American retirees with their retirement checks are pouring into Ecuador and Cuenca in particular is one of the hot spots, causing prices to get out of hand for the local people.
According to the website International Living as of May 2016: ” Cuenca has almost everything you could think of. As is true everywhere, your lifestyle will determine your budget. A frugal single person can get by in Cuenca on less than $1,000 per month. Conversely, a couple who rents a high-end condo, eats out frequently (and enjoys good wine with meals), plus owns a car would probably have budget exceeding $2,500 a month.”