2. Costa Rica
If you chose to retire to Costa Rica, you’ll likely meet a lot of expats and retirees along the way. It’s one of the most popular destinations for American seniors thanks to its welcoming people, amazing scenery, and affordability. Costa Rica is also one of those places that pushes a healthy lifestyle on its inhabitants, so that’s always a plus!
Many people chose to move to San José due to it being affordable- you will need $2,000 per month. Furthermore, everything you could ever need is within reach, hospitals, an airport, shopping districts. If you’re always dreamed of retiring near or on a beach, you should check the Nicoya Peninsula out.
The city of Atenas is yet another popular destination. You could rent a three-bedroom apartment for a shocking amount of $400. A three-course meal will also cost you $25.
You can pay $70 to $150 for full coverage under Caja, the country’s national public health insurance system.
How to retire in Costa Rica
After living in Costa Rica for three years under the country’s pensionado program, you may apply for permanent residency.
You will first need a pension of $1,000 per month in order to begin the process. The best news is that you don’t need double that amount for couples!
If, however, you do not receive a pension then you can apply through the rentista program. There, you need to prove that you will receive $2,500 per month of unearned income for two years. It’s therefore common to provide a letter that shows you have at least $60,000 in a bank account and that you intend to withdraw the necessary $2,500 per month for two years.
1 thought on “15 Places To Retire Where $200,000 Goes A Long Way”
There should be a law about rent control in Florida, it is ridiculous. And spouses should be allowed to get their deceased spouses Social Security and should not have to be married for ten years or more before divorced to receive their benefits, it should be at least 7 years