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Americans Seek Affordable and
Exotic Retirement Living
Today, much of America's present
and past workforce is looking to
Costa Rica for retirement
living. The exotic country is
gaining attention for its
natural beauty, low cost of
living and high quality of life.
If desired, American retirees
can even start a new career
during their time in Costa Rica.
Many of America's retirees are
spending their nonworking days
in Costa Rica. Initially drawn
by the country's magnificent
landscape and weather, retirees
often remain in the country for
many other reasons.
Cost of living and property are
reasonable. The tropical climate
eliminates the need for air
conditioning and heat and the
natives are welcoming to
American retirees.
Cost of living in neighboring
countries Honduras and Nicaragua
is slightly less than Costa
Rica, but so is the quality of
life. In Costa Rica, a monthly
income of only us$900 to us$1200
affords a middle-class American
standard of living. Retirees
with over us$2,000 per month can
typically live a rather
luxurious lifestyle.
Much of this is due to the
strength of Costa Rica's
currency and the dollars
purchasing power.
A full-time maid costs less than
us$300 each month. Costa Rican
utilities, such as electricity
and water, are one-third the
price of North American
utilities. Traveling across the
entire country using public
transportation is no more than
us$10. The country's capital
(San José) has some of the least
expensive goods and services in
the world.
Retired persons can also begin
second careers in Costa Rica.
The development of new small
businesses is welcomed and
encouraged. In general, cafés
and retail stores that sell
fresh fruit are among the most
popular options that afford
long-term financial stability
and feasibility.
As a result, Costa Rica real
estate is gaining increased
attention from American retirees
and other individuals looking to
purchase real estate in a
foreign country. This has caused
Costa Rica property prices to go
up in recent years. However,
Costa Rica has not adjusted to
property values, and the cost of
living remains much lower than
America, Europe or Canada.
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