The 2024 International Living Bootcamp, held in Las Vegas, once again attracted a large and diverse crowd of potential expatriates, retirees, and global nomads all eager to explore the opportunities for a new life abroad. The event gathered people from across the United States and Canada, all curious about destinations that offer both a high quality of life and financial benefits. One destination stood out among the rest: Costa Rica, which continues to be the most popular choice for those considering retirement abroad.
Here’s a look at what made Costa Rica a standout at this year’s bootcamp and why it remains the top requested retirement destination.
Why Costa Rica Continues to Dominate Retirement Wish Lists
Costa Rica’s appeal isn’t new, but it’s continuously reaffirmed as more people discover what makes the country so desirable for retirees. At the 2024 Bootcamp, the country was frequently highlighted for its welcoming culture, affordable healthcare, beautiful landscapes, and, perhaps most importantly, its pura vida lifestyle. Here are the primary reasons why Costa Rica remains at the top of the list for prospective retirees:
Stable Economy and Government
Costa Rica is one of the most politically stable countries in Latin America. Known for its democracy and lack of a standing army since 1949, it has maintained a peaceful and stable environment for decades. This stability is reassuring for retirees looking for a secure place to invest in property and call home.
Affordable and High-Quality Healthcare
Healthcare in Costa Rica is not only affordable but also of high quality. Many of the country’s doctors are U.S.-trained, and the healthcare system is recognized as one of the best in Latin America. Retirees can choose between the public healthcare system, known as the Caja Costarricense de Seguro Social (CCSS), and private healthcare facilities, both of which are very affordable compared to U.S. standards. The Costa Rica healthcare system’s cost-effectiveness is a significant draw for retirees, many of whom cite it as a deciding factor in their relocation plans.
Tax-Friendly Retirement
Costa Rica’s has tax advantages, especially when it comes to pensions and social security income. Retirees only pay taxes on income generated within Costa Rica, which means U.S. pensions, social security, and other international income streams remain untaxed by the Costa Rican government. Additionally, the country offers multiple residency options, including one tailored specifically for retirees (the Pensionado Program).
Beautiful Weather and Scenic Beauty
The “endless summer” weather, along with diverse ecosystems, is another reason why Costa Rica is a dream destination for many. The climate varies depending on the region, so retirees can choose from sunny beach areas like Guanacaste or the cooler Central Valley. Costa Rica’s pristine beaches, lush rainforests, and mountain landscapes provide a natural backdrop that promotes outdoor living and active lifestyles.
Easy Expat Community Integration
Costa Rica’s expat community is robust, particularly in areas like the Central Valley, Guanacaste, and the Orosi Valley. This sense of community makes it easier for new retirees to settle in, find friends, and get the support they need to navigate their new lives abroad. Many retirees find that the welcoming Costa Rican people and existing expat communities help them adjust quickly, making them feel at home in a new culture.
Key Highlights from the Bootcamp for Prospective Costa Rican Retirees
The 2024 International Living Bootcamp focused on educating attendees about the practical steps required to retire overseas, and Costa Rica took center stage as a prime example of a welcoming destination. Here are some takeaways for anyone considering retiring to Costa Rica:
Residency Requirements: Attendees were guided through the steps to obtain residency, specifically the Pensionado program. This program requires a monthly pension income of at least $1,000 from a verified source, which many U.S. retirees qualify for through social security alone. Other options are the Rentista residency program which requires $2,500 per month and the Investor residency for those that purchase property in the country with a value of at least US$150,000.
Real Estate Opportunities: Real estate professionals emphasized the affordability of property in Costa Rica, with a variety of options from beachside condos to mountain retreats. Many attendees were surprised at the value for money, with homes and rentals priced considerably lower than similar options in the U.S. However, they were advised to seek guidance and conduct their due diligence from experts familiar with Costa Rican property and registry laws to ensure a smooth transaction.
Health and Wellness Options: Health and wellness were big topics, with representatives discussing the benefits of Costa Rica’s wellness culture, access to holistic healthcare, and options for an active lifestyle. For many attendees, Costa Rica’s blend of relaxation and fitness activities made it an attractive choice.
Lifestyle and Cost of Living: Lifestyle experts shared insights into the cost of living, which is significantly lower in Costa Rica than in the United States, particularly in areas outside the more touristy locales. Whether it’s fresh produce from local markets or dining out, Costa Rica offers a comfortable lifestyle at a fraction of the cost in the U.S.
The Pura Vida Lifestyle: A Major Draw
Costa Rica’s pura vida lifestyle was a recurring theme throughout the event. This concept of “pure life” is not just a slogan but a way of life in Costa Rica, promoting simplicity, relaxation, and a focus on enjoying life. Retirees are drawn to this mindset as it contrasts starkly with the high-pressure environments they often want to leave behind. In Costa Rica, retirees find a slower pace, greater connection with nature, and a welcoming culture that supports a balanced, fulfilling lifestyle.
Costa Rica: Always a Top Choice
After several days of panels, workshops, and real-life testimonials, it became evident that Costa Rica remains a top choice for retirees and expatriates looking for a fresh start abroad. The blend of practical benefits—such as affordable healthcare, lower taxes, and a stable political environment—with intangible qualities like the pura vida lifestyle creates a compelling package.
For anyone considering a retirement that combines affordability with beauty, safety, and a welcoming community, Costa Rica offers a clear pathway to an enriching retirement. As demonstrated at the 2024 International Living Bootcamp, Costa Rica continues to stand out as a top requested retirement destination, proving it’s more than just a dream destination—it’s a viable reality for thousands looking to start their next chapter abroad.
Here’s a look at what made Costa Rica a standout at this year’s bootcamp and why it remains the top requested retirement destination.
