Published: Monday, 21th October 2024
The cost of living in Nicaragua is 1.21 times less expensive as compared to South Korea.
On this page, you will find side-by-side cost comparison between Nicaragua and South Korea. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Nicaragua and South Korea.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 12,500 NIO (337.50 USD) | 800,000 KRW (600 USD) |
2 BHK Apartment in City Center ![]() | 17,500 NIO (472.50 USD) | 1,500,000 KRW (1,125 USD) |
3 BHK Apartment in City Center ![]() | 22,750 NIO (614.25 USD) | 2,500,000 KRW (1,875 USD) |
1 BHK Apartment outside City Center ![]() | 8,750 NIO (236.25 USD) | 500,000 KRW (375 USD) |
2 BHK Apartment outside City Center ![]() | 12,500 NIO (337.50 USD) | 1,000,000 KRW (750 USD) |
3 BHK Apartment outside City Center ![]() | 15,750 NIO (425.25 USD) | 1,500,000 KRW (1,125 USD) |
Mortgage Rates Per Month ![]() | 3 % | 3 % |
Realtor Commission ![]() | 5 % | 1 % |
Property Taxes ![]() | Yet to Update | 0.15 to 0.5 % |
The average housing cost in Nicaragua is 2.37 times less expensive than South Korea.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Basic Home Furnishing ![]() | 140,000 NIO (3,780 USD) | 2,000,000 KRW (1,500 USD) |
Electricity Cost Per Month ![]() | 2,800 NIO (75.60 USD) | 50,000 KRW (37.50 USD) |
Heating Cost Per Month ![]() | 1,750 NIO (47.25 USD) | 70,000 KRW (52.50 USD) |
Cooling Cost Per Month ![]() | 2,100 NIO (56.70 USD) | 40,000 KRW (30 USD) |
Water Supply Cost Per Month ![]() | 1,050 NIO (28.35 USD) | 20,000 KRW (15 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 143.91% more for Utilities.
The basic home furnishing in Nicaragua costs 2.52 times more compared to South Korea.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 1,750 NIO (47.25 USD) | 30,000 KRW (22.50 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 1,050 NIO (28.35 USD) | 30,000 KRW (22.50 USD) |
Landline Basic Plan Cost Per Month ![]() | 525 NIO (14.18 USD) | 10,000 KRW (7.50 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 700 NIO (18.90 USD) | 20,000 KRW (15 USD) |
The internet and communication costs 61.00% more in Nicaragua compared to South Korea.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 70 NIO (1.89 USD) | 4,000 KRW (3 USD) |
Milk (1 Liter) ![]() | 35 NIO (0.94 USD) | 2,000 KRW (1.50 USD) |
Water (1 Liter) ![]() | 17.50 NIO (0.47 USD) | 1,000 KRW (0.75 USD) |
Bread (500 gm) ![]() | 52 NIO (1.40 USD) | 2,500 KRW (1.88 USD) |
Eggs (1 Dozen) ![]() | 87 NIO (2.35 USD) | 3,000 KRW (2.25 USD) |
Cheese (1 KG) ![]() | 175 NIO (4.72 USD) | 8,000 KRW (6 USD) |
Chicken Breast (1 KG) ![]() | 245 NIO (6.62 USD) | 10,000 KRW (7.50 USD) |
In Nicaragua, the cost of 1 Liter Water and 1 Liter Milk is 1.59 times less expensive than the cost in South Korea.
