U.S. retirees are among those caught in the grip of a horrible economic downturn. While some are ambivalent about what to do, others are taking matters into their own hands. Moving out of the country is becoming more and more popular as a way to live lavishly with less money.
Central America has become a favorite destination for living on a fixed income. In particular, Costa Rica has become one of the most popular countries for expats. Everyone wants to know more about living there. Just hearing the word Costa Rica sparks all sorts of interest. Most people think of a mystical land where you can swing in your hammock on deserted beaches. Well, the truth is, yes. It is a beautiful tropical place where the rain forest meets the ocean. And, you can find many deserted beaches all to yourself.
Costa Rica is very different from the U.S. Many people say it’s like going back in time. Roads near the coast are mostly dirt and construction is minimal, except for a few areas such as Jaco, Tamarindo and San Jose. Below I will answer some of the most frequently asked questions.
Is the government in Costa Rica stable?
The government is very stable as it has the longest running democracy in Latin America. In fact, Costa Ricans (Ticos) pride themselves on being a peaceful country. They disbanded their military many years ago.
What about crime?
It is true that you will find more petty theft than in the states. However, it depends on where you go. It happens more frequently in the city of San Jose and in popular tourist areas. But, as you go into more isolated regions, it seems very minimal.
Is Malaria rampant in Costa Rica?
No. I haven’t heard of many cases of malaria. However, they do have some problems with dengue. This is an illness caused by mosquito’s. Symptoms include fever, headache and weakness. The country is doing a good job of controlling this and it is mostly found in coastal regions.
What happens if I become sick while in the country?
The medical care is excellent. Some expats swear it is comparable or better than in the U.S. A friend of mine, whose wife had a major surgery in Costa Rica, said her care and treatment was wonderful. Many of the doctors are trained in the U.S. and return to Costa Rica. Also, most medicines can be purchased at pharmacies without a prescription. Best of all, it’s about 50% cheaper than in the states.
Can Americans own property in Costa Rica?
Yes. In fact, Americans have the same rights and protection as Ticos. Many Americans and Canadians are purchasing property all over Costa Rica. In the last few years, the coastal regions were very popular. However, it seems that mountain areas are more popular today. The reason is that mountain properties not only have gorgeous views of the valley below, but temperatures are much cooler with little humidity. Also, prices for mountain property can be much less.
Are prices the same in Costa Rica as in the U.S.?
Household appliances, cell phones, computers, televisions and cars are more expensive. I brought my computer and television from the states. However, I purchased a used car from an expat in C.R. and it worked out great.
There are deals on land and homes. If you plan on buying in areas like Escazu or along the coast, it will be expensive. I once owned property in Grecia, which is about 45 minutes outside San Jose. This is becoming very popular with Americans and Canadians. Prices are continuously rising, so it’s a great investment.
Food is cheap. My favorite restaurant served a hefty portion of rice, beans, chicken, plantains, salad and drink for about $3.00. Also there are outdoor markets on the weekends where you can load up on fresh fruits and vegetables.
How are the roads?
It’s best to rent or buy a 4X4 if you plan on going out of the city. The roads are full of potholes and some places along the coast are not paved. When it rains, they fill with water and get really sloppy.
Does it rain all the time?
June thru November is the rainy season. It may rain for 1-3 hours late morning and in the evening. Typically, the mornings are bright and sunny and around noon it will cloud up and rain. It will clear up and then in the evening it will cloud up and rain some more. It’s very refreshing and not at all difficult to handle. Also, some regions do receive more rain than others.
Can Americans work there?
Yes and no. It is very difficult to find a job in Costa Rica. The government has restrictions on foreigners working. However, it is legal to start a company and earn an income. The most popular is real estate sales. You will need to find an attorney in C.R. who can file all the appropriate paperwork.
How long is my Visa?
Many foreigners enter the country on a tourist visa. You are granted three months each time you enter. If you want to stay longer, you need to start the process for residency or leave the country 72 hours and re-enter for another three-month extension. Many people travel to Panama or Nicaragua for a few days, and then come back.
Is Costa Rica for everyone?
No. If you are a type A personality (always in a hurry and not patient) you will most likely not last very long. The bureaucracy in C.R is extensive. Get ready to wait in lines for extended periods of time at banks and government agencies. You are on Tico time, not U.S. time. They are not in a rush to do anything. It is a way of life here and you just have to adjust. But, once you do, it is no problem.
Costa Rica is a beautiful country with alot to offer. You can find rainforests, beaches, volcano’s, lakes, rivers and exotic wildlife. Be prepared for an adventure of a lifetime. Hope this helps those of you thinking of retiring in Costa Rica. Pura Vida!
Timothy Laskis, Ph.D. lived in Costa Rica in 2006. His wife, Isabel, is a native of Costa Rica and they currently live in Greenville, SC. He is the president of Lex-T Consulting and author of Finding Your Costa Rica: 5 Powerful Steps to Personal, Professional and Financial Success. He can be reached at www.findingyourcostarica.com or www.lex-t.com.
