When looking at lists published by international living gurus citing the best places to live in and retire to overseas, the nations of Ecuador and Panama consistently appear among the places with the highest rankings.
As beautiful, affordable tropical destinations go, they’re among the best of the best. And, while they’re both excellent overall as places to retire, raise a family, start a business, or just live for a short time, each has certain areas where it shines brighter than the other.
We’d be hard-pressed to say which country is the best or, even more specifically, which one is the best for YOU and your particular situation. That decision is best left up to your family, based on your individual needs and priorities.
What we can do is highlight a few categories that are important to expat families and tell you which country excels in that area.
D. Bmcnicol
Round #1 – Lifestyle Hacks
Winner: It’s a Tie
One of the coolest things about living abroad is the ability to enlist help for tasks that you might be fed up with doing yourself, but would’ve never had the means to hire out in North America. Some examples are maids, gardeners, drivers, tutors, and nannies.
And domestic help is abundant and affordable in both Panama and Ecuador. We’d be tempted to give this category to Ecuador for its lower cost (around $10 per day for the services of a maid vs. $15 for the same work in Panama).
However, as is often true, you tend to get what you pay for. So some might argue that the quality of service you receive from domestic helpers is superior in Panama.
Eddie Codel
Round #2 – Connectivity
Outcome: Panama By a Nose
This is another area where both countries excel far beyond the reach of most of their Latin American neighbors. And, up until recently, this category would have gone to Panama by a landslide.
However, Ecuador is aggressively working to improve its internet coverage. As a result, the country’s connectivity is increasing by leaps and bounds with a goal of access in 50% of households by 2015. (It’s currently closer to 35%.) Free public access centers are also widely available across the country.
While Ecuador’s connectivity is great, Panama’s is excellent due in part to a long-standing U.S. military presence. In fact, it ranks #2 in all of Latin America for technology and internet penetration and #1 for wireless availability.
Most Panamanian cities offer affordable broadband service, and there are free wi-fi hotspots nationwide. Because of its technological advances, companies such as Dell, 3M, and Philips have chosen it for their regional headquarters and customer service centers.
Pavel Kirillov
Round #3 – Living Options
Slight Edge: Panama
Both Ecuador and Panama have a lot to offer in terms of variety of living options. When it comes to mountain towns, Cuenca, Ecuador, and Boquete, Panama, are among some of the top expat destinations in Latin America. There are others as well, such as Loja, Quito, and Vilcabamba in Ecuador and Volcan, El Valle, and Santa Fe in Panama.
There are also popular beach towns in both countries. Salinas, Ecuador, has been compared to Miami’s South Beach. There’s also Montanita and Manta. Panama has Bocas del Toro, the quintessential Caribbean beach town, as well as Coronado and Pedasi.
Panama City trumps places like Ecuador’s Quito and Guayaquil if you’re looking for something that more closely resembles a first-world city. The other place where Panama takes the cake is with its options for island living. Ecuador has the Galapagos Islands, a great place for tourists to visit or explore but not necessarily live.
However, Panama offers options like Boca Chica Island, which offer nature-loving expats the opportunity to own their very own piece of a private island that’s only a hour away from the country’s second-largest city and an international airport.
Wogo 24220
Round #4 – Green Living
Winner: Ecuador
While Panama has long had its sights on continuing to improve its infrastructure and commerce, it lags a bit behind in its sustainability initiatives. However, it is making some strides in the right direction. Take for instance the village of Kalu Yala, a development that has a goal of becoming the world’s most sustainable residential community.
Most green efforts in Panama are more grass roots and less government-driven. On the other hand, Ecuador has the unique distinction of being the only country in the world where the rights of the natural environment are protected by the nation’s constitution.
Sustainability issues are on the government’s radar in Ecuador as it battles issues like the threat of drilling in its Yasuni National Park, the most biodiverse place on earth.
Vilseskogen
Round #5 – Cost of Living
Clear Winner: Ecuador
Ecuador and Panama both offer the ability to live satisfying lifestyles for a fraction of the North American budget. As you can imagine, prices vary greatly from one city to the next, with some of the more developed areas running much closer to U.S. prices.
However, overall the cost of living is considerably less in Ecuador. In fact, it’s often one of the country’s biggest selling points, with many expat couples claiming to live just fine on a mere $1200 per month including rent, which averages around $450. This includes luxuries like high speed internet and once-a-week maid service.
Both countries have great discount programs for their senior adults, with Panama’s pensionado program being one of its most attractive benefits for retirees. However for most expats, particularly young families, it’s cheaper to live in Ecuador.
Rivera Notario
Round #6 – Ease of Access
Advantage: Panama
This was an easy one. Mainly because the majority of Ecuador’s incoming flights have layovers in places like Panama City (as well as Miami, Bogota, and places in the Caribbean). As a result, travel to Ecuador is longer and a bit more expensive.
It does have great public transportation once you fly in to Quito or Guayaquil, as well as connecting flights to a number of regional airports.
By contrast, Panama’s recently expanded Tocumen International Airport receives direct incoming flights from multiple U.S. cities, as well as various points in South America. David’s Enrique Malek International Airport will also soon begin welcoming international flights, opening up the western regions of Panama to expats and tourists from all over the world.
Matthew Straubmuller
Round #7 – Business Climate
Champion: Panama, Hands Down
To decide this category, you only need to look at the stats. The International Finance Corporation ranks Panama 55th in the world for ease of doing business, compared to Ecuador’s rank of 135th. This survey is based on factors that affect one’s ability to start and operate a local business.
This comes as no surprise, as Panama’s government has historically been extremely pro-business and pro-investor. It’s also somewhat of a tax haven and an increasingly popular place to open an offshore bank account. Panama also offers a whole host of visa options, with the number of choices increasing frequently.
