Good article on the Huff Post by Suzan Haskins and Dan Prescher.
Nicaragua offers the lowest cost of living in Central America, and no… there is not a war going on. That ended more than 25 years ago. Today, Nicaragua enjoys a stable democracy and was ranked in a recent Gallup Poll as the safest country in Central America. The Economist Intelligence Unit says Nicaragua is one of the safest countries in all of Latin America.
By some estimates, as many as 1,000 expats call Granada home — a socially active group that enjoys cultural events, outdoor activities, and volunteer endeavors… and a place where a couple can live quite comfortably for much less than they would pay in the U.S.
Renting a comfy spot long-term to explore from can cost as little at $500 per month for a condo with a community pool.