For reference that is about 3 or 4 times the average rent for an furnished studio apartment in an expensive area according to https://www.expatistan.com/cost-of

For reference that is about 3 or 4 times the average rent for an furnished studio apartment in an expensive area according to https://www.expatistan.com/cost-of-living/country/ecuador https://www.expatistan.com/cost-of-living/country/ecuador