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Your Guide: Cost to Retire in Costa Rica| Cost for Rent, Food, Transport and more



Retired couple on the beach in Costa Rica

As retirement nears, most workers look forward to long leisurely days, fun-filled evenings, and the freedom to sleep as late as they want the next morning. With no time clock to punch, no meetings to attend, really no schedule at all, they can pursue whatever interest suits them. Many envision spending their relaxing retirement years in Costa Rica, the jewel of Central America, but they may wonder how far their pension and retirement savings will go there. So, how much does retirement in Costa Rica cost?

An internet search reveals a wide range of answers to that question and it can be difficult for retirees to find accurate information. One website claims that you can get by for $600 per month per person plus rent. Another says a retired couple can live well on $2,000 per month or even better on $2,500 to $3,000. So, what’s the truth? How much does it really cost to live here? It all depends on where and how you live in Costa Rica. Either of the above estimates could be correct, or your cost of living could be in between. Almost everyone says that Costa Rica is less expensive than the USA and Canada. That may be true, too, depending on where you lived in North America before moving to Costa Rica.

Average Costs

According to data on the website, as of April 2023, the average monthly cost of living in Costa Rica is $781 for one person and $2832 for a family of four. That’s 27% lower than the average in the United States and 24% less than in Canada. The savings are even greater compared to large metropolitan areas in North America. The average is based on the cost of food, transportation, health care, and utilities. Rent is calculated separately, and it’s a remarkable 65% less in Costa Rica than in the U.S.

However, there is more to the story than averages. If the average North American or European retiree lived in Costa Rica, could they really make ends meet for $800 per month plus rent? It’s possible if they take advantage of Costa Rica’s bargains—products and services that cost substantially less in Costa Rica than elsewhere. Maximizing those bargains is the key to making Costa Rica affordable for retirees on a budget. Consider some examples.

How much will a Retiree spend on Food in Costa Rica?

Food can be less expensive in Costa Rica if you buy things that are produced locally, not imported. Fortunately for health-conscious retirees, fresh fruits and vegetables are bargains. Many communities hold a weekly local farmers’ market called la feria in Spanish. Local farmers display a wide variety of recently harvested produce and even hand out free samples. The prices are so low that you typically can afford every fruit and vegetable offered. You can buy as much as you can carry for about $20-30. 

If you have a craving for your favorite beverage, snack, or other processed food from your home country, it will undoubtedly cost more in Costa Rica because of the additional importation costs. How can you stay within your retirement budget? Many expats living in Costa Rica buy such foods only occasionally as a splurge. Also, they quickly learn which locally produced items and brands make good substitutes for their favorite flavors from back home. 

What if I like eating out?

Retirees often enjoy dining out and have the leisure time to do so. But can they afford it in Costa Rica? Fortunately, meals in Costa Rican restaurants are typically priced at about half the cost of those in a North American city. Additionally, the standard 10% tip is usually included in the menu price. This means you can find a wide variety of food options at prices that are friendly to retirees. There are Asian, Indian, Italian, Mexican, seafood, and steak restaurants, as well as those serving traditional Costa Rican dishes. However, restaurants catering specifically to tourists may be slightly more expensive. So, to save on your monthly income, try eating where the locals do.

Transportation Expenses

Buses, taxis, and rideshare services like Uber are inexpensive transportation options in Costa Rica. However, most retirees prefer the freedom and convenience of owning a vehicle for shopping, running errands, and sightseeing. But owning a car in Costa Rica is more expensive than in most other countries. Every vehicle registered in Costa Rica must pay an import duty of 60-80% of its value. As a result, the purchase price can be almost double what you would pay for the same model in your home country, and there is no way to avoid this tax.

So how can retirees reduce the cost of owning a vehicle? One way is to drive a car that is a few years older than they are used to. This makes financial sense since Costa Rican mechanics charge much less than their international counterparts. While gasoline is usually around $2 per gallon more expensive than in the U.S., it’s similar to prices found in European countries. Fuel costs aren’t typically excessive for retirees since they no longer have to commute to work. 

How much is Rent in Costa Rica?

Housing is a significant expense for most families, usually accounting for at least 25% of their income. But is that enough in Costa Rica, especially for those on a fixed retirement income? Fortunately, the average rent in Costa Rica is 65% less than in the U.S. Your savings will depend on where you choose to live and the lifestyle you prefer. If you want to be near the beach or amenities, expect to pay more. However, simpler homes that are a short drive from the beach can be quite affordable.

