The Cheapest Cities for Expats to Live Around the World

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9. Managua, Nicaragua

Managua is one of those old, down at the heels, completely charming Latin American cities that resembles that past as if time simply stopped moving back in 1962. According to Numbeo, three bedroom apartments downtown can still be had for $466 a month. Or as the legendary Guy Lombardo and His Royal Canadians sang in a 1946 recording, “Managua, Nicaragua is a beautiful town/You buy a hacienda for a few pesos down”. Actually real estate prices are on the rise as it becomes more popular as a retirement destination and a place for expats to chill for a spell. Always warm, a cultural and financial center and a university town, it has cheap fine-dining, crazy markets, insane traffic, occasional garbage collection, and proximity to some impressive natural beauty. Guidebooks warn about wearing flashy jewelry at night, but the same be said of Cleveland.

Managua, Nicaragua

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