Statement:
In Nicaragua the cost of living is lower than in Azerbaijan

In the Cost of Living rating Nicaragua holds position #80 2012 out of 90 and Azerbaijan is #40 out of 90 2012.
Position of Nicaragua is better than position of Azerbaijan.
Nicaragua is an outsider of the "Cost of Living" rating. Living in Nicaragua is not so expensive, compared to Azerbaijan

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 28.33
    Nicaragua 'Cost of Living Index' value is 37.17
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 30.04
    Nicaragua 'Cost of Living Index' value is 41.81
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 31.14
    Nicaragua 'Cost of Living Index' value is 43.70
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 29.81
    Nicaragua 'Cost of Living Index' value is 45.87
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 29.03
    Nicaragua 'Cost of Living Index' value is 44.45
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 31.93
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 29.10
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 42.20
    Nicaragua 'Cost of Living Index' value is 46.90
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 63.06
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 78.25
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 71.24
    Nicaragua 'Cost of Living Index' value is 48.31