Want to Retire in PUERTO RICO? Cost of Living
ฝัง
- เผยแพร่เมื่อ 14 เม.ย. 2020
- Do you want to retire for cheap in PUERTO RICO? Learn how to live on a budget, especially for those thinking of retiring to the island.
We'll discuss HOUSING COSTS to rent or purchase in money-saving locations like Barranquitas, Aguadilla and Guanica, discuss HOA fees, property taxes, insurance, maintenance, pest control, and utilities like electric, internet, cell phone, water, and generator costs.
We'll talk about the RENT VERSUS BUY question, along with low-cost strategies for furnishing your home, purchasing a car, car insurance, tolls, and gas costs, and ways to save money on groceries, restaurants, shopping, sales tax, free and cheap things to do on the island, public versus private schools, and the cost of a 4-year college education at the University of Puerto Rico.
Learn about the Puerto Rico minimum wage, average salaries, the likelihood of finding a good job, and I discuss the cost of HEALTH INSURANCE, doctors on the island, the availability of medical specialists, and the downsides of cheap health care.
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A free Google sheet to help you compare places to live: docs.google.com/spreadsheets/...
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--------------📝 NOTES --------------
Opinions on this channel are from our own experiences buying and selling property in the US and Puerto Rico and are for information/entertainment purposes only. Consult local professionals for serious inquiries about investing in real estate. If you allow us to introduce you to a local real estate agent and you later close a deal with them, they will pay us a referral fee, which helps support the channel. We receive nothing for introducing you to lenders or attorneys, other than good karma... :)
#puertorico #realestate #retirement
![Living in Puerto Rico-5 PROS & CONS [My Experience]](http://i.ytimg.com/vi/cqT6qdQlZZE/mqdefault.jpg)
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I was born and raised in Dorado,PR. At the present time I live in Chicago. but I definitely recommend to really take a deep look at the places where this cheap houses are located. This neighborhood can be dangerous. Best option is to buy/rent in an access controlled neighborhood. Definitely recommend Dorado, Guaynabo, Rincon, Isabela and caguas. Also Diane Cohn I think your videos are very wise and accurate. Thanks for the education.
Before considering buying a home check first to see if the land comes with it. Many older homes passed down through the families do not own the land just the house. We recently tried to buy a house on a nice piece of land and when we went to the lawyers to draw up the paper work, we found out the person trying to sell us the property only owned the house not the land. Years ago it was common for people to just pick a piece of land and just build on it. Squatters used to be a big thing here. The woman who was trying to sell us the property never told us that her father had built a house on it before and the family was in court trying to argue who owned the property. The woman only owned the house she built on it herself not the land.
True, I just learned this from a neighbor. Also squatting in homes is HUGE. Santurce with all the illegal Dominicans many are squatting in homes.
Thanks for the eye-opener info. I'm 66 and plan to retire and die there. I knew little until listening to you. Thank you.
I love PR I've been there a few times on vacation, and I would certainly be comfortable moving there.
I will move there in time.
@Nature Lover Hi, is it not since most of the puetoricans speak English, but it does help a lot.
I am so glad you mentioned growing your own food!!!! I cannot believe that people on the island actually buy stuff that they can grow themselves. I am first generation mainland Puerto Rican. My dream is to by a place in PR and just plant whatever I can. I am so disappointed in my family members when I visit and see store bought sofrito in their fridge!! I live in Chicago and I make my own. How I would love to plant all the ingredients myself in PR and harvest. Love your videos.
Please hear the lady, as a native the best advice she's giving is coming to see for yourself 1rst... From my 60 years living here... "Cheap isn't always safe"... People, beaches, "global eating"...in the right place FOR YOU, and your preferences only.. this will be a true paradise... Blessings!
Your right
Stop selling our island!!!!!
Hello Frances, I took my wife there and she fell in love with the island and culture. She really wants to move there, but I'm afraid that she may not like it once we're there. any advice
@@luisarroyosyouj8954 Anyone can move to PR just like Puerto Ricans have the right to move to the U.S. Stop being so hateful!!!!!
@@jrod8970 You should alway
rent, before you buy. This way
you get the feeling for island
Living.
You've impressed me with you're words ☝🏾 this is my home, came across this video and wondered "let me see what this person from up north has to say about us" very accurate especially for those wishing to come down here and invest in real estate ☝🏾 thank you for this awesome video 🙏🏾🇺🇸🇺🇸🇵🇷🇵🇷
We be binging. Info overload, We coming out and really enjoy the insider intel.
