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International Cost of Living Calculator

We provide international cost of living and hardship data so that you can create reports online (24X7) using any of the calculators:


Expat Salary: Salary purchasing power parity calculator, for simple cost of living comparison and international salary calculation (e.g. to compare a salary offer).


Cost of Living Comparison: Cost of living allowance calculator, compares cost of living and hardship and calculates a cost of living allowance based on the difference.


International Cost of Living Index: Cost of living index calculator, compares multiple locations to a home base (e.g. international offices compared to HQ).


International Assignment: International assignment management calculator, for global mobility managers who use the build-up approach for detailed international assignment salary and allowance calculations.

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Mobility Calculators

Do you need a Cost of Living Comparison Calculator?

The global cost of living calculators have been created to compare the cost of living in every country and major city in the world, to help you manage short and long term assignments (page down for a description of each cost of living calculator):

Cost of Living Allowance
Cost of Living Index
International Assignment Management
Salary Purchasing Power Parity
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Pricing

International Cost of Living Calculator Pricing


7 Day Subscription = $39 per location (minimum of 2 locations required)


Annual Subscription = $89 per location (minimum of 2 locations required)


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Location Rankings

Cost of Living Comparison by City and Country


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Most Expensive Location Rankings


Latest Basket Group Rankings


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Location Reviews

Cost of Living Review by City and Country

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International Cost of Living Help

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Nicaragua, All Areas
Overview

Nicaragua, All AreasNicaragua is in Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Costa Rica and Honduras. The climate is tropical in the lowlands and cooler in the highlands.

The official language is Spanish. Spanish is used everywhere, while English is used by many officials and business personnel particularly on the Atlantic coast. The Miskito language is spoken by Miskito Amerindians, especially along the Coco river. The main religion is Christianity.

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.

In Nicaragua it is expected to address people by their professional title and surname. If they do not have a professional title, refer to them as Senor (Mr), Senora (Mrs), or Senorita (Ms) and their surname. Expatriate business dress is generally conservative in the form of a suit and tie for men and a dress or skirt and blouse for women.

The security risk for expatriates in Nicaragua is medium. Risks include petty and opportunistic crime, armed robbery, carjacking, homicide and violent crime.

The currency of Nicaragua is the Nicaraguan Cordoba Oro (NIO). Banks can exchange US dollars. ATMs dispense US dollars and Cordobas.

Medical facilities are generally below international standards. Payment for treatment is usually required in cash and may be required up front. Some private hospitals will accept major credit cards for payment. Cases of Zika virus and Chikungunya virus have been reported.

The population of Nicaragua is 6.1 Million (2016 est.), while the inflation rate is 4.12% (Sept 2017).


Cost Of Living

The cost of living for expatriates / professional migrants in Nicaragua as at 1 October 2017 is very low in comparison to other places in the world.

In Nicaragua, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports):
1) Alcohol (where available) & Tobacco: Very Low
2) Clothing: Low
3) Communication: Low
4) Education: Low
5) Furniture & Appliances: Average
6) Groceries: Low
7) Healthcare: Very Low
8) Household Accommodation: Average
9) Miscellaneous: Low
10) Personal Care: Low
11) Recreation & Culture: Very Low
12) Restaurants Meals Out and Hotels: Very Low
13) Transport: Very Low

Nicaragua is for example -18.8% cheaper than USA for groceries, -14.8% cheaper for household costs than UK, and 23.6% more expensive for transport costs than India.

Nicaragua is ranked as a extreme hardship location.

The hardship premium for Nicaragua for an expat from Australia, is for example 30%, i.e. host location (Nicaragua) premium of 40% minus home (Australia) location premium of 10%.

Want to know more about cost of living, hardship (quality of living) or expat salary in Nicaragua? Register subscribe to your home location and Nicaragua and run your personalised reports.

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