Cost Of Living Comparison Between The US, Costa Rica, And Nicaragua.

Cost Of Living Comparisons: USA vs. Nicaragua, and Costa Rica vs. Nicaragua.

Nicaragua is an amazing country, with limitless natural beauty, and surprising cultural depth.  It seems like every month there is a festival, cultural celebration, or religious occasion happening, or ramping up for it.  One of the other great things about Nicaragua is how cost effective it is.  It is amazing to think that a person can live on $300 per month here!  Granted, that may be on the low end of the spectrum for some people, but for a great deal of people, that is the norm.

 

Read staff article about how Nicaragua is the Safest Country in Central America! 

 

I wanted to actually put some numbers behind what we are saying to back it up.  In the tables below, we have taken data from a third party website called Numbeo.com that regularly compiles data on cost of living for specific countries.

nicaragua vs costa rica cost savings, nicaragua cheaper than costa rica

Save More Money In Nicaragua.

Utilizing the great data supplied at Numbeo.com, we were able to put together a comparison of the cost of living in the United States and Nicaragua. If you would like to see comparisons with Nicaragua and any other countries visit their website here.

Indices Differences
Consumer prices in Nicaragua are 37.18% lower than in the United States
Consumer prices including Rent in Nicaragua are 49.52% lower than in the United States
Rent prices in Nicaragua are 77.41% lower than in the United States
Restaurant prices in Nicaragua are 58.35% lower than in the United States
Grocery prices in Nicaragua are 46.83% lower than in the United States
Local purchasing power in Nicaragua is 83.45% lower than in the United States
RestaurantsUnited StatesNicaraguaDifference
Meal, Inexpensive Restaurant$10.00$4.00-60.00%
Meal for 2, Mid-range Restaurant, Three course$45.00$16.00-64.44%
McMeal at McDonald's (or equivalent combo meal)$6.50$5.00-23.08%
Domestic Beer (0.33 liter bottle)$3.50$1.00-71.43%
Imported Beer (0.33 liter)$5.00$1.54-69.21%
Cappuccino (regular)$3.69$1.62-41.14%
Coke/Pepsi (0.33 liter)$1.63$0.96-41.14%
Water (0.33 liter)$1.29$0.64-50.45%
GroceriesUnited StatesNicaraguaDifference
Milk (regular, 1 liter)$1.01$1.16+14.10%
Loaf of fresh white bread (500g)$2.44$1.26-48.29%
Rice (white, 1kg)$3.08$0.88-71.29%
Eggs (12)$2.35$2.12-9.76%
Local cheese (1kg)$9.61$4.55-52.67%
Chicken breasts (boneless, skinless, 1kg)$8.03$3.49-56.57%
Apples (1kg)$3.84$3.91+1.92%
Oranges (1kg)$3.82$1.19-68.73%
Tomato (1kg)$3.89$1.21-68.98%
Potato (1kg)$2.46$1.14-53.46%
Lettuce (1 head)$1.59$1.25-21.62%
Water (1.5 liter bottle)$1.79$0.93-47.71%
Bottle of wine (mid-range)$12.00$10.00-16.67%
Domestic beer (0.5 liter)$2.33$0.98-57.80%
Imported beer (0.33 liter)$3.35$1.64-51.00%
Pack of cigarettes (Marlboro)$6.00$1.10-81.67%
TransportationUnited StatesNicaraguaDifference
One-way ticket (local transport)$2.00$0.10-94.92%
Monthly pass (Regular price)$64.00$8.00-87.50%
Taxi 1 km (Normal tariff)$1.55$0.66-57.57%
Taxi 1 hour waiting (Normal tariff)$30.00$4.00-86.67%
Gasoline (1 liter)$0.93$0.98+5.34%
Volkswagon Golf 1.4 90 KW Trendline (or equivalent new car) $21,000$30,000+42.86%
Utilities (Monthly)United StatesNicaraguaDifference
Basic (Electricity, heating, water, garbage for 85m2 apartment)$158.11$101.25-35.96%
1 minute of prepaid mobile tariff local (no discounts or plans)$0.15$0.39+158.36%
Internet (6 Mbps, Unlimited data, cable/ ADSL)$46.96$43.60-7.16%
Sports and LeisureUnited StatesNicaraguaDifference
Fitness Club, monthly fee for one adult$38.58$35.00-9.29%
Tennis Court Rental (1 hour on weekend)$18.28$14.50-20.66%
Cinema, International Release, 1 seat$10.00$5.33-46.74%
Clothing and ShoesUnited StatesNicaraguaDifference
1 Pair of Jeans (Levis 501 or similar)$40.78$55.68+36.54%
1 Summer Dress from retail store (H&M, JC Penney, similar)$35.65$37.88+6.24%
1 Pair of Nike Shoes$77.63$85.53+10.17%
1 Pair of Men's Leather Shoes$84.83$55.45-34.63%
Rent per MonthUnited StatesNicaraguaDifference
Apartment (1 bedroom city center)$953.09$230.00-75.87%
Apartment (1 bedroom outside city center)$749.97$125.00-83.88%
Apartment (3 bedrooms city center)$1,651.94$387.50-76.54%
Apartment (3 bedrooms outside city center)$1,259.36$300.00-76.18%
Purchasing an ApartmentUnited StatesNicaraguaDifference
Price per square meter in city center$1,923.05$600.00-68.80%
Price per square meter outside of city center$1,285.43$400.00-68.88%
Salaries and FinanceUnited StatesNicaraguaDifference
Average monthly disposable income after taxes$2,992.24$250.00-91.65%
Mortgage interest rate in percentage, yearly4.23%14.50%+243.05%

