One of the biggest countries in Central America is Nicaragua, which is often a popular destination for travel due to its stunning lakes, volcanoes, and rich history.
Travelers from all over the world tend to visit to explore.
The only downside is that the country has so much to offer that can’t be seen in only a short trip.
If you’re interested in living in Nicaragua, you’ll want to know your best options.
We want to ensure that your trip is budget-friendly and affordable.
Below, we’ll introduce you to the cheapest places to live in Nicaragua and what to expect in each area.
10 Cheapest Places to Live in Nicaragua
Nicaragua is a relatively affordable place to live, with much to do, especially if you love the outdoors.
Those traveling here will find their budget can support them for much longer than expected.
Currently, the average cost of living for one person is around $950 if you live in the city.
On the other hand, a family of four can expect their expenses to come to $2,500.
1. San Juan del Sur
San Juan del Sur is known for its beautiful beaches, fishing, and outdoor activities.
It’s often favored by surfers, as there are plenty of waves.
In addition, the nightlife is booming with activity, and there are many foreigners worldwide.
If you’re looking for a place with nightclubs, bars, and many things to do, San Juan del Sur should be on your list.
The average cost of living in San Juan del Sur is estimated at $805 for one person and $2,353 for a family of four.
Rent is often between $420 and $1,133 and will depend on where you live in the town.
That being said, it only has a small population of 14,700 people but many foreigners.
2. Juigalpa
Juigalpa is the capital of Chontales and is mainly an agricultural town.
It’s the center for sugarcane, coffee, grain, and livestock.
Aside from that, there are plenty of activities to do indoors and outdoors.
The town blends modern with traditional but still features many tourist activities.
Those who visit tend to explore the many museums and local delicacies.
The average cost of living ranges from $650 to $1,670.
Rent is the most affordable, ranging from $363 to $1,121.
However, the places here aren’t as modern as other areas.
So, you’ll need to be prepared to live like a local.
That said, everything else is affordable, and the town has a population of 51,800.
3. Jinotega
Jinotega is mainly an industrial town known for its exports of flour, coffee, and manufactured goods.
That said, the city is a great place to live if you have transportation, as it’s linked to the Matagalpa highway, making it easy to access the Pan-American Highway.
There is also plenty to do, ranging from hiking to historical tours.
The average cost of living is estimated at $460 to $1,223.
Rent is only $328 to $1,000, making it a very affordable place to live, even with a family of four.
If you’re worried about a small-town feeling, then don’t.
Jinotega features a large population of 99,400 and features a city-like vibe.
4. Granada
Granada is one of the most visited tourist cities in the country and features many architectural wonders and monuments.
Many visit to see the Renaissance, Baroque, and Neoclassical churches that have been preserved throughout history.
Many houses also feature Spanish influences and are amazing sights to see.
The city also features many modern amenities, like active nightlife, bars, street vendors, and more.
The average cost of living in Granada is $680 to $1,700, but it features modern homes.
Other expenses tend to come from $356 to $1,000 and are very affordable compared to the United States.
That said, there are around 105,000 residents, and it has a large foreign population.
So, you get stunning views, architecture, modern amenities, and more, all for an affordable rate.
5. Esteli
Esteli is known for its stunning architecture and the highest-quality tobacco production site.
Cigar connoisseurs will love trying all they have to offer, as they have award-winning types and offer tours of how the cigar-making tradition came to be.
The soil is also perfect for many types of agricultural use.
The average cost of living in Esteli is $593 to $1,475.
While it’s pricier, it’s one of the better places to live due to its modern amenities.
It also features the best blend of outdoor, modern amenities, and organic food.
The population is currently 112,000 and is still growing.
6. Chinandega
Chinandega is a little bit interesting, as it offers a thorough mix of things.
There are swamps, beaches, volcanoes, and many historical churches.
However, the town is mainly known as the “City of Oranges” due to its amazing oranges.
There are also many beaches with plenty to do.
In addition, the town is very diverse, and foreigners come here frequently to experience everything the city has to offer.
The average cost of living for one person is estimated at $630.
On the other hand, a family of four can expect to have expenses near $1,350.
That said, there are many places to stay that are much more pricey, but if you’re going to save money, then it’s best to live like a local and avoid any touristy accommodations.
The city features a huge population of 122,000 and is one of the least expensive cities to live in the world.
7. Matagalpa
Matagalpa is one of the more interesting places to live, as not only does it have amazing coffee, but it also features many mountain tourist resorts that allow hiking.
There are a few popular ones, such as the Aranjuez, Santa Maria de Ostuma, and the Selva Negra.
