United States and Costa Rica Cost of Living Comparison!

The cost of living  is one of the main considerations when contemplating moving to Costa Rica. Did you know, Costa Rica’s cost of living is lower than that of the United States?  Please don’t shoot the messenger!!! If you think the price is wrong you can edit it yourself below. The information below is from the good folks at numbeo.com Numbeo is the world’s largest database about food prices worldwide! Do you live in Costa Rica? We need your help: Add data for Costa Rica  … Indices Difference Consumer Prices Including Rent in United States are 42.35% higher than in Costa Rica Rent Prices in United States are 107.57% higher than in Costa Rica Restaurant Prices in United States are 46.90% higher than in Costa Rica Groceries Prices in United States are 27.42% higher than in Costa Rica Local Purchasing Power in United States is 108.12% higher than in Costa Rica … Costa Rica Cost of Living   Costa Rica   United States       Difference Restaurants [Edit] [Edit] Meal, Inexpensive Restaurant 6.58 $ (3,500.00 ₡)     11.00 $ (5,855.30 ₡)      +67.29 % Meal for 2, Mid-range Restaurant, Three-course 33.82 $ (18,000.00 ₡)     50.00 $ (26,614.99 ₡)      +47.86 % McMeal at McDonalds (or Equivalent Combo Meal) 6.76 $ (3,600.00 ₡)     6.75 $ (3,593.02 ₡)      -0.19 % Domestic Beer (0.5 liter draught) 2.25 $ (1,200.00 ₡)     3.50 $ (1,863.05 ₡)      +55.25 % Imported Beer (0.33 liter bottle) 3.57 $ (1,900.00 ₡)     5.00 $ (2,661.50 ₡)      +40.08 % Cappuccino (regular) 2.37 $ (1,259.30 ₡)     3.74 $ (1,988.81 ₡)      +57.93 % Coke/Pepsi (0.33 liter bottle) 1.52 $ (807.97 ₡)     1.65 $ (877.49 ₡)      +8.60 % Water (0.33 liter bottle) 1.32 $ (703.97 ₡)     1.34 $ (711.94 ₡)      +1.13 % Markets [Edit] [Edit] Milk (regular), (1 gallon) 5.23 $ (2,783.24 ₡)     3.76 $ (1,998.83 ₡)      -28.18 % Loaf of Fresh White Bread (1 lb) 1.61 $ (857.05 ₡)     2.26 $ (1,204.05 ₡)      +40.49 % Rice (white), (1 lb) 0.94 $ (499.39 ₡)     1.50 $ (796.71 ₡)      +59.54 % Eggs (12) 2.74 $ (1,456.06 ₡)     2.48 $ (1,319.69 ₡)      -9.37 % Local Cheese (1 lb) 2.82 $ (1,499.63 ₡)     4.48 $ (2,384.76 ₡)      +59.02 % Chicken Breasts (Boneless, Skinless), (1 lb) 3.17 $ (1,688.74 ₡)     3.83 $ (2,038.80 ₡)      +20.73 % Apples (1 lb) 1.82 $ (969.84 ₡)     1.84 $ (981.79 ₡)      +1.23 % Oranges (1 lb) 1.11 $ (591.50 ₡)     1.82 $ (966.95 ₡)      +63.47 % Tomato (1 lb) 0.94 $ (498.65 ₡)     1.79 $ (952.40 ₡)      +91.00 % Potato (1 lb) 0.81 $ (433.16 ₡)     1.18 $ (630.34 ₡)      +45.52 % Lettuce (1 head) 0.84 $ (446.05 ₡)     1.58 $ (839.70 ₡)      +88.25 % Water (1.5 liter bottle) 2.42 $ (1,288.10 ₡)     1.76 $ (936.56 ₡)      -27.29 % Bottle of Wine (Mid-Range) 11.27 $ (6,000.00 ₡)     12.00 $ (6,387.60 ₡)      +6.46 % Domestic Beer (0.5 liter bottle) 1.93 $ (1,027.59 ₡)     1.76 $ (936.92 ₡)      -8.82 % Imported Beer (0.33 liter bottle) 2.74 $ (1,461.14 ₡)     2.37 $ (1,259.76 ₡)      -13.78 % Pack of Cigarettes (Marlboro) 3.19 $ (1,700.00 ₡)     6.15 $ (3,273.64 ₡)      +92.57 % Transportation [Edit] [Edit] One-way Ticket (Local Transport) 0.75 $ (400.00 ₡)     2.00 $ (1,064.60 ₡)      +166.15 % Monthly Pass (Regular Price) 56.36 $ (30,000.00 ₡)     64.00 $...