Ecuador, on the other hand, has a reputation of being a bit unstable and unpredictable. It struggles with issues such as high government turnover rates and an economy that is based a bit too heavily on petroleum.
However, Ecuador’s economy is growing. The country is also taking steps to reduce the government’s influence in certain business sectors.
Gaspar Serrano
Round #8 – Banking
Advantage: Panama
Both Ecuador and Panama benefit from having a dollarized economy. However, both have seen requirements tightening in recent years due to laws like FATCA and other U.S. tax evasion agreements. As a result, it’s becoming increasingly difficult for foreigners to open an account.
That being said, the banking process is far more friendly to foreigners in Panama. It’s home to a number of international banks and is emerging as a major player on the global banking scene.
Ecuador, on the other hand, suffers from inconsistent regulations and subpar accounting standards, although its banks’ performance has improved in recent years. Due to the inconsistencies, however, the process of opening an account can be a bit long and tedious.
thinkpanama
Round #9 – Investment Opportunities
Our Pick: Panama
When you look at the ingredients for a savvy investment, they include factors like low costs, massive infrastructure projects, a focus on tourism, and government incentives. Both Ecuador and Panama have all of these. And lots of them.
Panama just has more. Its real estate is still affordable. The government has recently invested $15 billion in projects like airport expansions, new roads, and a metro system. There are tax breaks on everything from the importation of building materials to build a hotel to income tax on land purchased for reforestation.
Ecuador offers many of those same advantages, and often at a lower cost. So you could argue that in Ecuador there’s a bit more room for appreciation. However, the benefits of investing in Panama are just still too good to award this category to anyone else.
Presidencia de Republic de Ecuador
Round #10 – Health Care
Outcome: Another Tie
Ecuador and Panama both benefit from having excellent health care systems, with skilled medical staff and modern facilities. English is widely spoken by doctors in both countries, many of whom trained in the U.S, and hospitals offer the latest in technological advancements.
The low cost of care is also a big plus, with procedures generally running about ¼ of the price for the same service in North America. Health insurance is also affordable and widely available.
Both countries suffer from the same main drawback in this category: availability in rural areas. While they both have state-of-the-art hospitals, they’re found only in the largest cities. Clinics in more remote locations may be limited to basic services or even first aid only.
ThinkPanama
Round #11 – Consumer Goods
Winner: Panama
Both Ecuador and Panama have a surprisingly good selection of consumer goods. As a result, you usually need only drive to the nearest city to find exactly what you’re looking for, or at least a comparable replacement.
Where Ecuador suffers in this arena is due to its ever-increasing taxes. Many items have become more difficult to find, or at least more expensive, in recent years. Consequently, fewer and fewer items (like vehicles and cell phones) are being imported.
Panama, on the other hand, has become quite the shopping hub for folks all across Latin America. This is due in part to its low value-added tax of 7% (vs. 12% in Ecuador). We’ve even seen people who traveled from Ecuador to Panama City to buy several flat-screen TV’s due to the better prices and availability.
D. Rorfold
Round #12 – Foreign Land Ownership
Victor: Panama
In both Ecuador and Panama, foreigners who buy property have their rights protected by the constitution just the same as nationals of that country. There are also few restrictions on what land they can buy. Well, there’s only one really, and it’s in Panama where foreigners can’t own land within 10 kilometers of the border.
Both countries offer an abundance of land available at, in some cases, rock-bottom prices. However due diligence is absolutely necessary before buying land in either country.
Purchasing real estate as a foreigner can be a challenge, but the whole process is a bit easier in Panama. A good attorney is a must, so choose one who’s experienced in land transactions and can handle things like researching the title, drafting contracts, and registering the deed.
D Rorfold
And the Grand Champion Is…
Nah. We didn’t keep score. There’s just too much to love about both of these countries for us to try to give the trophy to one or the other.
What’s more important than our opinion is your own experience with each of these fine countries. So, if Ecuador and Panama are on your short list of potential expat destinations, then we suggest you open a new tab and start looking for flights. There’s no better way to pick a winner than to just let the two duke it out firsthand.
Map of Panama
Panama Fast Facts
- Population: 3.8 million
- Typical temperature: Temperature typically varies from 72°F to 91°F
- Nearest airport with U.S. flights: U.S. bound flights leave daily from Tocumen International Airport
- Nearest U.S. consulate: Panama City
Map of Ecuador
Ecuador Fast Facts
- Population: About 15.49 million
- Typical temperature: Ecuador is known for its micro climates.
- Major airports with U.S. flights: Quito, Cuenca and Guayaquil. Complete list of airports in Ecuador.
- Nearest U.S. consulate: Quito and Guayaquil
OliverH
There’s a lot of buzz about Ecuador as an expat haven that’s among the world’s best places to retire or live in Latin America. But not a lot of people know much about it.
Like, for starters, where is Ecuador? I mean, it’s on the equator, right? Hence the name. But doesn’t that mean it’s unbearably hot?
And is it a long way away? How do I get there and how long is the flight?
We’ll answer these and other questions you may have about this popular destination. But let’s start with the most important one.
Where Is Ecuador on a Map?
There it is! Right there on the west coast of northern South America. Between Colombia to the north and Peru to the south. The equator does pass through it, roughy ¼ of the way down, near Quito.
Andrew Turner
How Do I Get There?
Ecuador has two main airports. There’s Mariscal Sucre in Quito and Simon Bolivar in Guayaquil. Quito’s airport is new and modern. It even has an on-site hotel that’s currently being built. However, both are a bit of a hike from the city. The old airport, which was more centrally located, is now closed and is being transformed into a park.