Thanx so much for your insight, dinner on us plus.
Thank you so much for sharing. very informative !
If you have lived your life in the states would recommend visiting first. I don’t usually curse but these pot holes the size of a wheel barrels in heavy high way traffic you fall right into them .
thanx for info have decided to retire to the island your info was helpful
Hello Diane got to tell you i love your videos they are very informative. I am from Aibonito but live in Florida and you are definitely right about the prices away from San Juan .
Very informative video. Can't lie you covered enough to do some research. Appreciated.
Wonderful video learn so much love it thank you
Great thanks for the valuable information.
Thanks for your information. You remained me the reason why I left 45 years ago. However I will love to go back to my Island . Have a wonderful time
Great video!! Thanks so much!!!
Excellent detailed video, seems like you have covered many items
Excellent advise... well thought out
Love this video!!
You covered a LOT in this video and all true! I love Puerto Rico and coming from a big city where everything is so readily available takes a lot of thought, planning and soul searching when contemplating a move there. I have gone every year for 8 years for 2 weeks. This year I spent a month and was sad to leave. Next time I go I hope to stay for 3 months. I need to slowly stretch out the time so that I can get used to the way things work there. Eventually, I want to be able to stay there 7 months out of the year.
Thanks for the heads up about all the bugs!
Great review and certainly outside the box.
great tips we are moving there the people are nice and not anywhere near whats going on in the USA.i love my country but we need to see how Puerto Rico makes things happen even with all that they had to ?they are still amazing people my hat goes out to and island that,s never been treated correct been part of USA.that,s so wrong what they have done to it....its Ok GOD HAS THE LAST MOVE.AMEN
On point ! loved it ! 🥰
Thank you for show my land to the World! Greetings from Arizona, AZ!
OK, you convinced me Not to move there...I couldn't live without reliable medical system now that we are over the hill...Very comprehensive review, especially regarding Home Insurance where my US agent told me specifically what would/would not be covered in the event of earthquake on my earthquake insurance. It's important to go in with eyes wide open.
I’m from Guanica did not think I would hear it here made me happy lol very solid video
I am looking at this for retirement. Thanks for the info.
Barranquitas is awesome!🇵🇷♥️
Good job on reporting the other side of living in Puerto Rico. Cheap living here no question but the heat is a problem.
@@dorkladytravels I like the idea of living in a small mountain town for the cooler temperatures. Are they also safer? And are there fewer bugs in the mountain towns if one manages to live in the city proper rather than out in a more forested area? Thanks so much for your fine work.
Very informative video!
It’s February 2021 and Realestate has gone through the roof! Rent for a year because all these pandemic buyers will be sellers once the realities of the island sink in.
Great, video like always.
Oh waw you simply the best vlogger so far i love everything you saying ❤️💯🤣👍👍
GREAT VIDEO!!!
Very good Vlog, thank you
We are excited to get started on remodeling our home near Vega Baja but now we are unable to travel to it from the mainland. We are ready to enjoy the beautiful island!
You have at least wrote them down for us so we know how to spell the town thank you so much
Thanks for the video
Hi your video are great. I lived in Puerto Rico for 5 years but left, now I live in the magic city of miami Florida and is stunning beautiful. 😂❤❤
i retired here and love it ,,,,,even decided to start a business but am taking my time
Good investigation. 👍🏼
What a great video; cautious and honest review of these three towns; recommendations by you are so grounded and sincere; a good review - honest, buyer-beware, review! Thanks !
Very good. One day I will buy one house maybe in Guaynabo or Trujillo Alto. Thank you for you wise advisers
So glad you decided to provide an updated video. Lots of great advice and very accurate! 👍
Aguadilla, Aguada, Moca, Isabela & San Sebastián.....GREAT AREA....Northwest PR
Great vídeo,thanks,l love puertorrico
Awesome video
Q bello es. Soy de humacao y vivo en kissimmee Florida hace 25 Años. nada se compara vivir en el campo. Algunos dicen hoy no hay luz o agua ok q esperan cuando vives en el campo. Cuando me retire en mi trabajo en 3 años comprare un pedazo de paradise como usted. Gracias por ese video. Dios bendiga tu familia y a Puerto Rico.🤠🙏🏄♂️
Thank you very much
Hello Diane. I really enjoyed your video. I am from Aguada currently living in Connecticut. I'll be retiring in about 4 years and l am coming back home. Hope to meet you in person some day. Thank you.😘😘
Great video with lots of important information. Thank you!
