Benefits to Costa Rica Retirement
With affordable medical care, manageable infrastructure, and a developing economy, Costa Rica is said to be the best retirement destination in the world and shows no signs of changing. Indeed, it is the Switzerland of Latin America as it has stable economy, tranquil surrounding and an easy-going lifestyle. If Costa Rica is on top of your retirement destination, below are some of the benefits of retiring there.
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. Living in Playa Hermosa, Costa Rica, for instance, you need not have a lot of money. Irrespective of the place you have chosen to stay in Costa Rica, taxes on any property is as low as 25%. Hence, you only need to have around $500 per month for a two bedroom rental home in Playa Hermosa. On the other hand, buying a smaller condo in Playa Hermosa, for instance, can amount to $70,000 but for the luxurious beachfront condos, you must have approximately $500,000 to acquire one.
Another reason why you should consider retiring to Costa Rica is that it has affordable medical care for everyone. Just like any other country, Costa Rica offers excellent medical services at an affordable rate. For example, most hospitals in Playa Hermosa have invested in the latest technologies similar to those found in the U.S., and you can rest assured that you will receive quality hospital services.
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. Proof of its track record lies in the very fact that the former President of the Republic, Oscar Arias Sanches won the Nobel Peace Prize in 1987 for his pivotal role in bringing peace to Central America. According to the U.S. Department of State, Costa Rica operates with a robust system of constitutional checks and balances.
Costa Rica is a developing country, but it has a flexible infrastructure. Not only will you find modern highways in metropolitan areas, but you will also find a vast range of states for roads and other kinds of infrastructure in Costa Rica.
Costa Rica is just a few hours away from Miami; thus you should consider retiring there. In fact, you need a 2.5-hour flight to get there. 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.