If you decide to buy a home in Costa Rica, you’ll save money on property taxes and insurance. They are much more affordable than in North America. A real estate agent can show you the options available and help you find a home that fits your budget and lifestyle.

How much are Utilities?

In Costa Rica, electricity can be a bit more expensive per kilowatt hour than in the U.S. However, because the climate is tropical, you’ll likely only need to cool your home, and not heat it. This means you can save on energy costs compared to those in colder climates.

Water in Costa Rica is safe to drink and relatively inexpensive throughout the country. This is a significant advantage for retirees who are on a budget, as they can avoid the additional expense of purchasing bottled water.

Internet and cable television services are widely available in Costa Rica and cost less than equivalent services in North America. As a result, you can save money on your entertainment expenses. This is especially beneficial for retirees who may be spending more time at home and rely on these services for their entertainment needs.

In summary, while electricity may be a bit more expensive, the overall cost of utilities in Costa Rica is relatively affordable. With safe drinking water, and lower costs for internet and cable television services, retirees can potentially save money on their monthly expenses compared to North America.

Healthcare Costs for Retirees

Clinica Biblica Costa Rica

As retirees age, access to quality health care becomes increasingly important. Luckily, Costa Rica’s health care system offers great benefits at a relatively low cost. In fact, Costa Rica has become a popular destination for medical tourism due to its excellent quality and affordability of medical procedures. This same advantage applies to dental care as well.

If you choose to live in Costa Rica, you can enjoy these same retirement benefits. Residents of Costa Rica can enroll in the national health care system called the “caja.” This program is available for a monthly fee based on your income. Once enrolled, your visits to the local clinic or hospital, and some prescriptions, will be free of charge. This is a significant advantage for retirees who are on a fixed income and need access to affordable health care.

Overall, Costa Rica’s health care system offers quality medical and dental care at a relatively low cost. The national health care system, “caja,” is available to residents and provides free medical services for a monthly fee based on income. This is a significant benefit for retirees who need access to affordable health care.

While Costa Rica’s national health care system is affordable and of good quality, some retirees in the expat community who have a higher fixed monthly income may prefer to take out a private insurance plan. Private insurance provides access to a broader range of private clinics, doctors, and hospitals. However, as with private insurance in many countries, a portion of medical expenses are paid by the insured, and rates can vary widely. Therefore, it’s important to contact the insurance companies directly to get accurate information on rates and coverage options.

As of this writing, some providers of private insurance in Costa Rica include INS Seguros, Mapfre Seguros, BlueCross BlueShield, Alico Seguros (part of Metlife), Pan American Life Insurance Group, and Sagicor Seguros. These companies offer a range of insurance plans, so it’s important to carefully review the coverage and costs associated with each plan before making a decision.

In summary, while Costa Rica’s national health care system is a cost-effective option, some retirees with higher fixed monthly incomes may choose to take out private health insurance for broader access to health care services. Private insurance rates vary widely and are dependent on the insurance company and the specific plan selected, so it’s essential to do thorough research and compare options before making a decision.

Bottom Line

Many retirees wonder what it costs to live comfortably in Costa Rica. As a general guideline, we recommend that people moving here from the States, Canada, and Europe budget a minimum of $15,000 per year per person. This is because many of us are used to a certain lifestyle that includes more luxuries than the locals are accustomed to. However, as you can see from the above categories, there are cost-saving bargains available in Costa Rica. By taking advantage of them, you can stay within your monthly budget and maintain the lifestyle you’re used to.

While there are countries with a lower cost of living than Costa Rica, it’s important to remember that Costa Rica offers a quality of life that you won’t find anywhere else, and a cost of living that’s within reach of most retirees. With affordable healthcare, housing, transportation, utilities, and entertainment, Costa Rica can be a very attractive option for retirees.

We invite retirees and those nearing retirement to experience for themselves what a great and affordable place Costa Rica is to enjoy your retirement. With its beautiful natural scenery, friendly people, and comfortable lifestyle, Costa Rica has become a top destination for retirees from around the world.

Other articles you may enjoy reading:

Costa Rica Immigration and Residency Information

General Cost of Living in Costa Rica

New Costa Rica Residency Laws

How to Buy Property in Costa Rica

How to Buy a Car in Costa Rica



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Women in STEM careers make their way into a world of opportunity at Coyol Free Zone – Coyol Free Zone – Costa Rica



February 2024. In a world where scientific and technological advances are increasingly impacting people’s lives, women are playing an important role in STEM (Science, Technology, Engineering and Mathematics) related careers in medical device and technology companies located in the Coyol Free Zone in Costa Rica.

