Sunday, 5 July 2020

Costa Rica Most Expensive Country in Central America, One Of the Highest in Latin America

156816_precio-vivir-cr-220113

Anyone living in Costa Rica will tell you, while experts confirm that living in Costa Rica has gotten expensive. In fact, it is the most expensive country to live in the region and one of the most expensive in Latin America.

According to the poll ‘cost of living 2011’, San José is the city with the high cost of living in Central America.

The 2012 Mercer Cost of Living Survey compared 214 cities in five continents, with San José placing 165 worldwide, but number one in Central America. In contrast, Managua (Nicaragua) is the most economical city in the region.

- paying the bills -

The survery backs up what residents and visitors feel, as deeper pockets are needed to live and visit the country.

Economists of national universities say there are several reasons for this, the appreciation of the Colon and the higher minimum salaries in the region.

On average Costa Rica’s minimum salaries are almost double that of other countries in the Central America, which in turn elevates the prices of goods and services.

Another factor cited by experts is that Costa Rica has a higher percentage of “formal” (or legal) workers than the rest of Central America.

- paying the bills -
- paying the bills -
Rico
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

[BLOG] Costa Rican Electric Company – General Maintenance Procedures

During my fifteen plus years of living in Costa Rica, I...

Heliport, Money and Weapons in Costa Rica

Following reports by residents of Las Asturias de Pococí about flyovers...

MOST READ

Costa Rica got more expensive this morning, July 1

(QCOSTARICA) Starting from today, July 1, 2020, articles of the basic basket and agricultural supplies will have a 1% Value Added Tax (VAT), and...

COVID-19 Costa Rica: 151 new cases, for a total of 3,130

(QCOSTARICA) Today, Sunday, the Ministry of Health reported 151 new cases of Covid-19 for an accumulated total of 3,130, with an age range of...

Daniel Salas affirms that the country can still flatten the curve

(QCOSTARICA) Although the 294 new cases of COVID-19 reported Wednesday will force the country to step back on measures to reopen, Health Minister, Daniel...

How does the new usury law change credit in Costa Rica?

(QCOSTARICA) On June 20, 2020, the Usury Law went into effect in Costa Rica after being published in the official government newsletter, La Gaceta,...

Robotic Spy Sea Turtle Crawls Up Costa Rican Beach to Lay Camera Eggs For Vultures to Steal

In a terrapine clip narrated by David Tennant from the PBS/BBC series ‘The Tropics: Spy in the Wild 2’, an incredibly realistic robotic spy...

EU “Safe Countries” From List Excludes Costa Rica

(QCOSTARICA) On Monday, the European Union (EU) excluded Costa Rica from the list of 15 countries from where people should be allowed into the...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.