We own the house, so we don't pay rent, but on the other hand we spent some money for repairs, improvements. We need help with around the property, we have an acre and half, so we hire a gardener once a week, we pay him 25 mil colones ($50) for a day of work. We have a car, we do not drive a lot, about 6K km per year. We also have permanent residency and pay for CAJA. When we came here 7 years ago $1500 a month was enough for two of us. Today, I haven't do the math for a long time, but I would say we are around $2000 a month. I think it is not too bad. We live in a small village, 12 km from Dominical in the mountains. I have to say though our life style is different from most Gringos. I cook at home, and prepare a lot of home made food, like cheese, sauerkraut, marinades, salsas, vinegar, bread, etc. We have chickens for eggs, and we make (smoke) our own ham, bacon, and cured tenderloin. We barely buy food in supermarkets, like BM or Walmart, just fish cans, tortillas, some condiments. We buy 95% of our food from local farmers. I don't know if that is saving us money, or not. It is hard to say. We just chose this lifestyle because we wanted to eat healthy food, without chemicals and preservatives.
Wow, I hope people see your comment- so helpful. AND yes, I would say $2000. is great. IN my opinion you are doing it right and I wish more folks who consider CR, would also think more about changing the way they live their life... oh well. I suppose we are each on our own path. Thanx so much for sharing, it's sooooo helpful.
$2000/mth seems like a lot if you are not paying rent and are doing most of your food yourself or buying at local markets. However, so long as you can comfortably afford the lifestyle you are leading, then I guess it doesn't matter if what you are doing is making you happy.
your experience sounds a lot like mine living in the mountains. My landlord also pays a worker for yard maintenance as there is a lot of land to cut, they come once a month and also do this and that repairs and help as needed, which my rent helps to cover. I do buy a lot of local produce and also get tortillas, snacks etc from BM. I'm about 1.5 hours drive from the ocean but not a fan of the beach anyway. I would love to learn to make more food at home like you and hope to eventually get a fire pit outside for cooking.
Good morning 🌺 Yep, I recently cut my expenses here from $1500 a month to $1000. But again, I've followed your advice for 3 years. It's how at 68, I got here by myself 🙂 If I haven't said it before, thanks again!
That's definitely a nice cut in the monthly budget. You did, which tells you a lot about yourself.... not sure if I could have come down by myself ;). You are welcome.
On our fifth visit to Costa Rica, my husband and I did notice prices have gone up. We also struggled with the gringo pricing. Ticos gave us the wrong change back when we bought food and this happened several times. It is a constant battle. We used colones through our whole trip.
This one of the reasons I never use cash, certainly never buy anything in cah dollars. They almost always give a terrible exchange rate if paying in dollars.
Wow Mike, you live super cheap in Costa Rica, and all your bills are very reasonable. I own my fully paid off home in Florida and my living expenses are triple what you pay. Inflation is crazy in Florida and the food prices are very high and I pay approx. $700 mo. for one person in to eat clean and organic. Car expenses are very high too where an oil change can cost $75. I'm selling my home at the end of the year, and I will get big money for it and then move to Costa Rica to save money and hopefully live a good life like you do.
Yeah, you are right, I do... and I often forget to be grateful, thanx for the reminder. It sounds like you are well on your way, we'll be waiting ;) I hope everything works out the way you want and thanx for sharing, much appreciated.
I am a Floridian too, but by his own math, his expenses (inflation) went up 50 % 1000 before, now 1,500, remember that Florida's homeowners/car insurance issues are killing us. That is called the "FREE MARKET" Florida is not longer a cheap place to live either.
@@AugustoLugo1983The Colon has surged in value against all world currencies over the past two years with a 25% decrease in exchange rate with a current inflation rate of 3 times what it is in the US.
@@AugustoLugo1983 Yes! Florida is insane - that's why I left. We sold one home, but who knows when we'll be able to sell the other since it's a beach condo and the new law is making everything wonky right now. HOA is insane and as you say, the insurance keeps going up.
When I stayed there for 3.5 months last year, I would go to tye market on Saturday for fruits and vegetables, that saved money, the fish market a couple of times a week, what saved me was my folks apartment which is behind my aunt's house, but going to Walmart for a 6 pack for example, or wheat bread, etc you start spending just as much or more than here in the states. I would give my aunt 40.00 a month for water and electric, so it was ok for the 3 plus months that I was there
Yes, you are kind of saying it, you just need to know where to go. For example, they often go door to door selling eggs, fruits, vegetables and yeah, even fish... and at a decent price. You can eat inexpensively here if you want.... but some people just want what they want and Doritos can be expensive ;) Thanx for sharing, much appreciated.
Yes, there was also a lady by the bank thst sold bags of 3-4 avocados for 2000 colones, so yes, if you can get by without going to chain stores, but sometimes you just can't escape going because buying like a jug of unsalted mixed walnuts, peacons etc you can only get at Mas por Menos or Walmart, so it's a game out there when it comes to groceries
I've been coming off and on to Costa Rica for the past seven years and costs have gone up but the US$ is ALSO worth less. I still love Costa Rica since other countries are experiencing inflation and increased crime too.Ticos are still kind people who don't scam you as much as other LATAM countries. I go to a dentist in Alajuela and her prices have increased but I trust her to do a good job.
I live in Samara Gunacaste it is a beach town so it is more expensive. I’m about $300 more a month than what you’re spending. But it’s worth it to be at the ocean.
You can live very reasonably in Costa Rica if you are happy to live in a less central/very rural area. I am up in the mountains near Panama where AC is not required. Its not easy to get to, and there is less to do, but its quiet, safe, and peaceful. Power and water costs are less than 20$ a month in the little casita that I rent from a friend. You can have a simple pre-fabricated house with basic water and electric, and my stove top runs on a propane tank. I also dont need a fan, and I don't have a dryer, as I hang my clothes outside. My rent is similar to what Michael pays and I don't eat out very often (once or twice every couple of months). My grocery list sounds a lot like Michael's too. Not a resident so I dont pay into Caja, just buy services as needed. Life here is very inexpensive for me but I'm also keeping it with just the basic necessities. I share internet with my landlord, we each pay around $30 a month for highspeed wired internet and I work online out of my home. I dont travel very far in my car and only fill up about once a month, using the border towns to Panama to get gas where it's cheaper.
I hope everyone reads your experience. If more folks had this mindset, there wouldn't be so much complaining. 'Expensive' can be self- inflicted. I really appreciate you sharing your life. I think it really helps with perspective.
I have no idea about the $1500 per month...what I can say is, since moving here in 2021, our dollar has ~30% less buying power today. The exchange rate used to be almost 700 colones to $1usd. Today the rate is hovering around 500 colones to $1usd. Couple the exchange rate along with the dollar being worth less (excess dollars in the market due to the money printer going wild), I would venture to guess that our purchasing power is more like 50% less than 3 years ago. Things do feel quite a bit tighter than before.
You are right... but honesty, that, 'almost 700' is more of a blip on the map... because in the almost 19 years of living here, it's been consistently closer to 500, than 700. Also, when it was like that, it was killing the Tico's economically, especially those in tourism.