This is the case of Silvia Arias, who currently works as Project Manager at Philips, a world leader in health technologies and development of medical devices, such as masks to treat sleep apnea, guide wires and catheters for cardiovascular procedures, and oxygenation and ventilation sensors for hospital monitoring.

In her position, she is part of a team of 10 employees in Costa Rica and the United States who work on improving current products, as well as developing new technologies and innovation to make them increasingly more efficient and with better quality for their customers around the world.

Arias assures that in Free Trade Zone companies there are many opportunities for growth. “In my 12-year professional career, I have had the opportunity to grow in different roles. I started as a quality technician and then I developed in areas such as quality and logistics, among others. Now I am the only Costa Rican in the Project Management group in the Research and Development area, which has a great financial impact for the company”, explained Arias.

Her passion for engineering began when she was a child, when her father took her to vehicle activities and she was passionate about how they made car modifications.

“I am an industrial engineer because I wanted to study something I liked and because I have always had the support of my family.”

Today, Silvia combines her professional career with her role as a mother and wife. In addition, she assures that although STEM careers are characterized to be traditionally filled by men, women can contribute in equal measure to the development of technology and science.

Arias is part of the 54% of the female human talent working in the 33 national and international companies in the industry that rely on Coyol Free Zone as their operations headquarters in Costa Rica.

Seven of these high-tech medical companies are among the top 30 Life Sciences companies in the world. This park provides 22,000 direct jobs and more than 3,000 indirect jobs.

Like Silvia, an increasing number of women are becoming interested in STEM fields. According to data from the State of the Nation (2023), the first entry enrollment record of STEM majors in public universities (Universidad de Costa Rica, Universidad Nacional, Instituto Tecnológico de Costa Rica and Universidad Técnica Nacional (UTN) went from 18 to 14 males for every 10 females in the last decade.

The report states that in 2021, 4,521 men and 3,294 women were enrolled. It also notes that between 2000 and 2020, the total number of new women professionals in Science and Technology (S&T) increased from 1,000 to about 5,000 women per year, so their share increased from 39.8% to 50.5% of the total number of higher education graduates.

About Coyol Free Zone

 Coyol Free Zone is the leading medical device export park in Costa Rica, with exports of over US$2 billion per year, which is equivalent to 30% of the exports of the manufacturing segment of the country’s Free Zone Regime.
Coyol Free Zone was designated as the Best Free Zone in the Americas, and as Industrial Champions of the Americas by fDI Intelligence in 2023.
It is also the Best Free Zone in Latin America and the Caribbean for the fourth consecutive year, the Most Innovative Free Zone of the Year, and the Best Business Center for Life Sciences and Advanced Manufacturing, according to The European magazine.

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Coyol Free Zone: creating value through innovation and focus on the quality of life – Coyol Free Zone – Costa Rica



At Coyol Free Zone, we offer a comprehensive suite of complementary services that allow companies to focus on what they do best, while easing access to everything they need to operate.

This has allowed our Park to become an industrial hub, highly specialized in the Life Sciences. Our service offering for the Life Sciences cluster is one of the reasons why publications such as fDi Intelligence and The European have recognized us as one of the leading Free Zones in the World and the best in our region.

What complementary benefits does Coyol Free Zone offer?

On-Site Sterilization: the presence of on-site sterilization services and logistics services allows us to provide the companies of our Industrial Park with the opportunity to export medical devices directly from Costa Rica to various destinations worldwide. This is translated into significant savings in production, time, transportation, and warehousing.

Sustainability and environmental responsibility: 9 companies in our park operate in LEED-certified buildings, and we promote the use of renewable energy sources among our clients. Many of the firms established in our Industrial Park have been awarded the National Ecological Blue Flag, such as:

  • Nevro
  • Hologic
  • Microvention-Terumo

Innovative transportation system: employees working in Coyol Free Zone benefit from an innovative system that provides a safe and reliable way to make it to their workplaces. Commuting to Coyol Free Zone is easy, fast, and accessible, thanks to RIDE Coyol, a service aimed at providing a modern transportation network with digital payment and routes connecting major population centers and the Park’s companies.

Focus on human talent: through specialized recruitment processes, e-learning platforms, and tailor-made training according to the demands of multinational companies, we boost the offer of high-quality human talent available for the Life Sciences industry.

