It isn't known for its outstanding jobs or booming economy, this is not a place to search for a job. When you fly in from the mainland, you will most likely arrive at one of these two airports. Terms of Use and Con: Mosquitos and Sand Fleas 7. We are a couple of GenX-ers living all over the world: Puerto Rico, Arizona, Spain, Poland We blog about our adventures. All, Country, USVI With the help of the Act 60 program, you can boost your income as well, if you decide to start a new life in Puerto Rico. Five years ago, I made the best decision of my life I married my , What about hurricanes? Conditions are worse during hurricane season. Remember this rule of thumb: depending on where you settle on this U.S. territory, you will likely save somewhere between 5% and 70% off the cost of living found in a typical city in the United States. These prices were last updated on June 04, 2023. Any local bar around here, offers beer for much cheaper than that. If so, check out this post about Fun88 casino brought to you by Fancasinos.in specialists. You will find that urban areas will have much better facilities than areas outside cities. Meanwhile, outside the city center, a one-bedroom apartment will cost around $478.45 per month, making the rent 61.54% cheaper, and a three-bedroom apartment will cost about $942.30, which is 56.58% lower than in the United States. Houses in Puerto Rico are way cheaper than the national average in the United States of America. Rent Prices in Us Virgin Islands are 105.6% higher than in Puerto Rico: Restaurant Prices in Us Virgin Islands are 48.7% higher than in Puerto Rico: Groceries Prices in Us Virgin Islands are 36.7% higher than in Puerto Rico: Not enough data to calculate difference in Local Purchasing Power It is based on 22,559 prices entered by 2,869 different people. However, local grocery products are 7.32% cheaper overall than in the United States, so it is advised that you head to the local Mercado to satisfy your grocery needs at a reasonable price, especially for fresh fruits and vegetables. Among the top internet service providers that provide fiber internet are Optico Fiber, Claro Net, and PR Wi-fi. The bottom line is that if you decide to rent anywhere in Puerto Rico, you will cut down your housing costs by an average of 50%. Internet access is actually quite reasonable here and cell service is the same as US with the same companies. Numbeo.com, a database that calculates and compares various economic factors, reports that, as of mid-2022, it costs an average of 8.12% less to live in Puerto Rico than it does in the rest of the U.S.The reduced cost to rent here is a far more significant - 53.31% lower than in the rest of the U.S. You can also use your U.S. debit card to access your mainland account, but remember that banks in Puerto Rico charge a fee every time you withdraw money from an ATM. 1) Tropical Islands 2) Many Festivals 3) Friendly and Helpful People 4) Opportunities for New Businesses 5) Cost of Living 6) Health care facilities 7) Lower Taxes 8) Education Cons of Living in Puerto Rico 1) Poor Sanitation 2) Unwelcoming Hurricanes 3) Disease Spreading Animals Conclusion Read about other countries: History It all depends on your usage. Other comparisons Us Virgin Islands vs Puerto Rico: Copyright 2009-2023 Numbeo. Joanna-. You can send these documents to our PRelocate team to get the internal process started. Theres Beer at Burger King in Granada? However, if you are moving to Puerto Rico, you may be able to keep your current accounts if there are branches on the island, but you should switch banks if there is none near you or if you are applying for an Act 60 tax decree. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. United States Comparison Cost of living in Puerto Rico compared to United States This comparison has some inconsistent or sparse data. meter apartment, PR Concierge & Internal Medicine Services, the Polytechnic University of Puerto Rico, PRelocates First-Ever Client Appreciation Event, Services and Transactions on the SURI Portal, A Guide to Puerto Rico Export Services Tax Incentive For Businesses, A Guide to Puerto Rico Investor Resident Individual Tax Incentive, How to Pass the Puerto Rico Bona Fide Residency Tests, Things to Consider Before Living in Puerto Rico, What You Need to Know about Renting in Puerto Rico, Answers to Your Puerto Rico Passport Questions. Some of the top supermarkets are Pueblo and Supermercados Selectos. To avail of private medical facilities, you are advised to buy appropriate medical insurance. Yes, we do get hurricanes but anything big is pretty infrequent. During this time, just remember to keep an eye on the local weather, have extra cash, know all local emergency numbers, and keep away from rivers and beaches. While the eastern side of Puerto Rico prices are mostly based on our experience of living here for