Whether you’re planning to move to Puerto Rico for business or pleasure, it’s important to know the cost of living on the island. While the cost of living in Puerto Rica is lower than that of the US, it’s still not cheap. According to the Mercer’s Cost of Lives Survey, San Juan is ranked 66th out of 209 cities based on the cost of living. In other words, it’s on par with cities like Amsterdam and Sydney.
Although Puerto Rico’s economy is projected to contract by about 2% this year, there are still many positive aspects, including low crime rates.
Monthly utility costs for a two-bedroom apartment for two people are approximately $200-300 US dollars. You can choose between several different internet providers for the same price. High-speed internet costs don’t exceed 50 US dollars per month. Public transportation isn’t very good, so you’ll need to rent a car or use a taxi or drive share app.
Renting a one-bedroom apartment in San Juan will cost about $310 per month.
However, if you’re looking for a more affordable rental, consider renting a two-bedroom apartment in a more affordable area of the island. Aguadilla’s low-cost housing will help you save money while renting a home in Puerto Rico. The island’s average mortgage rate is the same as in the US.