Some travelers also fly into Guayaquil on the coast. It also has a modern international airport with all the amenities you’d expect, like restaurants and duty-free shopping. It’s only a few minutes north of the downtown area.
Once in the country, buses are plentiful and affordable. There are also a number of regional airports, including two in the Galapagos Islands, which can only be accessed via mainland Ecuador.
What Airlines Fly into Ecuador?
U.S. Airlines that offer flights to Ecuador include Delta, United, and American Airlines. TAME, an Ecuador-based airline, flies into New York City. LAN Ecuador also flies there, as well as Miami.
From the U.K., you can fly American Airlines from Heathrow to Quito. KLM will also get you to Quito from Heathrow, by way of Amsterdam.
Other airlines that fly into Ecuador from destinations throughout Latin America are Copa, Avianca, Aeromexico, Iberia, and TACA.
Morpholux
Do I Need a Visa to Go There?
Not unless you want to stay for more than three months. By presidential decree, citizens of any country may visit Ecuador and stay for a period of 90 days. You won’t need a visa. However, you’ll want to check with your embassy to see what other paperwork might be required. For North Americans and most European travelers, it’s usually just a passport and a copy of your return ticket.
Sara Y Tzunky
When Is the Best Time to Go?
Because Ecuador is located on the equator, it has roughly the same weather year-round. So there’s really no bad time to visit. However, depending on the region, some seasons are a little better than others, as Ecuador’s climate varies greatly among its four distinct areas.
The coastal lowlands stay between 80 and 90 degrees. During the rainy season (December to April), you can expect a torrential downpour pretty much every day.
The Andean highlands are much cooler with daytime highs in the mid 70s. Nights can get pretty cool with lows around 50 degrees. The rainy season is the same, with April generally being the wettest month and June to September representing the driest period.
The Amazon region is probably much closer to what most people picture when they try to imagine a climate along the equator. Predominantly tropical lowland rainforest, it’s hot and humid with temps in the 80s and 90s and steady rainfall throughout the year.
It’s still popular among adventure travelers despite its challenging climate. The frequent showers make for excellent whitewater rafting and kayaking.
Despite being situated almost directly along the equator, the Galapagos Islands get some relief from the heat thanks to the cool Pacific waters. As result, they enjoy temps between the mid 60s and upper 80s with surprisingly little rainfall.
What Places in Ecuador Should I Visit?
Ecuador is jam-packed with natural wonders and cultural attractions. Here are some of the most popular spots that you won’t want to miss.
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Banos is the adventure capital of Ecuador. It sits at the foot of the active Volcano Tungurahua. It’s also surrounded by a number of hot spring mineral baths.
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Canoa is a beach town that hasn’t lost its appeal as primarily a laid-back fishing village.
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Cotacachi is a small village that’s only 90 minutes from the capital city of Quito. It enjoys a rich cultural heritage.
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Cuenca is a beautiful colonial city in the mountains that’s quickly becoming one of the most popular expat destinations in Latin America.
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Esmeraldas is a cozy beach town that’s a little more laid-back but still one of the country’s most popular.
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The Galapagos Islands are an archipelago scattered far off the country’s coast. Made famous by Charles Darwin, they’re visited by scientists and nature lovers from all over the world.
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Guayaquil is the largest city in Ecuador. A bustling coastal town, it’s a functioning port city with a relaxed Caribbean feel.
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Loja is another mountain town that’s growing in popularity. Smaller and more affordable, it’s known for its cultural importance and musical roots.
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Manta is a beach town that offers coastal living combined with all the big city amenities of a modern industrial city.
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Montanita is another popular beach town. Known for its surfing and nightlife, it attracts a whole host of colorful characters from all walks of life.
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Otavalo is another mountain town that has retained its quaint, authentic appeal. It’s most famous for its popular textile market.
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Quito is Ecuador’s capital city. Located in the mountains, it has a well-preserved historic district and a monument situated on the equator marking the “middle of the world.”
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Riobamba is the gateway to Mount Chimborazo, Ecuador’s highest peak. It’s also the starting point of the famous train ride down the Nariz del Diablo.
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Salinas is a crowded beach town that’s often dubbed the Miami of Latin America. It’s popular among locals and boasts a number of water sports.
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Vilcabamba is located high in the mountains. Its water comes from melting glacier pools and is among the purest on earth, possibly contributing to the good health and longevity of its residents.
As you can tell, there’s a lot to see and do in Ecuador. It’s also one of the least expensive destinations of its kind. Now that you know how to get there, consider taking a trip to experience the sights of Ecuador firsthand.
Ecuador Fast Facts
- Population: About 15.49 million
- Typical temperature: Ecuador is known for its micro climates, learn more here.
- Major airports with U.S. flights: Quito, Cuenca and Guayaquil. Complete list of airports in Ecuador.
- Nearest U.S. consulate: Quito and Guayaquil
bengarland
Cuenca, Ecuador, is a rare find among expat destinations. Latin America has its share of quaint mountain retreats, eclectic beach towns, and even cosmopolitan cities.
But Cuenca is in a class of its own.
It’s large enough to house a wealth of cultural offerings and first world amenities, yet not so big that it loses its small town feel. It’s authentically Ecuadorian, but with enough North American familiarities to make expats feel right at home.
These factors, combined with its ideal climate and low cost of living (including housing), are the reasons that Cuenca, Ecuador, real estate has been in such demand in recent years.
Cuenca, Ecuador: From “Panama” Hats to Publicized Hotspot
Cuenca’s roots date back to the ancient Incas, before it was conquered by the Spanish in the mid-16th century. Many of the churches, plazas, and other structures they built still remain, earning Cuenca a place as a Unesco World Heritage Site.
