There are many questions when one compares one country to another as it relates to cost of living.
Here are two links to Latin America nwebsite that provide details that will help expats determine cost of living.
Use this index:
the cost of index for Costa RIca is 105 and Panama is 110
Here are some specific details on our cost of living in Nicaragua:
And here is one related to cost of owning real estate in various countries of the world: