Managua, Nicaragua: Cheapest cost of living in Latin America

In Latin America, Managua, Nicaragua is the cheapest city to live in according to study.

Managua is the city of Latin America with the lowest costs to live in the case of the foreign employees of multinational companies.

Nicaragua is also the second globally in a list of 214, according to a study prepared by Mercer, an investment in human resources consulting services company, with headquarters in New York.

The report places the cities of Sao Paulo, Rio de Janeiro and Brasilia as the most expensive cities in Latin America to live in.