Cost of living in Costa Rica โ€” Latin America
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Is it cheaper to retire in Belize or Costa Rica?

Country Latin America Updated May 2026

Belize is cheaper than Costa Rica, though both sit in a similar Central American bracket. Belizeโ€™s moderate lifestyle costs around $1,275 per person per month, while Costa Rica sits at $1,550, a gap of about $275. The two countries share a lot of cost DNA: cheap local produce, expensive imported goods, similar housing markets outside the major cities, and comparable healthcare costs. Costa Rica wins on healthcare quality, infrastructure, and political stability. Belize wins on language since English is the official language, and slightly cheaper coastal real estate. For retirees specifically, Costa Rica has a more developed expat community with established Pensionado visa programs, while Belize is less bureaucratic. For the full side-by-side, see our Costa Rica page and Belize page.

About the author

Jo Berks

Jo Berks

Global Cost of Living Research & Data Analyst

Jo is an independent researcher with over a decade of experience delivering data, analysis, and structured reports across multiple industries. Her work focuses on sourcing and validating datasets to produce clear, usable insights. At CostLiving, she analyses global pricing data and identifies regional cost trends to support research-led content and comparative resources.

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