Nicaragua
• Central America
Overview
Nicaragua offers the lowest cost of living in Central America—52% below US costs with rent 80% cheaper. The Pensionado visa requires just $600-1,000/month proven income for applicants 45+, with duty-free imports up to $20,000 household goods and $25,000 vehicle. Granada and San Juan del Sur host vibrant expat communities where couples live comfortably on $1,500-2,000/month. Healthcare costs run 70% below US prices. After 4 years of residency (6+ months/year in-country), Nicaraguan citizenship becomes available—the passport ranks #44 globally with visa-free EU/UK/Russia access.
Visa Options
Pensionado Visa
For retirees 45+ with $600-1,000/month pension income. Duty-free imports: $20K household, $25K vehicle. No tax on foreign income. Path to citizenship after 4 years.
Rentista Visa
For those with $750/month passive income from investments, rental properties, etc. Similar benefits to Pensionado. Must spend 180 days/year in-country.
Highlights
- ✓Lowest cost of living in Central America—52% below US
- ✓Pensionado visa from $600-1,000/month income, age 45+
- ✓Healthcare 70% cheaper than United States
- ✓Path to citizenship after 4 years
- ✓Duty-free imports: $20K household goods, $25K vehicle
Considerations
- !Political instability and US sanctions on some officials
- !Limited English—Spanish essential for daily life
- !Basic healthcare—complex cases require travel to Costa Rica or US
- !Must spend 180 days/year minimum in-country
- !Banking access complicated by international sanctions