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Cost of Living in Granada, Nicaragua | Expat Exchange
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Granada, Nicaragua

Cost of Living in Granada, Nicaragua

By Joshua Wood, LPC

Last updated on Jan 24, 2025

Summary: The cost of living in Granada, Nicaragua is relatively low compared to other countries. A nice one bedroom apartment in Granada can cost around $200 to $400 per month in US Dollars, while a nice two bedroom apartment can cost around $400 to $600 per month. Dinner at a moderately priced restaurant in Granada can cost around $10 to $15 per person in US Dollars.

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Cigna Global Health

Is the cost of living in Granada high?

We asked people how much they someone comfortably live on in Granada, they wrote:

"The cost of living in Granada is relatively low compared to other cities in the region. Basic necessities such as food, transportation, and housing are all quite affordable. Eating out at restaurants is also quite inexpensive, with meals costing around $3-5 USD. Utilities such as electricity and water are also quite affordable, with monthly bills typically ranging from $20-50 USD. Overall, Granada is a great place to live if you are looking for a low cost of living," remarked one expat in Granada.

"Live like a Nica on $500 a month or buy your expansive colonial home and entertain lavishly. We find we can live on around $1500 a month but emergencies do happen and that does not include flights back home. The world is different now with many things being fairly expensive now like gas, flights overseas, rising food costs, etc. We do have concerns on the falling dollar," explained one expat living in Granada.

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Will I save money living in Granada?

"It is easy to live simply and inexpensively here but it means no more traveling extensively unless you have a good retirement income. The question is the lifestyle you want to have," remarked one in Granada.

"Living in Granada can be significantly cheaper than living in the United States. The cost of living in Nicaragua is much lower than in the United States, with basic necessities such as food, transportation, and housing costing significantly less. Additionally, the Nicaraguan currency, the Cordoba, is worth much less than the US dollar, making it easier to stretch your money further. As a result, living in Granada, Nicaragua can be a great way to save money," explained one expat.

What is the average cost of housing in Granada?

If you are thinking about moving to Granada, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Granada varies depending on the type of accommodation and location. Generally, the average cost of a one-bedroom apartment in the city center is around $200 to $300 per month, while a two-bedroom apartment can cost up to $400 per month. Outside of the city center, the cost of housing is usually lower, with one-bedroom apartments costing around $150 to $200 per month and two-bedroom apartments costing around $250 to $350 per month," remarked one expat in Granada.

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What are typical rental prices for expats in Granada?

"The rental price for a nice 1 bedroom apartment in Granada is typically around $400 to $500 per month, while a nice 2 bedroom apartment can cost around $500 to $700 per month," wrote an expat living in Granada.

What appliances are typically included in a rental?

We asked foreigners in Granada what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Granada typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a microwave, dishwasher, and air conditioning. Depending on the property, other appliances such as a clothes dryer, water heater, and water filter may also be included," said one expat living in Granada.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Granada, Nicaragua
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