Will I save money living in Costa Rica?
We asked expats if they save money living in Costa Rica. They said...
"No! Costa Rica is far more expensive than I thought. I eat out a lot and most of the time the prices are equivalent to US. You can eat for less at sodas and the market, which I do. Buses are a bargain, but cabs cost far more than any other major city in the region: Guatemala, Managua, San Pedro. Also, since everything is exported, prices for shampoos, soaps, tooth paste, razor blades, and things of that nature are much higher than the U.S. Also, my rent is much higher than anticipated," said a member in San Jose, Costa Rica.
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"Living in Costa Rica can allow you to save money if you are willing to make lifestyle changes to accommodate a lower cost of living. Costa Rica's cost of living is lower than that of the United States in many areas, such as food, clothing and utilities, allowing those who choose to live there the opportunity to save money. Additionally, affordable healthcare, childcare and other services are widely available, providing an increased potential for cost savings. Furthermore, the exchange rate between the U.S. dollar and Costa Rican Colón also works in favor of those looking to stretch their dollars further," remarked another expat who made the move to Costa Rica.
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Will I save money living in Costa Rica?
If you live in Costa Rica, newcomers to Costa Rica would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.