I enjoy your videos very much! What is the annual real property tax rate in the metro area? I saw an article citing ranges from 8.03% to 11.83%! That sounds extremely high. We plan on living in Puerto Rico for two years and then plan on moving to the mainland and renting out the condo for about a decade and then return to retire in our 60s. Should we just rent for now?
Great information. Are you living back in Tahoe now?
WELCOME ! YESSSSSS
Excellent information thank you 🙏
Do you know in Puerto Rico if my New York State pension is taxable?I work for MTA/Long Island Railroad.
Yay Diane! Me gusta mucho, tu video! Estoy tratando de aprender español, porque tengo planes de visitar Puerto Rico pronto! Mil gracias por toda la informacion! 😎
Si viene a la isla visite Cabo Rojo ,pueblo del suroeste de la isla .Tenemos las playas mas bellas como Boqueron ,Combate , Buye ....tambien esta el Faro (ligth house) muchos turistas vinen y se hospedan en el poblado de Boqueron hay varios hoteles pequeños y paradores .Puede buscar mas informacion en la alcaldia 787-851 1025 o em google.
Super informative video, thank you. Wow. I just moved here. Whats the best internet and cable service?
If you're planning to move to San Juan or nearby, *Optico Fiber* is the best with 1Gb down/up for $70 a month flat fee. After that would be Liberty Cable and then Claro.
What an incredible video. Tons and tons of information backed by prices and examples and details. AWESOME. Is there a new one, this is April 2020. GREAT JOB.
Great Video. I'm working on a video on "how to buy a house in PR" that should be done in the next day or two.
Did you complete the video on how to buy a house? I had a trip planned which was cancelled due to Corona but I have been actively looking and would def be interested. Thank you!
Saw your video, good info
@@ucla81803 Retirementality has some good content about investing, rental properties, earning money on TH-cam, island life etc, and we share back and forth. He lives in St. Thomas but owns property here and in Florida. He hardly ever mentions Mold, but he covers pitfalls and issues that do matter.
I’m puertorican that why I’m in Texas because the DR APOIMENT AND MY HEALTH
I'm considering moving there in the future from Florida. I had no idea it was that cheap to rent or buy? Wow!
Very informative Diane! The devil is always in the details and you really covered them here. The doctor visit!🙄 Thanks!
I lived in PR a decade ago and it has changed so much in those 10 years. I was very sad my most recent trip there! It looks so barren compared to 2010
Puerto rico is good for vacation not to buy homes to live a normal lifestyle. The natives always get properties back at cheaper prices because outsiders have to sell low all the time. Expect hurricanes that will destroy your home every five years or so. Expect black outs for 3 months. Outsiders have to be very quiet don't complain to people because they will get you out! Puerto rico is not a state the commonwealth working on new laws USA don't have control of properties here.
The best and different fruits is in mountain. I love one named carambola. It is a yellow one.
Sold! Enough of these northern Illinois winters! We are coming down to semi-retire, grow peppers,.make sauce, and sell it at festivals, along with our vegetarian tacos! We will go back to the mainland to do some state and county fairs, but otherwise, we are for.la Isla.
Did I already say what an exceptional video this is. 10 thumbs up -- if I had 10 thumbs!
I was born in Barranquitas!!!by a midwife...68 years ago....wepa
Thanks you Diane 🇵🇷🇵🇷💖💖🇺🇲🇺🇲🙏🙏🙏
I am from Puerto Rico and live in Reno, What a coincidence 😁.
Excellent video. I’m retired and I’m interested. Thank you for sharing! I subscribed and put notifications on!
This was a comprehensive and very lucid explanation, thank you so much! ^‿^
Barranquitas beautiful center of the island were my grandparents are from.
I would love to spend winters in PR. My husband hates bugs though. They wouldn't bother me. I wonder if certain areas are safer crime wise.
You can live very inexpensively in Mayagüez.3 bedroom house very near the Caribbean Sea for about $60 thousand. Shop where we natives shop. Would be happy to speak to you. We moved here after retirement. Ramon Fernandez.
Very informative video and thanks for taking the time to put it all together. Now I have two tiny questions (1) Is there a reason why you didn't use examples from the East side of the island (as in Rio Grande, Luquillo or Fajardo) and (2) The link for cell phone plans, doesn't give provide coverage information for Internet service, is there a link out there for that?