Hi Michael. Yes our expenses have gone up since moving here 2021. The electric bill goes up yearly. No AC however we have fans running and 3 adults. We have washer and dryer and hot water throughout. We pay Caja and is the same as yours for 2 of us each. My disabled son pays only, 14, 000 colons for himself. Both husband and I are carnivore and only buy meat, eggs , raw butter and Avacado and tomatoes for my son because he eats those things. We eat alot of ground beef and bacon and steaks. About $500. Monthly. We shop at our farmers market. Our electric bill and Caja are the only two that seems to go up. We own our home and our car so no rent. Our quality of life here is much better and it's still cheaper than where we came from !! My food bill is not more expensive being carnivores because I don't buy anything else except what I listed. No condiments or dry goods like rice and beans or pasta and no sauces or any of the other veggies or starches and we only drink water and my husband has coffee but nothing else. I cook at home and rarely eat at sodas and shop at local farmers markets . We support our small community of Barva Heredia and the local businesses and we have many local friends because we are the only Gringos in the area we live and we love it !! Learning their customs and language and culture has made it the most rewarding towards our quality of life here. Costs are going up all over the world but some things here are still very cheap! Blessings 🙌to you and Pura Vida
I always love your comments and perspective... they are so helpful for folks who are considering CR. Actually, we are in almost exact alignment on how we live down here.... although I probably go off the rails a little more lol. Thanx for sharing, it is very much appreciated.
A friend of mine has been on the lion version of the carnivore diet for a year. He has lost weight and looks very different, claims he feels youthful and healthy again, says it has given him 20 more years of life ahead. He put his dad on a lighter version and says it cleared up long-term cardio and liver ailments. I’m not having health issues but it all sounds intriguing, so your post and Michael’s comments about it have my attention.
I think it's fine too..... but then again, not for everyone....
2 місяці тому+5
Since you drive so little. Remember don't change your oil based on mileage. It should also be changed every 6 months, regardless of mileage driven. Plus, short trips don't let the engine oil hear up enough to burn off any contaminants. Just a tip!! Things have gone up, but they have gone up everywhere in the world.
YESSS,,, thanx for the tip, I was just thinking about that yesterday. If I went by mileage, I wouldn't change the oil for 5 years lol. I appreciate the reminder, great TIP. :)
That's so funny that you would say that. I just had my oil changed in my car last week here because I totally forgot! We barely drive it and normally in the US I get a reminder from the dealership that it's time to change it or do other maintenance. My last two cars were bought new and so I've not been in the habit of thinking for myself on a used car in a long time. I have had this car for a year!!! Lucky for me there was no issue - changed the oil, got a new filter.
Just a side note on caja…. If you travel outside of Costa Rica for 3 months or more, you can get your caja payments for that time outside the country waived. There is just a form you have to fill out at the caja and maybe show your travel itinerary. This is a great savings if you travel outside the country for an extended amount of time. The downside is that once the caja waive those payments, they will re-access the amount you have to pay every month in the future. You are taking a risk that your payment might go up. My caja payments are relatively low ($100/mo), so I will just pay when I’m out of the country and not risk it going up.
@@tcfkappa8007 be careful! You will save the caja payment for 9 months, but they will then re-access the amount you pay on a go-forward basis, which could go up. I’m not willing to take that risk.
Not only great INFO but I also agree to just pay the $100. The risk is NOT worth it, I've seen it personally. Thanx for taking the time to offer your experience, it really does help and is very much appreciated. muchas gracias.
Hey, Mike! When I take the rent away, I would say that my budget is pretty close to yours. I take away the rent because I am paying a ridiculous amount and that to me is the one stat that can be reasonably adjusted (based on city location and style/size of home) so for the purposes of your question I feel I can say that your budget in on point. Your food budget seems pretty on target for someone buying so much protein. As you know, my mom flies back and forth from here in CR to the US, so our food budget fluctuates. However, when she is not here, my daughter and I get by on roughly $385/mth except when I spend extra on having friends over. Like you, I also don't really drive anywhere, so my gas is almost nonexistent. I'd be interested to know why your CAJA is so high. I pay less than that in total for both myself and my daughter. We'll have to chat when I see you next. As far as differences go, I factor in my Marchamo and my car insurance into my monthly budget so that the money is essentially put aside and doesn't feel like such a shock when they are due. The extra expenses that I have that you don't are for garden maintenance and the fact that we have a maid come by once a week to do the things that I don't want to - bathrooms, floors, and windows. SIDE NOTE: One thing you forgot to mention is your cell phone bill.
Hey michael, as a comparison here's what it costs me right now to live in my retirement home in Iowa. I averaged out utilities that fluctuate seasonally. I own the house and car in full so no rent or car payment. Home insurance about $90/mo. Auto ins. about $40/mo. Property tax about $55/mo. Income tax is withheld by my pension so I'm not counting it. Health insurance $175/mo. Electric with central air about $60/mo, natural gas heat about $60/mo, internet/phone $100/mo, Water/sewer/trash $75/mo. So $655 total for my monthly household expenses. Groceries and dining out about $800-900/mo which includes cigarettes. (I know I know) Gasoline about $100/mo. because I live in the boonies and it's a fairly long drive to get anywhere. So my total cost of living is about $1600/mo give or take, which leaves enough from my pension for a bit of pocket money for the occasional oddball necessity like clothing or such. I believe I'm living about as cheaply as you can in the US without being a hobo or on public assistance. Interesting that it comes out fairly comparable to what you spend in Costa Rica.
That sounds great... I'm not sure I would have guessed that. But of course owning your own house outright is pretty huge, not sure too many folks can say that. Anyway, thanx for sharing that,,, very interesting. Iowa sounds like a consideration lol.
@@TravelCostaRicaNOW I chose Iowa specifically for the low cost of living. Counting the higher prices and taxes elsewhere I wouldn't be able to live on my pension in most other states.
Here are some of our monthly numbers in the Central Valley: 1.) Furnished two bedroom/two bath condo, including water and cable: $750; 2.) Electricity: $56 (No AC); 3.) High speed (fiber-optic) Internet: $56; 4.) Language classes (Spanish and Costa Rica Sign Language): $180. 5.) Telephones: $150 annually for a pre-paid US phone and about $10-15/month for a Liberty pre-paid Costa Rican phone. 6.) $150/year for mail forwarding service. In addition to food and entertainment, we also pay for: buses, Ubers, US-based health insurance, professional expenses related to my remote work (licensing/credentials, insurance, training, etc.), prescription medications, vet appointments, boarding, pet preventative medications. I buy new walking shoes every time I go to the US. We also have to plan for travel within Costa Rica when we want to see something outside of the Central Valley and travel (flights, rental cars, lodging, etc.) to see family and/or get new visa stamps. I hope this is helpful!
Fantastic information again. Knowing more about costs of water/electricity/internet is important for me. Trying to narrow down what my costs would be if/when I move there can only be beneficial. As always your perspective and the knowledge you share is VERY appreciated!
The eyebrows 😂 My husband does that too, one shaved off ❤ Your bills seem reasonable, good for you! We have a condo in North Dallas- 1000 sq ft, 2 bed 2 bath. Per month- hoa $575 and climbing, property tax $220, insurance $100, we own our cars and condo in full. Electricity $180/200 per month, food I think REALLY depends on the household needs vs wants. That's where people can save or spend a lot. I can easily do $75 a week. Gym $60 per month. Stay cool there!
And your location, what province ? I am curious because I have a Furnished Studio that I’d like to put up for RENT, in Guadalupe, San Jose. Just to have an idea.
@@JennyRasmuson I rent a one-bedroom apartment for $500 a month, and that includes electricity, Wi-Fi, cable TV, and water. My landlord has two-bedroom apartments for $650. I'm up the mountain from Grecia in the central valley.
Hi Michael, Thank you for the update! Not in CR yet but will be in the next four months. I’m mostly a vegetarian but buy organic. I don’t anticipate spending more than $250 on food. My rent will probably be around $600. The remaining expenses will likely come close to matching yours. I think I’ll manage. What’s your favorite coffee brand?
