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Costa Rica's Cost of Living – Can I Really Live on $ 700 a Month ?!


A reoccurring query about Costa Rica from these contemplating shifting, retiring or shopping for a second / trip house within the space is, "What’s the Costa Rica price of dwelling?"

Sure you may nonetheless reside in Costa Rica for $ 700 a month … however it's as much as you!

Under are two month-to-month budgets shared by native US residents that now reside in Costa Rica. These budgets the place posted on-line by way of contributions to the Costa Rica Residing dialogue group. As you will note, there’s a vast divide between what every contributor considers a cushty life-style … which after all, tremendously impacts the ultimate 'price of dwelling'.

It is a price range for 2 folks, dwelling in three bed room home in a mostly-safe San José neighborhood, having fun with a really good, middle-class life-style. We store on the feria (farmer's market) and have a housekeeper are available as soon as weekly for five hours. "-Erin (as posted 07/22/08 on Costa Rica Residing)

FYI: The next prices got within the Costa Rica forex of the colon. Change fee on date of posting: ¢ 546 colónes = $ 1 USD

Hire: ¢ 185,000 *
Water: ¢ 7.000
Electrical energy: ¢ 21,000 [revised]
Web [high-speed]: .000 20,000
Cable TV: ¢ 15,000
Cellphone: ¢ four,000
Cell Telephones (2 strains): ¢ 12,000
Groceries: ¢ 55,000
Bus: ¢ 10,000
Pharmacy: ¢ eight,000
Home Cleansing: ¢ 20,000
Leisure & Eating places: ¢ 75,000
[Miscellaneous]: ¢ 50,000

Sub-total utilizing public transportation: ¢ 482.000 (roughly $ 883.00 / month)

One other Costa Rica Residing contributor added that Well being Insurance coverage obtainable by way of the Costa Rica "CAJA" medical system runs ¢ 28,000 for two folks over 55 (CAJA medical insurance options; No Exclusions because of Pre-existing Situations, No Deductibles, No Co-pays, No Out-of-Pocket Bills and most Prescribed Medicines at No Further Prices).

Sub-total utilizing public transportation with full medical protection: ¢ 510,000 (approx. $ 934.00 / month)

Proudly owning a automobile considerably will increase your price of dwelling, for simply the fuel alone. Fastened prices for a 2 yr previous automobile with full protection automobile insurance had been reported at ¢ 330,000 colones for six months + the annual “marchamo” registration of ¢ 308,000 colónes. Present fuel prices for mild native driving is approximated at ¢ 50,000 month-to-month and oil adjustments each three,000 miles go for about .000 16,000 colones.

Grand Complete – Costa Rica "Comfy" Value of Residing with vehicle & healthcare: ¢ 646.000 (approx. $ 1,183.00 / month)

"How about … the higher center finish of center class in Costa Rica? … The price range under is for 2 folks dwelling in a three mattress three.5 bathtub house with a pool and Jacuzzi. I’ve not included leisure exterior the house. .. I’ve nevertheless included "Authorized bills" in my price range. It’s a proven fact that in the event you personal something in Costa Rica you’ll want a lawyer for every little thing … "-The Consul (as posted 07/22/08 on Costa Rica Residing)

Home Mortgage: $ 1,400.00 *
Apartment [Association] Price: $ 190.00
Auto Insurance coverage: $ 125.00
Personal Well being Insurance coverage: $ 125.00
INS Insurance coverage: $ 28.00
Well being Upkeep: $ 150.00
Auto Gas: $ 400.00
Auto Upkeep: $ 75.00
Home Keeper [full time]: $ 293.58
Groceries: $ 513.77
Gardener: $ 40.00
Home cellphone: $ 31.00
Cell Cellphone: $ 15.00
Authorized: $ 500.00

Grand Complete – Costa Rica "Higher Center Suburb" Value of Residing: ¢ 2.118.060,75 (approx. $ three,886.35 / month)

So there you may have it … some are Costa Rica "middle-class" at $ 935 / month and a few "higher center finish of center class" at $ 1,000 / week.

My very own expertise in Costa Rica carefully resembles the $ 1,200.00 / month instance for 2 folks with an vehicle and CAJA well being insurance. My prices embrace non-public bilingual main faculty for my son however exclude main purchases which can be possible one-time or restricted in recurrence corresponding to home goods, vehicles, and many others.

When you think about most native Costa Rica houses 'comfortably' exist on $ 700 or much less in whole month-to-month revenue, you recognize these which can be in a position to spend better than $ 1,000 / month are doing OK

Backside Line: Prices of dwelling proceed to rise world vast, however there isn’t any better origin of the ultimate prices than an individual's particular person life-style. Happiness is decisions and the flexibility to pay for them within the place that you simply wish to reside; o)

¡Pura Vida!

* Many ex-pats personal their houses and vehicles outright having paid money on the time of buy by numerous means (ie: fairness from earlier or present US houses, funding accounts, and many others.). Leaving many retirees or relocated individuals with no month-to-month home or automobile funds. If this had been the case in each of the above examples, the prices of dwelling assuming every have automobile bills could be $ 844 / month & $ 2,500 / month respectively.

Source by William Clanton

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