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Fort Buchanan

Cost of Living

In general, the cost of living in Puerto Rico is between 9% to 21% lower than in the United States, but it's not cheap. The total monthly cost of living in Puerto Rico typically ranges from $1,800 to $2,400 for essentials. A large portion of salary will go to expenses on housing, utilities and groceries. Nevertheless, it's an affordable location for any budget.

Housing prices are more expensive in the city in comparison to the lower costs of the surrounding suburbs. Smaller cities outside of the San Juan Metroplex are cheaper than living within the capital, but if you have the financial ability to purchase a home, this is the best option.

The cost of rental housing is comparable to mainland United States. Apartments are common and may be more expensive than single family homes depending on where you choose to live. Most often, a home purchased on a 30-year mortgage will have a monthly mortgage payment that is significantly lower than an apartment's monthly rent.

Utility costs can average between $100 to $300.

Although most things in Puerto Rico are cheaper than in the U.S., sales taxes are higher at 11.5%. The sales tax on prepared food is 7%.

In general, the cost of living in Puerto Rico is estimated to be 9% to 21% lower than in the mainland U.S.; however, living costs can still be significant. Monthly expenses for basic necessities typically range from $1,800 to $2,400, depending on household size, location, and lifestyle. Housing, utilities, and groceries generally account for a substantial portion of monthly expenses.

Housing costs are generally higher in urban areas than in surrounding suburbs. Smaller cities outside the San Juan metropolitan area may be less expensive than living in the capital area. For individuals who can afford to purchase a home, homeownership may be a more cost-effective long-term option.

Rental housing costs may be comparable to those in the mainland U.S. Apartments are common and, depending on location, may cost more than single-family homes. In some cases, the monthly payment on a home purchased with a 30-year mortgage may be lower than the monthly rent for an apartment.

Monthly utility costs typically range from $100 to $300.

Although many goods and services in Puerto Rico may cost less than in the mainland U.S., the general sales tax is 11.5%. The tax on prepared food is 7%.

Note: Cost-of-living estimates, housing costs, utility rates, and tax rates can change. Source: Puerto Rico Department of Economic Development, 2026.