Puerto Rico Recommended Spending Percentages
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How to fill out Recommended Spending Percentages?
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FAQ
With an average salary of around 1800$, people of Puerto Rico can live relatively comfortably, even with the high prices throughout the country.
Households in Puerto Rico have a median annual income of $20,474, which is less than the median annual income of $65,712 across the entire United States. This is in comparison to a median income of $20,296 in 2018, which represents a 0.877% annual growth.
That being said, Puerto Rico is still more expensive than the majority of countries around the world and is one of the most expensive areas in Latin America, so don't expect things to be as cheap as they would be in Thailand or Vietnam.
How much should I budget for a trip to Puerto Rico? A week's expenses in Puerto Rico for two people can range between $1,200 and $2,300. Visitors should always budget $200 or $300 more in case of any emergency.
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.
For a week stay $200-300 cash should be enough. Most places accept credit cards; some small vendors may have a cc minimum amount of $10 (to cover POS charges).
Exit Fees. Be prepared to pay an exit fee at the airport when you're leaving Puerto Rico. Bring U.S. cash, since the airports do not accept checks, debit cards or credit cards for this exit fee.
The cost of living in Puerto Rico is, on the whole, significantly lower than that of the US. However, it's still by no means cheap. In Mercer's Cost of Living Survey for 2020, San Juan ranked 66th out of 209 countries, placing it on a par with large cities worldwide such as Sydney and Amsterdam.
Family of four estimated monthly costs are 3,071$ without rent. A single person estimated monthly costs are 884$ without rent. Cost of living in Puerto Rico is, on average, 6.06% lower than in United States. Rent in Puerto Rico is, on average, 55.99% lower than in United States.
