Living in Nicaragua on $500 a month?
Replies: 56 - Last Post: Dec 31, 2009 5:07 PM Last Post By: miamimikeshostel
Nov 9, 2009 5:41 AM
Nov 9, 2009 6:01 AM
1Read this article; http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20050220/NEWS01/502200390 This will be your new home and life.
Nov 9, 2009 6:29 AM
2I would say it depends on where in Nicaragua and how you like to live. My family and I certainly spend well more than that amount living in Granada but we rely on internet for work and so spend over $100 a month just to guarantee internet access (2 overlapping providers). Of course, many (most) Nicaraguans live on less than $500- and some, even less than what we spend on internet access. So everything is relative.
Nov 9, 2009 7:35 AM
Nov 9, 2009 9:49 AM
4Interesting article. But it is meaningless since these folks are actually bringing 500 dollars a month to Nicaragua. The debate should be about spending the money at someplace that employs lots of local people and that provides them with a decent standard of living.
Nov 9, 2009 2:05 PM
5Normally this question means:
"Can I live like I currently do with my creature comforts and Western toys but only spend $500 by moving to Nicaragua?"
If you mean:
"Can I live/survive in Nicaragua on $500?"
A: Yes. Most Nicaraguans do.
"Do you want to live like a Nicaraguan?"
Nov 9, 2009 7:43 PM
6If one has relatively a modest style of living, US$500/month will go pretty far. After all that is still ten times the AVERAGE per capita income in Nicaragua. CEPAD quotes "According to the World Bank, as cited by USAID, Nicaragua is now the poorest (in Western Hemisphere, which is hard to believe with Haiti), with an average per capita annual income of $430. The UN’s World Food Program estimates the per capita income lower still, at $300. Half the population lives on less than a dollar a day." Renting a house in a upscale part of Managua or on a beach would be out of your price range, but a simple 1-2 bedroom house with modern bathroom in Esteli might be rented for US$30-80 a month. A local woman would fix a meal a day and clean the house for US$30-40/month. A Yanqui would normally be expected to pay more, but it depends upon negotiating skills and circumstances. Times are very tough and steady employment is hard to find.
Nov 9, 2009 8:22 PM
7I would also add if youre able to speak decent spanish and communicate efficiently it would reduce your cost of living greatly.If youre willing to live like a Nica,Eat like they eat(Local products)live modestly in an OK neighborhood,Party with locals in places not frequented bu foreigners,use public Transport...Then Yes you can live on $500 a Month...if you need luxuries such as Imported food products,Beers,Foreign Clothing,The best drinks ext ext..then it wont..so it comes down to you and the type of lifestyle you need.Having Local friends who will negociate for you will help reduce cost aswell...
Nov 10, 2009 4:44 AM
8Take a look at the Canasta Basica of Nicaragua and this will give you a good view of basic subsistence costs and trends for products that are important to Nicaraguan barebones lifestyles which you will have to mimic. Do not own or bring anything of value as this amount of money will buy you little security. I say this in all seriousness. Good luck
Nov 10, 2009 10:12 AM
9Poster 1,8, thanks for sharing that article. I actually have more experience in Salvador than Nica, but just a year ago was in one of the barrios in Managua with my wife distributing clothes, toys and school supplies among the desperately poor inhabitants. We made three trips there until we were out of supplies to share with these very needy, very thankful folks. Contrarily, in the past week I've had two business associates ask me about retiring in Nica because they know I've spent a lot of time in that part of the world. They're both considering plunking down $100,000 on a $300,000 residence in a retirement community on the coast. I am VERY curious if this project is near Majagual or Madera as there was upscale development going on there last year when I was there camping and surfing. You are most observant re. Western expectations vs. the Latin American way of life. In my opinion, it is the rare gringo indeed who could come close to living like the locals
Nov 10, 2009 11:38 AM
Nov 10, 2009 11:54 AM
11BOOMER, My business buds, who have MUCH deeper pockets than I do, are highly unlikely to invest in this retirement Xanadu, no matter the price. They understand for the most part the cultural sacrifices one would make relocating full-time south of the border. While to retire (a term that's not part of my vocabulary as a member of the working poor)in Salvador or Nicaragua might work for me (I've been scooting around those parts for a month at a time for 25 years), even I recognize some lifestyle changes that I'd be faced with if I made such a move. Tal vez en la futura. In the meantime, I'm looking forward to starting the year off in Salvador and Guate.
Nov 10, 2009 12:53 PM
12http://www.photius.com/rankings/economy/inflation_rate_2009_0.html All politics aside the real enemy in any relocation scheme is how inflation is going to effect your dollars down the road. Our little haven of cheap living and entertaining happenings doesn't fare too well in projections. But when the going gets tough.....
Nov 10, 2009 4:04 PM
Nov 11, 2009 12:41 PM
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