Sweet. sounds like you have a plan. nice. I drink a lot of coffee, so my everyday coffee is 1820....i prefer the 'white bag' which is their Special... but i just go with the black and gold bag because it's more cost effective ;)
My jaw just dropped when you said how much your Caja payment is. My husband and I are permanent residents, and we pay a little under $100/month. In 2016 we paid about $70/month. It started going up in 2022. My husband pays into the pension fund. I do not because I am older.
My residency started off bad as a 'rentista (my lawyer at the time got me residency when I really didn't qualify and put me in a bad position.....and at the time it was 210.... it has gone up the last 2 years... but now, I will lower it to a more reasonable number. But really, 270 a month for complete health insurance isn't that bad, technically. You guys got a great deal.
Not expensive, no, but you’re right that things always come up: car repairs (business expense but still money out of pocket), trips back to US, medical bills especially if going to private Dr., for those with pets - vet bills, and your coffee bill ha, ha 🤣
Car repairs would still go under my business,,,, but of course you are right about the other considerations. Really,, I was just trying to give folks an idea of my base monthly bills. **hahah... yes, my coffee consumption needs to be its own line item on my monthly budget. Thanx for the reminder, that there are other considerations when thinking about cost of living.
1. Taxes for your business? My husband is a doctor and about 1/4 of what he takes in goes to taxes. 2.Your rent number is ridiculously low. A more realistic figure would be around $800 at least. 3. What about medical costs? (medicine/treatment outside of the CAJA? My meds run us around $700 a month. Any medications bought privately are crazy expensive. 4. I think your grocery number is about right. Ours is around $800 a month, but we eat a lot of meat, fish, and dairy, so that adds up pretty quickly.
1. Business is my business, so I think that's another subject all together since it seems a lot of people come down here with either 'money' or a decent set income or both. 2. My rent is my reality. But if someone is spending $800/mo for rent it's probably because they want what they want and don't need to stick to a budget as much as others with more of a fixed income. 3) My medical costs are in my food budget and gym. I'm not on any meds. But yes, a lot of folks are and they need to consider that when thinking about living in CR. Yes, you are right. Eating healthy is more expensive than eating the process shit they pass off as food in the grocery store. Thanx for sharing, your comments need to be considered.
I live about 45 mins from you in Nuevo Arenal. I have 1 wall mounted AC unit for my 2 bdrm Tico style house. My electric bill can be over $200 running that AC nonstop when the temps are near 90 degs. I have switched to Starlink for internet and I have been paying $60 a month for incredibly fast internet! I believe and I could be wrong but I think the cost of Starlink is dropping to $50 or even $40. - something to think about if you aren’t loving your current provider. Thanks for your videos!
Hey Thomas, yeah, AC can be its own budget line item lol. Hey, question. So anyone can get Starlink. I am not sure why but I thought it was for folks who didn't have access...... I know, stupid. Thanx for any info you could provide., I'd appreciate it.
IDK... his power bill sounds right to me.... AC is a mf'r. The thing I forgot to mention,,, Some people live in apartments etc that are attached to businesses and sometimes the electric is more because they are classified as 'corporate' or under a business, which is more expensive.
Haha yes! Now anyone can have Starlink! It’s really taken off in CR! I see the satellite on top of houses everywhere in CR now! There is actually an electronics store in La Fortuna that sells the Starlink equipment now. I just tried looking up the store but I’m not seeing it at this moment. You can purchase the equipment from the store, take it home, and set it up yourself! It’s super easy! If you need some help though I am just a 45 min drive from you. If you have a mailing address that the Starlink can actually recognize they will mail the equipment to you directly. I purchased mine in the US and brought it down and did the activation in CR. Long story short, I didn’t set mine up correctly to begin with so I had to pay US prices for the first 6 months ($150) then we switched the account into my partners name with our CR address to get CR prices. ($50 I think… maybe $40). I will look online and check equipment pricing here in the US. I’m up here now and if it’s cheaper here I don’t mind bringing it down to you! - I just looked actually and it’s $200 cheaper to buy there in CR. Residential monthly service is CRC23,000! The Starlink speed is stupid fast!!!!! ⚡️ totally worth it!
@@MrGeejamsI will have to get back to you on that info! I’m in Alaska right now working. I’ll be back in CR in about 2 weeks. My starlink app isn’t allowing me to see the history since I’m not connected directly to the router.
I agree with you that CR CAN be cheap depending on the area and lifestyle. Unfortunately, I’m a surfer and there’s really no reasonable beach area that I’ve found in the 1.5 years living here. I think next year it’s “Honey, it’s off to El Salvador!”
I would it though prices in Costa Rica might be cheaper then Mexico but they’re not for the most part , we own a house here in Mexico so that really makes a huge difference in you spending for sure . Good informative video
I think that is more than reasonable, especially IN town. Most people have to have stuff. I have stuff and dont know why my wife or I buy most of it. I throw things away that the wife buys and she doesnt even know it's gone. My son here in So Fla pays $2300 a month just in rent for a 1/1 1/2 apartment. Thx and have a good day.
great point. stuff. I. don't. do. stuff. anymore. I think people would be surprised on how much they spend on shit..... but whatever, do whatever, I just buy what I need. all good. Thanx for commenting, i really appreciate it.
honestly i don't budget much anymore because i really don't have to.. i have enough money coming in and when you are not a amazon whore,, you end up saving money. lol
16:22 Yes it's gotten more expensive, especially since covid, Living in the south I have the benefit of Panama duty free stores and gas that's half price of CR, I own my home's and at my age I no longer pay property taxes(was less than$100 a year, 2 acre's and 2 home's) monthly bills, electric $80, internet $45 (Starlink) caja $30 food $350 including eating out, Xbox $22 TV $5 gas $50 dog food $44 home repairs and yard work average per year $100 equals $726 a month, auto ins $300 a year inspections $15 average upkeep around $400 a year. Damn in comparison to those living in the central valley and coastal tourist areas it's much more reasonable where I live, rentals for nice 3b 2b homes range from $250 and no more than $600 in San Vito/Sabalito and the biggest downside is international flights in SJO are 7 hour drive or bus ride and 45 minute flights from Gulfito to SJO ✌️
Just you benefiting from living by the border is huge.... those duty free stores are no joke. We try to get down there to stock up from time to time. Thank you so much for sharing, it really does help people get some perspective. I just don't think folks understand their options outside of the same 5 places they think they want to live. muchas gracias
Our cost of living is similar to yours, and it has definitely gone up since we moved here in 2021. Luz: $46, Internet: $50, Agua: $6 (unmetered,) Food: $600 for two people. I don't pay caja yet but my monthly medications run me around $170 per month (some expensive cardiac drugs.) But then we run the sanctuary now and are still paying out of pocket for dog food, which is just under $400 per month. Hopefully we can get that flipped around soon so the nonprofit is paying for that, but for now, it's on us.
Apparently meat prices are very high Michael. If you were vegetarian you could eat on 150 a month if in San Jose and shoping the outdoor markets near Coca Cola.
Sooo subjective. I have lived here for over 9 years, and I haven't been able to see any noticeable difference in my expenses. In fact I would say I have learned more tricks for saving and have also increased my income.
yes, subjective... but you ae totally right. You live here, you learn shit that a lot of folks just don't know. So glad to see this comment.. muchas gracias.
To Pay “La Caja” = CCSS, for health insurance is a good thing, everything is included, meds, surgeries, hospitalization, doc appointments. Always compare with private insurance though but our health system here is pretty amazing and good docs too and no co-pays at all.