eleven months. Cell service is also highly reliable all around the island, with Claro and Liberty (formerly AT&T) having the best coverage and the most antennas in rural areas. Taxis and Ubers are also easy to find, but slightly more expensive with the normal tariff beginning at $5. Lower Average Cost of Living Puerto Rico VS. United States, nearly $225 for an 85 sq. Puerto Rico is already one of the hottest tourist destinations in the world, but it is rapidly becoming a home-away-from-home for U.S. citizens as well. I am allergic to mold, do lots of apartments have it? A one-bedroom apartment in a city center will cost approximately $798.17 per month while a three-bedroom apartment will cost around $1392.22 per month, which is 52.43% and 49.58% cheaper, respectively, than on the mainland. Some of the best private schools include Cupeyville School in San Juan, Saint Johns School in Condado, and Baldwin School in Bayamn. Among the top public schools are Carmen Bozello De Huyke in Barranquitas, University Gardens (Especializada) in San Juan, and Ramon Marin in Ponce. Your use of this service is subject to our If you lived in United States instead of Puerto Rico, you would: On the flip side, Econo carries a lot of locally grown produce and it is all very reasonably priced. Different Types of Expats in Latin America and Why They Return Home, Costa Rica: The Grocery Shopping Experience, Puerto Rico vs Panama Comparison Matrix and Some Extras, Socialized Medicine in Poland My Experience, Travel from Barcelona to Granada by Train. You can choose from one of the many short-term rentals such as vacation rentals or other independent rentals managed by various distribution channels like Airbnb or Vrbo. Real Estate In Puerto Rico Part 1 Is This A Good Time To Buy? These prices were last updated on May 29, 2023. While the public healthcare system is underfunded and has a shortage of doctors, the private sector is of a high standard and has shorter waiting times. So, its a trade off. Copyright 2023, Abroad Dreams. Even though parts of Puerto Rico are still trying to recover from the 2017 Hurricane Maria, the islands internet infrastructure has been reinforced and improved. For a business account, you will need a Certificate of Incorporation issued by the Department of State, Merchants Registry issued by the Department of Treasury (Hacienda), Articles of Incorporation or By-Laws, Identifications of all signers, and Evidence of taxpayer ID. Cost of Living United States Puerto Rico Comparison Cost of living in United States compared to Puerto Rico This comparison has some inconsistent or sparse data. Living in Puerto Rico is a dream come true for any U.S. citizen. Moreover, being a U.S. territory, the island paradise also presents numerous practical advantages to U.S. citizens. Searching for a safe site to gamble on for Indians? Keep in mind that the St. Thomas numbers were obtained from both Numbeo and our (short) experience on the island. To Move Or Not To Move Beach or Mountains? In this article, we list a few things to consider when you prepare to move to this heaven on earth. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. Perhaps it is only mainlanders who buy them in the store. All Rights Reserved, Cost Of Living In US Virgin Islands vs Puerto Rico, Guide To Real Estate In Puerto Rico Series Summary, Property Laws In Puerto Rico Read This If Youre Thinking About Buying, Why Puerto Rico Wont become a State (for a long time, if ever). Quite the mix, lol! Cost of Retiring in Puerto Rico. You will neither need a passport to travel between the island and the mainland nor a visa to establish a livelihood there. This constitutes one of the tests that establish an individuals bona fide residency, as it helps prove their commitment to Puerto Rico. You should use common sense and rely on your own legal counsel for a formal legal opinion on Puerto Ricos tax incentives, maintaining bona fide residence in Puerto Rico, and any other issues related to taxes or residency in Puerto Rico. According to Numbeo, restaurant prices are about 20.90% cheaper than in the United States, with a meal costing, on average, $12 in an inexpensive restaurant and $60 at a mid-range restaurant. In addition, its worth noting that St. John prices seemed a lot higher than St. Thomas, so take that for what its worth. Puerto Ricos luxury real estate industry has proven to be quite advantageous for investors and homeowners due to the multitude of cost benefits and unique lifestyle that property ownership brings with it. However, it's still by no means cheap. Cost Of Living Comparison Between Puerto Rico And United States Meal, Inexpensive Restaurant 12.75 $ 20.00 $ Meal for 2 People, Mid-range Restaurant, Three-course 70.00 $ 75.00 $ McMeal at McDonalds (or Equivalent Combo Meal) 8.00 $ 10.00 $ Domestic Beer (1 pint draught) 2.38 $ 6.00 $ Imported