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She looked to Costa Rica as an option, having visited a few times prior, and she knew the cost of living was cheaper and life was calmer. Between her Social Security and pension, she earned $30,000 a year, not nearly enough to enter an assisted living or retirement community. Moving to Costa RicaShe remembered a trip to Costa Rica in 1995 and visited in 2022 and 2023 to see if escaping retirement in the US by living there was viable. She moved to a condo in the Guanacaste region in northwest Costa Rica earlier this year. While the cost of living is much lower in Costa Rica, the exchange rate between the US dollar and Costa Rican colón has worsened, meaning prices in Costa Rica have recently shot up.
Persons: , Cheryl Sands, it's, Sands, Cheryl Sands Sands, she's, hasn't, She's Organizations: Service, Illinois —, Social Security, Business, Illinois -, Forest, Walmart, Costa Locations: Illinois, Costa Rica, America, Latin America, Aurora, Chicago, Illinois - Kentucky, Shawnee, Guanacaste, Junquillal, Santa Cruz, Southern Illinois, Costa Rican
Business Insider spoke to five Americans who moved to Latin America, many for their retirements. All agreed that life is in many ways better in Latin America than in the US. She said she feels more welcome in Costa Rica than in Illinois, even with a language barrier. Gary Keenan, 71, disagrees that Costa Rica is cheaper than the US, though he's fine paying the upcharge. Living and working in natureMoving to Latin America has allowed some Americans to advance their careers and retirement goals while living a more serene life.
Persons: , Janet Sussman, Sussman, " Sussman, Cheryl Sands, didn't, she'd, it's, Sands, she's, Gary Keenan, Keenan, Jose Rodriguez, He's, Andy Wiesmann, Medellín, he's, Wiesmann Organizations: Service, Business, Illinois -, Social Security, Costa Rica, US Locations: Florida, New York, Panama, Airbnbs, Latin America, America, Illinois, Illinois - Kentucky, Costa, Guanacaste, Costa Rica, New Mexico, Central, San Jose, Chicago, São Paulo, Brazil, Medellín, Colombia, Inland, Mexico, California, United States, South America
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