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

In the Cost of Living rating Nicaragua holds position #80 ²⁰¹² out of 90 and Monaco is #4 out of 90 ²⁰¹².
Position of Nicaragua is better than position of Monaco.
Monaco is leader of the "Cost of Living" rating. Living in Monaco is really expensive, compared to Nicaragua

Referencies:

1. Cost of Living ²⁰²² by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   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.

   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.

   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.

   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.

   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.
7. Cost of Living ²⁰¹⁶ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.
8. Cost of Living ²⁰¹⁵ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   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.
10. Cost of Living ²⁰¹³ by Numbeo

    The countries in the rating sorted by 'Cost of Living Index' in descending order.
11. Cost of Living ²⁰¹² by Numbeo

    The countries in the rating sorted by 'Cost of Living Index' in descending order.

    Monaco	'Cost of Living Index' value is	128.15
    Nicaragua	'Cost of Living Index' value is	48.31