If you lived in Nicaragua, instead of South Korea, you would have to pay 19.56% less for Groceries.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Apples (1 KG) ![]() | 87 NIO (2.35 USD) | 5,000 KRW (3.75 USD) |
Bananas (1 KG) ![]() | 52 NIO (1.40 USD) | 3,000 KRW (2.25 USD) |
Oranges (1 KG) ![]() | 70 NIO (1.89 USD) | 4,000 KRW (3 USD) |
Tomatoes (1 KG) ![]() | 52 NIO (1.40 USD) | 3,500 KRW (2.63 USD) |
Potatoes (1 KG) ![]() | 35 NIO (0.94 USD) | 2,500 KRW (1.88 USD) |
Lemons (1 KG) ![]() | 70 NIO (1.89 USD) | 5,000 KRW (3.75 USD) |
Onions (1 KG) ![]() | 52 NIO (1.40 USD) | 3,000 KRW (2.25 USD) |
Lentils (1 KG) ![]() | 87 NIO (2.35 USD) | 6,000 KRW (4.50 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 1.76 times less for Fruits and Vegetables.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 280 NIO (7.56 USD) | 12,000 KRW (9 USD) |
Three-Course Meal for Two ![]() | 700 NIO (18.90 USD) | 50,000 KRW (37.50 USD) |
Fast Food Combo Meal ![]() | 140 NIO (3.78 USD) | 8,000 KRW (6 USD) |
Normal Coffee ![]() | 70 NIO (1.89 USD) | 4,000 KRW (3 USD) |
Soft Drink ![]() | 35 NIO (0.94 USD) | 2,500 KRW (1.88 USD) |
Pizza for One ![]() | 280 NIO (7.56 USD) | 20,000 KRW (15 USD) |
Take-Out Delivery Meal ![]() | 280 NIO (7.56 USD) | 12,000 KRW (9 USD) |
Cigarette Pack of 20 ![]() | 175 NIO (4.72 USD) | 5,000 KRW (3.75 USD) |
Dining-Out costs 37.83% less in Nicaragua compared to South Korea.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 280 NIO (7.56 USD) | 30,000 KRW (22.50 USD) |
Glass of Wine ![]() | 175 NIO (4.72 USD) | 10,000 KRW (7.50 USD) |
Domestic Beer Half Liter ![]() | 52 NIO (1.40 USD) | 3,000 KRW (2.25 USD) |
Imported Beer Half Liter ![]() | 70 NIO (1.89 USD) | 4,000 KRW (3 USD) |
Domestic Alcohol 1 Liter ![]() | 245 NIO (6.62 USD) | 15,000 KRW (11.25 USD) |
Branded Alcohol 1 Liter ![]() | 525 NIO (14.18 USD) | 30,000 KRW (22.50 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 1.90 times less for usual hard drinks.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 1,050 NIO (28.35 USD) | 60,000 KRW (45 USD) |
Single Public Transportation Ticket ![]() | 35 NIO (0.94 USD) | 1,200 KRW (0.90 USD) |
Single Train Ticket ![]() | Yet to Update () | 70,000 KRW (52.50 USD) |
Domestic Airplane Ticket ![]() | 4,200 NIO (113.40 USD) | 200,000 KRW (150 USD) |
Taxi Start Fare ![]() | 70 NIO (1.89 USD) | 3,000 KRW (2.25 USD) |
Taxi Rate Per Kilometer ![]() | 35 NIO (0.94 USD) | 1,000 KRW (0.75 USD) |
Car Rental Per Day ![]() | 1,050 NIO (28.35 USD) | 70,000 KRW (52.50 USD) |
Parking Fees in City Center Per Hour ![]() | 35 NIO (0.94 USD) | 3,000 KRW (2.25 USD) |
Parking Fees outside City Center Per Hour ![]() | 17.50 NIO (0.47 USD) | 1,500 KRW (1.13 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 1.75 times less for transportation.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 525,000 NIO (14,175 USD) | 30,000,000 KRW (22,500 USD) |
Vehicle Registration Cost ![]() | 14,000 NIO (378 USD) | 200,000 KRW (150 USD) |