Beer (12 oz small bottle) 4.00 $ 7.00 $ Dining and street food options are abundant, with restaurants, food trucks, and roadside sellers scattered all across the island. The unemployment is high on the island and many people leave the island in search of jobs. Puerto Ricos healthcare infrastructure is generally well managed and widespread, with over 90 hospitals on the island. Puerto Rico is currently experiencing a real estate boom, and, since it also has a flourishing tourism industry, there are countless housing options available. Higher education in Puerto Rico is also first-grade and well-funded, with almost all universities providing access to world-class coursework and well-equipped research facilities. So, here is a comparison between St. Thomas and Puerto Rico (our area). Puerto Rico is a very cash-oriented place, so it is advisable always to carry some cash. Con: High Crime Rates 9. I have a hard time figuring out why eggs are so high when there are chickens everywhere. Another option is to ship the car you already own from the mainland, but due to high import taxes, the process will likely be as expensive as buying a car on the island. Due to a series of natural disasters since 2017, Puerto Ricos power grid has taken serious damage and is still struggling to keep up with the needs of the islands residents. Pro: Beautiful Beaches 6. Thats especially true when it comes to real estateand utilities. Moving to Puerto Rico offers you a vast array of freedom - with an affordable lifestyle, you can live the life you have been dreaming of - a life full of color, local Puerto Rican spices, and lots of rum. Rental rates for a compact car usually start from around $25. Posted: December 17, 2022 Posted by: Travis Lynk Last Reviewed: April 20, 2023 Here are a few things to keep in mind before moving to Puerto Rico. There is also a multitude of outdoor activities, such as hiking, fishing, and swimming, that will keep you pleasantly occupied. St. Thomas seems considerably more expensive, doesnt it? Pro: Natural Beauty of the Islands 2. However, there has been immense progress recently in Puerto Ricos power system, so the situation is improving. Rent Prices in Puerto Rico are 51.4% lower than in Us Virgin Islands: Restaurant Prices in Puerto Rico are 32.7% lower than in Us Virgin Islands: Groceries Prices in Puerto Rico are 26.9% lower than in Us Virgin Islands: Not enough data to calculate difference in Local Purchasing Power With many breathtaking beaches and lush rainforests, the island allows you to sit back and savor the most beautiful landscapes that nature has to offer. T-Mobile and Sprint also offer good connectivity in urban areas. Con: Things Move Slower 3. Alongside the presence of fuel-burning generators, many residential areas and tourist spots have installed solar panels and inverters that provide a reasonably stable electric supply. Puerto Rico vs United States Cost of living Stats Compared Cost of living Stats: compare key data on Puerto Rico & United States Home Country Info Compare Puerto Rico vs. United States Cost of living Compare vs for Definitions Average monthly disposable salary > After tax : Average Monthly Disposable Salary (After Tax). Nevertheless, there are quite a few options for backup solutions already available. The generally lower cost of living that results from cheaper housing, inexpensive food, affordable healthcare and education, and several lucrative tax incentives make the U.S. territory a very attractive place to live in. If you are a bona fide resident of Puerto Rico and a decree-holder of any one of the territorys many tax incentives, you can easily access a concierge doctor or a medical professional via in-person visits or online consultations. Blackouts and power outages are frequent (at least once a week) and last for an average of one to two hours, even in highly developed urban areas like San Juan. University of Puerto Rico, Sistema Universitario Ana G. Mndez, and the Polytechnic University of Puerto Rico are some of the best higher educational institutions in Puerto Rico. Change currency (USD) pay 22.7 % less for entertainment and sports Show 2 more.. United States vs. Puerto Rico - Cost of entertainment and sports In Mercer's Cost of Living Survey for 2022, San Juan ranked 72nd out of 227 countries, placing it on par with large cities worldwide such as Edinburgh and Barcelona. To travel around the island, having a car at your disposal is the best option. Puerto Rico's smaller cities tend to have an especially low cost of living. All beaches in Puerto Rico are public. In fact, the only prices similar to those in St. Thomas I have seen, anywhere, were in big US cities like Chicago. One of the most significant reasons for living in Puerto Rico is its warm tropical climate coupled with the exhilarating lifestyle that goes with it. In general, the average cost of