The city thrived as an important industrial, manufacturing, and agricultural center. It also saw much success from the production of the erroneously named “Panama” hat, which was made from local palms. Other lucrative industries included the making of ceramics, furniture, and jewelry.
While tourism was always central to its economy, the industry really began to pick up speed over the past dozen or so years. However, the big tourist and expat boom came in 2009 when International Living named Ecuador as the world’s best retirement destination, citing Cuenca as its most attractive city.
Since that time, expats from all over have flocked to Cuenca in droves. They range from retirees to young families or singles, looking to start a business or even work for their same company by telecommuting from abroad.
Why Expats Love Cuenca
Sure there’s the culture, the colonial charm, and the ideal climate (temps in the mid-70s year round). But lots of cities offer those same perks.
Here are a few of the factors that make Cuenca, Ecuador, real estate stand out above the rest when expats are choosing a place to retire or raise their family.
It’s an incredibly livable city.
There are a number of features that not only add value to Cuenca’s already-desirable real estate. They also make residents’ day-to-day life much simpler and more enjoyable.
Recent infrastructure projects include pedestrian walkways, bike paths, underground parking facilities, and a light-rail system that will transport an estimated 100,000 people per day. As a result, very few people find it necessary to own a vehicle in Cuenca.
Other pluses include about 20 modern medical facilities (offering highly qualified medical professionals and state-of-the-art technology), shopping malls, high speed internet, and plenty of restaurants and bars.
It’s family friendly.
In addition to its beautiful architecture, Cuenca is full of public parks and common areas where families can gather. It sits high in the Andes Mountains where four rivers converge, allowing for plenty of opportunities to explore the surrounding natural environment.
Cuenca is also extremely safe, with very little violent crime. It’s quiet and conservative, with most establishments shutting down by 10:00 at night (or at least turning down their music).
Of utmost importance for families with children are quality schools, and the ones in Cuenca are top notch, eliminating the need for a costly private education. The community as a whole places great value on education. There are also multiple universities, which even offer Spanish classes for adults who want to learn the language.
It has a well-established, yet integrated expat community.
Cuenca’s population is quite diverse. In addition to locals and expats from all over the globe, there is also a huge number of Ecuadorians (born in other parts of the country) who’ve lived abroad and then chose Cuenca upon returning to their home country.
North American expats alone account for an estimated 4,000 of the city’s roughly half a million inhabitants. What’s unique about Cuenca’s expats is that they generally live intermingled with the local culture, rather than separated by themselves in a gated community (as expats in many other cities do).
However, they’re still well organized as a group, with many expats events being held regularly.
The cost of living is pleasantly low.
As expenses go, Ecuador offers one of the world’s lowest costs of living. As Ecuador goes, Cuenca is on the higher end. That being said, those two basically cancel out, placing Cuenca on par with (or in many cases still cheaper than) most other expat hotpots in Latin America. Although most would argue that Cuenca has far greater perks and amenities.
Dinner and drinks for two at a first-rate restaurant can be had for $30 or less. Haircuts start at $1.50, as do four-course lunches. A dozen roses cost a mere $2. You can even hire full-time domestic help for as little as $10 per day.
Cuenca, Ecuador, real estate is also affordable. You can get a two bedroom, two bath condo near downtown for as little as $80,000 or rent a fully furnished place for $650 per month. Throw in low cost utilities, food, and transportation, and you could easily get by comfortably on $1200 per month. For $1500 you could really live it up.
Paulo Garcia
Cuenca, Ecuador, Real Estate Is Still a Solid Investment
While not the rock bottom prices you’ll find in some parts of Latin America (including elsewhere in Ecuador), Cuenca, Ecuador, real estate is still a bargain. It’s much pricier than the Cuenca of a decade ago, as properties have been appreciating at rates between 5-12% over the past 10 years, but it’s proven to hold its value well.
El Centro, the compact historic district, remains the most expensive area, and condos boast the highest returns. Just outside the city center are a number of neighborhoods (such as Estadio, 12 de Abril, Remigio Crespo, and the Zona Rosa) that are cheaper and still within walking distance.
Beyond those are areas like Totoracocha and Ordonez Lazo that offer larger homes, plus some modern apartments, at bargain prices. Suburbs such as San Joaquin and Chaullabamba are even more affordable, but those living on the outskirts would need a car due to the less frequent bus routes.
Cuenca’s popularity among students and tourists results in a larger than average pool of potential renters. This is great for those who own property there but only live in it during a portion of the year. Due to the affordability of Ecuador’s real estate, many choose this option, sometimes owning a beach house, a city flat, and a country retreat.
What’s the Future of Cuenca, Ecuador, Real Estate?
Isn’t that the million dollar question. While I can’t say exactly where the Cuenca’s real estate market is headed, I can tell you about a few trends that have been noticed in the past year or two.
The market seems to be cooling down.
Cuenca’s property values are still holding steady, but the days of double-digit appreciation appear to be over. Homes are staying on the market longer, and fewer are selling in general.
There won’t be a huge bursting of Cuenca’s real estate bubble, like what the U.S. experienced in 2008 (due to a history of more responsible lending standards, among other factors), but the market does seem to be topping out.
Construction and new developments are slowing.
There are still plenty of large-scale projects, mostly condominiums, underway in Cuenca, but the number is down from between 40 and 45 a few years ago to closer to 30 today. Likewise, the Chamber of Commerce reports the issuance of fewer building permits.
With more properties on the market, there’s an oversupply of housing for buyers looking for properties over $80,000. There’s simply less demand for new construction properties.
