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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. In fact, some people call it the Switzerland of Latin America due to its peaceful environment, an easy-going and natural beauty. If Costa Rica is on top of your retirement destination, below are some of the benefits of retiring there.
While there are so many retirees who have considered retirement living in Costa over the years, you will find there is a low cost of living. For example, if you want to live in Playa Hermosa, Costa Rica, you do not have to break the bank to afford living there. Regardless of which town you want to settle in, Costa Rica’s property tax is very low and can be approximated to be 25%. So, if you are looking to rent a property, you can find a two-bedroom home in Playa Hermosa at approximately $500 per month. 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.
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 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.
One of the reasons why Costa Rica is considered to be among the most peaceful countries in the world is because it has operated without a military for over 60 years. 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. Costa Rica has a strong system of legal checks and balances according to the U.S Department of State.
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. In fact, you need a 2.5-hour flight to get there. And that’s why it is much easier to move from Costa Rica to the U.S. But, you need to have the proper documentation to get through the systems.