The cost of living in Puerto Rico, like in many other Third World nations, is quite low. Apartment buildings are the most common type of building on many blocks in the metropolitan areas. Apartment buildings are usually cheaper than single-family houses and are very common. As in many other places, housing is generally cheaper in urban cities and is more expensive in outlying rural suburbs.
A key factor contributing to the low cost of living in Puerto Rico is the low cost of imported goods into the country. The United States is one of the largest importers of goods in the world. The cost of importing goods from the United States is substantially lower than the cost of bringing goods in from foreign countries. This low cost of importing goods has made it possible for a lot of American goods to enter the market via the importation of goods from other countries. This, in turn, has reduced the cost of manufacturing and selling goods in Puerto Rico.
The cost of living in Puerto Rico is also dependent on the amount of imported oil that is used in the country. Puerto Rico receives considerable amount of oil shipments every year from the United States. The amount of crude oil imports has considerably reduced over the last few years, as the cost of crude oil has dropped considerably in United States. In fact, the average prices of gasoline in many parts of the northern part of the country have decreased as compared to the cost of crude oil in the southern part of the island.
Another aspect of the cost of living in Puerto Rico that has made it a popular choice for many retirees is its favorable climate. Average temperatures in this part of the world are warm and sunny months. The rainy season is brief in duration and then the temperature is moderate during the rest of the year. The best time to plan a vacation or even just to visit family and friends in this part of the world is during the months of January and February.
As a result of the low cost of health services in this part of the world, retirees from the United States can find quality healthcare facilities more readily available to them compared to retirees from the United States. Medical costs in the United States are much higher than costs in many other countries. The cost of medical care in Puerto Rico can be very affordable for retirees coming from the United States because Puerto Rican doctors are trained at American levels of training. In addition, American nurses are trained in much higher quantities than the number of Puerto Rican nurses available in the country.
As Puerto Rico gains more popularity as an exporter of goods that are manufactured in the United States, more US citizens will want to retire there. If you are currently planning to retire to Puerto Rico, then you have many reasons for doing so. You are not just likely to find a better standard of living. You are also likely to find more affordable health services as well as more favorable labor conditions.