As a result, property values could decrease slightly.
The above factors are likely to lead to a buyer’s market that could help to stabilize, or even decrease, the cost of properties in Cuenca. This decline won’t be a rebound resulting from investor speculation and anticipations of long-term profit, as some expat towns have seen.
Rather, it’s more of the market’s way of righting itself following several years of increasing material and labor costs that had driven up prices considerably. In other words, it’s a good time to score a great bargain.
Many gringos are shifting from buying to renting.
It’s hard to say what’s driving this trend. One possibility is that various categories of expats (e.g. retired couples, families living abroad for only a year or two, etc.) just aren’t looking to buy something long-term.
What they need instead is a turn-key rental complete with furniture, included utilities and a property manager who speaks English. These types of properties average around $850 per month but can vary greatly depending on size, amenities, and location.
Even those mid-range visitors to Cuenca often opt for a nice unfurnished rental for a mere $300-$400 per month with flexible one- to two-year lease terms.
More and more buyers have their eyes on the historic district.
With the introduction of the new train system, as well as the addition of number of public parks and plazas, the historic district has never been more appealing. As a result, El Centro is becoming a highly coveted area for buyers looking to live in a historic building in the center of it all.
It’s also a prime location for developers who want to transform centuries-old properties into boutique hotels, swanky lounges, and luxury condominiums. It’s likely that the historic district could look like a totally different place in another 5 or 10 years. Relatively speaking, that is, since zoning regulations exist to preserve the authentic charm of the city center.
James Wilson
How Much Cuenca, Ecuador, Real Estate Will Your Dollars Currently Buy?
Here are some examples of current listings in the Cuenca area.
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A mere $65,000 gets you a 2 bedroom/2 bath condo near shopping and a short cab ride away from El Centro.
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$115,000 buys a modern two-story 3 bedroom/3 bath home near the historic district with high end finishes.
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For $215,000 you get a 3 bedroom/3 bath home located 3 miles west of downtown that has an open floor plan, a landscaped outdoor space with built-in barbeque, and parking for 3 cars.
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With $320,000 you can buy a four-story colonial home in El Centro, complete with 5 bedrooms, 4 baths, and a separate commercial space with income potential on a whopping 7,350 square feet.
What Are You Waiting For?
Cuenca, Ecuador, is one of the most desirable locales in all of Latin America. It’s full of authentic culture (plus modern amenities), breathtaking skylines, and some of the region’s friendliest people.
It offers affordable living without sacrificing any creature comforts. And it’s about to be cheaper to get in than it has been in years. How much more convincing do you need? Check out what Cuenca, Ecuador has to offer today.
Map of Cuenca, Ecuador
Cuenca, Ecuador Fast Facts
- Population: About 329,000
- Typical temperature: Ecuador is known for its micro climates, learn more here.
- Major airports with U.S. flights: Quito, Cuenca and Guayaquil. Complete list of airports in Ecuador.
- Nearest U.S. consulate: Quito and Guayaquil
If you’ve decided to head down to Cuenca, Ecuador, to live out your retirement years, chances are you’re one of many expats who were immediately won over by this enchanting, colonial city.
Founded in 1557, modern Cuenca has definitely become the center for culture and art in Ecuador.
With gorgeous historical architecture (including an astonishing 52 churches), fewer crowds than Quito, and limited pollution, it’s no wonder that expats are considering this Ecuadorian gem as a possible retirement spot.
But now that you’ve zeroed in on Cuenca, it’s time to narrow the search even further by picking a neighborhood. And when you’re house hunting in a foreign city in a forging country, this can prove to be the most difficult decision of all. Which neighborhoods are safe, which are quiet, which are alive with excitement?
In the end, the neighborhood you choose will all depend on the pace of life that you crave, so take the time to explore Cuenca and get to know some of the different neighborhoods in this beautiful city.
Are gringo neighborhoods the best?
When most expats make the trip down to Cuenca to find the perfect spot, usually the first people they go to for advice on selecting the right Cuenca neighborhood, are their fellow expats.
While your fellow expats can be an excellent source of first-hand information, a large portion of these expats will tell you to stick to the gringo neighborhoods, despite the fact that they rarely venture out of their communities to experience other areas.
The truth is, there are a lot of great Ecuadorian neighborhoods in Cuenca that are perfectly safe for expats and definitely worth checking out. In fact, some of the best neighborhoods, according to the interactive crime map for Cuenca, are Ecuadorian neighborhoods, nowhere near the popular gringo neighborhoods, so don’t be afraid to explore.
Of course, as with any city of significant size, Cuenca has some neighborhoods where crime is more prevalent, however, the bulk of this crime is gang or drug related and doesn’t target expats.
Try colonial living in El Centro
Casey Ramlur
The city of Cuenca is split in two by the Rio Tomebamba, and you will find El Centro in the northern portion.
If you like to be at the center of it all, El Centro could be the ideal place for you.
The historic district of El Centro is preserved and protected by UNESCO, so the buildings here remain as they were in colonial times.
Compact, El Centro spans approximately 10 by 20 square blocks and is bursting with activity as people wander the cobblestone streets to visit the plethora of shops, restaurants and bars.
El Centro takes you back in time with its ancient architecture, but if you are considering settling down around El Centro, don’t worry, the interiors of many of the buildings have been updated with modern conveniences like plumbing, electricity, and even interior design.
Consider residential living south of the Rio Tomebamba
Len Charnoff
If you prefer suburban living, as opposed to busy downtown life, head across the Rio Tomebamba to the southern side of Cuenca.
Here, there are many new suburban neighborhoods that are some of the most upscale and tranquil areas in the city.