These places are often very popular during the summer; many people come here just to experience them.
Plenty of wildlife, flora, and fauna are also interesting to any outdoor enthusiast.
The average cost of living here ranges from $550 to $1,400.
People spend $319 to $977 on all other amenities.
This makes it an incredibly affordable area, and with a lot to offer, it is an excellent place to spend your days.
That said, it’s only recommended for people who love the outdoors, as it’s lacking in modern amenities and nightlife.
8. Masaya
The Masaya Volcano is one of the must-visit places when you’re visiting Nicaragua.
It features a crater with molten lava, allowing tourists to view it up close.
Masaya has more to offer, as it features a strong Monimbo heritage.
There are often festivals held to celebrate tradition and many night markets.
Masaya is a place to visit if you’re looking for culture mixed with naturalistic beauty.
That said, Masaya’s cost of living is a bit higher than other places on our list.
The average cost of living for one person is $700.
A family of four or more will need a minimum of $1,650 monthly for their expenses.
Aside from rent, there are also many places to go and spend money on, which makes the budget a bit higher.
That said, it has a large population of 140,000 and many things to do.
9. Leon
Leon is mostly known for its industrial, agricultural, and commercial businesses.
However, it’s also the birthplace of well-known poets Ruben Dario, Alfonso Cortes, and Salomon de la Selva.
Leon is also known as one of the more liberal political places in Nicaragua and features stunning architecture.
The buildings can rival Granada, and Leon is often known as the land of lakes and volcanoes.
The average cost of living in Leon is $614 to $1,186.
Those looking for a larger city with many things to do will enjoy Leon.
Amenities are abundant, and the city features a higher quality of life than other places in the country.
Food costs, rent, and utilities are the most costly. So, it’s best to budget accordingly when moving here.
10. Managua
Nicaragua’s largest city has a lot to offer, from outdoor activities to tourism and even a rich culture.
Worldwide travelers come here to experience their wonderful coffee and walk alongside some of the best freshwater lakes.
There are also many attractions, such as the Puerto Salvador Allende, Tica Bus, and Centro Comercial Galerias.
The average cost of living is the highest in Nicaragua, but it is well worth the investment.
The total cost of living for one person is estimated at $800 or more.
On the other hand, a family may need $2,000.
However, the city has a population of 937,000 and many things to do.
If you’re looking for an active life that blends rich culture, good coffee, and stunning outdoor landscapes, then Managua is one of the best places to be.
Nicaragua Safety Overview
READ THE FULL REPORT: Nicaragua Safety Review
Safety Index:
- OVERALL RISK: MEDIUM
- TRANSPORT & TAXIS RISK: MEDIUM
- PICKPOCKETS RISK: HIGH
- NATURAL DISASTERS RISK: MEDIUM
- MUGGING RISK: HIGH
- TERRORISM RISK: LOW
- SCAMS RISK: HIGH
- WOMEN TRAVELERS RISK: MEDIUM
Frequently Asked Questions
Where is the most affordable housing in Nicaragua?
Many travelers find that the best places to stay in Nicaragua are either San Juan Del Sur or Managua.
While San Juan Del Sur is great to live in, it’s exceedingly more expensive than other areas.
However, many foreigners live there, and the cost of living is still much cheaper than in the United States.
What are the best ways to save money in Nicaragua?
Living in Nicaragua can be affordable if you keep the most expensive things in mind.
For example, many foreigners will move here and expect to buy imported goods.
The problem is that it’s very expensive and is where most of their budget will go.
If a foreigner wants to save money, living like a local is the best way.
How much is rent in Nicaragua?
The typical rent in Nicaragua, if you’re living as a local, is estimated to be between $300 and $400.
These areas often have only one bedroom but provide all the necessary amenities.
In addition, they are a short stroll away from beautiful mountain passes and beach-side views.
So, it gives you the best of both worlds: affordability and amazing views.
Can foreigners live in Nicaragua?
Yes, but only for a limited time.
If you’re traveling on a tourist visa, then a person can expect to be able to stay up to 90 days.
However, you can stay indefinitely if you are of Nicaraguan descent or have a dual passport.
Those looking for a long-term stay must apply for the proper visas, especially if they will be working in the country.
How affordable is Nicaragua compared to the United States?
In comparison, Nicaragua’s restaurants are 61.5% less expensive than those in the United States.
Foreigners will find that they spend up to 32.2% less and nearly 40.8% less on transportation.
The most costly expenses, such as housing, are 57.6% less expensive than in the U.S., and entertainment is 53% less costly.
As you can see, Nicaragua is significantly more affordable than the United States.
