Can you live in Costa Rica for $1,500 per month? This first answer is of course yes you can;
h o w e v e r, you can also state this of any country. It’s just that your quality of life will vary in different locales. Some countries you'd be living under a bridge in a box on $1,500.
The HUGE difference in living here is the atmosphere that you will reside in. For $500-$800 per month rent you can live in a two-bedroom, Gringo style home, with a view of mountains or near the beach. Not something that you could find at that price in North America or most of Europe. You will also experience extreme peacefulness and tranquility. (At home - not so much when you venture out onto the highways/cities... that's a separate topic. )
Depending on your choice of lifestyle, the figures below can vary greatly. The following figures are based on the average or fairly simple daily life. Other than the rent, these are what I pay per month. Here’s an approximation of costs, in dollars, for two people:
Rent (averaged): $650
Food, clothing, toiletries, etc.: $450+ (more if you’re a big meat eater)
Electricity: $ 80
Water: $ 25
Cell Phones (2): $ 12 (through ICE - if your a resident)
Money Transfer fees: $ 30
Gas for car (about 15 gallons): $ 60 ($3.78 per gallon at this time/cheap for here)
CAJA (Health Care/Social Security): $180+
Internet: $ 63 (CRwifi)
Claro TV: $ 44
TOTAL $1,594.00
Additional Possible Costs:
Older car, one time cost and yes, they are this expensive - as an example 1998 Toyota 4Runner with 200,000 km. I looked up on Craigslist: $9,500
Car Insurance per year: $ 800
Annual car maintenance: $ 150 (assuming no major repairs)
2 cell phones: $ 400
If you own your home outright you’ll of course not have the monthly rental. But you will have annual property taxes which are VERY low here. My house is valued at about $259,000 on 2.25 acres and my annual property taxes are $230. Gotta love that one. At the same time you will have regular maintenance, etc., etc.
So yes, it can be done on $1,500 per month but notice that the above does not include entertainment expenses, travel expenses or other costs that you may have in your daily life.
Personally, I live on about $2,000 per month on average. On top of that I spend money on my daughter’s parrot rescue center, annual travel, motorcycle gas/maintenance, house upkeep - i.e., replacing bathtub faucet, need to replace stove, I pay a neighbor $20 each week for 5 hours of yard maintenance. As any homeowner knows, there’s always something that needs repairing or replacing. I do the majority of work myself but labor here is very inexpensive - $4.00 per hour, or less if you’re a cheapskate.
At the very least, coming here and living on $1,500 per month is worth it just for the adventure.
"🎶I'd rather die while I'm living than live while I'm dead." - Jimmy Buffett
- Expat Dave