We aren't living there yet, but we are on Airbnb. So, our current electric fluctuates. We own our condo/apartment . HOA's are around $180, we have two pools and a gym, so no fees there. Internet/cable is $60, water around $15, CAHA, we don't know yet (when we get Residency we will know more). Dude your food bill seems Really high!, We rarely go out to dinner and we both cook. We have a great market available year round on Sundays, so between that and actual grocery store will hopefully be half of what you pay. No plans on having a car just yet, we can Uber to Market and bus to grocery, rent a car if we decide to go anywhere. I think we can stay around $1000 hopefully.
Its all relative of course as you say, however most honestly would not live that simple. So yes its inexpensive for the average US/Canadian. But as you also stated you were close to $1000 before so you have seen a 50% + - increase which technically is very costly, statistically speaking.
True, I suppose, but the $500 + entertainment etc. is of my own doing. I could definitely eat cheaper if I wanted too... I think most of my increase is just me changing some shit up... lol
The food is not that good? What? Fresh veggies, fruits etc. ? Are you talking visiting here or living here...... No one is saying CR is for everybody,,, and for me personally, I don't give af where you live so maybe there is no next time.
Yes, it is low and lower rent is very possible here.... It's true, I don't skimp on food/entertainment since that's where I spend the majority of my money. But I could definitely go cheaper if I had too..
I still have CR onm my list, although it has dropped on that list. I did three trips there in the last 7 years, and have fallen in love with Guanacaste, but the prospects of a decent place to farm and garden have gone down as the complications of things like residency and the flux of the value of the dollar have made me pump my brakes a bit...
Well, nothing wrong with pumping the brakes a bit too make sure you are making good decisions. I think with the right residency/immigration folks,,, maybe it won't be so complicated. Anyway, thanx for sharing and I hope it all works out the way you want.
Residency process is not that bad compared to Thailand for example. Philippines from what i understand the government doesn't allow foreigners buy land. pros and cons everywhere but until there is a stable U.S. currency, we are in trouble.
I have been staying in Manuel Antonio, Costa Rica for the past two months, love it here, except for the cost of groceries and find I just couldn't sustain living here long term at what I am paying overall to be here, but, if I were paying anywhere near what you are paying in rent, I might be way ahead of the curve. My question, how do you find such low rents. I mean, even though all my utilities are included, I would probably be saving at least three hundred dollars if I could find similar rents.
I have lived in this 2 bedroom tico house for about 7 years. (I do have view videos showing the house). The stuff is mine but yes, total rent. I don't mind, I've been transparent for years lol.
Hello, if by your own math, you were under a 1k before and now is reaching $1,500 your budget has increased 50%, that is high!! Costa Rica isn't cheap anymore, compared to the USA, it is, but your internet is the same as in the US, 500 for food seems high for a single guy. your rent is very cheap. Good luck buddy, great video.
My rent has increased by $20. Other than that my food/entertainment has risen mostly by my own choice. I could eat cheaper.. And for me, even with a 50% jump, it's still a great life. My time is more important than money.... and CR is a great place with time on your hands. Thanx, appreciate you taking the time to say. :)
I would say your rent is very low for what you have but how much you pay for internet is twice what I pay and I work from the computer, no lag no issues. Your Caja is WAY more then mine, I pay about 40-45$ a month for mine and your food is probably that high because you eat a lot of meat. My food bill is about 250-300 a month. (Btw I’m a Permanent resident too from Canada, living in La Fortuna the last 8 years). I think the cost of living in Costa Rica in comparison to the salary’s, 500-600$ a month (on average) working 12 hours a day 6 days a week is ridiculous. You work like a slave and don’t even make enough to meet the bare necessity’s to survive.
You obviously have a great 'cost of living' :) My CAJA is high because I am currently a 'Rentista',,, that's about to change very soon. Obviously you are living the good life,,, good on you. I think I am too.... just spending a little more to do it lol. Thanx for sharing, it's helpful.
I think that whatever Country you choose...the key thing is to OWN property...that's the only way you will be able to survive...Otherwise, the rent will continue to rise ...don't move to a place where everybody is going unless you have the finances to sustain yourself because most likely the rent will continue to go up. After all, it's in demand...I have been looking at other Countries where the property is very cheap to buy...you might have to do a little fixer-upper here and there or you can pay a little more money and it's already move-in ready ...it's still less expensive than America..yes you will have to learn the language but that's the price you have to pay when you move to another Country!!! At the end of the day, it's about your Happiness!!!
Haven't seen the place where you live but after living there for 20+ years, I do know that 99% of gringos would not be comfortable in any home that rents for under $300 per month
Hey Mike. Living by yourself with your wants and needs I can see those cost. I live with my 2 adult sons near Grecia. Roughly $3500 for us but that is also transferred into Canadian dollars which really sucks here. I think by myself your amount would definitely be close.
I would love to hear your opinions, perspectives and experiences..... it does help others. muchas gracias.
@@NeilMurphy-dn5gp Keep in mind a lot of folks get tattoos because of some sort of unconscious self-hate, so go ahead, I'd probably agree.
We own the house, so we don't pay rent, but on the other hand we spent some money for repairs, improvements. We need help with around the property, we have an acre and half, so we hire a gardener once a week, we pay him 25 mil colones ($50) for a day of work. We have a car, we do not drive a lot, about 6K km per year. We also have permanent residency and pay for CAJA. When we came here 7 years ago $1500 a month was enough for two of us. Today, I haven't do the math for a long time, but I would say we are around $2000 a month. I think it is not too bad. We live in a small village, 12 km from Dominical in the mountains. I have to say though our life style is different from most Gringos. I cook at home, and prepare a lot of home made food, like cheese, sauerkraut, marinades, salsas, vinegar, bread, etc. We have chickens for eggs, and we make (smoke) our own ham, bacon, and cured tenderloin. We barely buy food in supermarkets, like BM or Walmart, just fish cans, tortillas, some condiments. We buy 95% of our food from local farmers. I don't know if that is saving us money, or not. It is hard to say. We just chose this lifestyle because we wanted to eat healthy food, without chemicals and preservatives.
Wow, I hope people see your comment- so helpful. AND yes, I would say $2000. is great. IN my opinion you are doing it right and I wish more folks who consider CR, would also think more about changing the way they live their life... oh well. I suppose we are each on our own path. Thanx so much for sharing, it's sooooo helpful.
Great lifestyle but it seems a bit high for the way you live
@@rayray8339Really, compared to the US?
$2000/mth seems like a lot if you are not paying rent and are doing most of your food yourself or buying at local markets. However, so long as you can comfortably afford the lifestyle you are leading, then I guess it doesn't matter if what you are doing is making you happy.
your experience sounds a lot like mine living in the mountains. My landlord also pays a worker for yard maintenance as there is a lot of land to cut, they come once a month and also do this and that repairs and help as needed, which my rent helps to cover. I do buy a lot of local produce and also get tortillas, snacks etc from BM. I'm about 1.5 hours drive from the ocean but not a fan of the beach anyway. I would love to learn to make more food at home like you and hope to eventually get a fire pit outside for cooking.
Good morning 🌺 Yep, I recently cut my expenses here from $1500 a month to $1000. But again, I've followed your advice for 3 years. It's how at 68, I got here by myself 🙂 If I haven't said it before, thanks again!
That's definitely a nice cut in the monthly budget. You did, which tells you a lot about yourself.... not sure if I could have come down by myself ;). You are welcome.
On our fifth visit to Costa Rica, my husband and I did notice prices have gone up. We also struggled with the gringo pricing. Ticos gave us the wrong change back when we bought food and this happened several times. It is a constant battle. We used colones through our whole trip.