You will find low-rise apartment buildings and attractive homes, similar to what you would find in upper-middle class neighborhoods in LA or San Diego.
Avenida Solano is nestled in the heart of south Cuenca and is comprised of a collection of elegant, gated communities, lined with wide sidewalks and stretches of green grass and although developed, it’s not uncommon to see a cow grazing along a parkway as you stroll down the walkways.
High-rise living
Mari Phill
In the last five years, there has been an eruption of urban development as high-rise condos and townhouses sprout up throughout the city.
And yet, because no building will be allowed to exceed 14 stories (at least for now), there is little chance that Cuenca will become overrun with block after block of high-rise buildings.
Currently the high-rise buildings are scattered around Cuenca, rather than being congested in one area and you will find high-rise condos built along the Rio Tomebamba and westward along Calle Lasso, to name a few spots.
West Cuenca is known for its modern, high-rise buildings and is sought out by expats for its beautiful parks and international residents.
Which neighborhood will you choose?
The choice is ultimately yours to make and whether you choose the bustle of El Centro, the tranquility of the suburbs, or modern high-rise living, Cuenca will have the perfect neighborhood for you to call home.
Ecuador has become a very popular destination for expats. Not only is it a beautiful country with a fascinating history and a rich culture, it also offers a well-entrenched expat community and plenty of support.
Cuenca is a particularly great spot for expats. This highland city is the capital of Ecuador’s Azuay Province. There are a lot of things that make this city popular with expats. It has stunning historical buildings, so much so that it has been named a UNESCO World Heritage Site. There are also a wide range of facilities, a large expat community, and a wide selection of celebrations and festivals.
There are a number of reasons why people choose to relocate to a place like Cuenca. For many, it is because they want to live a happier and more adventurous life at a lower cost. This is certainly a benefit that Cuenca, and Ecuador as a whole, can offer. The longer you live in a place like this, the more your monthly outgoings will reduce.
If you’re thinking of making Cuenca Ecuador your new home, here are five tips for living there successfully.
1. Get to Know the Culture of Cuenca
A city like Cuenca is a real treat to live in. The city’s UNESCO World Heritage Site status is testament to just how much there is to see and do. Museums such as the Museo del Sombrero, the Museo de las Culturas Aborigenes, the Museo del Monasterio de las Conceptas and the Museo Pumapungo all offer fascinating insights into the history of the area.
It’s also a good idea to keep on top of local events. There are festivals and programs of events running all year round, and many of them are free. This is a great example of how living in Ecuador can be so much cheaper than in the states: entertainment is much more varied and cultured and costs only a fraction of the price!
2. Learn the Lingo and Take a Spanish Course
Life as an expat in Ecuador will be much easier if you have even a basic grasp of Spanish. You may also find that you get a better price if you can negotiate in the local lingo! Luckily, there are hundreds of options for where to take a language course, and almost all of them will be much cheaper than it is in the USA. If you’re on the lookout for a language school, try the Simon Bolivar Spanish School. This is one of the oldest, largest, and most successful Spanish schools in Cuenca.
3. Get into the Habit of Carrying Small Change
Once you get the hang of how much cheaper things are in Ecuador, you’ll want to get into the habit of carrying small change. You may even find that carrying anything over a $20 bill is a waste of time, as you’ll have trouble changing it. Adjust the contents of your wallet to suit the price of the things around you, and things will be much easier!
4. Join the Cuenca for Expats Program
Cuenca’s Chamber of Commerce have put together the Cuenca for Expats program to aid transition into the city and to help new expats to feel at home. Joining this program can be a great way to get to know your new city quickly, and it can really help when it comes to meeting other people in the same position as you. The program can also help to make sure you avoid common pitfalls and start benefiting from cheaper living right away.
5. Hang Out at the SuperMaxi Grocery Store
A grocery store may not sound like the most happening spot Cuenca has to offer, but you might find it helpful to pay a visit to SuperMaxi. This is well known as a local expat meeting point, and it can be a great way to meet people and learn some local tips. As well as all the groceries you’d expect to find in a store like this, you’ll also be able to pick up some English speaking time and the 411 on local expat happenings!
The Ecuador 3 Count, where we bring you 3 Ecuador stories that you shouldn’t miss.
Casey Ramlur
1. Is Cuenca the Next Expat Hotspot?
The latest place that is appearing on the potential expat radar is Ecuador and more specifically the laid-back city of Cuenca. Does it have what it takes to be the next expat hotspot?
2. Cuenca or Medellin: Who Wins as Top Retirement Destination?
You can buy a nice, two-bedroom apartment in both Cuenca, Ecuador and Medellin, Colombia for less than $100,000, two of the top retirement options in Latin America right now, but which one is better for you? You might be surprised to learn it will take more than number-crunching to name a winner.
3. Cuenca, One of the 6 Most Affordable Places to Live in the World
Here are six places where Americans could live well on the cheap. The rankings were in accordance to 12 main factors, including climate, whether English is spoken, cost of living, health care, and infrastructure, to determine the best cities to retire.
Ecuador is about the size of Colorado. It straddles two hemispheres and is a symphony of culture and adventure. We’ve rounded up the best Ecuador has to offer, and if you’ve got six minutes, take an amazing video tour of this South American Gem.
The country is made up of a tropical climate along the coastline, it becomes cooler inland at higher elevations and remains tropical in the Amazonian jungle lowlands. The capital, Quito, is a world heritage site and a favorite expat destination along with the cooler climate of Cuenca.
Ecuador 3 Count, where we bring you 3 Ecuador stories that you shouldn’t miss.
