So while the overall cost of living is relatively similar to what you’d find in the U.S., you’ll likely save a significant amount on housing and have more money to spend elsewhere.
My husband and I are considering retiring to PR in the next 5 years or so. I am a master tech in automobile and diesel repair including large emergency generator repairs .. Are there jobs of this type located on the island? If they became a state then there trade market would open. Life is always fun when you meet new people around. It is home for mosquitoes, sand fleas, scorpions, crabs, mongooses, and other harmful creatures that can bite and spread infectious diseases to you. @Myra I think the tax question is for a professional. Having said this, my condo as most in the area do has a generator and short interruptions in electrical service are very common – especially during electrical storm which are quite regular.
Our company helps people like you take advantage of Puerto Rico’s excellent tax incentives! As mentioned earlier, groceries are more expensive because so much has to be imported. I write full time. Our emergencies were handled quickly, though.
English and Spanish are both official languages, and though many Puerto Ricans are more fluent in Spanish, you don’t have to learn it to get around.
While it’s smart to consult a financial advisor on your retirement plans, we’ll walk through the basics of retiring in Puerto Rico.
Is Ponce safe? We’ll likely not risk the chance and move back to the states- maybe for good. Wilma, when purchasing you’re supposed to have access to the building financial statements – make sure your agent understands you’re not purchasing without reviewing the building’s financials. Contamination everywhere?
Live in the Carolina’s and miss it everyday! I saw your post and I wanted to comment because I lived in Rio Mar for 3 years. – and we have heard stories about people who hired local companies that made big promises that ended in disappointment. 17 Big Pros and Cons of Puerto Rico Becoming a State. You would have to find a small place and there is no harm in trying!
However, it depends upon your choice and circumstances that you are on.
Other than the wait, the healthcare is excellent. Often in some areas. beautiful beaches, gorgeous sunsets, friendly people (as long as you give them the right of way).
Gas here is sold by the liter and all gas stations are pre-pay. Attending these festivals allows you to be more social and meet lots of people from different ethnic groups.
Good luck to you! Jim Barnash is a Certified Financial Planner with more than four decades of experience. Frugal spenders should be able to live well while enjoying everything that makes Puerto Rico a desirable country to reside in. I’m looking on making a move to PR, but am trying to get all my ducks in a row and do the proper research ( this article and all the comments are helping on what to expect). I work in the social service field assisting Homeless Veterans in NYC. what is the average cost per month to live and what areas are safer to live in. Congratulations on your new house! Lived in PR from 2009-2014 and still voted absentee in Massachusetts, while living in Puerto Rico. http://america.aljazeera.com/articles/2015/9/4/puerto-ricos-health-system-in-critical-condition.html. The most sad exception is that the people here are ‘warm, friendly and helpful’. Remember that you are on Island time, so anything you do such as turning on light, water etc. Or there’s one trailer park that I know of – Trailer Park del Atlantico, Calle Amador Brall, Camuy, Puerto Rico. Local would be best but a good facility, where he can be happy is most important where ever on the island that might be. I’ve put together a BIG list of the pros and cons of living in Puerto Rico so you can decide whether moving to this beautiful island is the right choice. Living in Puerto Rico–even for a short time–can be a wonderful adventure or full of stress and culture shock, depending on your expectations and resources. I really don’t know how Medicare works in PR (I mean I don’t know how it pays for medical prescriptions) but your income seems fine for a good life here. It's three weeks into 2018, and I'm scared shitless. Very dog friendly, beautiful parks and beaches. Our heartaches, less painful?” Similar to Matt’s idea about people who live in Hawaii, island life in Puerto Rico is life in the real world – piña coladas and all- and it’s complicated. It is one of those places where knowing the right people is still extremely valuable. We DO NOT have squirrels, only ignorant people who can’t tell the difference between a squirrel and a mongoose. My hubby and I are doing the same. As we begin the process, I am wondering if there is a way to find out the financial condition of the condo association?
