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Retirement in Costa Rica |
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COSTA RICA
There is a popular belief that Virgin Mary came to Costa Rica never to return back to heaven as the place was so beautiful. Well, this is what Costa Rica is! It is one of the popular countries in Central America and is a popular tourist destination. It also a major center for medical tourism as high quality medical facilities and services are available in the country. The country is surrounded by Nicaragua and Panama. Costa Rica has a lovely coastline and is bordered by the Caribbean Sea and Pacific Ocean as well. It is home to diverse species of flora and fauna.
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Is Costa Rica an ideal retirement destination?
- The slow pace of life in Costa Rica and a tropical climate make it one of the favored retirement destinations outside the US.
- When it comes to value for
money Costa Rica is one of the best retirement
locations outside the US. The grocery bill in the
country is at least 15% lower than that of the US.
While the housekeeper will charge you $2 to $3 per
hour, you can have your hair cut for less than $3. You
can't think of such a low cost of living in the US.
- If you are bothered about high tax rates in the US, Costa Rica is a good place to move to. As a retiree, you need to pay just a few hundred dollars a year for a house which costs between $150,000 and $200,000.
- While in Costa, you do not need to
worry about the quality of Healthcare services. It has one of
the longest life expectancies in the world. There are more
than 32 government-sponsored hospitals and around 280 clinics
around the country.
- Buying and renting property in
Costa Rica is also very cheap. An average –sized home in San
Jose comes for about $100,000. The average home price is
around $150,000 depending on the location and facilities.
The small houses in Cartago and mountain towns cost as
little as $40,000.
Pros: More than 50,000 U.S. citizens have settled in Costa Rica. The government of Costa Rica has an open-door policy for North American retirees with many tax sops.
Cons: The crime rate is on the higher side, and traffic can be a problem.
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