Driving License Fees ![]() | 1,400 NIO (37.80 USD) | 50,000 KRW (37.50 USD) |
Car Insurance Cost ![]() | 1,750 NIO (47.25 USD) | 500,000 KRW (375 USD) |
Car Maintenance Cost ![]() | 1,050 NIO (28.35 USD) | 150,000 KRW (112.50 USD) |
Car Loan Interest Rates ![]() | 10 % | 4 % |
Fuel Per Liter ![]() | 35 NIO (0.94 USD) | 1,500 KRW (1.13 USD) |
Fuel Per Gallon ![]() | 133 NIO (3.59 USD) | 6,000 KRW (4.50 USD) |
Average Toll Fees ![]() | Yet to Update | 5,000 KRW 3.75 USD |
You would have to pay 1.58 times less for Vehicle purchase, daily operation and maintenance in Nicaragua compared to that of South Korea.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Doctor Visit ![]() | 1,050 NIO (28.35 USD) | 70,000 KRW (52.50 USD) |
Specialist Visit ![]() | 2,100 NIO (56.70 USD) | 150,000 KRW (112.50 USD) |
Dentist Visit ![]() | 1,400 NIO (37.80 USD) | 80,000 KRW (60 USD) |
Eye Exam ![]() | 700 NIO (18.90 USD) | 60,000 KRW (45 USD) |
Mental Health Counseling ![]() | 1,400 NIO (37.80 USD) | 100,000 KRW (75 USD) |
Preventive Health Screening ![]() | 700 NIO (18.90 USD) | 80,000 KRW (60 USD) |
Physical Therapy ![]() | 1,050 NIO (28.35 USD) | 70,000 KRW (52.50 USD) |
Emergency Room Visit ![]() | 10,500 NIO (283.50 USD) | 150,000 KRW (112.50 USD) |
Hospital Stay Per Night ![]() | 4,200 NIO (113.40 USD) | 200,000 KRW (150 USD) |
Vaccinations ![]() | 525 NIO (14.18 USD) | 30,000 KRW (22.50 USD) |
Prescription Medication ![]() | 350 NIO (9.45 USD) | 20,000 KRW (15 USD) |
Over the Counter Medication ![]() | 175 NIO (4.72 USD) | 10,000 KRW (7.50 USD) |
Health Insurance Premiums ![]() | 7,000 NIO (189 USD) | 150,000 KRW (112.50 USD) |
Health Insurance Deductibles ![]() | 2,100 NIO (56.70 USD) | 30,000 KRW (22.50 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 1.00 times less for Health and Medical Treatment.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Cosmetic Procedures ![]() | 2,800 NIO (75.60 USD) | 500,000 KRW (375 USD) |
Spa Treatment ![]() | 1,400 NIO (37.80 USD) | 150,000 KRW (112.50 USD) |
Manicure Pedicure Cost ![]() | 525 NIO (14.18 USD) | 50,000 KRW (37.50 USD) |
Optical Glasses Cost ![]() | 1,050 NIO (28.35 USD) | 150,000 KRW (112.50 USD) |
Contact Lenses Cost ![]() | 700 NIO (18.90 USD) | 100,000 KRW (75 USD) |
Haircuts ![]() | 350 NIO (9.45 USD) | 20,000 KRW (15 USD) |
Hair Coloring ![]() | 700 NIO (18.90 USD) | 80,000 KRW (60 USD) |
Shampoo Price ![]() | 70 NIO (1.89 USD) | 4,000 KRW (3 USD) |
Toothpaste Price ![]() | 35 NIO (0.94 USD) | 2,000 KRW (1.50 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 3.84 times less for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 5,600 NIO (151.20 USD) | 100,000 KRW (75 USD) |
Men's Shirt ![]() | 1,750 NIO (47.25 USD) | 40,000 KRW (30 USD) |
Women's Dress ![]() | 2,800 NIO (75.60 USD) | 80,000 KRW (60 USD) |
Summer Dress ![]() | 2,100 NIO (56.70 USD) | 40,000 KRW (30 USD) |
Men's Suit ![]() | 8,400 NIO (226.80 USD) | 500,000 KRW (375 USD) |
Men's Jeans ![]() | 2,100 NIO (56.70 USD) | 60,000 KRW (45 USD) |
