Cost of Living in Nicaragua

Nicaragua is a beautiful country in Central America known for its stunning landscapes, rich culture, and affordable cost of living. If you're considering moving to or visiting Nicaragua, it's essential to have an idea of the costs you might encounter. In this comprehensive cost guide, we'll break down the expenses related to housing, data/SIM costs, food, transport, coworking rates, lifestyle expenses, healthcare, regional differences, and budget tiers in Nicaragua, using the local currency, Nicaraguan Córdoba (NIO).

### Housing Costs: -

Managua (Capital City)

- Average 1-bedroom apartment in the city centre: NIO 10,000-15,000 per month - Average 1-bedroom apartment outside the city centre: NIO 6,000-10,000 per month

-

Granada

- Average 1-bedroom apartment in the city centre: NIO 8,000-12,000 per month - Average 1-bedroom apartment outside the city centre: NIO 5,000-8,000 per month

-

San Juan del Sur

- Average 1-bedroom apartment in the city centre: NIO 7,000-10,000 per month - Average 1-bedroom apartment outside the city centre: NIO 4,000-7,000 per month

### Data/SIM Costs: - Prepaid mobile data plans with 1GB data: NIO 150-200 - SIM card: NIO 50-100

### Food Costs: -

Groceries

- Basic food items for a week for one person: NIO 800-1,000 - Price of a loaf of bread: NIO 15-20 - Price of a litre of milk: NIO 25-30 - Price of a dozen eggs: NIO 50-60

-

Dining Out

- Meal at an inexpensive restaurant: NIO 150-250 - Meal for two at a mid-range restaurant: NIO 600-800

### Transport Costs: -

Public transport

- One-way ticket: NIO 5-10 - Monthly pass: NIO 400-600

-

Taxi

- Starting tariff: NIO 40-50 - Price per km: NIO 10-15

### Coworking Rates: -

Monthly membership in a coworking space

NIO 2,000-3,000

### Lifestyle Expenses: -

Gym Membership

- Monthly fee: NIO 500-800

-

Entertainment

- Movie ticket: NIO 150-200 - Fitness class: NIO 100-150

### Healthcare Costs: -

Doctor's visit (without insurance)

NIO 300-500 -

Dental check-up

NIO 500-800 -

Basic health insurance (per month)

NIO 1,000-2,000

### Regional Differences: - The cost of living in urban areas like Managua is generally higher than in smaller towns and rural areas. - Popular tourist destinations such as Granada and San Juan del Sur may have slightly inflated prices compared to other regions.

### Budget Tiers: -

Budget Travelers

- Daily expenses: NIO 500-800 - Stay in hostels, eat street food, use public transport

-

Mid-Range Travelers

- Daily expenses: NIO 1,000-1,500 - Stay in budget hotels, eat at mid-range restaurants, use taxis

-

Luxury Travelers

- Daily expenses: NIO 2,000+ - Stay in upscale hotels, dine at fine restaurants, use private transportation

Understanding the cost of living in Nicaragua can help you plan your budget effectively for either a short visit or a long-term stay in this vibrant country. Keep in mind that prices may vary based on personal preferences, lifestyle choices, and individual spending habits. Make sure to research further and adjust your budget according to your specific needs and circumstances.