Costa Rica – the Top Preferred Retirement Destination Across the Globe
Costa Rica has reasonable health care rates, good infrastructure, and low property taxes and for these reasons alone, it has become the most chosen retirement destination by most people. Actually, it is considered as the Switzerland of Latin America due to its serene setting, tropical beauty and laid-back standard of living. If you are considering retiring to Costa Rica, here are some of the reasons why it should be your preferred retirement destination.
One of the reasons why you should consider Costa Rica as your retirement destination is because it has a low cost of living despite the fact that there are so many people living there. You only need a little sum of money to live in Playa Hermosa, Costa Rica as it is very affordable. Regardless of which town you want to settle in, Costa Rica’s property tax is very low and can be approximated to be 25%. Therefore, if you want to rent a property there, a two bedroom home in Playa Hermosa, for instance, can amount to $500 on a monthly basis. However, if you want to purchase a condo in Playa Hermosa, for example, you can find smaller condos situated away from the coastline at about $70,000 and for luxurious beachfront condos, you can get them at $500,000 or more.
The affordability of medical care in Costa Rica is another reason that should make you choose it as your preferred retirement destination. The country has excellent medical facilities that are comparable to what other countries provide. For instance, most healthcare centers in Playa Hermosa have the right medical equipment and tools that are needed to any medical procedure; so you are certain that the medical services you are likely to get are topnotch.
The fact that Costa Rica has been without a military for over 60 years means that it is one of the most peaceful countries throughout the world. In fact, its peaceful coexistence can be dated back in 1987 when its former President, Oscar Arias Sanches was awarded a Nobel Peace Prize for his notable efforts to bring peace to Central America. The U.S. Department of State has recognized Coats Rica for having a robust network of constitutional bills and stabilities.
While it is a growing economy; Costa Rica has a manageable infrastructure. Not only does the country possess modern highways in metropolitan areas, but it also has manageable roads and other types of infrastructure.
Costa Rica is just a few hours away from Miami; thus you should consider retiring there. As a matter of fact, you need 2.5 hours to arrive in Miami if you travel by air. For this reason, it becomes easier to travel from Costa Rica to the U.S. However, you should have the right paperwork to move through customs.