Why Do 6,000 US Citizens Choose to Live in Nicaragua? The Pros, Cons, and Cost of Living.

Discover the pros and cons of living and retiring in Nicaragua. We explore the low cost of living, real estate opportunities, tax advantages, and diverse leisure activities that make it an attractive destination.
From the colonial charm of cities like León, Granada, and Matagalpa, to the practical considerations of healthcare, safety, and infrastructure, we cover aspects that you need to know.
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🔴 ** ABOUT THE CHANNEL ** From ten years living as an expatriate in the Middle East, South America, and Eastern Europe, to the best advice we wish we had before boarding. All that in two straightforward, no-nonsense guides for every expat.
💡 TOPICS IN THIS VIDEO 💡
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🔎 EXCERPT
Today you will discover an unexpected destination visited by over 60 thousand Americans every year, and 10% of this number decided to stay there permanently!
Stick around as we reveal the pros, cons, and costs of this almost hidden gem for expats: Nicaragua!
Let's start with the pros.
1st - The Cost of Living
The affordability of Nicaragua is particularly enticing for retirees on fixed incomes. The cost of living is nearly 50% lower than in the U.S., with rental prices averaging 84% less.
You hear it right: 84% less. This is especially appealing for U.S. citizens looking to make their money stretch further and enjoy retirement in a beach property with jaw-dropping views.
In the final part of this video, we will talk more about the extremely low cost of living in Nicaragua, and prepare to be surprised.
2nd pro: Property Investment
Nicaragua might be one of the easiest places in Central America to buy real estate. For starters, you don’t need to be a citizen to buy property, Real estate is very affordable, and there is an increase in spending on infrastructure and growth within the tourism sector. All that together makes investing in property a worthy business venture.
3rd pro: Out-of-country earnings are not taxed
If you live in Nicaragua and get money from outside the country (for example: your pension fund) and put this money in your Nicaraguan bank account, you don’t have to pay income tax on it.
Yes, you read it right. Your income from abroad is tax-free if you receive the payment in your personal account.
4th pro: Variety of Things To Do
Nicaragua has a huge range of things to do, there is something for every lifestyle.

[@JChica3628]

The amount of private medical insurance is exaggerated, I call the Embassy of Nicaragua because I am planning to retire there,. The Embassy told me it will cost me $49.00 dollars a month & I can go to the best Hospitals with that insurance such as the Military Hospital. I will advise anyone who wants to retire in Nicaragua to call the Nicaraguan Embassy of their country.

[@chrisowen403]

What website are you looking at the house on 7:38? My wife and I are moving to Nicaragua this year and would like to start looking at houses. Thanks for the video!

[@the_expat]

Hello! This one here: nicaragua-realestate.com/properties-for-rent/

[@Brent-ox8lk]

Is this a vid by someone that's never even been there?

[@rachelefeighan2797]

Promo SM

[@Elmagnifico507]

This guy sounds like a dag gum furriner lol 🤣

[@the_expat]

Well, the name of the channel is literally "The Expat" :)

[@larsstolz]

"foriners"... i give up

[@the_expat]

Good 👍

[@kettacary]

😂😂😂😂

[@ken-cd7gc]

wonderful country if you can handel the poverty, pollution, and polatics, be very careful where you go

[@the_expat]

That is a valid point indeed.

[@Briava-cv4us]

Mean Nicaragua is not comunist

[@the_expat]

That is up for discussion, but I would say it is not. It is not a full market economy either.

[@wparro6009]

Not mean either

[@mazhar13gmail]

4:09 to 4:14 - not a scene from Nicaragua! Looks like some Asian country!