What are the pros and cons of retiring in Costa Rica?

What is the downside to living in Costa Rica?

Though many aspects of Costa Rican living are decidedly first-world, the roads are not among them. Potholes, dips and cracks mark the roads so severely that cars can be damaged driving over them. Locals drive quickly and dangerously, passing where it is not safe to do so and not respecting the right of way.

Is it safe for Americans to retire in Costa Rica?

In the 2020 Global Peace Index, Costa Rica is ranked 32 out of 163 countries when it comes to overall peace. It is considered the safest country to live in Central America, however, it is still a Third World country, as the poor outnumber the middle class and the rich.

Can I collect Social Security if I move to Costa Rica?

U.S. Citizens and Resident Aliens Abroad may need to file and pay taxes to earn Social Security Credits from their work. If you are not a U.S. Citizen or Resident Alien then you do not qualify to pay Social Security credits while living abroad.

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Is Costa Rica a good country to retire in?

Costa Rica has natural wonders, intriguing wildlife and an affordable cost of living. … Costa Rica’s cost of living can feel very affordable to retirees relocating from the U.S. This country has been a popular place to retire overseas for over 40 years.

What’s bad about Costa Rica?

In Central America and The Caribbean overall, Costa Rica is ranked the number one most peaceful country in the region out of 12. However, the homicide rate increased from 11.9 homicides per 100,000 people to 12.3 in the last year, and crime is still a significant threat to travelers in Costa Rica.

Why you shouldn’t go to Costa Rica?

Reason not to visit: If you are into nightlife such as clubbing or late nights in general, Costa Rica may not be the best destination for you. Most bars at resorts close by 10pm and most public bars close by midnight unless you are staying in places such as Tamarindo, San Jose, Puerto Viejo or Jaco.

What is the average cost of a home in Costa Rica?

Cost Comparison Chart:

United States v/s Costa Rica United States Average ($) Costa Rica Average ($)
Housing (comparable 3 bedroom, 2 bath) $1000-3000 $500-1200
Gasoline (per gallon of regular) $3.00 $5.00
ADSL Internet monthly (1024/512 kb/sec) $34.95 $28.25
Home Phone Service (basic monthly fee) $29.95 $7.00

How much money do you need to retire in Costa Rica?

Cost to Retire in Costa Rica

The average retiree can expect to spend around $1,500 per month or $18,000 a year. Couples can live well on $2,000 a month.

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Are taxes high in Costa Rica?

Residents pay Costa Rican income tax at relatively low rates on a scale of 1% to 25%. Non-residents (including Americans who spend less than 183 days a year in Costa Rica) are also subject to a flat withholding tax on any Costa Rican income they may have, at either 10%, 15%, or 25%, depending on the income type.

How long can a US citizen live in Costa Rica?

US passport must be valid for a minimum of one day from the day you enter Costa Rica. As a tourist US nationals cannot stay more than 90 days. For a stay longer than 90 days a residence permit must be established.

What is healthcare like in Costa Rica?

Costa Rica boasts a universal healthcare system called Caja Costarricense de Seguro Social (CCSS), commonly referred to as the “Caja.” This system offers 100% coverage for all medical procedures and prescription drugs, through the public hospital and clinic system, to citizens, permanent residents, and visitors for a …

How many Americans live in Costa Rica?

As many as 50,000 Americans live in Costa Rica, according to the U.S. State Department. And many of them are Baby Boomers flocking to the country’s tropical beaches to retire. They’re drawn to Costa Rica’s biodiversity, the political stability, and its cheap health care.

Why you shouldn’t retire in Costa Rica?

Reasons not to retire in Costa Rica include the country having a lot of rain, and not having real summer or winter due to its proximity to the equator. Despite being one of the world’s safest countries to visit, crimes do exist there. It is also not a cheap place to settle down in.

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What should I avoid in Costa Rica?

Things You Should Never Do While Visiting Costa Rica

  • Leave valuables unattended. Unfortunately, one of the most common crimes in Costa Rica is theft. …
  • Go to the beach at night. …
  • Buy drugs. …
  • Speed. …
  • Swim in front of a surf break. …
  • Take a dip in the river. …
  • Think you can get a base tan. …
  • Skip out on mosquito repellent.

What natural disasters can happen in Costa Rica?

Costa Rica is prone to a number of natural disasters including earthquakes, landslides, floods and even tsunamis. Stay Informed – Register with the free Smart Traveler Enrollment Program(STEP) to ensure you receive travel alert or travel warning messages.