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Parque Central Square in Leon, Nicaragua

Cost of Living in Nicaragua

By Joshua Wood, LPC

Last updated on Nov 27, 2021

Summary: What is the cost of living in Nicaragua? Hear what expats, digital nomads and retirees living in Nicaragua have to say about the cost of housing, health insurance and general living costs.

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Is the cost of living in Nicaragua high?

We asked people how much they someone comfortably live on in Nicaragua, they wrote:

"Live like a Nica on $500 a month or buy your expansive colonial home and entertain lavishly. We find we can live on around $1500 a month but emergencies do happen and that does not include flights back home. The world is different now with many things being fairly expensive now like gas, flights overseas, rising food costs, etc. We do have concerns on the falling dollar," added another person living in Granada.

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Will I save money living in Nicaragua?

"It is easy to live simply and inexpensively here but it means no more traveling extensively unless you have a good retirement income. The question is the lifestyle you want to have," explained one expat.

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What is the average cost of housing in Nicaragua?

If you are thinking about moving to Nicaragua, cost of living in probably a key consideration. Expats commented about the cost of housing:

"My housing costs are 1/4 of what I would pay in my old state of PA and 1/2 of what I would pay in the lower cost area of the southern US. You can rent a decent house in Leon for $300 a month. If you want air, a dryer and hot water, you will pay more. Also, when the listing says unfurnished, it means there is absolutely nothing in it but 4 walls and a toilet and sinks," added another person living in Leon.

"In comparison, the housing is less expensive than in the US New construction is around $40.00 a sq. ft. Upscale, 3 bedrooms with a view and pool are renting for $500-700.00 per month. Smaller local houses rent for $200-300.00," explained one expat living in San Juan del Sur.

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About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat 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.

Parque Central Square in Leon, Nicaragua

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