That’s too bad, sorry to hear that, Be Alert 🚨
Thanx for sharing... a great reminder that folks need to be aware and informed. muchas gracias.
This one of the reasons I never use cash, certainly never buy anything in cah dollars. They almost always give a terrible exchange rate if paying in dollars.
@@JayRedden28 thanx for saying... a LOT of gringos don't seem to have received the memo
Wow Mike, you live super cheap in Costa Rica, and all your bills are very reasonable. I own my fully paid off home in Florida and my living expenses are triple what you pay. Inflation is crazy in Florida and the food prices are very high and I pay approx. $700 mo. for one person in to eat clean and organic. Car expenses are very high too where an oil change can cost $75. I'm selling my home at the end of the year, and I will get big money for it and then move to Costa Rica to save money and hopefully live a good life like you do.
Yeah, you are right, I do... and I often forget to be grateful, thanx for the reminder. It sounds like you are well on your way, we'll be waiting ;) I hope everything works out the way you want and thanx for sharing, much appreciated.
I am a Floridian too, but by his own math, his expenses (inflation) went up 50 % 1000 before, now 1,500, remember that Florida's homeowners/car insurance issues are killing us. That is called the "FREE MARKET" Florida is not longer a cheap place to live either.
@@AugustoLugo1983The Colon has surged in value against all world currencies over the past two years with a 25% decrease in exchange rate with a current inflation rate of 3 times what it is in the US.
@@AugustoLugo1983 Yes! Florida is insane - that's why I left. We sold one home, but who knows when we'll be able to sell the other since it's a beach condo and the new law is making everything wonky right now. HOA is insane and as you say, the insurance keeps going up.
$8 for a quart of oil in CR
When I stayed there for 3.5 months last year, I would go to tye market on Saturday for fruits and vegetables, that saved money, the fish market a couple of times a week, what saved me was my folks apartment which is behind my aunt's house, but going to Walmart for a 6 pack for example, or wheat bread, etc you start spending just as much or more than here in the states. I would give my aunt 40.00 a month for water and electric, so it was ok for the 3 plus months that I was there
Yes, you are kind of saying it, you just need to know where to go. For example, they often go door to door selling eggs, fruits, vegetables and yeah, even fish... and at a decent price. You can eat inexpensively here if you want.... but some people just want what they want and Doritos can be expensive ;) Thanx for sharing, much appreciated.
Yes, there was also a lady by the bank thst sold bags of 3-4 avocados for 2000 colones, so yes, if you can get by without going to chain stores, but sometimes you just can't escape going because buying like a jug of unsalted mixed walnuts, peacons etc you can only get at Mas por Menos or Walmart, so it's a game out there when it comes to groceries
@@jclar7210 AGREED.
I've been coming off and on to Costa Rica for the past seven years and costs have gone up but the US$ is ALSO worth less. I still love Costa Rica since other countries are experiencing inflation and increased crime too.Ticos are still kind people who don't scam you as much as other LATAM countries. I go to a dentist in Alajuela and her prices have increased but I trust her to do a good job.
Thanx for sharing, it really helps. muchas gracias.
I live in Samara Gunacaste it is a beach town so it is more expensive. I’m about $300 more a month than what you’re spending. But it’s worth it to be at the ocean.
You can live very reasonably in Costa Rica if you are happy to live in a less central/very rural area. I am up in the mountains near Panama where AC is not required. Its not easy to get to, and there is less to do, but its quiet, safe, and peaceful. Power and water costs are less than 20$ a month in the little casita that I rent from a friend. You can have a simple pre-fabricated house with basic water and electric, and my stove top runs on a propane tank. I also dont need a fan, and I don't have a dryer, as I hang my clothes outside. My rent is similar to what Michael pays and I don't eat out very often (once or twice every couple of months). My grocery list sounds a lot like Michael's too. Not a resident so I dont pay into Caja, just buy services as needed. Life here is very inexpensive for me but I'm also keeping it with just the basic necessities. I share internet with my landlord, we each pay around $30 a month for highspeed wired internet and I work online out of my home. I dont travel very far in my car and only fill up about once a month, using the border towns to Panama to get gas where it's cheaper.
I hope everyone reads your experience. If more folks had this mindset, there wouldn't be so much complaining. 'Expensive' can be self- inflicted. I really appreciate you sharing your life. I think it really helps with perspective.
Just got back from another trip to Costa Rica, lodging has doubled, same with restaurant food
Well, to be fair, living here and traveling here are 2 different things... but yeah, I hear you.
I have no idea about the $1500 per month...what I can say is, since moving here in 2021, our dollar has ~30% less buying power today. The exchange rate used to be almost 700 colones to $1usd. Today the rate is hovering around 500 colones to $1usd. Couple the exchange rate along with the dollar being worth less (excess dollars in the market due to the money printer going wild), I would venture to guess that our purchasing power is more like 50% less than 3 years ago. Things do feel quite a bit tighter than before.
You are right... but honesty, that, 'almost 700' is more of a blip on the map... because in the almost 19 years of living here, it's been consistently closer to 500, than 700. Also, when it was like that, it was killing the Tico's economically, especially those in tourism.
Hi Michael. Yes our expenses have gone up since moving here 2021. The electric bill goes up yearly. No AC however we have fans running and 3 adults. We have washer and dryer and hot water throughout. We pay Caja and is the same as yours for 2 of us each. My disabled son pays only, 14, 000 colons for himself. Both husband and I are carnivore and only buy meat, eggs , raw butter and Avacado and tomatoes for my son because he eats those things. We eat alot of ground beef and bacon and steaks. About $500. Monthly. We shop at our farmers market. Our electric bill and Caja are the only two that seems to go up. We own our home and our car so no rent. Our quality of life here is much better and it's still cheaper than where we came from !! My food bill is not more expensive being carnivores because I don't buy anything else except what I listed. No condiments or dry goods like rice and beans or pasta and no sauces or any of the other veggies or starches and we only drink water and my husband has coffee but nothing else. I cook at home and rarely eat at sodas and shop at local farmers markets . We support our small community of Barva Heredia and the local businesses and we have many local friends because we are the only Gringos in the area we live and we love it !! Learning their customs and language and culture has made it the most rewarding towards our quality of life here. Costs are going up all over the world but some things here are still very cheap! Blessings 🙌to you and Pura Vida
I always love your comments and perspective... they are so helpful for folks who are considering CR. Actually, we are in almost exact alignment on how we live down here.... although I probably go off the rails a little more lol. Thanx for sharing, it is very much appreciated.
A friend of mine has been on the lion version of the carnivore diet for a year. He has lost weight and looks very different, claims he feels youthful and healthy again, says it has given him 20 more years of life ahead. He put his dad on a lighter version and says it cleared up long-term cardio and liver ailments. I’m not having health issues but it all sounds intriguing, so your post and Michael’s comments about it have my attention.
$500 per person? Thanks
Its almost impossible to find anywhere in Canada where you can live like that. I think what your doing is really cool. Easy walkable living.
@shawnsteinman2001 thanx. me too. Thanx for commenting 🙂
It's fine in Costa Rica. In the USA that price can be for a room only!
Food is expensive in C.R.
I think it's fine too..... but then again, not for everyone....
Since you drive so little. Remember don't change your oil based on mileage. It should also be changed every 6 months, regardless of mileage driven. Plus, short trips don't let the engine oil hear up enough to burn off any contaminants.
Just a tip!!
Things have gone up, but they have gone up everywhere in the world.
