Can a single white male 53 years old live in costa rica on $1200.00 a month?

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rararoo2

i live in Alajuela on a $925 per month budget...i rent a 1bdrm apt..furnished.....utilities included.....cable tv.....wi-fi.....housekeeper once a week......washer and dryer...all for $300 a month....that and what you spend on food are you're only needs.....your wants?....your choice

CostaRicaBlogger.com

Mark,

Yours is a reoccurring question about Costa Rica from those considering moving, retiring or buying a second/vacation home in the area is, "What is the Costa Rica cost of living?"

Yes you can still live in Costa Rica for $700 a month ... but it's up to you!

Below are two monthly budgets shared by native U.S. citizens that now live in Costa Rica. As you will see, there is a wide divide between what each contributor considers a comfortable lifestyle ... which of course, greatly effects the final 'cost of living'.

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This is a budget for two people, living in 3 bedroom house in a mostly-safe San José neighborhood, enjoying a very nice, middle-class lifestyle. We shop at the feria (farmer's market) and have a housekeeper come in once weekly for 5 hours." -Erin

FYI: The following costs were given in the Costa Rica currency of the colon. Exchange rate on date of posting: ¢546 colónes = $1 USD

Rent: ¢185.000*
Water: ¢7.000
Electricity: ¢21.000 [revised]
Internet [high-speed]: ¢20.000
Cable TV: ¢15.000
Phone: ¢4.000
Cell Phones (2 lines): ¢12.000
Groceries: ¢55.000
Bus: ¢10.000
Pharmacy: ¢8.000
House Cleaning: ¢20.000
Entertainment & Restaurants: ¢75.000
[Miscellaneous]: ¢50.000

Sub-total using public transportation: ¢482.000 (approximately $883.00/month)

Another contributor added that Health Insurance available through the Costa Rica "CAJA" medical system runs ¢28.000 for 2 people over 55 (CAJA medical insurance available to legal residents features; No Exclusions due to Pre-existing Conditions, No Deductibles, No Co-pays, No Out-of-Pocket Expenses and most Prescribed Medications at No Additional Costs).

Sub-total using public transportation with full medical coverage: ¢510.000 (approx. $934.00/month)

Owning a car substantially increases your cost of living, for just the gas alone. Fixed costs for a 2 year old vehicle with full coverage car insurance were reported at ¢330.000 colónes for 6 months + the annual "marchamo" registration of ¢308.000 colónes. Current gas costs for light local driving is approximated at ¢50.000 monthly and oil changes every 3,000 miles go for about ¢16.000 colónes.

Grand Total - Costa Rica "Comfortable" Cost of Living with automobile & healthcare: ¢646.000 (approx. $1,183.00/month)

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"How about ... the upper middle end of middle class in Costa Rica? ... The budget below is for two people living in a 3 bed 3.5 bath home with a pool and Jacuzzi. I have not included entertainment outside the home ... I have however included "Legal expenses" in my budget. It is a fact that if you own anything in Costa Rica you are going to need a lawyer for everything... " -The Consul

House Mortgage: $1,400.00*
Condo [Association] Fee: $190.00
Auto Insurance: $125.00
Private Health Insurance: $125.00
INS Insurance: $28.00
Health Maintenance: $150.00
Auto Fuel: $400.00
Auto Maintenance: $75.00
House Keeper [full time]: $293.58
Groceries: $513.77
Gardener: $40.00
House phone: $31.00
Cell Phone: $15.00
Legal: $500.00

Grand Total - Costa Rica "Upper Middle Suburb" Cost of Living: ¢2.118.060,75 (approx. $3,886.35/month)
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So there you have it ... some are Costa Rica "middle-class" at $935/month and some "upper middle end of middle class" at $1,000/week.

My own experience in Costa Rica closely resembles the $1,200.00/month example for two people with an automobile and CAJA health insurance. My costs include private bilingual primary school for my son but exclude major purchases that are likely one-time or limited in reoccurrence such as household items, automobiles, etc.

When you consider most native Costa Rica households 'comfortably' exist on $700 or less in total monthly income, you know those that are able to spend greater than $1,000/month are doing O.K.

Bottom Line: Costs of living continue to rise world wide, but there is no greater origin of the final costs than a person's individual lifestyle. Happiness is choices and the ability to pay for them in the place that you want to live ;o)

¡Pura Vida!

*Many ex-pats own their homes and automobiles outright having paid cash at the time of purchase by various means (ie: equity from previous or existing U.S. homes, investment accounts, etc.). Leaving many retirees or relocated persons with no monthly house or car payments. If this were the case in both of the above examples, the costs of living assuming each have car expenses would be $844/month & $2,500/month respectively.

...and finally, my neighbor watches all his New York Mets games via his computer, a high speed Internet connection and subscription to MLB.com

Mikey

Mark - I'm retired in Mexico. There are a ton of immigration rules to follow.
First one must show $1500 dollars of income per month. I must register for my FM3 card within 90 days of arrival.I can only stay 6 months every year before returning home until I get my FM3 card.
Costa Rica although cheap is not as cheap as you think. Everyday items are not always cheap and available.
With $1200 you will barely scrape by. Seriously. I would not move to Mexico on that and Costa Rica is a little more expensive than here.
You need to go visit for about 2 weeks. Take off your tourist glasses and look at it from a residents point of view. Where to do laundry , shopping , transportation etc.............Also talk to some people while you are their so you know what your getting into.
Check the Immigration laws !!!!!!!!
Boston Red Sox's is the least of your concerns...........

i live with $900

Crazeddoglady

You should be able to live on that per month although you won't have easy access to red sox baseball. Of course you can live on a lot more than that but the average seems to be about $1500/month and you can probably trim some of that easily.

mntg

Right now we are building a house and we live on $900 - me,husband and kid.
Excellent area,kid is in private school and have a driver every morning.
You just have to learn to shop around,grab a Tico and let him show you the difference in prices.
I pay $425 per month for two bedroom in Escazu,the people beside pay $1200...
Email me if you need help.I am lucky that my husband grew up here

AttorneyKearney

You can live on that much with no problem as long as you don´t go out too often,
The minimum to live confortably is about $1000 a month.

Lic.Gregory Kearney Lawson.

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