Single persons decide to relocate at retirement for a variety of reasons. Single, widowed or divorced persons who must be the entire support of their domain seek to find a socially active community, with a low cost of living and a favorable climate. Some people relocate to downsize from a large family home or to be close to family or friends. Others follow their dreams and seek adventure, new surroundings and the recreational pursuits.
Compared to most locations within the U.S., the cost of living in Costa Rica is relatively low. Many items, including fresh foods, are inexpensive. Luxury items, however, are cost prohibitive. Many expatriates claim that they can live a lifestyle equivalent to that in the U.S., Europe or Canada for much less money.
Fresh foods purchased from vendors at the local farmers market will cost about $40 and will feed a small family for a week. A diet of imported foods from the supermarket may cost over $200 per week.
Housing is cost efficient -- small homes or apartments are rented for $300 to $600 per month. A maid may cost only $2 an hour; however, hard goods such as automobiles or electronics may cost over twice as much as in the U.S. A modest life within the local economy is a simple task in Costa Rica.
Offering warm tropical breezes and pristine white beaches, Costa Rica can be a welcomed change from high prices and the cold winters of the north.
American Resort Destinations
Resort destinations from Palm Springs, California, to Manistique, Michigan, are suffering a dismal real estate market. The recent upheaval in the value of homes nationwide has created a buyer's market. A retiree to these areas can purchase a highly discounted property. Cities with the lowest cost of living in the U.S. include Little Rock, Arkansas, Brownsville, Texas and Pueblo, Colorado. Most college towns have a lower cost of living that metropolitan areas and can offer diverse cultural, historical and community activities.
For security and serenity, Nicaragua is considered the second safest country in the world, Canada being number one. Living within Nicaragua's local economy is fairly inexpensive, but imported goods are costly. Beautiful properties along the Pacific Coast can be purchased or rented for a fraction of their U.S. counterparts.
Rated the top retirement haven by International Living, the American dollar goes a long way in Ecuador. The cost of living is much lower than in the United States, but health care is limited, except in major cities. When searching for property, be aware of high-crime localities.
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