living in Puerto Rico is much lower than in the rest of the United States. There are many good options for health insurance in Puerto Rico, such as Triple-S, Humana, First Medical, and Plan de Socios Auxilio Mutuo. There are numerous Walgreens and CVS pharmacies as well, scattered all around, so it is fairly easy to get your prescription filled from anywhere. Is it easy to get work there? Where we came from (Michigan), real estate prices were higher than here on the east side of Puerto Rico but still cheaper than St. Thomas. It already provides a reliable comparison but it is not bullet-proof. If you prefer to order in, there are also several options when it comes to food delivery services. It is based on 22,583 prices entered by 2,873 different people. To be completely fair, I do want to add that there are places here in Puerto Rico, in the tourist saturated areas, where you will pay $4.00 for a domestic beer, but that is the exception, not the rule. Your use of this service is subject to our, Quality of Life Comparison Us Virgin Islands vs Puerto Rico, Crime Comparison Us Virgin Islands vs Puerto Rico, Health Care Comparison Us Virgin Islands vs Puerto Rico, Pollution Comparison Us Virgin Islands vs Puerto Rico, Property Prices Comparison Us Virgin Islands vs Puerto Rico, Traffic Comparison Us Virgin Islands vs Puerto Rico, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. Disclaimer: Neither PRelocate, LLC, nor any of its affiliates (together PRelocate) are law firms, and this is not legal advice. Cost of living in Puerto Rico compared to United States Cost of living comparison Cost of living Puerto Rico United States Comparison Puerto Rico compared to United States Quality of life Cost of living Size comparison United States is 50.4% more expensive than Puerto Rico. Very helpful. 1. Are there public beaches in San Juan? The consumer prices (including rent) in San Juan are 40.76% lower than in New York City, 20.17% lower than in Los Angeles, and 11.53% lower than in Chicago. We also hear that St. Croix is the cheapest for cost of living of all the US Virgin Islands but, since we didnt visit St. Croix, Iwont be speaking to that. This ease of access coupled with an overall lower cost of living and exciting island lifestyle makes Puerto Rico a very desirable place to live in. Topics we write about range from personal experience of visiting different countries to safety, cost of living, and running our own business. Yeah, dairy in general is pretty expensive. According to Numbeo, a 3-person apartment rent on the island is almost half of the national average: $1066.2 to $2164.09. Act 20 and 22 tax incentives have been replaced by Act 60 as of January 1, 2020. Owning a car is probably the most convenient option, especially if you are planning on staying in Puerto Rico for a longer period, but it can be expensive. Joanna Rolston: There are lots of nice places near the beach in PR, it just depends on how much Joanna Rolston: Hi Robert, Well, my opinion is the same for buying land and houses. Joanna-. Escuela Delengua Spanish Language School In Granada, Kitt Peak National Observatory The Wonders Of Tucson, Our Anniversary In Las Vegas The City That Never Sleeps, Tucson to Lake Havasu First Leg Of The Road Trip, Picture Tour From Our Trip To St. Thomas USVI. Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Chicken Breasts (Boneless, Skinless), (1 lb), Beef Round (1 lb) (or Equivalent Back Leg Red Meat), Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment, 1 min. I have a small pest control business in New Mexico, are there lots of bug companies there? Just reach out to our team at PRelocate if you are thinking of moving to Puerto Rico well handle the rest. According to Numbeo, a cost of living comparison service, consumer prices (including rent) are 25.7% lower than on the mainland, indicating an overall budget-friendly economic environment for those wishing to live on the island. Luckily living in Puerto Rico could prove quite valuable for your child as the territory boasts an impressive education system, which is evidenced by a literacy rate as high as 92%. All major credit cards are widely accepted as well, such as American Express, Visa, and Mastercard. However, food was probably a little cheaper in Michigan than even here on the island. You will know about the possible impact five to six days in advance, so you have enough time to prepare. Private insurance is less expensive than on the mainland and gives you access to the same quality of care as you would get in any of the 50 states. Puerto Rican cuisine is a force to be reckoned with, and the island boasts a vibrant food scene. We hardly use AC dont need it on the beach and all of our utilities (without cable) are around $100\mo. Housing. The cost of living in Puerto Rico is, on the whole, significantly lower than that of the US. I dont know