For many
years, Costa Rica has topped the charts as one of the world’s
most attractive retirement destinations. Thanks to its convenient location,
comparatively low cost of living, and modern health care system, Costa
Rica continues to draw thousands of retirees each year who transition
into the pura vida lifestyle that epitomizes this Central
American nation.
Peaceful
and Stable: Rest easy in the knowledge that Costa Rica is one of Latin
America’s most stable countries. For more than 60 years, Costa Rica has
prospered peaceably without an army, with democratic presidential elections
held every four years. With no military to speak of, government funds are
poured into education and environmental conservation. Costa Rica has a large,
educated middle class and enjoys relatively low crime rates.
Proximity
to North America: What many don’t realize is just how close Costa Rica lies to
the continental U.S. A direct flight to Miami takes just over two hours;
Houston is less than four hours away, and Los Angeles can be reached in five
and a half hours. This convenient location means quick and easy travel for
visiting friends and family.
Excellent
Medical Care: The United Nations ranked Costa Rica’s public health system
within the top 20 worldwide. As a legal resident of Costa Rica, you’ll be
required to pay into this system ($30-50 per month), known as the Caja.
Benefits include yearly check-ups and some prescription medications, in
addition to preventive care like dental exams. Many retirees opt to supplement
with private insurance ($70-$150 per month), which gives you access to the
country’s top private facilities, known for their highly-trained bilingual
staff and cutting-edge technology.
Mild
Weather: No more bitter winters or shoveling snow! For temperate spring weather
year-round, consider moving to the Central Valley, where daytime temperatures
hover in the mid 70′s and rarely soar above 85º F. The country’s diverse
geography equals distinct microclimates and weather patterns; choose from balmy
beach warmth, Cool Mountain living, or the moderate climate found around San
Jose and the Central Valley.
Better
Quality of Life: Leave the rat race behind and savor the laid-back lifestyle
known as pura vida in Costa Rica. Costa Ricans report the highest life
satisfaction in the world and have the second-highest average life expectancy
of the Americas. Enjoy life’s simple pleasures: spending time with new friends,
buying healthy produce at the local farmers’ market, or just enjoying the great
outdoors.
Established
Expat Community: An estimated 50,000 U.S. citizens reside in Costa Rica, which
means a built-in welcome committee in nearly every city and town. Keep an
active and fulfilling social life by joining the local birding club, bridge
association, theatre group, or hiking club.
Low Cost of
Living: Despite rising food and gasoline prices, Costa Rica still offers more
bang for your buck. If you live simply by cooking in and using public
transportation on occasion, your Social Security pension or nest egg savings
will stretch much further. House rentals can be had for as little as $250 a
month and labor and service costs are a fraction of their North American
counterparts. A budget of $1500 or less monthly will afford you a comfortable
lifestyle.
Natural
Beauty: Whether you fancy country living, ocean breezes, or the buzz of city
life, Costa Rica’s diminutive size – about the same as West Viginia – means
easy access to volcanoes, mountains and beaches within a day’s drive. Immerse
yourself in nature amid the country’s numerous parks and reserves; more than
25% of the country is protected land, so you can explore and enjoy its abundant
natural wonders.
Affordable
Real Estate: From dazzling beachfront properties to cozy chalets in the
countryside, Costa Rica’s real estate market continues to expand with
opportunities to rent or buy some fabulous pieces of paradise. Buying real
estate in Costa Rica is a safe venture, thanks to the country’s protective laws.
Foreigners enjoy the same rights as do Costa Ricans in terms of property
ownership. Stick to lesser-known towns and avoid tourist areas for the best
deals, and always rent before you buy to test-drive your potential new home.
Simple
Residency: With proof of $1,000 in monthly income, you’re on your way to
becoming a pensionado – Costa Rica’s easy residency for North American
retirees. The requirements are minimal: live in Costa Rica at least four months
per year and pay into the local public health care system. You’re allowed to
own a company and collect income, as well claim your spouse and dependents
under the age of 18.
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