abroad, my wife, Suzan Haskins, and I thought we knew what we wanted. A tropical beach, of course. During our lives we’d spent incredible days of vacation swinging in hammocks on palm-studded beaches, basking in the sun, and listening to the waves breaking out on some reef.
“How much does it cost to live in Ecuador?” That’s a question I hear a lot from readers. From masses of anecdotal evidence and my own experience of living here, I can safely say that a typical couple will most likely spend somewhere between $1,600 and $2,400 a month to live in Ecuador. But what you will spend depends very much on your own needs and wants.
There are many reasons why people choose to move from the U.S. to sunnier climes abroad. Often, it’s for health reasons…sometimes for pure economic necessity—stretching retirement dollars as far as possible. But my wife Ann and I are fortunate enough that we are here in Salinas, Ecuador just because we want to be. We met in 2009…and quickly knew we wanted a new adventure overseas. Both widowed and with our adult children all married and raising their own children we figured life is precious; why not try to do something a little different?
Cuenca is Ecuador’s most popular retirement haven, but it’s not the only one you’ll find in the Andean country. Thousands of expats have chosen from locations all over the country…Pacific coast beach towns, vibrant culture-filled cities, highland farm towns, and more. Ecuador harbors huge variety and whether you’re in search of adventure, planning to start a business, or just want to relax and watch the world go by, it’s got something to offer you.
In Ecuador, you’ll not only be in the middle of the world, but you could be on top of it. That’s because thanks to its location on the equatorial “bulge,” the peak of the country’s 20,564-foot Mt. Chimborazo is the point on the Earth’s surface that’s the farthest from the Earth’s core and closest to the sun. There truly is something for everyone here. Mountains, beaches, rainforests, cities, and small towns…all with a price tag nearly anyone can afford. By the way, Ecuador’s currency is the U.S. dollar—no currency conversions necessary.
No matter how affordable the destinations we talk about are, the simple fact is: You can’t live anywhere for free… But what if you had an income that went with you? An income that could give you the freedom you need to just pick up and go? You could spend half the year in your own cottage on the beach…work in the mornings and snorkel and relax in the afternoons.
My wife and I have been living in Salinas on the Pacific shores of Ecuador for just over six months now. We feel fortunate. We both love it here, and every week that passes we feel more relaxed, and more like we belong. Your own experience with life overseas will vary based on where you came from and where you go; whether you have traveled before; how old you are, and whether you are retired; your personal and financial health; and the list goes on.
It was 10 a.m. on a Tuesday morning. I had just finished drinking a cappuccino with a friend at a local café. Now, I was going to meet a client and spend about an hour getting them set up in their vacation rental. Then I would go back to my home office to spend another 30 minutes or so answering emails.
The couple explored Peru, Ecuador, Mexico, and Nicaragua. As their trips were part of a search for a new home, it made sense to stay awhile and get beneath the surface of a place. Ellen explains, “Extended stays make sense financially, giving us time between trips to recoup the cost of moving about.” But after three years of having no permanent base, they realized that it was actually this roving retirement lifestyle that suited them.
I’d wanted to visit Ecuador for almost 12 years before I finally set foot there. At the time, I didn’t realize it was going to be my new home. I thought I was just visiting… But when you’ve got a portable income, vacations go on forever. Money wasn’t an issue and I could easily afford to stay in Ecuador. I picked up a new apartment…a weekly cleaning lady…and lots of new friends. I had both the funds and the flexibility to be as social as I wanted. And I settled into a new kind of life in the colonial city of Cuenca—one that I truly, truly love.
I discovered the potential of ecommerce 14 years ago when I started my online maternity store…from my kitchen table. At the time, I was searching for a business that offered me the freedom to work from anywhere and the flexibility I needed to care for my young children after my husband was diagnosed with cancer. I found it in ecommerce. In its first month, my first site brought in $7,000. I was ecstatic. And it grew from there. I turned my online business into a multi-million-dollar business in a short amount of time.
The smell of fresh paint is just one sign things are changing in our Cuenca apartment these days… There’s new furniture. New towels, linens, and dishware. From top to bottom, this place is in the middle of getting a post-wedding makeover as I settle into the married life.
Conventional wisdom says that you have to get the travel bug out of your system early; that once you have children you have to abandon your overseas dreams—or at least shelve them until the kids grow up and leave the nest. But it’s just not true…and an increasing number of American families are proving it. Folks from all over the U.S. are bucking tradition and traveling the world with their kids—for a summer, a year, and longer.
For years, Richard and Amy Griffin ran successful businesses in the southeastern United States. Amy’s focus was interior design, while Richard was a food distributor for restaurants, hotels, and country clubs. Things were going well until the economic downturn hit in 2008. “Charlotte is a banking community and all my customers were pretty much bankers, so they pulled the plug immediately, because they had no clue what was going to happen,” says Amy.
When I first began researching Ecuador as a possible place to live four years ago, I found that the country offered a lot to attract would-be-residents, especially retirees. There is the moderate climate promoted by Ecuador’s tourism board as “Eternal Spring.” There’s the low cost of living that allows many retirees to live comfortably off their social security income. Ecuador is also close to the U.S. (4.5 hour flight to Miami) and the country uses the U.S. dollar.