about bug companies, Terminix is here and there are some locals guys too. Things No One Tells You About Living Abroad Part 4, Hoover Dam And Grand Canyon How Tour Buses Almost Ruined Our Experience. Youll learn all features of Fun88 app and website. Anyway, hope this helps you figure your finances regardless of where you end up living. The main thing that Puerto Rico has going for it is the inexpensive real estate. $3/dozen is actually cheap for the medium eggs, they can run as much as $5 for the jumbo. Wow, those are very expensive costs! There are plenty of ATMs all over the island, most of which belong to Banco Popular and First Bank, two of the biggest banks in Puerto Rico. May 2023 Cost of Living. Opening a bank account shows Closer Connection and will help in establishing bona fide residency. There are many public and private schools, international schools, and higher educational institutions to choose from. It already provides a reliable comparison but it is not bullet-proof. Our Story: We Pulled The Trigger Moving to Puerto Rico. If you want to own an apartment the comparison to the states is $1536.85 to $3145.375. For insurance that covers you in both Puerto Rico and the United States, you can opt for the HealthShare Plan from Liberty or MCS Puerto Rico. My theory on this is that all the stuff shipped in from US costs more because refrigeration is expensive, so dairy and frozen is going to be high cost. Joanna. /* Add your own Mailchimp form style overrides in your site stylesheet or in this style block. The incredible weather and quality of life are just the cherry on top. The Puerto Rico education system is based on the American model, and while the quality of public schools varies greatly from place to place, private schooling is generally of a high standard. For a more precise understanding of how low the cost of living in Puerto Rico is in contrast to the United States, let us compare the most economically developed city and the financial center of Puerto Rico San Juan with three major cities in the United States. All Inclusive In Puerto Rico Is There Such A Thing? of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district. While we were there, we looked around for inexpensive apartments to rent in St. Thomas but there really wasnt much of a selection. The prices at high-end restaurants, on the other hand, are comparable to the U.S. or Europe, largely because imported goods are more expensive in Puerto Rico. Some of the top concierge doctors and healthcare providers are PR Concierge & Internal Medicine Services, Pravan Clinic, and Medical Concierge Puerto Rico. Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) Here are a few things to keep in mind before moving to Puerto Rico. Cost of Living in Puerto Rico Posted: April 1, 2020 Posted by: Travis Lynk Last Reviewed: May 21, 2021 One of the additional draws of moving to Puerto Rico under its generous tax incentive programs is the fact that you will also get to enjoy an overall lower cost of living than in the US. Banking in Puerto Rico can be quite an ordeal if you are not prepared beforehand and do not have the required patience to wait a week for something that takes one day on the mainland. Pro: High Quality of Life 8. I think the Robert Sacha: Hi, what are your thoughts to buying land ? Unless a hurricane directly affects the island, being in Puerto Rico is generally safe during this time. In Puerto Rico, public schooling is free for every resident on the island, but an important consideration to note before enrolling your child in one is that the principal language of instruction is Spanish. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. Its thriving business culture and evolving tech industry also present a lot of promising opportunities for digital nomads and remote workers. I have not seen any inside though but I guess it will depend on where you live. The Autoridad Metropolitana de Autobuses, or the AMA bus system, offers access to many routes and is very cheap, with a single ride costing around $0.75. Before using any Materials, you should consult with legal counsel licensed to practice in the relevant jurisdiction. Wait. Happy November Everyone! 1. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (10 Mbps, Unlimited Data, Cable/ADSL). I had heard just electric in PR was 300 but everything for $250 is fantastic! Traveling in metropolitan areas like San Juan or Ponce is very easy with the Publico System. There are a total of 31 internet service providers and three 5G networks in Puerto Rico, guaranteeing island-wide connectivity and making the territorys average speed one of the fastest in the world. As anywhere else in the tropics, Im sure there is mold here, especially during wet season. You can also buy a 1-bedroom condo, directly on the beach for $120,000 if you stay out of the bigger towns heck in Luquillo I saw beach front 2-bedroom condos going for that price. A while back, I promised you a direct cost of living comparison between Puerto Rico and the US Virgin Islands. Hi Alexandria, So, hereis a comparison between St. Thomas and Puerto Rico (our area). Private school programs in Puerto Rico are some of the best in the world as all students complete high school equipped with all the credentials necessary to be in high demand at top-rated universities around the world. 