Last update January 22, 2015

Data from past 18 months

Currency shown in USD

Las Penitas Full Moon Party

Welcome To Nicaragua

 

There is always a friendly competition between Nicaragua and Costa Rica. We wanted to put some numbers behind the cost of living variance between the two countries. Again, utilizing the data supplied at Numbeo.com, we were able to put together another comparison of the cost of living in  Costa Rica and Nicaragua just to highlight how cost effective Nicaragua really is with its neighbor to the south.

Save More On Rent In Nicaragua.

Save More On Rent In Nicaragua.

You will see the cost of living is overall lower in Nicaragua. From rent, to most foods and transportation, your living expenses in Nicaragua will come with a much cheaper price tag.  For example, from the data provided, rent in Nicaragua is over 55% more cost effective than Costa Rica.  Why is all of this important?  Because a lower cost index means less start up cash you need to save before you head out for your adventure, and more time traveling!

Housing for most English teachers starts around $150/month in Leon just blocks from the city center.  ITA Nicaragua is also centrally located a few blocks west of the central park in Leon, within walking distance to cafe’s, supermarkets, produce markets, restaurants, and bars.  It is an ideal location for a professional teacher training center like ours.

Indices Differences
Consumer prices in Nicaragua are 22.22% lower than in Costa Rica
Consumer prices including Rent in Nicaragua are 28.99% lower than in Costa Rica
Rent prices in Nicaragua are 54.73% lower than in Costa Rica
Restaurant prices in Nicaragua are 43.42% lower than in Costa Rica
Grocery prices in Nicaragua are 34.89% lower than in Costa Rica
Local purchasing power in Nicaragua is 56.63% lower than in the Costa Rica
RestaurantsCosta RicaNicaraguaDifference
Meal for 2, Mid-range Restaurant, Three course$37.37$16.00-38.90%
Meal, Inexpensive Restaurant$6.54$4.00-57.23%
McMeal at McDonald's (or equivalent combo meal)$6.54$5.40-17.51%
Imported Beer (0.33 liter)$3.36$1.54-50.22%
Cappuccino (regular)$2.29$1.62-54.27%
Domestic Beer (0.33 liter bottle)$2.00$1.00-29.35%
Coke/Pepsi (0.33 liter)$1.55$0.96-38.14%
Water (0.33 liter)$1.28$0.64-49.97%
GroceriesCosta Rica NicaraguaDifference
Milk (regular, 1 liter)$1.36$1.16-23.45%
Loaf of fresh white bread (500g)$1.64$1.26-23.07%
Rice (white, 1kg)$2.13$0.88-60.29%
Eggs (12)$2.79$2.12-27.15%
Local cheese (1kg)$6.49$4.55-31.66%
Chicken breasts (boneless, skinless, 1kg)$6.71$3.49-49.79%
