Nicaragua

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.