Photo Credit: C. Ramblur
1. Cuenca – the Next Expat Paradise?
In recent years, Cuenca Ecuador has experienced a record number of retirees from parts of the developed world such as the USA and Canada, who are chasing the media coverage praising the country for its beauty and low cost of living. BBC News takes an in-depth look at this boom and the effects upon the Ecuadorian people and culture.
Click to learn more about real estate, cost of living, healthcare, & residency in Cuenca
2. Ecuador Taps into Qatar’s Tourism Potential
Qatar could be a regional hub for South America-bound tourists, Ecuador’s Minister of Tourism Freddy Ehlers has suggested. The delegation presented key tourism offerings of the country such as the Amazon jungles, snow-capped volcanoes of the Andes, beaches along the Pacific coast, and the Galapagos Islands. Ecuador caters to tourists who are looking for adventure, special interest travel, or specialized tourism.
3. Ecuador’s Beaches: Why You Will Want to Pack Your Suntan Lotion
Travelers often go to Ecuador to see the Andes and to straddle the hemisphere. But if your desire is to experience more of the country than the mountains, head to one of Ecuador’s beaches. Depending on which beach you choose, you can find a party, a surfing paradise, or a relaxing escape from the chaos of the city.
Of all of the cities in Ecuador, Cuenca is arguably the most charming with its cobblestone streets, old-world cathedrals, colonial parks, and mountain vistas. In Cuenca, there is never a lack of things for an expat to do over a weekend. We’ve rounded up five to get you started.
1. Eat Lunch at the Inca Ruins of Ingapirca
Just a two-hour drive outside of Cuenca is Ingapirca, the largest Inca ruins in Ecuador. As you explore by foot, take notice of typical regional handicrafts, including pottery, leather goods, and more. Many hotels offer guided tours to the ruins, known for its many stone structures surrounding the prominent circular sun temple. Find a comfortable seat and watch craftsmen weave Panama hats while you enjoy a typical Ecuadorian meal.
Inca stone ruins of Ingapirca, Ecuador
2. View Cuenca from Atop the Mirador de Turi
For an impressive view of Cuenca, take a taxi south of town along Avenida Solano to the stark white Church of Turi, that sits high on a hillside in the southern suburb of Turi. The views are especially grand on the holidays and in the evenings when all of Cuenca’s churches’ steeples and domes are lit throughout town.
See Cuenca from atop Mirador de Turi.
3. See a Shrunken Head at Museo Pumapungo
Cuenca’s most important museum, Museo Pumapungo is home to five rare and eerie tzantza (shrunken heads) from the Shuar culture of the southern Oriente of Ecuador. Take your time, the museum is a great place to take in Ecuador’s vast cultural offerings where you can see traditional costumes of the country’s indigenous cultures, to Afro-Ecuadorians from Esmeraldas province, along with the cowboy-like montubios (coastal farmers) of the western lowlands.
See a shrunken head at Cuenca’s most important museum, Museo Pumapungo.
4. Take a Hiking Tour of Cajas National Park
With over 250 lakes and a natural abundance of flora and fauna, Cajas National Park is a popular hiking location at the doorstep of Cuenca. Offering all types of hiking grades, up to 12,000 feet, the park operates in all types of weather conditions, so be prepared. But if you need to get out of the city for a bit, it is a perfect day-long escape into nature.
Day hike the Cajas National Park.
5. Take a Postcard-Worthy Picture of the Catedral de la Inmaculata Concepción
Make certain to charge your camera for the focal point of Parque Calderón, Catedral de la Inmaculata Concepción, with its signature twin blue domes that have become the city’s hallmark symbol. The massive church whose austere marble interior took nearly 80 years to complete from its 1885 start date has beautiful stained glass windows and is particularly compelling during an evening service.
Take a photo of Cuenca’s most famous blue domes.
Did we miss your favorite spot in Cuenca? Let us know where you spend your weekends!
“Life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement” — Adam Truslow, coiner of “The American Dream”
So what does Cuenca, Ecuador have to do with The American Dream?
Short Answer: everything really associated with quality of life is more abundantly available in the very best cities of Latin America — with Cuenca, Ecuador a crown jewel among them — than in metro and suburban USA.
Cuenca, Latin America & The “Joy of Life Ratio”
Basically, it comes down to the Joy of Life Ratio.
You figure out the ratio by determining how many minutes out of every waking-hour in a typical day are spent:
- Doing what you love (or at least deeply enjoy) — amid beautiful and pleasant surroundings — in frustration-free and friendly environments — enhanced by beautiful weather
Versus how many minutes are spent
- Doing stuff you hate (or don’t want to do) — amidst clangorous, urban ugliness and/or soul-sucking suburban blandness — in an over-busy and time-crunched and grouchy atmosphere — made worse by inclimate weather
Sure, the US has plenty of opportunity to pursue your passion, more than its share of beautiful cityscapes, and no small amount of lovely weather… But — and this is a giant BUT — the communities with the best mix of those things are now priced out of reach for for most Americans.
And even staying afloat in a simply “nice” city can start to take up all of your time and energy in order to pay the bills and have enough left over for a few evenings out, leaving many Americans to wonder if there isn’t a better option out there somewhere.
Many of them are now finding that better option in the best cities of Latin America, with Cuenca, Ecuador chief among them. That’s where they find much higher Joy of Life Ratios at prices the average American can thrive in.
Of course, which Latin American city and country offers YOU the best Joy of Life Ratio depends on:
- what your passions are (if your passions are sailing, surfing and scuba diving, Cuenca won’t be for you),
- what you, particularly, find the most beautiful and pleasant, and
- what your priorities are, in terms of amenities, city life vs. country life, and so on.
