Is the cost of living in Costa Rica high?
We asked people about the cost of living in Costa Rica, they wrote...
"The cost of living in Costa Rica is generally considered to be quite affordable, with prices being considerably lower than many other parts of Central America. However, some areas in Costa Rica have a much higher cost of living compared to the rest of the country. For example, cities like San Jose and certain areas in the Limon province tend to have prices that are higher than in more rural areas. On average, a nice one-bedroom apartment in the capital of San Jose costs around $650 per month in rent. Rent for a two-bedroom apartment usually ranges from $850 - $1,000 depending on the area. Eating at a moderately priced restaurant in Costa Rica typically ranges from $7 - $15 per person, depending on what is ordered," commented one expat who made the move to Costa Rica.
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"Per capita GDP in Costa Rica is about a third as high as it is in the US, and the cost of living is commensurately lower. However, the prices of some goods are set at a global rather than a local level and the prices of others are actually higher owing to taxes and import costs. Realistically, the cost of living is about half as high as it is in a similar location in the US, although individual tastes and circumstances vary. As for a dollar amount, some expats say $2000/month is the minimum, though I think that's high and others think that's low. I will say that the pensionado minimum of $1000/month is doable, but pretty lean," remarked another expat in San Jose, Costa Rica.
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Is the cost of living in Costa Rica high?
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.