Women's Jeans ![]() | 2,100 NIO (56.70 USD) | 50,000 KRW (37.50 USD) |
Men's Formal Shoes ![]() | 4,200 NIO (113.40 USD) | 120,000 KRW (90 USD) |
Women's Formal Shoes ![]() | 4,200 NIO (113.40 USD) | 100,000 KRW (75 USD) |
Men's Casual Shoes ![]() | 2,800 NIO (75.60 USD) | 80,000 KRW (60 USD) |
Women's Casual Shoes ![]() | 2,800 NIO (75.60 USD) | 60,000 KRW (45 USD) |
Underwear For Men ![]() | 350 NIO (9.45 USD) | 10,000 KRW (7.50 USD) |
Underwear For Women ![]() | 490 NIO (13.23 USD) | 10,000 KRW (7.50 USD) |
Socks For Men ![]() | 140 NIO (3.78 USD) | 5,000 KRW (3.75 USD) |
Socks For Women ![]() | 140 NIO (3.78 USD) | 5,000 KRW (3.75 USD) |
Wintercoat for Adults ![]() | 3,500 NIO (94.50 USD) | 100,000 KRW (75 USD) |
Sportswear ![]() | 2,100 NIO (56.70 USD) | 50,000 KRW (37.50 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 1.16 times more for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Children's Jeans ![]() | 1,050 NIO (28.35 USD) | 30,000 KRW (22.50 USD) |
Children's Normal Sneakers ![]() | 1,750 NIO (47.25 USD) | 40,000 KRW (30 USD) |
Children's Winter Coat ![]() | 2,100 NIO (56.70 USD) | 60,000 KRW (45 USD) |
Daycare for Infant ![]() | 10,500 NIO (283.50 USD) | 300,000 KRW (225 USD) |
Daycare for Toddler ![]() | 8,400 NIO (226.80 USD) | 250,000 KRW (187.50 USD) |
Childcare for Sick Days ![]() | 1,400 NIO (37.80 USD) | 50,000 KRW (37.50 USD) |
Early Childhood Education Programs ![]() | 14,000 NIO (378 USD) | 500,000 KRW (375 USD) |
Extra Curricular Activities ![]() | 3,500 NIO (94.50 USD) | 100,000 KRW (75 USD) |
Summer Camp for Kids ![]() | 14,000 NIO (378 USD) | 200,000 KRW (150 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 1.33 times more for Childcare and kids clothing.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
PreSchool Fees ![]() | 17,500 NIO (472.50 USD) | 200,000 KRW (150 USD) |
Primary School Fees ![]() | 35,000 NIO (945 USD) | 500,000 KRW (375 USD) |
Secondary School Fees ![]() | 42,000 NIO (1,134 USD) | 700,000 KRW (525 USD) |
Private School Fees ![]() | 56,000 NIO (1,512 USD) | 1,000,000 KRW (750 USD) |
University Tuition Fees ![]() | 105,000 NIO (2,835 USD) | 2,000,000 KRW (1,500 USD) |
University Private Tuition Fees ![]() | 140,000 NIO (3,780 USD) | 4,000,000 KRW (3,000 USD) |
After School Activities ![]() | 3,500 NIO (94.50 USD) | 100,000 KRW (75 USD) |
Special Education Services ![]() | 28,000 NIO (756 USD) | 300,000 KRW (225 USD) |
Tutoring ![]() | 1,750 NIO (47.25 USD) | 50,000 KRW (37.50 USD) |
Textbooks Cost ![]() | 7,000 NIO (189 USD) | 100,000 KRW (75 USD) |
School Supplies ![]() | 2,100 NIO (56.70 USD) | 30,000 KRW (22.50 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 1.76 times more for school and education.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 175 NIO (4.72 USD) | 12,000 KRW (9 USD) |
Theater Ticket (Single) ![]() | 350 NIO (9.45 USD) | 30,000 KRW (22.50 USD) |
Concert Ticket (Single) ![]() | 525 NIO (14.18 USD) | 70,000 KRW (52.50 USD) |
Sports Event Ticket (Single) ![]() | 350 NIO (9.45 USD) | 50,000 KRW (37.50 USD) |
