Tuesday, 20 October 2020

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


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" 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...


Dollar exchange stable for two weeks

QCOSTARICA - The dollar exchange rate against the colon fulfilled two weeks of stability this Monday, after several weeks of increases. The exchange closed this...

Chile mine rescue: 10 years on, survivors left to fend for themselves

In 2010, the San Jose copper-gold mine located in the Atacama Desert in northern Chile caved in, trapping 33 miners. Previous geological instability at...

Legislators approve elimination of annuities for the next two years

QCOSTARICA - The Legislative Assembly approved this Monday, in a second and final debate, a bill that will eliminate annuities for the next two...


The government continue moving at a sloth pace with the dialogue

San Jose protest march turned violent; 11 police injured in clashes

QCOSTARICA - The National Rescue movement had developed peacefully during the morning of this Monday in the capital city. Until, at Casa Presidencial, in...

PAHO considers it unnecessary covid-19 tests or quarantines for international travel

QCOSTARICA - Swabs and compliance with quarantine for tourists entering a country are considered unnecessary by the Pan American Health Organization (PAHO). The PAHO warned...

Let's Keep This Going!

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

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.