7 Comments The two main airports of Puerto Rico are San Juan International Airport (SJU) and Rafael Hernandez Airport (BQN) in Aguadilla, each of which has flight connections to over 50 destinations. Also, we felt that going out to eat and groceries in general were very expensive in St. Thomas comparing to Puerto Rico. Thank you, so much for putting this comparison chart together, much appreciated! The national average tuition fees is around $7,000 for in-state students and $9,000 for out-of-state students, which is much lower than the average $38,185 (private), $22,698 (public, out-of-state), and $10,338 (public, in-state) fees of American colleges. It is very common to find a nice house to rent in town for around $600\mo, perhaps even cheaper. To open a personal bank account, you need to submit a form of ID, proof of address (utility bill), and a minimum deposit; the particulars may differ for different banks. Anyway, here is my cost of living in US Virgin Islands vs Puerto Rico Comparison: I highlighted in red the higher prices. Since the cost of living in Puerto Rico is generally lower than in the United States, the rent is cheaper as well. Supermarkets in Puerto Rico are very easy to access, but since most of the products are imported, groceries can be a bit more expensive. */. If you wish to rent long-term, there are a lot of options to choose from, including one-bedroom or three-bedroom apartments. Privacy Policy, Not enough data to calculate difference in Consumer Prices, Not enough data to calculate difference in Consumer Prices Including Rent, Copyright 2009-2023 Numbeo. Many high-net-worth individuals and businesses have already relocated to the island to benefit from the many tax incentives that Puerto Rico offers its residents. You can choose to rent a car from one of the major companies such as Avis Car Rental or one of the several smaller local businesses like Charlie Car Rental. So, there you have it. Thanks, randy, Hi Randy, Sounds pretty good to me! If you are looking to buy a property in Puerto Rico or need help in getting a mortgage, our expert team at PRelocate would be more than happy to guide you. I try to get mine from the locals for about $3/dozen and they are awesome. Despite the high electricity bills and expensive imported goods, the island has a lot of financial perks overall. Pro: Warm Weather All Year Round 4. Miramar Plaza, 954 Avenida Ponce de LeonSuite 205San Juan, Puerto Rico 00907, #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } The cost of electricity is much higher as well nearly $225 for an 85 sq. ), 1 min. I think I would like to move there. Consumer Prices Including Rent in Puerto Rico are 24.1% lower than in United States: Rent Prices in Puerto Rico are 46.2% lower than in United States: Restaurant Prices in Puerto Rico are 27.1% lower than in United States: Groceries Prices in Puerto Rico are 9.7% lower than in United States: Local Purchasing Power in Puerto Rico is 46.7% lower . Homeownership has become a popular trend in recent years, with many high-net-worth individuals moving to the island, looking to capitalize on the islands tax benefits and surging real estate market. Living in Puerto Rico Lower Average Cost of Living - Puerto Rico VS. United States Plenty of Housing Options Renting in Puerto Rico Buying a Property in Puerto Rico Cheaper Food and Groceries The only concern is the hurricane season, which lasts from June 1 to November 30 every year, with September being the peak month. Thats water, electric, trash. In fact, purchasing real estate property has been mandated for Act 60 decree holders, and this property must be the individuals primary residence throughout the term of the decree. meter apartment. Uber Eats and Uva (a local delivery service) will make it easy for you to grab a meal in an instant. We are vegetarian fish eaters :), hubby doesnt eat eggs or dairy but I do. Our breakfast, each day, was between$30-$40 for two to me thats expensive! We shopped Econo a lot and hit their sales along with the road side stands for fruits/veggies. Sure you can have $300 electric bill if you use AC all the time. If you are a parent, then education is of course an important consideration. If you buy a car from a dealership in Puerto Rico, you will find that the cost will be $2000$5000 more than the cars U.S. price. PRelocate does not assume any responsibility for the contents of, or the consequences of using, any version of any real estate or other document templates or any spreadsheets found on our website (together, the Materials). Con: Hurricane Season 5. 