Puerto Rico is, by any standard, a very beautiful place to visit. It has a wonderful climate year-round, beautiful beaches and culture. It’s also relatively safe compared to the rest of the United States. All that sounds great to most people, but it begs the question: should I move to Puerto Rico? If you do decide to move there, what is the Puerto Rico job market like? This article will help you find your answer.
What is the Cost of Living in Puerto Rico?
Before you decide if you should move to Puerto Rico, you’ll want to know how expensive it’s going to be. When it comes to the cost of living in Puerto Rico, there are a few good things and a few bad things. Luckily, for most people, the good things outweigh the bad. Let’s start with the bad things and get them out of the way.
The overall cost of living in Puerto Rico is 13% higher on average than the contiguous United States. One of the reasons for this is something that happened way back in 1920; the Jones Act. Anything shipped here must go through the mainland United States first. That makes groceries about 23% higher. When combined with an 11.5% sales tax, that makes shopping for food and many other items quite a bit more expensive.
On the bright side, any fresh produce that you purchase from “mom and pop” shops is much cheaper. There’s a huge variety of locally grown produce in Puerto Rico. Even better, there are NO property taxes on your residence. You heard us right. Additionally, there are no taxes on social security, retirement income, and IRAs. Last but not least, the money that you earn in Puerto Rico has no federal income taxes to pay either. So, we think the pros pretty much outweigh the cons on this one.
Places to Live in Puerto Rico
If you move to Puerto Rico purchasing a home is your best option. Housing prices are very low in Puerto Rico right now. Generally speaking, prices are lower than the housing prices in the rest of the United States by about 25%. That means your mortgage payment will be significantly lower in Puerto Rico. If you decide to rent, the rental prices are about 25 to 30% lower than the mainland. As for the community? There are so many beautiful neighborhoods in Puerto Rico, it’ll be hard to choose one!
How is Healthcare and Insurance in Puerto Rico?
When you move to Puerto Rico, healthcare looks a little different. Since Puerto Rico isn’t technically a state, there’s no Affordable Care Act. Most employers do not provide health insurance either. That means you’ll need to purchase it through the private sector. While that might sound bad, healthcare plans are much less expensive in Puerto Rico.
Want to hear another positive? Medical and dental in Puerto Rico is less expensive, but it’s still just as good (or better) in most cases. One big difference is that you won’t be able to make a typical appointment. Instead, you’ll put your name on a list and, when they call your name, it’s your turn. Knowing this, many Puerto Ricans sign in and leave the doctor’s office for a few hours.
How is Education in Puerto Rico?
With a 90% literacy rate, you can rest assured that the public schools in Puerto Rico are quite good. If you want your child to be bilingual, Puerto Rico is the perfect place to move. The primary language taught in the school system is Spanish, but they also teach English.
Puerto Rico Jobs: What Are They Like?
When most people think about Puerto Rico they think “tourism hub”. The fact is, however, that Puerto Rico offers many career opportunities if you decide to move here. Since Puerto Rico is a part of the United States, you won’t need any special paperwork to find employment. The average minimum wage in Puerto Rico is also significantly higher than the rest of the US. Thinking about getting a job in Puerto Rico? Here’s a relatively shortlist of the most in-demand Puerto Rico jobs:
- Retail Salespersons
- Registered Nurses
- Police Officers
- Accountants and Auditors
- Elementary School Teachers
- Administrative Assistants
- Laborers and Freight Workers
- Social Workers
- Pharmacy Technicians
How to Make Friends in Puerto Rico
Puerto Rico is a notoriously friendly and community-centered place. In our experience, Puerto Ricans are very family-oriented, respectful, and humble. They are also industrious, hard-working, and enjoy life to the fullest. So if you’re asking yourself “should I move to Puerto Rico” just know, you’ll make friends in no time.
Where to Store Your Household Goods
If you move to Puerto Rico with your household goods, we recommend a self-storage unit. That way, when you arrive, you can take your time to find a home or apartment to buy or rent. You can enter into your self-storage unit and take out things if you need them. To find out more, give the self-storage experts at Southern Self-Storage call. You can also visit our location map to find a facility near where you want to move!
Are You Ready to Take the Jump?
The decision to move to Puerto Rico from the contiguous United States is a big one, no doubt. However, Puerto Rico is a beautiful place with job opportunities and unique perks. If you have any questions about moving to Puerto Rico or renting a storage unit, let us know in the comments section!