Cost of Living in Nicaragua
Last updated on Jan 09, 2024
Summary: The cost of living in Nicaragua is relatively low compared to other countries. A nice one bedroom apartment in Nicaragua can cost anywhere from $200 to $400 per month in US Dollars, while a nice two bedroom apartment can cost anywhere from $300 to $600 per month. Dinner at a moderately priced restaurant in Nicaragua can cost anywhere from $10 to $20 per person in US Dollars.
Is the cost of living in Nicaragua high?
We asked people how much they someone comfortably live on in Nicaragua, they wrote:
"The cost of living in Nicaragua is relatively low compared to other countries. Groceries and basic goods like fruits and vegetables are very affordable. Most restaurants serve meals at relatively low prices. Gasoline is also inexpensive. Transportation costs are low and public transportation is available in most cities at an affordable rate. Housing prices also range widely depending on quality and location, and there are many nice apartments and homes that are reasonably priced. Overall, Nicaragua is a great place to live when you want to keep your costs at a minimum," said one person in Nicaragua.
"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," remarked one expat in Granada.
Answer Question & View More Answers
Get Quote
GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
Get Quote
Will I save money living in Nicaragua?
Please login to continue reading this article.
Not a member? Join Today (it's free).
About the Author
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.
Other Questions:
- What should I pack when moving to Nicaragua?
- Where should I setup a bank account in Nicaragua?
- Will I be able to find a job in Nicaragua?
- What is life like as an expat in your area?
- What do expats in Nicaragua appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Nicaragua?
- Is there a lot of diversity? Are people in Nicaragua accepting of differences?
- What are the schools in Nicaragua like?
- How are healthcare services in Nicaragua?
- What are medical services in Nicaragua like?
- Are healthcare and health insurance expensive in Nicaragua?
- What are emergency services like in Nicaragua?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Nicaragua?
- How are local medical facilities in Nicaragua?
- As a foreigner living in Nicaragua, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?