We’re Better Off in Costa Rica
Posted October 31st, 2008 by Christopher HowardI was watching the CBS Evening News last night and they mentioned that the average middle class person in the U.S. only has the equivalent of three months savings if he loses his job. Many people of retirement age are probably in a similar situation. Most have pensions but are basically living from check to check. Most of them are not aware that there is a solution to these economic woes - Costa Rica.
By moving to a country like Costa Rica you can reduce your month to month living expenses. For example, utilities are only a fraction of the cost of what they are in the States. I spend about forty dollars a month on water and electricity for my 1800 square foot home. One of the clients on my monthly retirement tours told me he spends about $700 per month on utilities for his home in Texas. He couldn’t believe what I spend.
My property taxes run about $130 per year and that includes garbage pick up. As a rule of thumb property taxes are a quarter of one percent of the declared value of your home.
Public transportation is dirt cheap. Your can go anyplace in the country by bus for under $12. You don’t need to have a car, so you will save money on repairs, insurance, annual fees and car payments.
Health care is also significantly more affordable. I insure my family for under $2000 per year through the private health care system. The public system is even more affordable for legal foreign residents.
Once you get settled here and know the prices you will be able to save even more money. When you consider most Costa Ricans get by with less than $1000 monthly the average retirement pension from the U.S. will seem like a fortune.


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