Costa Rica, bordered by Nicaragua and Panama, is not considered a pure tax haven, but it is recognized as tax-friendly enough to have been referred to as the Switzerland of Central America.
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Cost of Living in Costa Rica: $1,100 to $4,000An expat can average $1,100 per month on a tight budget, but even the most budget-conscious retirees and digital nomads will do best with a $2,000+ a month budget for a couple. Here is a sample cost of living in trendier expat areas of Costa Rica.
According to a recent survey of expats from around the world, those living in Costa Rica are the happiest. The survey results reveal that 94% of expats living in Costa Rica rate their overall quality of life as excellent or very good – significantly higher than the global average of 81%.