Retirement is the golden era of freedom, where you can finally kick back and enjoy life on your terms. For many, this means traveling or even relocating to a new country. If you’re considering this adventurous path, Costa Rica should be at the top of your list. According to the Annual Global Retirement Index by International Living, Costa Rica is the number one destination for retirees in 2024. Let’s dive into why this Central American gem is the perfect place to spend your golden years.
Why Retire Abroad?
Retiring abroad has become increasingly popular due to the numerous benefits it offers. From a lower cost of living to a more relaxed lifestyle, the pros often outweigh the cons. However, choosing the right destination is crucial. International Living’s index considers several factors to help retirees make an informed decision. These factors include housing, visas and benefits, cost of living, affinity rating, healthcare, development and governance, and climate.
Factors to Consider
Housing: The cost of housing, property taxes, and the ease of buying property as a foreigner are critical. Rental values and renters’ rights are also considered.
Visas and Benefits: The availability, ease, and duration of obtaining tourist visas, along with various retiree options and benefits, play a significant role.
Cost of Living: This is evaluated through a detailed cost-of-living questionnaire tailored to the needs of expat retirees.
Affinity Rating: Experts and readers rank destinations based on factors like the variety of restaurants and social life.
Healthcare: Assessed on both quality and cost, ensuring retirees have access to top-notch medical services.
Development and Governance: The political environment, quality of infrastructure, and banking systems are evaluated to ensure a stable living environment.
Climate: Everyone has different climate preferences, so destinations are scored based on the variety of climate options available.
Why Costa Rica?
Costa Rica shines in all these categories. It offers an affordable cost of living, diverse microclimates, and an abundance of natural beauty. Notably, Costa Rica is home to one of the world’s Blue Zones, regions where people live significantly longer lives. The country also boasts an excellent healthcare system, among the best in Latin America, providing quality and affordable healthcare for its citizens.
Moreover, Costa Rica has extended its tourist visas from 90 to 180 days, giving visitors ample time to experience the country before deciding on permanent residency. Additionally, Costa Rica offers a digital nomad program allowing remote workers to live in the country for a year, making it attractive not just for retirees but also for younger professionals seeking a change of scenery.
Top 10 Countries to Retire in 2024
- Costa Rica
- Portugal
- Mexico
- Panama
- Spain
- Ecuador
- Greece
- Malaysia
- France
- Colombia
Best Places to Live in Costa Rica
If you’re sold on Costa Rica, here are the top five expat-friendly cities, chosen based on safety, nearby healthcare, amenities, and proximity to airports.
Rohrmoser, Pavas, San José: Located within the Greater Metropolitan Area of the capital, this neighborhood offers temperate weather year-round, affordable housing, and all the amenities you need.
Playa Flamingo: Ideal for sun lovers, this beach town in the northwest is warm year-round. However, be prepared for higher housing costs, with two-bedroom homes starting at $400,000.
Uvita: Known for its stunning white sand beaches, Uvita offers waterfalls, jungle hikes, and whale watching. It has three medical buildings and a modern hospital just 30 minutes away.
Quepos/Manuel Antonio: These sister cities on the Central Coast offer a mix of world-class marinas and vibrant arts communities. Manuel Antonio National Park is a must-visit for its beautiful scenery.
Nuevo Arenal: Though the smallest and most rural on this list, Nuevo Arenal offers amenities like gas stations and pharmacies. It’s famous for its proximity to Arenal Volcano and a plethora of outdoor activities.
Retiring in Costa Rica promises a life filled with adventure, comfort, and natural beauty. Whether you’re looking to relax on a beach, explore lush rainforests, or enjoy a vibrant social life, Costa Rica has something for everyone. With its top-notch healthcare, affordable living, and welcoming expat communities, it’s no wonder Costa Rica tops the list for retirement destinations in 2024. So pack your bags and get ready for the adventure of a lifetime!
