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Published on Friday, January 7, 2022
By the A.M. Costa Rica staff and wire services


The 2022 Annual Global Retirement Index led by International Living Magazine, ranks Costa Rica as the second-best country to retire.

The Retirement Index is informed by hundreds of opinions and real-life experiences, information compiled in the best retirement destinations across the globe

"It’s designed to be a useful tool for people, constructed out of real-world, on-the-ground information interpreted through a lens of well-informed experience and opinion," the magazine stated.

Costa Rica is ranked as the second-best country to retire due to the enchantment, lured by the country’s tropical climate; lower cost of living; friendly locals; affordable medical care; vast real estate options; and, of course, its natural beauty for which the country is famous.

"Costa Rica remains a beacon of stability, democracy, and that sought-after laid-back lifestyle," they said.

The report explains how the republic is internationally known for its tranquility and commitment to the environment, with roughly a quarter of its land protected as national parks and wildlife refuges.

One of the main advantages of living in Costa Rica, according to the report, is that there are two healthcare systems within Costa Rica–both public and private. "Once you have acquired your residency, you pay approximately 7% to 11% of your reported monthly income into the Caja Costarricense de Seguro Social healthcare system (Caja for short) and this national medical program is available to you without copays, pre-existing exclusions, or age disqualifications," they said.

Residents have the option to blend public healthcare with private medical care either through out-of-pocket self-insuring or with the purchase of private insurance policies. "You can purchase these through familiar insurance brand names; priced significantly less compared to a similar policy in the U.S.," the report said.


 
"You will find three JCI accredited private hospitals in the San José area, as well as numerous private clinics throughout the country. The public system has over 29 hospitals and nearly 250 regional clinics, making it easy to find healthcare no matter where you choose to settle," they stated.

According to the report, a couple can live comfortably, but not necessarily extravagantly, here for around $2,000 to $2500 a month. This includes renting a two-bedroom home or condo with North American amenities, air conditioning, plus groceries, entertainment, transportation, and healthcare. If your monthly budget is over $3,000, it is easier to find a relaxed lifestyle with most required amenities.

They also highlighted the way Ticos are known to be warm and welcoming. "They are wonderful people, eager to share the magic of their culture, food, and traditions with foreigners. You will also find engaging international communities of expats who will help you through the process of acclimation," they said.

The report ranked Costa Rica behind Panama as the best place to retire. Other countries included are Mexico, Portugal, Colombia, Ecuador, Malta, France, Spain and Uruguay.

The complete report can be read on the magazine website.

This week, the Centers for Disease Control and Prevention (CDC) and the United States Department of State upgraded in the recommendation for travel to Costa Rica.

Recently, the Spanish printed newspaper El País, recognized Costa Rica as one of the 10 best tourist destinations to visit this year.

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What is the best advantage in retiring in Costa Rica? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com





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