However, it’s still important to do sufficient research when considering places to live, as some areas lack the infrastructure that you might be used to in America. And all in some of the best beaches in the world! This is definitely worth considering if you want to retire here. Use our, Before you decide to retire in Puerto Rico, it might be a good idea to talk to a. Christie, $2300 is tight (especially if you have health issues), but doable. LUVMNM328@YAHOO.COM, Hi Lori: I am also planning early retirement to Puerto Rico some time in the later part of 2016. Thanks so much! will take a full day. I too live on a fixed income of $1,000. Is Puerto Rico able to get American TV shows? Yes, Puerto Rico does have the same coverage and plans but I think the amounts might vary. The only issue I see so far is that we don’t speak Spanish so living in OSJ was fine but not sure of any other areas. It is really sad what has happened to what was once a beautiful island! Thanks, I am looking to purchase a villa in Rio Mar as a second home. A con for me has been finding any job that doesn’t have a bilingual requirement. And it is true, that having a good time and partying for any reason trumps responsibility and in many instances good manners.
Great for boat get away to change scenery going to Icaco’s, palominos, Culebra which has the best beach in the Carribbean Flamenco beach! Yes, per kilowatt our costs are higher but it is not necessary to consume as much. Aguadilla is a beautiful town. House supplies, junk, old used and burnt out cars left in rural areas, rivers and abandoned places. David Green you should be fine .
It is true…you can vote by absentee ballot IF you don’t become an official PR resident and reside in the U.S. much of the time. How Is It Possible To Only Have A High School Diploma And You Are More Financially Stable ..?
Which area would you recommend in vieques? 3- I think the answer is yes, but you should verify the rules with the health and safety workers. You electricity will go out. Our town continues to grow with new restaurants, hotels, construction of condos by the beach. Traffic in San Juan and surrounding areas, Hurricane season from May to November (but the locals don’t care), Everything (especially in the government) has to be done in person. Water service has never gone (only 2 days because of a broken tube in the time I have lived here which has been since I arrived to PR). Something that could also be a CON, we use the metric system for some things, which can be confusing for some state residents. Suggestions welcome! Not all the public schools are bad, there are some specialized schools and some are great. We have excellent (including 5 star) hotels and golf courts consider by players as the best. There are three prominent parties in Puerto Rico – the Statehood, Commonwealth, and Nationalist parties. I wish i could go back to puerto rico & live there all my life.
I am trying to learn Spanish but that’s not good enough! There’s another tax-related benefit for Americans living in Puerto Rico. Hi Deidre,
Unfortunately, considering all of the cons that I have experienced, the pros do not outweigh them at all . And we are mostly medium class economy. college and private school IS REALLY cheap. The cheap cost of living combined with beautiful landscapes and a tropical climate are a dream come true for many.
We've filed all the paperwork. Just wish we could turn economy around to provide growth and jobs.
Also NO overcast skies and sun does not set before 6pm! I want to know if the tax breaks are real if you live in PR and do business with mainland US clients.
I use to live in Sabana Grande when I was a kid and young adult. People gather around to celebrate and enjoy together.
from the University of Texas at Austin. What are some nice neighborhoods there?
Spanish is the primary language in both types of schools, but English is also taught in both.
Similarly, on March 2, 1917, the United States finally granted Puerto Ricans U.S statutory citizenship. Its how you say acre in spanish.
It is a beautiful island and would love to live there. In Puerto Rico the overall cost of living is about 13% higher than the mainland United States. Hospitals and doctors suck, dont get sick or you will spend 24 hrs waiting before any doctor can see you. Did we emphasized on the awful traffic and awful public transportation system. Good luck to both!
More than twice as many Democrats vote in primaries on the island than Republicans. That being said, I am guessing that when we are down there in February, the more informal/walk in approach might work better. Paddle boarding, canoeing, hiking, cycling, snorkeling, swimming, zip lines, horses! Terry — Did you get any answers? We have been here 2 years, and while there are things we dislike, the pros outweigh the cons. Since the country is a part of the United States, you can easily use the Medicare card for health-related problems.
I wonder if anyone planning to visit would like to share the expense of a apartment while we look around.
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