Victory of the people
Nichalos is a rare spelling variant of the Greek name Nicholas. It is derived from the elements 'nike', meaning victory, and 'laos', meaning people. While the 'Nicholas' spelling is a perennial classic, this specific phonetic variation is extremely uncommon in the United States.
Less common today
Nichalos isn't in the latest US Top 1000. It last peaked at #3,064 in 1991.
US births per 5-year period, 1990βpresent (SSA data).