How Expensive Is Puerto Rico To Live?

Is it safe to live in Puerto Rico?

Puerto Rico has a fairly high homicide rate, but this shouldn’t affect ordinary people, as it’s almost entirely related to gang violence and drugs.

Puerto Rico is no more dangerous than any other U.S.

city, and if you feel safe in the US, you’ll feel safe in Puerto Rico, too..

How does the cost of living in Puerto Rico compared to us?

Overall, the cost of living in Puerto Rico is approximately 13% higher than in the United States. Grocery prices are 22.7% higher than the United States average. The cost of utilities is approximately 85% higher than in the United States. Housing and transportation are slightly lower than the national average.

What is the highest paying job in Puerto Rico?

Highest-Paying Careers in Puerto RicoObstetricians and Gynecologists.Physicians and Surgeons, All Other.Chief Executives.Industrial Production Managers.Air Traffic Controllers.Education Administrators, All Other.Architectural and Engineering Managers.Veterinarians.More items…•

Can you live on $1000 a month in Puerto Rico?

Housing costs in Puerto Rico are dramatically lower than in Colorado. … Rent is also much lower in PR than in Colorado. Even in the tourist towns like Rincón, people can rent long-term for between $400-$1000/month.

Is healthcare free in Puerto Rico?

The Puerto Rican Medicaid program is a unique healthcare program that provides free or low-cost services exclusively through public facilities. Approximately half of the territory’s population are eligible for the Medicaid program, with the eligibility criteria being income based.

Can I move to Puerto Rico to avoid taxes?

Yes, but Puerto Rico is a U.S. Commonwealth, part of the U.S. but in some ways still independent. Its tax system is a hybrid, part U.S., part not. If you can really move yourself and/or your business, you may be able to cut your income taxes to the bone.

Can a US citizen live in Puerto Rico?

All Puerto Ricans are already US citizens, and since it is a commonwealth of the US, Americans are generally free to stay on the island without restriction and do not even need a passport to travel there. … Many expats and relocated mainland Americans only speak English and get along just fine.

What is a good salary in Puerto Rico?

National Average While ZipRecruiter is seeing annual salaries as high as $104,000 and as low as $15,000, the majority of Puerto RICO salaries currently range between $22,000 (25th percentile) to $87,500 (75th percentile) with top earners (90th percentile) making $104,000 annually across the United States.

How much does the average house cost in Puerto Rico?

The median cost for an average house ranges from US $175,000 to US $319,000. Some areas have seen price stabilization or increases of as much as 25%, including the highly competitive Dorado market.

How much money do you need to live comfortably in Puerto Rico?

Total monthly expenses should typically be a total of four times your monthly rent, so you can expect to retire comfortably in Puerto Rico on about $2,000 per month. Even the more expensive parts of the island are still less expensive than most major U.S. cities.

Can you own guns in Puerto Rico?

In Puerto Rico, law regulates the sale, possession, and use of firearms and ammunition. … The law lowered fees, implemented a shall issue regimen, combined the possession license and carry license into a single license, instituted carry reciprocity and stand your ground.

Is it cheaper to live in Puerto Rico?

The cost of living in Puerto Rico is lower than the U.S. when you average out all the costs including housing, food, utilities, transportation, and entertainment. The island nation offers an easy adjustment with little culture shock, a warm climate, and easy access back to the United States.

What is the most common job in Puerto Rico?

The most common jobs held by residents of Puerto Rico, by number of employees, are Cashiers (46,782 people), Secretaries and administrative assistants, except legal, medical, and executive (44,504 people), and Janitors & building cleaners (32,089 people).

Is moving to Puerto Rico a good idea?

Moving to Puerto Rico is a great experience for those that enjoy tropical weather and living near the beach. The weather in Puerto Rico is one of the primary reasons to consider moving there. … There are also incredible tax breaks for Puerto Rico that aren’t available anywhere else in the United States.

Where should I live in Puerto Rico 2020?

Tallaboa Poniente Barrio. Suburb of Ponce, PR. 587 Population.Caracol Barrio. Town in Puerto Rico. … Bucaná Barrio. Suburb of Ponce, PR. … Las Marías Pueblo. Town in Puerto Rico. … Sabana Grande Abajo Barrio. Town in Puerto Rico. … Calzada Barrio. Town in Puerto Rico. … Maleza Alta Barrio. Town in Puerto Rico. … Guaynabo. Town in Puerto Rico.More items…