I would like to expand on the minimum wage topic.The minimun wage in Puerto Rico is comparable to most Southern States but there is a huge difference in take home pay. If you work in Puerto Rico there is no Federal or State tax deducted from your paycheck.
Food prices is double is Puerto Rico. Gallon of milk $9
Wow! That makes a huge difference, thank you for that piece of information
But everything is way more expensive in Puerto Rico!
So’ why you left then??? Not everything is as nice as you say in this video sadly. I am born and raised in the island but have lo leave because of the poor employment opportunities
@@dorkladytravels Make sense! Myself I miss the heat/Caribean Climate
I heard Puerto Ricans are Nice People and the Country is beautiful Too.
Moving To The Mountains Sounds Good But I Need To Be In The Outskirts Of The Metropolitan Area Where I Can Commute More Easy. The Transportation Is Really A Problem There. I Need The Jeep That You're Talking About And The One Bedroom Apartment.
Greetings Diane, thank you for giving those great advice to those who want to come and make our Island theirs. I hope you the best our Island have to offer and enjoy the Isla del Encanto!! If you come to Villalba you can pay $6.00 for water a month, at least where I leave. Have a great journey.
Gotta have high speed internet! How good is cell phone service?
Do you really recommend not buying a newer used jeep if I’m located in San Juan? Want to be comfortable but if it’s gonna get that destroyed
Hello Diane Cohn, I Was wondering what app or website you used to zoom in and zoom out of the island in 3D?
If your neighbors have chickens/roosters you have rats and lots of them. So best bet is an HOA that doesn’t allow chicken/roosters or moving to the mountains because even those there will be farm rats there will be less than in a community (urbanization) with chickens in them. Lived there and hated living next to ppl with chickens because I couldn’t even let my pup out at night because of all the rats. Leave NOTHING out because of sugar ants but screens will keep any other bits out and depending where you live have a machete for the “cienpies” they sting pretty hard and some can kill a small dog. I used to put my pets food in the fridge because of the sugar ants. But I’ve rented a 1b1b apt water and elect included for $350 and a 5 b for $550. Just avoid living near certain areas because reggieton at 2am full volume from a drive by or those crappy motorcycle bikes loud at 2am SUCK. I always lived near more elderly people because they were quiet and just super lovely and great to have coffee with in the mornings there was always a great sense of community with them.
Waiting to hear about a 1.2 million estate near Rincon. Thinking the housing bubble will drop prices but a poor island has little incentive to lower.
Thank you Diane for such an extremely informative and in-depth video! I’m planning on relocating to Puerto Rico for tax savings. I do have a friend that lives there but I’m still making connections because I know I’ll need them. Be blessed!
Good job
Hi Diane Cohn. I am planning to retire to PR. I am interested in health insurance. How do I go about getting health insurance? Is the health insurance from United States transferable to PR? I am planning to live on the East side of PR, such as: Luquillo, Fajardo or Humacao.
Do a video of the municipality of Arecibo, it's a cheep place to live.
can you do a video on land only (lots)
A lot of doctors left PR so if you are unhealthy PR is not for you..
Do you happen to know the rules and regulations about friends and family using the property when you’re not there? Also, I just found your channel and I think I’m on hour 5 of watching. I love you and your videos. So if you see a viewing spike around Bloomington Indiana that would be me. If and when we buy a place down there we are gonna have to treat you guys to dinner or something.
would you ever go back? Sounds you were turned off. Appreciate your honesty
Thanks so much for this video!! Great info!!
One question. How’s the crime? Have you ever felt unsafe or afraid to be in a particular place??
Thanks again. Great info!
@@dorkladytravels Thanks Diane...I really like your advice about renting and checking around prior to "falling in love" with a home on the internet!! LOL Am thinking of a vacation home at first. I can stand the heat as well as the cold. As a kid my dad and I would snowmobile in NH with temps as low as -10F!! again...thank you!!
Crime is the highest in the US, way worst than Chicago. You just need to know where to live
Tried for four years. And problems with moldy clothing. Windows open all year round. Next mice problem. Can't have any food out. But still no generator due to cost .. not know almost impossible to garden here due to chickens everywhere dig up garden. 4 dollars per watt for a generator. Plus my salary dropped almost half. . So I had to change stuff. Concealed car insurance . Home owners not available. But home is concrete. Still trying to figure out cut costs.
I really do not watch to many of these types of videos because they are by sales people and looking to make the big bucks
You find a rental on classificados. $250-$600 a month tops