The United States embassy in Costa Rica has reminded everyone that lives or is traveling in Costa Rica to be aware that on February 1, 2022, the Costa Rican government will be withdrawing ¢20,000 ...

3. Use Local Currency Yes, US dollars are accepted in Costa Rica but don’t expect your transactions to be similar to those in the US. You might hear, si, esta bien, but I can’t give you any change, ...

“If you are applying with a $1,000-per-month income,” Brenes notes, “the payment is going to be quite low, probably around $150 a month.” Income derived from outside Costa Rica is not taxed.

On the last bullet, it’s important to note that Costa Rica has only five tax brackets ranging from 0% to 25%. The highest tax rate kicks in for income at or above $40,171*.

CURRENCY Costa Rica is the most expensive country in Central America. One U.S. dollar equals about 500 colones, the local currency.