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How to Make Money in Costa Rica.

When it comes to earning a living, it is not just the money that you make but how much you can keep that will determine the way you live. In the United States and Canada much of our income is eaten up by cost of living expenses that prevent many people from achieving the lifestyle they really want in life. It’s little wonder why more people are considering moving to Costa Rica, a country that offers a number of advantages along with its stunning location as the place to live, work and retire. Why Costa Rica is Becoming So Popular Although many of the countries in Central America we hear about in the news have serious issues with poverty, crime and lack of opportunity, Costa Rica has taken a far different path. Costa Rica has no army and has lived in peace and harmony for decades. The extraordinary landscape that ranges from beautiful beaches to stunning mountain locations has built up the tourism industry to the point where many Costa Ricans enjoy a healthy lifestyle. The number of Americans who now call Costa Rica home is roughly 100,000 and growing daily. Because of the low cost of living combined with its modern conveniences, Costa Rica is a very attractive place to retire and to work as well. How to Generate an Income in Costa Rica There are a number of ways that people earn a good living in Costa Rica. In fact, many people here work fewer hours because the cost of living expenses are far less and thus they can spend more time with their families. Tourism: The tourism industry is very large in Costa Rica for a good reason. Its low start-up costs and many different opportunities has made it one of the best types of businesses to run in the country. Online Work: Working online is very popular and in Costa Rica you can keep more of the money that you make all while your laptop doubles as your office. Teaching: Those who are bilingual earn a considerable amount of money as the population has a keen interest in learning English. Because of the ties created to North America, those who can teach English are highly sought after and can make a good living. Investing: There are numerous investing opportunities in Costa Rica which is arguably the best way to earn residency in this remarkable country....

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Investment in Real Estate for Residency in Costa Rica

For many who are about to retire or who are seeking new challenges in a country that is open to new ideas, then Costa Rica offers many advantages that you will want to explore.  According to the U.S. State Department there are over 50,000 US citizens currently reside in this wonderful country. For many foreigners, having the ability to obtain Costa Rican residency status offers many advantages when it comes to taking advantage of living in this beautiful country. Investment in Real Estate for Residency in Costa Rica. Temporary Residence – Investor: • Investment of US$200,000 in a business or property. • Must remain in country at least 6 months per year. • Can claim spouse and dependents under 18 years of age. • Income allowed from the project. • Can own a company and receive dividends. The investment can be made in any type of business, including manufacturing, transportation, hospitality hotels, B&B, bar, restaurant, tourism industry, amusement and adventure-type parks, and of course real estate. However, for this article we are only going to talk about real estate. Investor in Real Estate Requirements for Residency Status In order to become a proper resident of Costa Rica under the investor category, you will need to have an investment of at least $200,000 in Costa Rica according to the current exchange rate. In addition, you must remain in Costa Rica at least 6 month each year. Many Americans who live in Costa Rica split their time between living in the US and in Costa Rica. How Recognition is Obtained for Real Estate The requirement of a $200,000 investment will be based on the actual value as listed on the deed of the property itself. So for example, if you paid $300,000 for the property and the deed shows that it is worth $190,000, then you will be $10,000 short. So, before you finalize the purchase be sure that the deed does reflect an actual value that is at or above $200,000. Also remember that market value plays no role in the value of the property itself in terms of establishing residency. If the deed states the value as under $200,000 that means you’ll need an additional investment to qualify. However, if you were to purchase the property for under $200,000, yet that is what the property value is stated on the deed, then it will qualify. The purchase price on the...

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