Have specific questions? Contact or chat with us.ĭisclaimer: Neither PRelocate, LLC, nor any of its affiliates (together “PRelocate”) are law firms, and this is not legal advice. Everyone’s situation is different, but in general, living in Puerto Rico is cheaper than living in the Mainland U.S. Puerto Rico’s low expenses are one of the main draws of people to the island-alongside, of course, its beautiful weather and vibrant culture. With this setup, it’s easy to live a luxurious life in Puerto Rico. Businesses that qualify for the Export Services tax incentive are based in Puerto Rico but export their services overseas, meaning they can boost their income through Puerto Rico’s lower cost of living, since their revenue comes from abroad. Under tax incentives like the Act 60 Export Services incentive, you can live a better life in Puerto Rico than in the Mainland United States. Source: Numbeo Live a Better Life in Puerto Rico Meal for 2 in fast food chain (Burger King, etc.)ġ BR apt. In San Juan, the average three-bedroom apartment in the city center costs $1,532.35 per month, whereas it would be $6,805.79 in NYC. You’re almost guaranteed to pay significantly less in San Juan for an equivalent apartment or house in New York City, with savings around 300%. When it comes to the most important expense, though-rent or housing prices-San Juan is clearly far superior to New York City. Similarly, you’ll have to pay more for utilities in San Juan-not everything is better. However, taxis, gasoline, and new cars are, surprisingly, more expensive in San Juan. In San Juan, you can use public transportation for significantly less than in NYC-a monthly pass is nearly 300% cheaper. Supermarket prices are also generally lower, varying depending on the food, but expect to save around 50% on your overall grocery list. Good news for beer lovers: it’s as much as 160% cheaper. Restaurant meals are much easier to afford in San Juan, with prices 50% to 70% lower. Overall, the living costs in San Juan are roughly 50% of those in New York City.
city, anywhere in Puerto Rico will be considerably cheaper. If you are moving from a rural area to San Juan, the price differences may not be so stark, but in general, if you are moving from a U.S. Here, we’ll compare the two most expensive cities in Puerto Rico and the U.S.-San Juan and New York City-using data pulled from Numbeo to give you a rough idea.
Therefore, it’s impossible to give a comparison that will be accurate for all situations. The cost of living varies across different regions of Puerto Rico, and the same is true for the U.S. It is American yet offers an island paradise lifestyle with relatively low prices: in other words, it’s the perfect destination for Americans looking to relocate. territory, it has developed its own economy and laws as a Caribbean island. What’s really great about Puerto Rico is that the quality of life is high and residents can access state-of-the-art health care, high-speed internet, and exciting cultural experiences, all for a lower price than in the Mainland U.S. citizens: the beautiful weather, the vibrant Caribbean lifestyle, and, of course, the comparatively low cost of living. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.Living in Puerto Rico under one of its many tax incentive programs offers numerous advantages to U.S. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. Although the increase in comparison to the previous years, the Big Mac burger price is still one of the lowest in Latin America. The average price for a Big Mac burger in Mexico was estimated at 3.34 U.S. The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy.