Is the cost of living in Nicaragua high?
We asked people about the cost of living in Nicaragua, they wrote...
"The cost of living in Nicaragua varies greatly depending on the location. Generally, the coastal cities and towns tend to have a much higher cost of living compared to the rest of the country. Most cities in Nicaragua offer inexpensive rentals compared to those in the United States. A nice 1 bedroom apartment in most cities of Nicaragua can be rented for approximately $250-400 per month, while a nice 2 bedroom apartment usually costs around $400-600 per month. Eating dinner in a moderately priced restaurant in Nicaragua can cost around $10 per person," mentioned another expat when asked about moving to Nicaragua.
"As in most foreign countries when it comes to the cost of living, you can pretty much find what you're looking for. Nicaragua is no exception. You can find moderate to expensive pricing options on most things from food to lodging, but the LOW cost items are more easily found in abundance here than in most places. Food is obviously less expensive here. It is not difficult to find $2.00 USD lunches. There are many hostels and hotels that seem to cater to the budget-minded traveler as well. Even retiring in Nicaragua is very low cost and stress-free: In order to qualify for Nicaragua's "Pensionado Visa" you must prove a monthly income from retirement or a pension or from any investment of only $600 USD and you're good to go! That's the LOWEST retirement income requirement of any country in the world," commented one expat who made the move to Granada, Nicaragua.
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- Is the cost of living in Nicaragua high?
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Is the cost of living in Nicaragua high?
If you live in Nicaragua, newcomers to Nicaragua would love to hear your answer to this question:
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
