5. Costa Rica

Ask any new (or established) expat in Costa Rica about their decision to move there and you will most likely hear the word “magical” woven into their response, writes IL correspondent Kathleen Evans.

Foreigners continue to arrive in waves (over 10% of the 5 million+ inhabitants are expats) to find their own mode of magic in Costa Rica. Perhaps it is the tropical climate, the abundance of nature, or the friendly locals. Or the numerous real estate options just about everywhere habitable. With a lower cost of living, ease back and forth to North America, and affordable medical care, it is not surprising that Costa Rica remains firmly near the top of international retirement lists.

For those looking to steer clear from an increasingly divided world, Costa Rica offers stability in an oft-unstable region. This republic is also internationally recognized for its commitment to the environment—with roughly a quarter of its land protected as national parks and wildlife refuges. And operating 98% on renewable energy most years.

When the government abolished its army in 1948 the world took notice—earning Costa Rica the nickname the “Switzerland of Central America.” That military budget was pledged to education and healthcare, resulting in education for all and a First-World literacy rate. Plus, healthcare access for all citizens and legal residents with one of the top-rated public healthcare models in Latin America.

There are two healthcare systems within Costa Rica—public and private. Once you have acquired your residency under one of the typical programs (Pensionado, Rentista, or Inversionista), you pay approximately 13% to 15% of your reported monthly income into the Caja Costarricense de Seguro Social healthcare system (Caja for short). This national medical program is available to legal residents without copays, pre-existing exclusions, or age disqualifications.

A couple can live comfortably, but not necessarily extravagantly, for approximately $2,500 to $3,000 a month. This includes renting a two-bedroom home/condo with North American style amenities, air conditioning, plus groceries, entertainment, transportation, and healthcare. If your monthly budget is over $3,000, you will find an even further enhanced lifestyle.

Perhaps a part of Costa Rica’s magic is living a healthier lifestyle. This diverse country offers endless ways to keep active outdoors—such as fishing, surfing, snorkeling, golfing, hiking, horseback riding, pickleball, and yoga. Healthy diets are also part of the equation with choices of locally grown tropical fruits, vegetables, organic eggs, abundant seafood, and grass-fed beef. It is no surprise to hear reports of expats having shed unwanted weight, lowering their blood pressure, and taking fewer prescription drugs.

Since the pandemic, Costa Rica has created new initiatives to help expats invest, sample life there, and acquire residency including the new digital nomad visa and an updated law to attract retirees.

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