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Confronted with the spiraling cost of living in the United States and Canada, people from all walks of life and all ages—including baby boomers and seniors—are searching for an affordable place to live or retire without sacrificing their current lifestyles. Costa Rica, Central America, one of Latin America's best-kept secrets, just might be the country many of these people are seeking.
Despite having one of the highest standards of living in Latin America, purchasing power is greater in Costa Rica than in the United States or Canada. The country is really a bargain compared to most places, especially in retirement real estate.
In most areas housing costs less than what it does in the U. S. and hired help is a steal. Utilities—telephone service, electricity, and water— are cheaper than in North America. You never need to heat your home or apartment because of Costa Rica’s warm climate. You need not cook with gas, since most stoves are electric. These services cost about 30% of what they do at home. Bills for heating in the winter and air conditioning in the summer can cost hundreds of dollars in the States. For those watching their fixed income, retirement dollars, this is an important consideration.
