Costa Rica is a small country of around 4.5 million people in Central America. With beautiful natural settings and the possibility for a healthy lifestyle, Costa Rica has become a popular destination for tourists and expats. While the cost of living in Costa Rica may be less than in a typical U.S. city, it’s actually one of the more expensive places to live in Latin America and Central America.
As in many countries, the cost of living in Costa Rica varies depending on what region you are in. If a family of two lives in a sparsely populated area, they may be able to get by with $1,500 or less a month. This includes rent, utilities, transportation and the Internet. However, someone living in an expensive condo in the Central Valley would hypothetically spend considerably more.
There are a few factors that make the cost of living in Costa Rica less than the U.S. First, housing is much more affordable. Nice homes are available in great locations with reasonable prices.
Second, the government provides high-quality and low-cost medical care. Costa Rica has a universal healthcare system known as Caja. For a small monthly fee, residents of Costa Rica receive any care they need. Additional insurance is also available for purchase. Perhaps because of this quality system, Costa Ricans have the second-highest average life expectancy of the Americas, with only Canadians scoring higher.
While housing and healthcare are very affordable, the cost of utilities is closer to the usual cost in the U.S., rather than the lower prices in other Latin America countries. This disparity is the primary reason the cost of living in Costa Rica is higher than it is in its neighboring countries.
A group of sociologists from Happy Planet Index ranked Costa Ricans as the happiest people on the planet. With the combination of cheap housing, affordable and accessible healthcare and beautiful tropical vistas, this should come as no surprise.
– Brock Hall