Gym Membership ![]() | 700 NIO (18.90 USD) | 80,000 KRW (60 USD) |
Swimming Pool Access ![]() | 350 NIO (9.45 USD) | 30,000 KRW (22.50 USD) |
Museum Entry Ticket ![]() | 175 NIO (4.72 USD) | 5,000 KRW (3.75 USD) |
Zoo Entry Ticket ![]() | 350 NIO (9.45 USD) | 10,000 KRW (7.50 USD) |
Amusement Park Entry Ticket ![]() | 525 NIO (14.18 USD) | 20,000 KRW (15 USD) |
Bowling ![]() | 175 NIO (4.72 USD) | 10,000 KRW (7.50 USD) |
Mini Golf ![]() | 175 NIO (4.72 USD) | 15,000 KRW (11.25 USD) |
Video Games ![]() | 1,050 NIO (28.35 USD) | 30,000 KRW (22.50 USD) |
Streaming Services ![]() | 350 NIO (9.45 USD) | 20,000 KRW (15 USD) |
Outdoor Equipment Rental ![]() | 350 NIO (9.45 USD) | 10,000 KRW (7.50 USD) |
Theme Park Annual Pass ![]() | 7,000 NIO (189 USD) | 150,000 KRW (112.50 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 1.19 times less for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Language Classes ![]() | 21,000 NIO (567 USD) | 200,000 KRW (150 USD) |
Parenting Classes ![]() | 4,200 NIO (113.40 USD) | 150,000 KRW (112.50 USD) |
Art Classes ![]() | 525 NIO (14.18 USD) | 25,000 KRW (18.75 USD) |
Fitness Classes ![]() | 350 NIO (9.45 USD) | 20,000 KRW (15 USD) |
Music Lessons ![]() | 700 NIO (18.90 USD) | 40,000 KRW (30 USD) |
Dance Lessons ![]() | 700 NIO (18.90 USD) | 30,000 KRW (22.50 USD) |
Reading Materials for Classes ![]() | 175 NIO (4.72 USD) | 10,000 KRW (7.50 USD) |
Educational Software ![]() | 5,600 NIO (151.20 USD) | 100,000 KRW (75 USD) |
If you lived in Nicaragua, instead of South Korea, you would have to pay 2.08 times more for Private Classes.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 28,000 NIO (756 USD) | 3,000,000 KRW (2,250 USD) |
Average Net Monthly Salary ![]() | 21,000 NIO (567 USD) | 2,400,000 KRW (1,800 USD) |
Minimum Wages ![]() | 350 NIO per hour (9.45 USD) | 83,333.33 KRW per hour (62.50 USD) |
Average Bonus ![]() | 10,500 NIO (283.50 USD) | 500,000 KRW (375 USD) |
Income Tax Rate ![]() | 0 to 15 % | 0 to 10 % |
Social Security Contributions ![]() | 10 % | 5 % |
Pension Contributions ![]() | 5 % | 5 % |
Cost of Living Index ![]() | 35 | 60 |
Median Household Income ![]() | 70,000 NIO (1,890 USD) | 2,500,000 KRW (1,875 USD) |
If you lived in Nicaragua, you would earn 1.81 times less salary as compared to South Korea.
![]() Indicators ![]() | ![]() Nicaragua ![]() | ![]() South Korea ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 1,050 NIO (28.35 USD) | 100,000 KRW (75 USD) |
Accounting Services Per Hour Rate ![]() | 1,400 NIO (37.80 USD) | 80,000 KRW (60 USD) |
IT Support Services Per Hour Rate ![]() | 1,400 NIO (37.80 USD) | 70,000 KRW (52.50 USD) |
Technician Services Per Hour Rate ![]() | 1,400 NIO (37.80 USD) | 60,000 KRW (45 USD) |
Professional Services cost 1.64 times less in Nicaragua, as compared to South Korea.
We hope you enjoyed the detailed guide on the cost of living comparsion between Nicaragua and South Korea.
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