What are living costs like in Nicaragua?
The costs to live well in Nicaragua are very low. Many people find that they can enjoy a very good lifestyle which would be prohibitive in the US, especially for people on fixed income or retirees. Retirees can reside in Nicaragua with special tax incentives to give them even more value for their money. The purchasing power ratio (or PPR) for Nicaragua is 4:1. That is, $100 here will purchase roughly the same daily goods and services that $400 would purchase in the US. As a foreign retiree, you’re entitled to: Pay no taxes on any out-of-country earnings, Bring into Nicaragua up to US$10,000 worth of household goods for your own home duty-free, Import one automobile for personal or general use and pay no import tax or protective tariff and sell it after five years, and Import an additional vehicle every five years under the same duty exemption.