Multiple nationwide alliances: we have alliances with more than a dozen local governments and multiple superior education institutions, thus promoting collaborative work to improve the living conditions of our surrounding communities.

Training and education opportunities: people can find in our Industrial Park multiple courses and training related to smart manufacturing, high-tech processes, and logistics for the Life Sciences industry. Furthermore, they have access to affordable English lessons through our alliances, and thanks to our program BachiCoyol, anyone can aspire to finish their High School Education if needed.

Convenience services: Centro Coyol is a convenience service center that provides food, medical, and laboratory services for all the companies installed in the Park and visitors. This area includes well-fitted rooms for meetings, workshops, and training.

Property maintenance: every installed company is provided with maintenance of infrastructure and common areas, as well as access to our wastewater treatment plant and maintenance of sewer, potable water, and stormwater pipes, alongside 24/7 security services all year long.

Read more: Centro Coyol is an innovation and services center located at the main entrance of Coyol Free Zone. It is a convenience center that has restaurant services, medical services, pharmacy, medical laboratory, dental services, physical therapy, psychology, nutrition and parcel services.

Satisfied employees are efficient employees

Studies conducted in recent years have found conclusive links between an employee’s level of satisfaction with their job and their productivity. Those who are happier in their workplace prove to be more efficient in the same number of hours than their peers who aren’t satisfied with their current position.

In Coyol Free Zone, we believe in the importance of investing in the human talent of the companies located in our Industrial Park: through our multiple training and education programs, we incentivize the formation of specialized and capable employees.

Creating an ideal environment for them nourishes their professional aspirations to have a career in our industry. Such synergy boosts the quality and capacity of the country’s Life Sciences cluster, while our companies enjoy satisfied employees, who are happy with the roles they fulfill.

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Freudenberg Medical invests US$25 million to build its second operating center in Coyol Free Zone – Coyol Free Zone – Costa Rica



  • Investment will create 600 new quality jobs within the first 3 years of operation.

February 2024. Freudenberg Medical, a global contract design and manufacturing (CMO) company for the biopharmaceutical and medical device industry, expands its operations in Coyol Free Zone, in Alajuela, Costa Rica.

The company, which has industrial centers in the Americas, Europe and Asia, will invest US$25 million in the construction of its second operating center, covering an initial area of 5,000 square meters, with a future expansion of 5,000 square meters more. With this significant investment, the new operation is expected to be up and running by 2025, and will create jobs for 600 people over the next three years.

Carlos Wong, Managing Director of Coyol Free Zone was pleased that a company like Freudenberg Medical is expanding its operations and creating new sources of quality employment in Costa Rica’s leading medical device export park, with over US$2 billion a year.

“This expansion demonstrates that the country has managed to consolidate itself as an ideal destination for companies in the Life Sciences sector. Costa Rica has the qualified and committed talent for companies like Freudenberg Medical to continue growing,” said Wong.

Freudenberg Medical currently operates in a 3,000-square-meter building in the Coyol Free Zone, which will become the specialized site for primary processing technologies, including thermoplastic molding and extrusion.

The new facilities will be focused on the assembly of large-volume minimally invasive catheters for electrophysiology, vascular and structural cardiac therapies, and other medical devices requiring high-precision manual assembly, as well as three ISO 7 clean rooms.

About Coyol Free Zone (CFZ)

Coyol Free Zone is the leading medical device export park in Costa Rica, with exports of over US$2 billion per year, which is equivalent to 30% of the exports of the manufacturing segment of the country’s Free Zone Regime.

Coyol Free Zone was named the Best Free Zone in the Americas, and Industrial Champions of the Americas by fDI Intelligence in 2023.

It is also the Best Free Trade Zone in Latin America and the Caribbean for the fourth consecutive year, the Most Innovative Free Trade Zone of the Year and the Best Business Center for Life Sciences and Advanced Manufacturing, according to The European magazine.

About Freudenberg Medical

Freudenberg Medical is a contract manufacturing organization (CMO) for the global biopharmaceutical and medical device industry. They have 11 manufacturing operations and more than 2,500 associates around the world.

It has been operating in Costa Rica since 2012, where it houses Freudenberg Medical’s Latin American operation. The manufacturing capabilities of the company in the country include finished device assembly, subassemblies, silicone molding, packaging and technology transfers.

Each Freudenberg Medical operating center has quality systems that operate under ISO 13485 certification and are registered by the U.S. Food and Drug Administration (FDA).

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