Can a retiree from usa living in Leon or Granada in relitive comfort on 1000 dollars monthly?
Since no one else has responded, I thought I would give you what little insight I can. We are planning to visit Nicaragua this winter but haven't been there before.
We typically go to Central American countries because we prefer them for a variety of reasons. Personally, I would love to retire in Panama (a long way off for me but you never know). I have done quite a bit of research into buying property there. I suspect that Nicaragua is actually cheaper than Panama. In Panama you could easily live well for something like $500 USD a month. There are no real estate taxes and property is extremely reasonable (although prices are going up with the influx of tourism). The cost of living in Panama is so cheap (food, lodging, clothing, etc. etc.) and it is an absolutely beautiful country with much to offer. Costa Rica is nice too but accommodation isn't nearly as cheap. Another bonus if you buy property in Panama is that you could make a tidy profit at some point in the future as real estate prices are appreciating rapidly.
As I understand it, the cost of living in Nicaragua would be cheaper as I said. Nicaragua doesn't yet have the resources that Panama has nor has the real estate there become as popular. From what I've seen you could buy a place there quite cheap and everything else like food, clothes, etc. is likely comparable to Panama or maybe even cheaper.
Frankly, I just can't understand why anyone would want to retire in Florida when there are so many wonderful opportunities in Central America for a fraction of the cost with guaranteed better weather. I know there are several websites dealing with retirement options in Panama. Perhaps there are similar sites for Nicaragua?
Thanks for the very good info. I have been doing a lot of research for my retirement. I had in mind being in CA shortly, but family illness has put off the trip for now. Have no idea what the fuel prices will do to airfare later, but I'' worry about that later and study my spanish . Many thanks for the reply. Glenn