YESSS,,, thanx for the tip, I was just thinking about that yesterday. If I went by mileage, I wouldn't change the oil for 5 years lol. I appreciate the reminder, great TIP. :)
That's so funny that you would say that. I just had my oil changed in my car last week here because I totally forgot! We barely drive it and normally in the US I get a reminder from the dealership that it's time to change it or do other maintenance. My last two cars were bought new and so I've not been in the habit of thinking for myself on a used car in a long time. I have had this car for a year!!! Lucky for me there was no issue - changed the oil, got a new filter.
Just a side note on caja…. If you travel outside of Costa Rica for 3 months or more, you can get your caja payments for that time outside the country waived. There is just a form you have to fill out at the caja and maybe show your travel itinerary. This is a great savings if you travel outside the country for an extended amount of time. The downside is that once the caja waive those payments, they will re-access the amount you have to pay every month in the future. You are taking a risk that your payment might go up. My caja payments are relatively low ($100/mo), so I will just pay when I’m out of the country and not risk it going up.
Good to know! I was out of the country for 9 months and paid the Caja all those months. I will definitely get that money back!
@@tcfkappa8007 be careful! You will save the caja payment for 9 months, but they will then re-access the amount you pay on a go-forward basis, which could go up. I’m not willing to take that risk.
Not only great INFO but I also agree to just pay the $100. The risk is NOT worth it, I've seen it personally. Thanx for taking the time to offer your experience, it really does help and is very much appreciated. muchas gracias.
Hey, Mike! When I take the rent away, I would say that my budget is pretty close to yours. I take away the rent because I am paying a ridiculous amount and that to me is the one stat that can be reasonably adjusted (based on city location and style/size of home) so for the purposes of your question I feel I can say that your budget in on point.
Your food budget seems pretty on target for someone buying so much protein. As you know, my mom flies back and forth from here in CR to the US, so our food budget fluctuates. However, when she is not here, my daughter and I get by on roughly $385/mth except when I spend extra on having friends over. Like you, I also don't really drive anywhere, so my gas is almost nonexistent. I'd be interested to know why your CAJA is so high. I pay less than that in total for both myself and my daughter. We'll have to chat when I see you next.
As far as differences go, I factor in my Marchamo and my car insurance into my monthly budget so that the money is essentially put aside and doesn't feel like such a shock when they are due. The extra expenses that I have that you don't are for garden maintenance and the fact that we have a maid come by once a week to do the things that I don't want to - bathrooms, floors, and windows.
SIDE NOTE: One thing you forgot to mention is your cell phone bill.
are you saying that I am bougie? lol............. see you soon. ;)
@@TravelCostaRicaNOW You are many things, Michael, but I don't believe bougie is one of them. 😄
@@Kattywagon29 yeah you're right ;), I wouldn't even know how to act lol.
Hey michael, as a comparison here's what it costs me right now to live in my retirement home in Iowa. I averaged out utilities that fluctuate seasonally. I own the house and car in full so no rent or car payment. Home insurance about $90/mo. Auto ins. about $40/mo. Property tax about $55/mo. Income tax is withheld by my pension so I'm not counting it. Health insurance $175/mo. Electric with central air about $60/mo, natural gas heat about $60/mo, internet/phone $100/mo, Water/sewer/trash $75/mo. So $655 total for my monthly household expenses. Groceries and dining out about $800-900/mo which includes cigarettes. (I know I know) Gasoline about $100/mo. because I live in the boonies and it's a fairly long drive to get anywhere. So my total cost of living is about $1600/mo give or take, which leaves enough from my pension for a bit of pocket money for the occasional oddball necessity like clothing or such. I believe I'm living about as cheaply as you can in the US without being a hobo or on public assistance. Interesting that it comes out fairly comparable to what you spend in Costa Rica.
That sounds great... I'm not sure I would have guessed that. But of course owning your own house outright is pretty huge, not sure too many folks can say that. Anyway, thanx for sharing that,,, very interesting. Iowa sounds like a consideration lol.
@@TravelCostaRicaNOW I chose Iowa specifically for the low cost of living. Counting the higher prices and taxes elsewhere I wouldn't be able to live on my pension in most other states.
Hey-oh! Looking forward to the retreat! Can’t wait to be back in CR!
@danunatamata1049 oh my gosh... so are we, can't wait. C u soon. 😊
Here are some of our monthly numbers in the Central Valley: 1.) Furnished two bedroom/two bath condo, including water and cable: $750; 2.) Electricity: $56 (No AC); 3.) High speed (fiber-optic) Internet: $56; 4.) Language classes (Spanish and Costa Rica Sign Language): $180. 5.) Telephones: $150 annually for a pre-paid US phone and about $10-15/month for a Liberty pre-paid Costa Rican phone. 6.) $150/year for mail forwarding service.
In addition to food and entertainment, we also pay for: buses, Ubers, US-based health insurance, professional expenses related to my remote work (licensing/credentials, insurance, training, etc.), prescription medications, vet appointments, boarding, pet preventative medications. I buy new walking shoes every time I go to the US. We also have to plan for travel within Costa Rica when we want to see something outside of the Central Valley and travel (flights, rental cars, lodging, etc.) to see family and/or get new visa stamps.
I hope this is helpful!
Omg.... thanx so much. That is very helpful,,, thanx for taking the time,, it really does help.
Fantastic information again. Knowing more about costs of water/electricity/internet is important for me. Trying to narrow down what my costs would be if/when I move there can only be beneficial. As always your perspective and the knowledge you share is VERY appreciated!
Glad it was helpful! and as always, thanx for your support and commenting.
The eyebrows 😂 My husband does that too, one shaved off ❤ Your bills seem reasonable, good for you! We have a condo in North Dallas- 1000 sq ft, 2 bed 2 bath. Per month- hoa $575 and climbing, property tax $220, insurance $100, we own our cars and condo in full. Electricity $180/200 per month, food I think REALLY depends on the household needs vs wants. That's where people can save or spend a lot. I can easily do $75 a week. Gym $60 per month. Stay cool there!
Well, you just nailed it- wants vs needs. I only buy what I need. Like a razor that makes me more gay than I am... lol
I've been going to Costa Rica for two to six months every year for the last 15 years, and my rent has not changed.
Hi! What do you rent and for how much ? If you don’t mind answering.
And your location, what province ? I am curious because I have a Furnished Studio that I’d like to put up for RENT, in Guadalupe, San Jose. Just to have an idea.
don't move. lol.
@@JennyRasmuson I rent a one-bedroom apartment for $500 a month, and that includes electricity, Wi-Fi, cable TV, and water. My landlord has two-bedroom apartments for $650. I'm up the mountain from Grecia in the central valley.
@@JennyRasmuson I'm up the mountain from Grecia in the central valley. I'm near El Cajon.
You forgot to add the white T-Shirts into the budget
Hi Michael,
Thank you for the update! Not in CR yet but will be in the next four months. I’m mostly a vegetarian but buy organic. I don’t anticipate spending more than $250 on food. My rent will probably be around $600. The remaining expenses will likely come close to matching yours. I think I’ll manage. What’s your favorite coffee brand?
Sweet. sounds like you have a plan. nice. I drink a lot of coffee, so my everyday coffee is 1820....i prefer the 'white bag' which is their Special... but i just go with the black and gold bag because it's more cost effective ;)
It's nice having A/C 😊
yes, and i have you to thank.... but soon you will take it away..... ugh. lol. I appreciate you letting me use it.... muchas gracias.
My jaw just dropped when you said how much your Caja payment is. My husband and I are permanent residents, and we pay a little under $100/month. In 2016 we paid about $70/month. It started going up in 2022. My husband pays into the pension fund. I do not because I am older.
