$7.25.
The current minimum is $7.25 an hour. Puerto Rico’s minimum wage will automatically increase to $8.50 per hour on Jan. 1, 2022, and to $9.50 per hour on July 1, 2023, for all employees covered by the Fair Labor Standards Act.
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What is Puerto Rico’s minimum wage 2021?
$8.50
Puerto Rico has enacted the Minimum Wage Act, Act No. 47-2021, increasing the Island’s minimum wage from $7.25 to $8.50 effective January 1, 2022.
What is the average hourly wage in Puerto Rico?
Puerto RICO Salary
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $104,000 | $50 |
| 75th Percentile | $87,500 | $42 |
| Average | $54,810 | $26 |
| 25th Percentile | $22,000 | $11 |
Is Puerto Rico poor?
In comparison to the different states of the United States, Puerto Rico is poorer than the poorest state of the United States, with 45% of its population living below the poverty line. However, when compared to Latin America, Puerto Rico has the highest GDP per capita in the region.
What is Puerto Rico unemployment rate?
This statistic shows the unemployment rate in Puerto Rico from 1999 to 2020. In 2020, 11.17 percent of the total labor force in Puerto Rico was unemployed.
Puerto Rico: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2020 | 11.17% |
| 2019 | 8.3% |
| 2018 | 9.2% |
| 2017 | 10.8% |
Is it inexpensive to live in Puerto Rico?
The cost of living in Puerto Rico is not as exceptionally affordable as some of the other well-known retirement destinations like Panama. However, compared to mainland US, the costs are lower. The most significant price difference is in rent, which is an average of about 50% lower than the mainland.
What is a high income in Puerto Rico?
Data for the municipalities of Puerto Rico is from the U.S. Census Bureau (2013-2017 American Community Survey 5-Year Estimates).
Puerto Rico municipalities ranked by per capita income.
| Rank | 1 |
|---|---|
| Municipality | Guaynabo |
| Per capita income (2017) | $24,264 |
| Median household income (2017) | $34,060 |
Is Puerto Rico cost of living?
Summary: Cost of living in Puerto Rico is, on average, 3.75% lower than in United States.Rent in Puerto Rico is, on average, 55.63% lower than in United States.
Is Puerto Rico poorer than Mexico?
Puerto Rico has a GDP per capita of $39,400 as of 2017, while in Mexico, the GDP per capita is $19,900 as of 2017.
Is Puerto Rico richer than Dominican Republic?
Puerto Rico has a GDP per capita of $39,400 as of 2017, while in Dominican Republic, the GDP per capita is $17,000 as of 2017.
What is the poorest US state?
New Hampshire
States, federal district, and territories
| Rank | State | Supplemental Poverty Measure (2017–2019 average) (Geographically Adjusted) |
|---|---|---|
| – | United States | 11.7% |
| 1 | New Hampshire | 8.3% |
| 2 | Utah | 8.0% |
| 3 | Maryland | 12.0% |
What is Puerto Rico employment rate?
Employment Rate in Puerto Rico averaged 38.85 percent from 1990 until 2021, reaching an all time high of 44.70 percent in March of 2006 and a record low of 33.40 percent in September of 2014.
What is the typical food in Puerto Rico?
Here are the Puerto Rican foods you won’t want to miss:
- Tostones. PIN IT.
- Arroz Con Gandules. Arroz con gandules is actually considered the island’s national dish.
- Alcapurrias. Made with yucca and plantains, alcapurrias are fritters filled with ground beef.
- Empanadillas. PIN IT.
- Mofongo.
- Pernil.
- Rellenos de Papa.
- Pasteles.
Who is the most famous Puerto Rican?
The list of accomplishments from Puerto Rican celebrities is endless, and it should definitely bring a sense of pride to all Latinos. Jennifer Lopez, Marc Anthony, and Ricky Martin are among some of the world’s most famous performers.
Can you live on $1000 a month in Puerto Rico?
A monthly budget of $1,000 per month in Puerto Rico is going to be tight and likely will not provide you with a comfortable retirement.The average rental cost for a 1-bedroom apartment in Puerto Rico is $420 per month, and the average for a 3-bedroom apartment is $640 per month.
How much money do you need to live comfortably in Puerto Rico?
Total monthly expenses should typically be a total of four times your monthly rent, so you can expect to retire comfortably in Puerto Rico on about $2,000 per month. Even the more expensive parts of the island are still less expensive than most major U.S. cities.
How much is a gallon of milk in Puerto Rico?
A gallon of milk in Puerto Rico costs about $2.99, while the average US price is $2.39.
What is the most common job in Puerto Rico?
The most common jobs held by residents of Puerto Rico, by number of employees, are Secretaries and administrative assistants, except legal, medical, and executive (44,944 people), Cashiers (39,928 people), and Retail salespersons (31,356 people).
Is Puerto Rico safe?
With all that said, Puerto Rico is still one of the safest Caribbean islands, with a lower crime rate than many mainland U.S. cities. Here are our top safety tips for traveling to Puerto Rico: 1. Be careful of your belongings.
Is electricity expensive in Puerto Rico?
PREPA’s heavy reliance on petroleum means that Puerto Rican power prices fluctuate along with international petroleum prices and vary monthly with fuel and purchased power costs.
What are the pros and cons of living in Puerto Rico?
Puerto Rico Pros and Cons
- Warm weather all the time.
- Longest Christmas season in the world.
- Lots of bilingual people (if you don’t speak Spanish)
- Some of the best rum in the world.
- People are warm, friendly and helpful.
- Flip flops and sandals year-round.
- Beautiful men and women!
- Great boating, fishing, diving and surfing.
