No, I don’t think so. At least not like any King that comes immediately to mind. Our (two people and a Chihuahua) original budget when we first arrived was based on $1500 per month. We lived on that budget and did fine for about 3 months. That included rent of $450 per month and a small amount dedicated to savings. We did not live like “Kings” but we had (and still have) a nice condo on the coast with a couple of pools, completely furnished, 2 bdrms, 2 baths and a great terrace with a view of the Pacific and our beautifully landscaped grounds. It’s a low-rise complex…not a big high-rise monster. Lots of green space, trails etc. From what I’ve seen and heard, rents along the coast are a bit higher than rents inland. There are many, many Ecuadors and one can most likely live on around $1000-$1200 per month with careful budgeting…much easier in some parts of Ecuador than in the states. We utilized public transportation to included taxis, buses, moto-taxis and the occasional rented van or truck when needed.
We also shopped for food at large open markets and augmented those purchases with trips to the Super-Maxi in Manta. We had (and still have) Internet and Satellite TV. After a few months, our monthly income increased a bit and we added some upgrades to our lifestyle, including a car. One can likely live a very nice life on one’s Social Security income but…living like a king is a bit of a stretch. Certainly, your money goes much farther in Ecuador than in the States.