Apples (1kg)$4.26$3.91-14.59%
Oranges (1kg)$2.50$1.19-49.73%
Tomato (1kg)$2.03$1.21-44.30%
Potato (1kg)$1.64$1.14-27.96%
Lettuce (1 head)$0.89$1.25+67.65%
Water (1.5 liter bottle)$2.37$0.93-59.31%
Bottle of wine (mid-range)$11.21$10.00-10.89%
Domestic beer (0.5 liter)$1.91$0.98-48.66%
Imported beer (0.33 liter)$2.68$1.64-38.83%
Pack of cigarettes (Marlboro)$3.01$1.10-65.15%
TransportationCosta RicaNicaraguaDifference
One-way ticket (local transport)$0.75$0.12-84.52%
Monthly pass (Regular price)$50.57$8.00-84.21%
Taxi 1 km (Normal tariff)$1.20$0.675-37.35%
Taxi 1 hour waiting (Normal tariff)$13.08$4.00-65.42%
Gasoline (1 liter)$1.42$1.13+20.22%
Volkswagon Golf 1.4 90 KW Trendline (or equivalent new car) $26,157.23$30,000+6.93%
Utilities (Monthly)Costa RicaNicaraguaDifference
Basic (Electricity, heating, water, garbage for 85m2 apartment)$75.13$101.25+34.77%
1 minute of prepaid mobile tariff local (no discounts or plans)$0.07$0.46+607.15%
Internet (6 Mbps, Unlimited data, cable/ ADSL)$56.86$39.50-30.53%
Sports and LeisureCosta RicaNicaraguaDifference
Fitness Club, monthly fee for one adult$39.58$35.00-11.57%
Tennis Court Rental (1 hour on weekend)$16.98$19.67+15.84%
Cinema, International Release, 1 seat$6.54$5.75-12.01%
Clothing and ShoesCosta RicaNicaraguaDifference
1 Pair of Jeans (Levis 501 or similar)$66.03$87.12+31.94%
1 Summer Dress from retail store (H&M, JC Penney, similar)$52.07$34.32-34.10%
1 Pair of Nike Shoes$110.29$73.29-33.55%
1 Pair of Men's Leather Shoes$84.82$53.18-37.30%
Rent per MonthCosta RicaNicaraguaDifference
Apartment (1 bedroom city center)$436.54$230.00-47.31%
Apartment (1 bedroom outside city center)$364.61$125.00-65.72%
Apartment (3 bedrooms city center)$818.37$387.50-52.65%
Apartment (3 bedrooms outside city center)$665.98$287.50-56.83%
Purchasing an ApartmentCosta RicaNicaraguaDifference
Price per square meter in city center$1,126.04$600.00-46.72%
Price per square meter outside of city center$1,023.78$400.00-60.93%
Salaries and FinanceCosta RicaNicaraguaDifference
Average monthly disposable income after taxes$810.80$250.00-69.20%
Mortgage interest rate in percentage, yearly12.92%14.67%+13.55%

Data valid as of February 2015.

So as you can see, there are many facets to Nicaragua that make it a desirable destination for visitors around the globe.  Amazing people, culture, beaches, volcanoes, cloud forests and rain forests, festivals, and its even affordable to see and experience all these things while you are here in Nicaragua.




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