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…
Semi-retired and up for adventure, my wife Char and I have been traveling in South America for the last 11 months. We’ve rented a car for seven weeks to explore Chile; trekked in Patagonia; lived and cruised for one month in the Galápagos; ridden horses into a remote valley similar to Yosemite; hiked over a mountain pass to Machu Picchu; attended a gaucho festival (cowboys showing off their stuff); explored a remote Peruvian jungle; hung out in a grass shack on a beach; learned to cook Peruvian food; taken kitesurfing lessons; swam with baby sea lions; and cheered at soccer games.
At 5.45 a.m., the Paris Metro is nearly deserted and we have our pick of open seats. Across from me, Marisa is hunched over, her forehead teetering on the top of her tripod. Sleepily, she lifts her head and opens one eye to survey me in my bright red, 1960s prom dress. “One more stop,” I say, and she goes back to napping on her tripod. She’s not a morning person. But she knows this is going to be good.
I’m sitting on the patio of the Villa Nova Inn in Cuenca, Ecuador enjoying a few beers. I’m watching the sun go down, looking out over the manicured grassy banks of the Tomebamba river. I can hear the laughter of children in the new Parque de Madre just across the river.
I’ve always loved to explore the areas in which I live. Whether I was bushwhacking through wild Alaskan terrain or driving down dusty country roads in Minnesota farm country, I relished the thrill of seeing what’s around the next bend. It could be a fantastic little family-owned apple orchard or a mama moose with newborn twins.
Panama is the world’s top retirement haven and it’s Chiriquí province attracts more expats than anywhere else in the country. In the provincial capital, David, homes rent for as little as $220 a month.
I’m a daydreamer and a traveler at heart. One of my favorite ways to pass time is to imagine where else I might want to live one day. A recurring dream involves a cabin in the jungle where I would wake to the songs of carefree birds, the chatter of mischievous monkeys, and the rustle of a light breeze playing through overhead palm fronds.
Moving abroad can be the start of the most exciting and fulfilling chapter of your life. I arrived in Ecuador over four years ago and I’ve never been happier. Stress has vanished; I choose how to spend my time; and I’ve never had so many wonderful friends.
Travelers flock to Ecuador each year to enjoy the country’s diverse regions, exotic wildlife, and of course the famed Galapagos Islands. Some visitors become so enthralled with Ecuador that their vacation becomes a permanent stay. But whether you’re a passer through or a smitten expat, don’t miss out on Ecuador’s vast cultural options.
I realized years ago that, by and large, happiness is a choice. I’ll admit that there have been times when maintaining that choice has required significant, conscious effort. But, the choice is easier now that I’m retired and living on Mexico’s Riviera Maya. Here it would take considerable, deliberate effort to be anything but happy.
Sarah Booth was only 23 when she bought her first vacation rental. It was a tiny studio in a ski resort village in Canada, but it was the beginning of a portfolio that now includes properties in Panama, Colombia, and Mexico…and an income that allows Sarah to enjoy a wonderful lifestyle from her home in Coronado, Panama. “Ultimately, my rentals have funded my lifestyle and my travels,” says Sarah. “I live for free and enjoy awesome rental yields.”
Until a few days ago my knowledge of coffee was as follows: buy a bag at the store once in a while and drink a couple of cups to get me going each day. I’ve just returned from an extremely interesting tour, organized by the owner of a local coffee shop here in Cuenca, Ecuador, with a new-found appreciation for my morning beverage.
I’m in no way an expert on the subject of health. What I’m about to tell you is simply based on our experiences and those of folks we’ve talked to here in Ecuador. But we are happy with how things have worked out. With good food, more exercise, fresh air, and the relaxing sounds of the waves in the background, there is no doubt that we are living a healthier lifestyle in Ecuador.
My sister was shocked at the $2,000 she’d been quoted. But for a year’s worth of monthly housecleaning in Ohio, apparently that’s the going rate. While she recovered from her sticker shock, I did a bit of quick math.
I worked hard when I lived in the U.S. Not only did my husband and I have intense jobs, we also homeschooled our children and managed our 10 acres of land in northern Idaho. Additionally, because we’d built our off-grid cabin by hand, we had the pleasure of hauling, splitting, and stacking firewood along with pitching snow off the roof and out of the driveway come winter.
My wife Ann and I moved to the Ecuadorian beach town of Salinas at the start of this year. We came for the wonderful weather and the low cost of living, and we have met some of the nicest people in the world—both Ecuadorians and expats. But there was another factor involved in our move and that was our health.
“Won’t you miss your family and friends if you move overseas?” That’s a question we at IL get asked a lot, and the answer is… “Of course you will.” It’s something my husband Dan and I have experience of. We didn’t think about it too much when we moved to Ecuador back in 2001. With the exception of Dan’s mother, none of our family—my parents and our siblings—lived in the same city as we did.
Optimism and purpose, a low stress level, a natural diet and an active lifestyle…experts say those factors are three times as important as your genetic makeup when it comes to enjoying a long and healthy life. Luckily, it’s easy to embrace those elements when you’re living in a place where they come naturally. And they do in our top picks for the world’s healthiest places to live.