My residency started off bad as a 'rentista (my lawyer at the time got me residency when I really didn't qualify and put me in a bad position.....and at the time it was 210.... it has gone up the last 2 years... but now, I will lower it to a more reasonable number. But really, 270 a month for complete health insurance isn't that bad, technically. You guys got a great deal.
Not expensive, no, but you’re right that things always come up: car repairs (business expense but still money out of pocket), trips back to US, medical bills especially if going to private Dr., for those with pets - vet bills, and your coffee bill ha, ha 🤣
Car repairs would still go under my business,,,, but of course you are right about the other considerations. Really,, I was just trying to give folks an idea of my base monthly bills. **hahah... yes, my coffee consumption needs to be its own line item on my monthly budget. Thanx for the reminder, that there are other considerations when thinking about cost of living.
Nice PowerPoint presentation 😂
1. Taxes for your business? My husband is a doctor and about 1/4 of what he takes in goes to taxes. 2.Your rent number is ridiculously low. A more realistic figure would be around $800 at least. 3. What about medical costs? (medicine/treatment outside of the CAJA? My meds run us around $700 a month. Any medications bought privately are crazy expensive. 4. I think your grocery number is about right. Ours is around $800 a month, but we eat a lot of meat, fish, and dairy, so that adds up pretty quickly.
1. Business is my business, so I think that's another subject all together since it seems a lot of people come down here with either 'money' or a decent set income or both. 2. My rent is my reality. But if someone is spending $800/mo for rent it's probably because they want what they want and don't need to stick to a budget as much as others with more of a fixed income. 3) My medical costs are in my food budget and gym. I'm not on any meds. But yes, a lot of folks are and they need to consider that when thinking about living in CR. Yes, you are right. Eating healthy is more expensive than eating the process shit they pass off as food in the grocery store. Thanx for sharing, your comments need to be considered.
I live about 45 mins from you in Nuevo Arenal. I have 1 wall mounted AC unit for my 2 bdrm Tico style house. My electric bill can be over $200 running that AC nonstop when the temps are near 90 degs.
I have switched to Starlink for internet and I have been paying $60 a month for incredibly fast internet! I believe and I could be wrong but I think the cost of Starlink is dropping to $50 or even $40. - something to think about if you aren’t loving your current provider.
Thanks for your videos!
Hey Thomas, yeah, AC can be its own budget line item lol. Hey, question. So anyone can get Starlink. I am not sure why but I thought it was for folks who didn't have access...... I know, stupid. Thanx for any info you could provide., I'd appreciate it.
IDK... his power bill sounds right to me.... AC is a mf'r. The thing I forgot to mention,,, Some people live in apartments etc that are attached to businesses and sometimes the electric is more because they are classified as 'corporate' or under a business, which is more expensive.
Haha yes! Now anyone can have Starlink! It’s really taken off in CR! I see the satellite on top of houses everywhere in CR now!
There is actually an electronics store in La Fortuna that sells the Starlink equipment now. I just tried looking up the store but I’m not seeing it at this moment.
You can purchase the equipment from the store, take it home, and set it up yourself! It’s super easy! If you need some help though I am just a 45 min drive from you.
If you have a mailing address that the Starlink can actually recognize they will mail the equipment to you directly.
I purchased mine in the US and brought it down and did the activation in CR. Long story short, I didn’t set mine up correctly to begin with so I had to pay US prices for the first 6 months ($150) then we switched the account into my partners name with our CR address to get CR prices. ($50 I think… maybe $40). I will look online and check equipment pricing here in the US. I’m up here now and if it’s cheaper here I don’t mind bringing it down to you! - I just looked actually and it’s $200 cheaper to buy there in CR. Residential monthly service is CRC23,000!
The Starlink speed is stupid fast!!!!! ⚡️ totally worth it!
@@thomaspwilson3
Hello Thomas
Just wondering what are your starlink speeds upload & download?
Warmly Geo.
@@MrGeejamsI will have to get back to you on that info! I’m in Alaska right now working. I’ll be back in CR in about 2 weeks. My starlink app isn’t allowing me to see the history since I’m not connected directly to the router.
I agree with you that CR CAN be cheap depending on the area and lifestyle. Unfortunately, I’m a surfer and there’s really no reasonable beach area that I’ve found in the 1.5 years living here. I think next year it’s “Honey, it’s off to El Salvador!”
@@djmack8 excellent point.
Thank You!
You're welcome!
You should make some shirts and mugs out of that entertain font 😅
I'm just glad I caught that I missed the 'T' before I filmed........ god, I'm getting old lol
I would it though prices in Costa Rica might be cheaper then Mexico but they’re not for the most part , we own a house here in Mexico so that really makes a huge difference in you spending for sure .
Good informative video
thanx for sharing. I really appreciate it.
I think that is more than reasonable, especially IN town. Most people have to have stuff. I have stuff and dont know why my wife or I buy most of it. I throw things away that the wife buys and she doesnt even know it's gone. My son here in So Fla pays $2300 a month just in rent for a 1/1 1/2 apartment. Thx and have a good day.
great point. stuff. I. don't. do. stuff. anymore. I think people would be surprised on how much they spend on shit..... but whatever, do whatever, I just buy what I need. all good. Thanx for commenting, i really appreciate it.
It all depends on your lifestyle for budgeting. 1500 is not bad , 2k per person be great. Allow you to travel in the country.
honestly i don't budget much anymore because i really don't have to.. i have enough money coming in and when you are not a amazon whore,, you end up saving money. lol
16:22 Yes it's gotten more expensive, especially since covid,
Living in the south I have the benefit of Panama duty free stores and gas that's half price of CR, I own my home's and at my age I no longer pay property taxes(was less than$100 a year, 2 acre's and 2 home's) monthly bills, electric $80, internet $45 (Starlink) caja $30 food $350 including eating out, Xbox $22 TV $5 gas $50 dog food $44 home repairs and yard work average per year $100 equals $726 a month, auto ins $300 a year inspections $15 average upkeep around $400 a year.
Damn in comparison to those living in the central valley and coastal tourist areas it's much more reasonable where I live, rentals for nice 3b 2b homes range from $250 and no more than $600 in San Vito/Sabalito and the biggest downside is international flights in SJO are 7 hour drive or bus ride and 45 minute flights from Gulfito to SJO ✌️
Just you benefiting from living by the border is huge.... those duty free stores are no joke. We try to get down there to stock up from time to time. Thank you so much for sharing, it really does help people get some perspective. I just don't think folks understand their options outside of the same 5 places they think they want to live. muchas gracias
Where I live, ICE is our electric company.
That's the state owned electric co... like 95% of the country.
Our cost of living is similar to yours, and it has definitely gone up since we moved here in 2021. Luz: $46, Internet: $50, Agua: $6 (unmetered,) Food: $600 for two people. I don't pay caja yet but my monthly medications run me around $170 per month (some expensive cardiac drugs.) But then we run the sanctuary now and are still paying out of pocket for dog food, which is just under $400 per month. Hopefully we can get that flipped around soon so the nonprofit is paying for that, but for now, it's on us.
Well, it sounds like you are right there....... those prices seem good to me.
Apparently meat prices are very high Michael. If you were vegetarian you could eat on 150 a month if in San Jose and shoping the outdoor markets near Coca Cola.
Awesome.
Thanks!
Michael, do you Pau for Medicare Insurance in the USA?