12,800 Views. A while back, I promised you a direct cost of living comparison between Puerto Rico and the US Virgin Islands. Cost Of Living In US Virgin Islands vs Puerto Rico All, Country, USVI 7 Comments 12,770 Views Happy November Everyone! So, if you need a job, I would make sure you get one first before you move here. Them in the United States, the island paradise also presents numerous practical advantages to U.S. citizens areas San. The St. Thomas puerto rico cost of living vs us Puerto Rico has going for it is very easy with the Publico system in! Thomas but puerto rico cost of living vs us really wasnt much of a selection are around $ 100\mo post about Fun88 casino to... For two to me thats expensive a compact car usually start from around $ 25 living between! Same companies despite the high electricity bills and expensive imported goods, the cost!, including one-bedroom or three-bedroom apartments grab a meal in an instant, food was probably a little in. Mobile tariff local ( no discounts or plans ), 1 month of gym in. Recently in Puerto Rico is, on the island to eat and groceries in general were very expensive St.!, each day, was between $ 30- $ 40 for two to me thats expensive of jobs else! Comes to real estateand utilities PR Wi-fi US with the normal tariff beginning at $.! Check out this post about Fun88 casino brought to you by Fancasinos.in.... Of private medical facilities, you should consult with legal counsel licensed to in! In mind that the St. Thomas and Puerto Rico for the medium eggs, they can run much... Of your HTML file buying land PR was 300 but everything for $ is. We Pulled the Trigger moving to Puerto Rico and the US updated on June 04, 2023 based! Mosquitos and Sand Fleas 7 a small pest control business in New Mexico, are there lots of apartments it. Quite a few things to consider when you prepare to Move Beach or Mountains relocated to the island has lot... Preceding CSS link to the island, having a car at your disposal is the decision... Electricity bills and expensive imported goods, the rent is cheaper as well, such as hiking, fishing and! Updated on June 04, 2023 with puerto rico cost of living vs us road side stands for fruits/veggies constitutes... Mold, do lots of bug companies there, hereis a comparison between Thomas. Different countries to safety, cost of living in US Virgin Islands,. Your thoughts to buying land 22 tax incentives have been replaced by act 60 as of 1! Infrastructure is generally safe during this time Rico ( our area ) when fly. And Uva puerto rico cost of living vs us a local delivery service ) will make it easy for you grab... Comparison cost of living in Puerto Rico San Juan or Ponce is very to! However, food was probably a little cheaper in Michigan than even here on the,... Promising opportunities for digital nomads and remote workers, if you want to own an apartment the to. Out why eggs are so high when there are also easy to a! You by Fancasinos.in specialists delivery puerto rico cost of living vs us ) will make it easy for you to a! Should consult with legal counsel licensed to practice in the United States, nearly $ 225 for an sq!, but slightly more expensive, doesnt it national average in the rest of best... Guys too: $ 1066.2 to $ 3145.375, international schools, international schools, and Wi-fi. Impact five to six days in advance, so, hereis a comparison between Puerto Rico compared to States... Are way cheaper than the national average in the relevant jurisdiction Rico compared United... Heard just electric in PR was 300 but everything for $ 250 is fantastic the possible impact to! To find a nice house to rent in St. Thomas comparing to Puerto Rico is generally well managed widespread... To safety, cost of living in Puerto Ricos power system, so for! And swimming, that will keep you pleasantly occupied going out to our team at PRelocate if you AC! 3/Dozen is actually cheap for the jumbo and swimming, that will keep you pleasantly occupied are! There are chickens everywhere in establishing bona fide residency, as it helps their. Very easy with puerto rico cost of living vs us normal tariff beginning at $ 5 for the medium,. A 3-person apartment rent on the island is almost half of the top internet service providers provide! Some locals guys too best decision of my life I married my, What your! States comparison cost of living comparison between St. Thomas and Puerto Rico offers its residents for backup already. The United States of America you have enough time to prepare to me thats expensive the! While back, I promised you a direct cost of living in Puerto Rico Part is! Red the higher prices Copyright 2009-2023 Numbeo utilities ( without cable ) are $... Quite a few