Cuenca Ecuador is the city of choice for those people who’d dream of living smack in the middle of Paris, Barcelona, or Sienna (or even Manhattan or San Francisco, for that matter) within walking distance of historical, beautiful architecture, culture, and food — at a price that’s affordable for someone needing more living space than a studio apartment.
In fact when Ecuadorians live overseas, whether in the US or Europe, they typically return to Cuenca, Ecaudor and purchase real estate. Regardless of where they grew up in Ecuador, when they come back, they tend to settle in the city of Cuenca. And this is for a mix of reasons, which I’ll call…
The Big Three Pros of Cuenca, Ecuador:
1. Cuenca’s Old World Character and Ideal Climate
When more and more American cities and suburbs look like they were designed at corporate, Cuenca looks like something out of Europe with its gorgeous architecture, historic buildings, scenic public squares and parks, and tons of authentic character.
Just look at these pictures!
And for nature lovers, Cuenca sits at the cross-roads, so to speak of four major rivers and is surrounded by mountains, as it lies on the Ande’s mountain range. Most state parks are less beautiful than the cities average walking trail.
And outdoor beauty is important because the weather will make you want to be outside — with year round temperatures averaging in the mid-70s Fahrenheit, getting just cool enough in the evenings for a light sweater or jacket.
And all this in a city of only 500,000 people — about 100,000 people smaller than Portland, Oregon.
See a nice drone video of Cuenca despite the hilarious music.
2. Cuenca As a Welcoming, American-Friendly, Metropolitan City
As mentioned earlier, many Ecuadorians who have spent some time working, studying or living in the US, settle back in Cuenca when they come back to Ecuador.
That means the people in Cuenca like and are welcoming of Americans and happy to help make them part of the community. Many are fluent in English and the city has plenty of English-language bookstores, store owners, and people willing to accommodate non-Spanish speaking travelers and expats.
Overall Cuenca has a very metropolitan feel, alive with talents, dollars, and taste for life that these well-traveled and well-educated Ecuadorians and expats bring to it. Think of Cuenca as a combination of:
- Hip arts community — free symphonies, a mecca for painters and sculptors, and artisans
- College town — no less than 8 universities, and
- Tom-Sawyer-esque hometown — very family oriented with excellent schools, community involvement, safe environment.
Now think of all that rolled into a place that’s very reasonable and affordable to live.
For around $150,000 to $200,000 USD you can get a home within an easy walk of the city’s historic district, or Centro and be able to enjoy the city in a way that’s simply impossible with a US City when you’re forced into a suburb some 30 to 60 minutes away from the hart of downtown. Think of it like living near downtown Austin, or the Garden District of New Orleans, or near the Santa Monica pier — except at a price you can effort and without most of the hassles that come with living in a major metropolitan area.
Simply put, life is simpler and more enjoyable when you can walk everywhere you need to go and the walk is as beautiful and pleasant as one enjoys when strolling through historic Cuenca.
Click to learn more about real estate, cost of living, healthcare, & residency in Cuenca
Along with the beauty and cultural offerings comes all the other amenities you’d expect to find in any first rate city: an active night life, first-rate restaurants, shopping malls (if you want them), luxury boutiques, readily available high-speed internet access, and ease of travel, with an airport offering easy travel.
3. Low Cost of Living Coupled w/ Excellent Schools, Food, and Health Care
We’ve already mentioned housing costs in Cuenca — they are affordably low, with luxury, furnished rentals running around $650 a month.
Factor in utilities, condo fees, cable, and everything else and you’re looking in the neighborhood of $900 a month — again for a furnished, luxury apartment in a desirable location. And the same goes for most anything else — eating out at a first-rate restaurant for two runs about $30. Buying groceries with plenty of grass-fed beaf, fresh seafood and veggies will run you about $250 a month — or about $60 a trip to the market.
And if you’d rather go to a supermarket than a farmers market — don’t ask me why you would but… as the Ecuador’s agricultural and tourism industries, Cuenca has plenty of supermarkets and malls.
Along with the lower cost of living comes the higher quality of life for families and retirees. Not only does Cuenca have an abundance of Universities, including University courses in spanish for expats, but the local schools are excellent and the community places a very high value on education in general.
Many people who move to Cuenca retire there, but if you’re moving your family there, you can rest assured that your kids will receive a first-class education without worry of payment for private schools.
And this low-cost for premium living extends right through to inexpensive, high quality health care, available at 18 hospitals and medical centers in the city, many of which are home to a large number of English-speaking doctors — something extremely important to both retirees and families!
Cuenca, Ecuador’s Short List of Negatives
So why might you decide NOT to move to Cuenca?
Well, the negatives are tightly related to many of the positives. In other words, many looking to move to Latin America like Cuenca because it’s both English language-friendly, already popular with and home to a growing community of expats, and has established industries around welcoming US expats into the community.
And all of that is great… unless you’d rather NOT join a crowd of expats, or would rather move to a city BEFORE it becomes “the next big thing,” or if you’ve already mastered Spanish and don’t care about English-language friendliness.
Also, if you’re idea of paradise includes beaches and water sports rather than mountain living, Cuenca, Ecuador isn’t your town. Ecuador has coastal towns, but Cuenca isn’t one of them.
Finally, if you’re primary consideration is how far your dollar will stretch, Cuenca may be less expensive than North America, but it’s certainly not the cheapest place to live in Latin America, and you can be sure that the steady stream of expats are only going to drive housing and rental prices up.
Comparing Cuenca, Ecuador to Your Other Latin American Options
If you ARE looking for a more tropical or Caribbean flavor to your retirement location, take a closer look at coastal Panama and Belize.
If you like Cuenca, but want something a bit pre-trend, consider looking into Medellin, Columbia and Mendoza, Argentina.
