Nicaragua, All Areas

Country Full Name: Republic of Nicaragua.

Location: Nicaragua is in Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Costa Rica and Honduras.

Country Climate: Tropical in lowlands, cooler in highlands.

Country Terrain: Extensive Atlantic coastal plains rising to central interior mountains; narrow Pacific coastal plain interrupted by volcanoes.

Major Languages: Spanish, English, indigenous languages.

Major Religions: Christianity.

Population: 5.9 Mil (2012 est.).

Country Economy: The economy of Nicaragua has made significant progress toward macro-economic stabilization over the past few years. Nicaragua is primarily an agricultural country, but construction, mining, fisheries, and general commerce also have been expanding during the last few years.

Currency: Nicaraguan Cordoba Oro (NIO).

Inflation: 7.3% (2011 est.).

The cost of living in All Areas in Nicaragua is very low compared to other places. The overall cost of living is determined using the prices for defined quantities of the same goods and services across 13 Basket Groups. All Areas in Nicaragua is currently ranked 762 overall out of 780 places (rank 1 is most expensive: rank 780 is least expensive). The cost of living rank for each of the 13 Basket Groups is as follows:

Alcohol & Tobacco costs are low compared to other places for items such as alcohol at a bar, beer, locally produced spirit, whiskey, wine (where alcohol is legally sold) and tobacco related products. There are 542 places that are more expensive, and 237 places that are less expensive for alcohol and or tobacco.

Clothing costs are very low compared to other places for items such as business suits, casual clothing, children's clothing, coats, evening wear, footwear, hats, shoe repairs and underwear. There are 734 places that are more expensive, and 45 places that are less expensive for clothing.

Communication costs are very low compared to other places for various communication costs such as call charges, home telephone rental, internet connection, mobile data costs, mobile phone contract and service provider fees. There are 685 places that are more expensive, and 94 places that are less expensive for communication.

Education costs are low compared to other places for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. There are 526 places that are more expensive, and 253 places that are less expensive for education.

Furniture & Appliance costs are low compared to other places for items such as DVD player, fridge freezer, furniture, household equipment, iron, kettle, light bulbs, microwave, television, toaster, vacuum cleaner and washing machine. There are 479 places that are more expensive, and 300 places that are less expensive for furniture and appliances.

Grocery costs are very low compared to other places for items such as baby consumables, baked goods, baking, canned foods, cheese, cleaning materials, cleaning products, dairy, fresh fruits, fresh vegetables, fruit juices, meat, oil & vinegars, pet food, pre-prepared meals, sauces, seafood, snacks, soft drinks, spices & herbs. There are 756 places that are more expensive, and 23 places that are less expensive for groceries.

Healthcare costs are very low compared to other places for general healthcare, general practitioner consultation rates, healthcare/medical insurance, hospital private ward daily rate and non-prescription medicine. There are 754 places that are more expensive, and 25 places that are less expensive for healthcare.

Household Accommodation costs are low compared to other places for items such as accommodation, apartment, flat, house, villa, rent, electricity, household fuels, household gas, water, and local property rates / residential taxes / levies. There are 594 places that are more expensive, and 185 places that are less expensive for household accommodation.

Miscellaneous costs are very low compared to other places for items such as dry cleaning, general goods, general services, linen, magazines, maid, newspapers, office supplies, postage stamps and stationery. There are 705 places that are more expensive, and 74 places that are less expensive for miscellaneous items.

Personal Care costs are very low compared to other places for items such as cosmetics, hair care, moisturizer, nappies, pain relief tablets, shampoo, soap, sun block, toilet paper and toothpaste. There are 690 places that are more expensive, and 89 places that are less expensive for personal care.

Recreation and Culture costs are low compared to other places for items such as books, camera, cinema tickets, fitness/health club membership, sports goods and theatre tickets. There are 520 places that are more expensive, and 259 places that are less expensive for recreation and culture.

Restaurants, Meals Out and Hotel costs are very low compared to other places for items such as a business dinner, dinner at a family restaurant (non fast food), 4 star and 5 star hotel rates and take away meal (fast food). There are 762 places that are more expensive, and 17 places that are less expensive for restaurants, meals out and hotels.

Transport costs are very low compared to other places for items such as car hire purchase, car insurance, car lease, car maintenance, car rental, car service, diesel, petrol, tyres and public transport. There are 743 places that are more expensive, and 36 places that are less expensive for transport.

Personalized cost of living indexes for All Areas in Nicaragua are based on the basket groups and comparison location(s) selected in the Calculators.

In terms of the hardship people are likely to experience, assessed in global terms, All Areas in Nicaragua is ranked as extreme hardship with a hardship index of 40%.

Personalized hardship index premiums for All Areas in Nicaragua are based on the comparison location(s) selected in the Calculators.

Note: Xpatulator.com data is updated quarterly. The latest update is as at 1 April 2012. Create a personalized cost of living comparison report using the calculators:
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