Cuenca's Foreign Resident Population Reaches Record 28,000 According to New Census Data

Cuenca's reputation as one of Latin America's most popular expat destinations just got another data point to back it up. According to newly released figures from INEC, Ecuador's National Institute of Statistics and Census, the city is now home to roughly 28,000 registered foreign residents -- a 15% increase compared to the previous year.

Who Is Moving to Cuenca

The demographic breakdown tells a familiar but evolving story:

• North Americans (US and Canada): 62% of all foreign residents
• Europeans: 18%
• Other Latin Americans: 14%
• All other nationalities: 6%

Retirees from the US and Canada still make up the backbone of the community, but the data reveals a notable uptick in working-age residents -- digital nomads, freelancers, and small business owners drawn by Cuenca's low cost of living, reliable internet, and temperate climate.

Economic Footprint

Local officials estimate the foreign resident community now contributes approximately $180 million per year to Cuenca's economy, with spending concentrated in real estate, healthcare, restaurants, and personal services. That economic activity supports thousands of local jobs, from property managers and translators to restaurant staff and healthcare providers.

The Housing Squeeze

The flip side of rapid growth is rising costs. Average rents in popular expat neighborhoods -- including El Centro, Yanuncay, and Misicata -- have climbed roughly 12% over the past year. A furnished two-bedroom apartment in these areas now typically runs $600 to $900 per month. While that still looks like a bargain compared to most North American or European cities, longtime residents have noticed the shift.

Visa Wait Times Are Growing Too

Another consequence of the population surge: longer lines at immigration. Residency visa appointments in Cuenca now carry a 4-to-6-week wait, up from 2-to-3 weeks a year ago. Applicants are advised to book appointments as early as possible and to have all documentation prepared in advance to avoid delays.