Sooo subjective. I have lived here for over 9 years, and I haven't been able to see any noticeable difference in my expenses. In fact I would say I have learned more tricks for saving and have also increased my income.
yes, subjective... but you ae totally right. You live here, you learn shit that a lot of folks just don't know. So glad to see this comment.. muchas gracias.
Do you have to pay on the caja? Or would it be cheaper to have private health insurance?
To Pay “La Caja” = CCSS, for health insurance is a good thing, everything is included, meds, surgeries, hospitalization, doc appointments. Always compare with private insurance though but our health system here is pretty amazing and good docs too and no co-pays at all.
If you become a resident, you have no choice in whether you pay the CAJA or not,,,, so there's that.
We aren't living there yet, but we are on Airbnb. So, our current electric fluctuates. We own our condo/apartment . HOA's are around $180, we have two pools and a gym, so no fees there. Internet/cable is $60, water around $15, CAHA, we don't know yet (when we get Residency we will know more). Dude your food bill seems Really high!, We rarely go out to dinner and we both cook. We have a great market available year round on Sundays, so between that and actual grocery store will hopefully be half of what you pay. No plans on having a car just yet, we can Uber to Market and bus to grocery, rent a car if we decide to go anywhere. I think we can stay around $1000 hopefully.
Its all relative of course as you say, however most honestly would not live that simple. So yes its inexpensive for the average US/Canadian. But as you also stated you were close to $1000 before so you have seen a 50% + - increase which technically is very costly, statistically speaking.
True, I suppose, but the $500 + entertainment etc. is of my own doing. I could definitely eat cheaper if I wanted too... I think most of my increase is just me changing some shit up... lol
It is so expensive, and the food is not that good. There has to be better places to go. Maybe next time..
The food is not that good? What? Fresh veggies, fruits etc. ? Are you talking visiting here or living here...... No one is saying CR is for everybody,,, and for me personally, I don't give af where you live so maybe there is no next time.
$38.00 unreal here in TX my bill was $340.00 smh
damn.
My sister in laws bill is double that in Ca.
@@jeffprager4888yeah, for sure ... and I think it's going to get worse there.
Yr rent is low,think the food os quite high due to the steaks.Water is way less than the UK though,UK rent would be huge compared to yours Michael.
Yes, it is low and lower rent is very possible here.... It's true, I don't skimp on food/entertainment since that's where I spend the majority of my money. But I could definitely go cheaper if I had too..
Do you think it's a good idea to have extra medical insurance for emergencies? Or is Caja good enough?
just for reference. I wonder what is the car cost (insurance, maintenance, gas, etc..)
It seems that the price of food has gone way up.
I guess... but healthy choices are worth the price in the long run in my opinion.
I still have CR onm my list, although it has dropped on that list. I did three trips there in the last 7 years, and have fallen in love with Guanacaste, but the prospects of a decent place to farm and garden have gone down as the complications of things like residency and the flux of the value of the dollar have made me pump my brakes a bit...
Well, nothing wrong with pumping the brakes a bit too make sure you are making good decisions. I think with the right residency/immigration folks,,, maybe it won't be so complicated. Anyway, thanx for sharing and I hope it all works out the way you want.
Residency process is not that bad compared to Thailand for example. Philippines from what i understand the government doesn't allow foreigners buy land. pros and cons everywhere but until there is a stable U.S. currency, we are in trouble.
I have been staying in Manuel Antonio, Costa Rica for the past two months, love it here, except for the cost of groceries and find I just couldn't sustain living here long term at what I am paying overall to be here, but, if I were paying anywhere near what you are paying in rent, I might be way ahead of the curve. My question, how do you find such low rents. I mean, even though all my utilities are included, I would probably be saving at least three hundred dollars if I could find similar rents.
Hi! Is that your total RENT for an apartment or a house ? Is it furnished for you ? I’m curious,’if you don’t mind.
I have lived in this 2 bedroom tico house for about 7 years. (I do have view videos showing the house). The stuff is mine but yes, total rent. I don't mind, I've been transparent for years lol.
@@TravelCostaRicaNOW thanks for your reply.
Hello, if by your own math, you were under a 1k before and now is reaching $1,500 your budget has increased 50%, that is high!! Costa Rica isn't cheap anymore, compared to the USA, it is, but your internet is the same as in the US, 500 for food seems high for a single guy. your rent is very cheap. Good luck buddy, great video.
My rent has increased by $20. Other than that my food/entertainment has risen mostly by my own choice. I could eat cheaper.. And for me, even with a 50% jump, it's still a great life. My time is more important than money.... and CR is a great place with time on your hands. Thanx, appreciate you taking the time to say. :)
I would say your rent is very low for what you have but how much you pay for internet is twice what I pay and I work from the computer, no lag no issues. Your Caja is WAY more then mine, I pay about 40-45$ a month for mine and your food is probably that high because you eat a lot of meat. My food bill is about 250-300 a month. (Btw I’m a Permanent resident too from Canada, living in La Fortuna the last 8 years). I think the cost of living in Costa Rica in comparison to the salary’s, 500-600$ a month (on average) working 12 hours a day 6 days a week is ridiculous. You work like a slave and don’t even make enough to meet the bare necessity’s to survive.
You obviously have a great 'cost of living' :) My CAJA is high because I am currently a 'Rentista',,, that's about to change very soon. Obviously you are living the good life,,, good on you. I think I am too.... just spending a little more to do it lol. Thanx for sharing, it's helpful.
I think that whatever Country you choose...the key thing is to OWN property...that's the only way you will be able to survive...Otherwise, the rent will continue to rise ...don't move to a place where everybody is going unless you have the finances to sustain yourself because most likely the rent will continue to go up. After all, it's in demand...I have been looking at other Countries where the property is very cheap to buy...you might have to do a little fixer-upper here and there or you can pay a little more money and it's already move-in ready ...it's still less expensive than America..yes you will have to learn the language but that's the price you have to pay when you move to another Country!!! At the end of the day, it's about your Happiness!!!
I'm thinking about moving there, are there any other houses around for $300? I could pay you for some help?
Haven't seen the place where you live but after living there for 20+ years, I do know that 99% of gringos would not be comfortable in any home that rents for under $300 per month
SWEET! i know i'm in the right place then.
I've been going to CR for 10 years and it's definitely more expensive. Last year I went to the Philippines and I definitely saved money.
If you lived in Manila life expenses skyrockets. The increase is everywhere in the world except in areas where the lifestyle is lowgraded.
@subtexo I'm not a big city kind of guy. I stayed in Bohol and everything was supper cheap to me.
good point.
very nice. sounds like you found your place. I have been wanting to visit there for years... thanx for commenting.
Hey Mike. Living by yourself with your wants and needs I can see those cost. I live with my 2 adult sons near Grecia. Roughly $3500 for us but that is also transferred into Canadian dollars which really sucks here. I think by myself your amount would definitely be close.
haha.. yes, 2 adult sons,, I think the food budget would be a little more lol.
Yikes, no wonder your toilet had trouble... hardly any fiber in your diet. But generally that's super-cheap.
Don't you have a car now?😮
hahahh.... you turned the video off too soon lol. Yes, I do. But it's part of my business, not my personal expenses.
For family of 4:
Rent: $1400
Electricity: $200
Internet: $60 (fiber 1g)
Auga: $5
Gym: included
Food: $3-5k
Caja:$0 (only idiots pay that?) 😂
Forgot a somewhat big expense gas: $300/m
And school, 2 kids: $1k/m🤷♂️
Food there is horrible rice and beans everyday
It's called Californication. Over populated, overpriced, overrated.
From my own perspective, I definitely would have been the type to move out at the latest, during the pandemic.
Average to cheap
I think so.