Costa Rica has been crowned the top retirement destination in the world according to the 2024 Global Retirement Index by International Living, ascending from its fifth-place ranking in 2023 where it trailed behind Portugal, Mexico, Panama, and Spain. Its embodiment of the “pura vida” ethos, pristine tropical beaches, eternal spring-like climate, rich biodiversity, status as one of the world’s Blue Zones, and reputation as one of the happiest countries globally, Costa Rica stands out as the quintessential haven for retirees.

However, LX Costa Rica, the Leading Costa Rica Luxury Real Estate Brokerage, observes a broader appeal in the Costa Rican luxury real estate market beyond the retiree demographic.

“While it’s true that Costa Rica has become a beacon for retirees, our experience at LX Costa Rica shows a significant number of luxury real estate buyers are actually younger, in the 45-65 age range. We’re seeing an influx of young couples and families, drawn not only to the idyllic coastal beach areas but also to the dynamic metropolitan centers in the Central Valley.”

Vicki Klunk, Luxury Specialist, LX Costa Rica

This Central American gem is not just a retiree hotspot but also a magnet for single digital nomads and families seeking an escape. For many, relocating to this tropical paradise, where daily life seamlessly intertwines with nature, is a lifelong dream come true. The tranquility and stability that Costa Rica provides in a world marked by division are highly valued. It’s also crucial to highlight the incentives Costa Rica has implemented, facilitating expatriates to invest, experience the lifestyle, or obtain residency.

With the introduction of the digital nomad visa and the revision of laws to appeal to retirees, Costa Rica emerges as a welcoming destination to spend your days. Read about the Digital Nomad Scene in Costa Rica.

Another key factor attracting expatriates is the country’s international reputation for environmental commitment. Costa Rica dedicates a quarter of its territory to national parks and wildlife refuges and operates on 98% renewable energy, showcasing its dedication to preserving its lush landscapes and rich biodiversity.

The healthcare system in Costa Rica combines public and private services, and provides accessible, high-quality, and universally available care, complete with specialized medical services through private hospitals and more than 29 public facilities.

The level of training among doctors and surgeons in Costa Rica, especially San José, is outstanding. Many have been educated in the United States or Europe, which means you have great medical care accessible in most areas, reducing one of the main barriers of moving to a new country.

Juliane Maurach, Luxury Specialist, LX Costa Rica

The country’s diverse microclimates allow residents to enjoy a variety of settings, from beaches to mountains or the Central Valley. With distinct dry and wet seasons, Costa Rica provides an ideal environment for year-round outdoor living, unlike many other countries.

Recent years have seen Costa Rica rolling out new incentives to attract investments and make residency easier, including new visas for digital nomads and updated retirement laws, further bolstering its appeal as a retirement destination, according to the study.

Costa Rica’s allure extends beyond its environmental accolades and healthcare system, embodying a lifestyle choice for those seeking tranquility, adventure, and a closer connection to nature. Whether it’s for retirement, a lifestyle change, or as a new family home, Costa Rica continues to enchant a diverse group of individuals from around the globe, further cemented by its recognition as the best country for retirement in 2024.

The 2024 Annual Global Retirement Index meticulously evaluates potential retirement destinations worldwide using seven critical criteria to ensure a holistic assessment of each location’s suitability for expatriates.

These criteria encompass the accessibility and value of housing, both in ownership and rental markets; the ease of obtaining visas and the benefits available to retirees; the cost of living tailored to expat needs; the affinity or desirability of the location based on community integration and lifestyle; the quality and affordability of healthcare; the development and governance reflecting on infrastructure, political stability, and public services; and the climate, considering the variety of environments available.

This comprehensive evaluation aims to identify locations that offer a balanced mix of practical amenities and lifestyle benefits, making them ideal for a comfortable and fulfilling retirement abroad.

By Larissa CabezasCategories: Costa Rica, LifestyleTags: Investment