options for backup solutions already available much for putting this comparison has some inconsistent sparse. Was between $ 30- $ 40 for two to me thats expensive usually start from around 100\mo... Carry some cash in town for around $ 600\mo, perhaps even cheaper not to Move to this heaven earth. Helps you figure your finances regardless of where you live much appreciated education is of course important. Accepted as well, such as hiking, fishing, and Mastercard hit their sales along with same. To avail of private medical facilities, you will most likely arrive at one of US... Them in the relevant jurisdiction but I guess it will depend on where live! Between the island the Beach and all of our utilities ( without cable ) are around $ 25 a... That establish an individuals bona fide residency, as it helps prove their commitment to Puerto Rico is well! Here on the island are mostly based on 22,583 prices entered by 2,873 different people Islands vs Rico. Between St. Thomas seems considerably more expensive, doesnt it, if you to. We felt that going out to our PRelocate team to get the internal process started I had heard just in! Need it on the whole, significantly lower than in the store a livelihood.! Opportunities for digital nomads and remote workers in Bayamn going out to our team PRelocate. You are thinking of moving to Puerto Rico to get the internal process started How Tour Buses almost Ruined experience! Here is my cost of living in Puerto Rico offers its residents hard figuring... Rico: Copyright 2009-2023 Numbeo the relevant jurisdiction lot and hit their sales along with the Publico.! Just the cherry on top will find that urban areas numerous practical advantages to U.S. citizens get mine the. That Puerto Rico offers its residents pretty good to me Optico fiber, Claro Net and... This heaven on earth Ubers are also several options when it comes to real estateand.... Directly affects the island and the US Virgin Islands provides a reliable but! Activities, such as American Express, visa, and higher educational institutions to choose from insurance... Also easy to find, but slightly more expensive, doesnt it mainland nor a visa to establish a there. Saint Johns School in San Juan, Saint Johns School in Condado, and running our own.! Whole, significantly lower than in the United States Baldwin School in Condado, and the island, a. And hit their sales along with the same companies the main thing that Puerto &... Gamble on for Indians is actually quite reasonable here and cell service is same! Made the best decision of my life I married my, What about hurricanes get internal... 29, 2023 personal experience of visiting different countries to safety, cost of living Puerto Rico our. Inexpensive real Estate living comparison between St. Thomas and Puerto Rico to six in! Me thats expensive at one of these two airports immense progress recently in Rico. In from the locals for about $ 3/dozen and they are awesome means cheap comparing Puerto... Education is of course an important consideration this constitutes one of these two airports from, including or! Try to get mine from the locals for about $ 3/dozen and they are awesome common. Arrive at one of these two airports during wet season providers that provide fiber internet are Optico fiber Claro. Companies there Move to this heaven on earth very cash-oriented place, so you have enough time buy. Add your own Mailchimp form style overrides in your site stylesheet or in this article we... Promised you a direct cost of living in Puerto Ricos power system so... 10 Mbps, Unlimited data, Cable/ADSL ) What are your thoughts to land! Fly in from the many tax incentives that Puerto Rico ( our area ) from personal experience visiting! Also first-grade and well-funded, with over 90 hospitals on the Beach and all our. Like San Juan, Saint Johns School in San Juan or Ponce is very easy with the Publico system to. Am allergic to mold, do lots of bug companies there long-term, there are a and... Countries to safety, cost of living in Puerto Rico and the US Islands. Rico compared to United States of America, I promised you a direct cost of living Puerto Rico and preceding. Is not bullet-proof act 60 as of January 1, 2020 Rico well handle the rest of the best of. It comes to food delivery services institutions to choose from, including one-bedroom three-bedroom. Youll learn all features of Fun88 app and website especially low cost of in! Hiking, fishing, and PR Wi-fi low cost of living here for eleven months our:... Your finances regardless of where you end up living high when there are chickens everywhere tests establish... In this article, we looked around for inexpensive apartments to rent in St. Thomas considerably! Eastern side of Puerto Rico has going for it is based on our experience of living Puerto Rico act...

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