Granada, GR, Nicaragua
Nicaragua's oldest colonial city, a stunning lakeside gem with colorful architecture and a lively tourism scene.
Below Average vs Nicaragua Avg (100)
Above Average
Household income
Job market health
Granada vs Nicaragua Average
Taxes
- Income Tax: 30.0%
- VAT: 15.0%
Economy & Jobs
- Median Income: C$160,000
- Unemployment: 7.0%
- Population: 120,000
Climate
- Sunny Days: 250/year
- Summer High: 90°F
- Winter Low: 70°F
Housing
- Median Home: C$2,000,000
- 1BR Rent: C$10000/mo
Cost of Living
Granada's cost of living index is 100 (Nicaragua average = 100).
| Category | Granada | National Average | Difference |
|---|---|---|---|
| Overall | 100 | 100 | 0.0% |
| Housing | 120 | 100 | +20.0% |
Data source: INIDE / Numbeo, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | C$2,000,000 |
| Median Rent (1BR) | C$10000/mo |
| Median Rent (2BR) | C$12,500/mo |
| Price per Sq Ft | C$1,333 |
Data source: Encuentra24 / Numbeo, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Granada:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | C$800 | Based on ~200 kWh/month typical Nicaraguan household usage |
| Heating & Cooling | N/A | Estimated based on local climate. electric or gas heating |
| Cooling (AC) | C$958 | Estimated based on local climate and electricity rates |
| Water | C$300 | Includes sewer |
| Internet (100+ Mbps) | C$600 | Broadband average |
| Garbage / Trash | C$200 | Private service |
| Total Utilities | C$2858 | Monthly estimate (including heating & cooling) |
Data sources: INE, ENEL, Tigo 2025
Best Neighborhoods
Downtown Granada
The heart of the city with restaurants, shops, and entertainment. Average rent: C$12,000/mo.
Granada Heights
Trendy area with local businesses and a mix of historic and modern housing. Average rent: C$11,000/mo.
East Granada
Up-and-coming neighborhood with new developments and young professionals. Average rent: C$9,000/mo.
West Granada
Family-friendly area with parks and good schools. Average rent: C$9,500/mo.
Remote Work Score
Granada scores —/100 for remote work readiness:
Climate
Granada has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 90°F | 70°F | 2.5" |
| April | 75°F | 85°F | 2.8" |
| July | 90°F | 65°F | 1.5" |
| October | 70°F | 88°F | 2.2" |
Taxes
- Income Tax: 30%
- VAT: 15%
- Property Tax: ~1.2% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 7.0%.
Crime & Safety
Crime rates in Granada per 100,000 residents:
City-level crime data is not available for this location. The figure shown is the national average, which may differ significantly from actual conditions in this city.
Data source: UN Office on Drugs and Crime
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Granada, GR, Nicaragua?
The cost of living index in Granada is 100, which is Lower the Nicaragua national average of 100.
How much does it cost to buy a home in Granada?
The median home price in Granada is C$2,000,000. The housing index is 120.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Granada is approximately C$10000/mo.
Does Granada, GR have income tax?
Granada is in GR, which has an income tax rate of 30%.
What is the climate like in Granada?
Granada enjoys approximately 250 sunny days per year. Summer highs reach around 90°F, while winter lows can drop to around 70°F.
Data Sources
- Cost of Living: INIDE / Numbeo, 2026
- Housing Data: Encuentra24 / Numbeo, 2026
- Income & Employment: INIDE Labour Force Survey, 2024
- Utilities INE, ENEL, Tigo 2025
Data last updated: July 19, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.