COSTA RICA AT A GLANCE

Costa Rica, a gem nestled in Central America, is graced by the embrace of both the Pacific Ocean and the Caribbean Sea. It shares its borders with Nicaragua and Panama, and its landscape is a poetic dance of coastal plains, rugged mountains, and volcanic peaks where balance with nature and a return to simple enjoyment defines the Pura Vida lifestyle for which Costa Rica is known around the world.

Within this enchanting realm of lies the Papagayo Peninsula set upon the Pacific coast of the prestigious Guanacaste region. It overlooks Bahia Culebra, a crescent-shaped bay that is one of the most sheltered sections of ocean south of the US border. Its azure waters offer a haven for vibrant schools of fish and playful pods of whales, making one of the few places left in the world to experience nature’s untouched beauty. 

Costa Rica is a democratic nation, with a stable economy and political system and is none for a relatively low cost of living, simple tax structure and favorable real estate offerings for foreigners and expats.

Location

Costa Rica is located just south of the middle of the Central American isthmus that connects the North American and South American continents, between Nicaragua and Panama.

CAPITAL

San José is the capital and largest city of Costa Rica, and the capital of the province of the same name. It is in the center of the country, in the mid-west of the Central Valley, within San José Canton.

POPULATION

5.3 Million. Demographic data as of July 1, 2024

PRIMARY LANGUAGE

While the official language of Costa Rica is Spanish, English is widely spoken throughout the country.

COUNTRY CALLING CODE

+ 506

TIME ZONE

Costa Rica observes Central Standard Time (CST) all year. There are no Daylight Saving Time clock changes.

CLIMATE

The Papagayo region boasts a blissful coastal climate, where you can bask in endless summers with daytime temperatures comfortably hovering between 82-90°F. Its sunny, dry season December through April which contrasts beautifully with a wet season that is rainiest in September and October with transitional weather in May and November. It creates an ideal destination for sun-seekers and nature lovers alike.

RAINY SEASON

Costa Rica’s climate is a fascinating mosaic of tropical and subtropical weather, shaped by its position between the Tropics of Cancer and Capricorn and its close proximity to both the Caribbean Sea and the Pacific Ocean. Expect diverse weather patterns across the country: the lowlands revel in tropical warmth, the highlands offer cooler respite, and the Caribbean coast enjoys a refreshing, rain-soaked charm year-round.

CURRENCY & BANKING

The Costa Rican Colón (CRC) is the national currency of the Republic of Costa Rica, first issued in coin and paper form in 1896. The name “colón” comes from Christopher Columbus (Cristóbal Colón) in Spanish. 

TAXES

Costa Rican residents are generally required to pay taxes on their worldwide income, including income earned within Costa Rica and from foreign sources. Fortunately, Costa Rica is known for its simple tax system and relatively low income tax rates.

ECONOMY

Costa Rica’s economy emerged from recession in 1997 and has shown strong aggregate growth since then. The estimated GDP for 2023 is US$90 billion, up significantly from the US$52.6 billion in 2015 while the estimated 2024 per capita (purchasing power parity) is US$28,558.

GOVERNMENT

The government is a democratic republic; the president of Costa Rica is the chief of state and head of government. Currently, the sitting president, Jesús Chaves Robles, has been in office since 2022. Costa Rica has a variety of private freedoms such as freedom of expression and peaceful assembly, combined with centralized economic planning, and government regulations. Costa Rica does not maintain a national military, and laws regarding ownership of firearms are strictly regulated. Assault weapons, fully automated firearms, and high-caliber rifles are all prohibited.

UTILITIES

The average monthly cost for utilities in Costa Rica is around $100, covering electricity, water, and internet. Transportation costs are variable, but public buses are a cost-effective option.

VISAS

Not all people who wish to travel to Costa Rica need a tourist visa; this will depend on your nationality, purpose of visit, country of residence and duration of stay. Visa requirements are based on international agreements or treaties. However, the visa does not guarantee entry to Costa Rica and, as in the United States, this depends on the immigration officer upon arrival.

Villa 2

INTERIOR (m2/SF)

EXTERIOR (M2/SF)

Beds

baths

151 / 1,625
168 / 1,808
2
2.5

Villa 10

INTERIOR (m2/SF)

EXTERIOR (M2/SF)

Beds

baths

190 / 2,045
174 / 1,873
3
3.5

Villa A

INTERIOR (m2/SF)

LOT (M2/SF)

Beds

baths

133 / 1,432
600-870 / 6,450-9,370
2
2.5

Villa C

INTERIOR (m2/SF)

LOT (M2/SF)

Beds

baths

225 / 2,431
552-806 / 5,948-8,675
4
4.5

Villa B

INTERIOR (m2/SF)

LOT (M2/SF)

Beds

baths

156 / 1,680
643-897 / 6,987-9,665
3
3.5

Type A

INTERIOR (m2/SF)

EXTERIOR (M2/SF)

Beds

baths

45 / 484
9 / 85
1
1

Type D

INTERIOR (m2/SF)

EXTERIOR (M2/SF)

Beds

baths

50 / 538
20 / 215
1
1

Type C

INTERIOR (m2/SF)

EXTERIOR (M2/SF)

Beds

baths

70 / 753
10 / 100
2
1

Type B

INTERIOR (m2/SF)

EXTERIOR (M2/SF)

Beds

baths

60 / 646
22 / 236
1
1

Type A

INTERIOR (m2/SF)

EXTERIOR (M2/SF)

Beds

baths

Type C

INTERIOR (m2/SF)

EXTERIOR (M2/SF)

Beds

baths

81 / 872
12 / 127
2
1

Type B

INTERIOR (m2/SF)

EXTERIOR (M2/SF)

Beds

baths

65 / 700
8 / 84
1
1

Type D

INTERIOR (m2/SF)

EXTERIOR (M2/SF)

Beds

baths

81 / 872
13 / 136
2
1