Costa Rica took the top spot this year in InternationalLiving.com’s 2021 Annual Global Retirement Index. which scores the world´s top 25 retirement destinations across 13 categories, including, including cost of living, governance, retiree benefits, climate and healthcare, among many other aspects that are important for those looking for a place to retire. It also topped the healthcare category.
“Earning the nickname “Switzerland of Central America,” this peace-loving democracy attracts millions of visitors and foreign residents throughout the year with its tropical climate; lower cost of living; friendly locals; affordable medical care; vast real estate options; and, of course, its natural beauty.
“Retirees that have moved to Costa Rica will tell you they are living a much healthier lifestyle than before they moved,” says Kathleen Evans, International Living Costa Rica Correspondent.
“Perhaps it’s the beautiful weather that beckons you to enjoy the outdoors. Or maybe it’s the massive selection of fresh, locally grown fruits and vegetables at your fingertips. Or it could be the strong local communities that make it really easy to forge new friendships.
“One of the things you hear often from expats is how warm and welcoming the ticos (Costa Ricans) are,” Evans says. “They are wonderful people, eager to share the magic of their culture, food, and traditions with foreigners. You will also find engaging international communities of expats who will help you through the process of acclimation.”
That’s another bonus: expats needn’t be pioneers in Costa Rica. There are well-established expat communities throughout the country. Things are “set up” so to speak, when it comes to shipping household goods, using the healthcare system, buying property, and more. And by following this well-trodden path, the transition to a new life can be much easier.
Costa Rica is a country where the older generation is treated with respect by custom.
And things like head-of-line privileges at banks and government offices are inscribed in the law. But there is also a government program available to those age 65 or older that gives discounts on a variety of products and services.
“Being ‘Viejo’ or old is a rite of passage, a badge of honor in Costa Rica,” says Evans. “And you will see simple things like seniors going to the front of the line—any line, enjoying special early shopping hours, free bus rides, and the Ciudando de Oro or Golden Citizen card.”
Cost of living, of course, depends on lifestyle. But in many ways Costa Rica is much more affordable than the U.S. and Canada.
“A couple can live comfortably, but not necessarily extravagantly, here for around $2,000 a month,” Evans says. “This includes renting a two-bedroom home with North American amenities, air conditioning, plus groceries, entertainment, transportation, and healthcare. If your monthly budget is closer to $2,500 to $3,000, you will find a relaxed lifestyle with every comfort you require.”
“The residency process in Costa Rica is also very straightforward,” Evans says. “For expats, there are three initial options. Choosing any of these programs, allows you to file jointly, as well as claim any dependent children under the age of 18 (up to 25-years old if enrolled in a university).”
The Pensionado option requires proof of $1,000 per month minimum income from a life-long pension or social security.
The Rentista program requires proof of $2,500 per month income for at least two years, guaranteed by a banking institution. Or you can deposit US$60,000 in an approved Costa Rican bank.
The third option is the Investment program. The applicant needs to prove they have invested a minimum of $200,000 in a business or property here in Costa Rica.
After three years of one of these statuses, one can apply for permanent residency (those married to a Costa Rican or have a child born in Costa Rica can apply to this category immediately).
With 97 points, Costa Rica is the highest-ranking country in the healthcare category of the Annual Global Retirement Index 2021.
“One of the reasons Costa Rica is so appealing for retirees, and expats in general, is because of the low cost, excellent healthcare options,” says Evans.
Costa Rica provides some of the best healthcare options in Latin America for its citizens and residents. The World Health Organization (WHO) places Costa Rica in the top rankings for life expectancy and the United Nations (UN) ranks the country’s public healthcare system in the top 20 worldwide.
The country has three JCI certified medical centers in the nation’s capital, San José. This is the highest worldwide accreditation which medical centers can receive based on a scale of various criteria.
The country operates in public and private systems with both regularly experiencing upgrades in equipment, new clinics, and improved training. Many of the country’s doctors work in both sectors, have studied in North America or Europe, and most in the private field speak English.
Pura Vida is a common Costa Rican phrase. Although it translates to “pure life,” this definition merely scratches the surface of a phrase deeply woven into Costa Rican culture, and used to convey anything from “hello” and “goodbye,” to “great news,” “cheers!” and countless declarations in between.