National income per capita Puerto Rico 2023 | Statista (2024)

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National income per capita Puerto Rico 2023 | Statista? ›

The Gross Domestic Product per capita in Puerto Rico was last recorded at 30122.84 US dollars in 2023. The GDP per Capita in Puerto Rico is equivalent to 239 percent of the world's average.

The Gross Domestic Product per capita in Puerto Rico was last recorded at 30122.84 US dollars in 2023. The GDP per Capita in Puerto Rico is equivalent to 239 percent of the world's average.

Although there are extremes of wealth and poverty in Puerto Rico, from at least the 1970s the island traditionally had a large middle class. Its median household income is far below that of the United States, but the vast majority of Puerto Ricans live a modest middle-class existence by Caribbean standards.

Puerto Rico gni per capita for 2022 was $24,560, a 9.35% increase from 2021. Puerto Rico gni per capita for 2021 was $22,460, a 5.94% increase from 2020. Puerto Rico gni per capita for 2020 was $21,200, a 3.81% decline from 2019. Puerto Rico gni per capita for 2019 was $22,040, a 4.9% increase from 2018.

Currently, manufacturing is the largest industry when it comes to economic activity on the island, representing 43% of Puerto Rico's Gross Domestic Product (GDP) and producing over $48 billion in 2022.

Median household income in Puerto Rico is $24,002. In 2022, the county with the highest Median Household Income in Puerto Rico was Guaynabo Municipio, PR with a value of $43,304, followed by Gurabo Municipio, PR and Trujillo Alto Municipio, PR, with respective values of $39,533 and $35,821.

Median Household Income: $24,002. Average Household Income: $38,227. Per Capita Income: $15,637. 1.4% of Households in Puerto Rico are High Income Households that make over $200,000 a year.

In 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean.

The largest employer in Puerto Rico today is the Government. Public service workers presently total 285,000 or roughly 26% of the workforkforce. Gover- nment employment grew dramatically in the late 1940s and early 1950s, going from 2.5% of the labor force in 1940 to 19% in the mid-1960s.

What is a livable salary in Puerto Rico? ›

The median household income for Puerto Rico is $21,543. Puerto Rico ranks as the 5th lowest for the cost of living among US states and territories. Under 25s in Puerto Rico have a median household income of $18,124, while those 65 and older have a median income of $21,634.

Puerto Rican billionaire Orlando Bravo, a renowned name in private equity, helms Thoma Bravo, a major player in the software and tech sectors. With beginnings in Mayagüez and a tennis-driven move to Florida, Bravo's academic pursuits led him through Brown University and Stanford's prestigious law and business schools.

Wall Street's hottest dealmaker, Orlando Bravo is the first Puerto Rican-born billionaire.

Puerto Rico Unemployment Rate is at 5.80%, compared to 5.80% last month and 6.00% last year. This is lower than the long term average of 14.09%.

Puerto Rico literacy rate for 2021 was 92.40%, a 92.4% increase from 2020. Puerto Rico literacy rate for 2020 was 0.00%, a 0% increase from 2019.

Total monthly expenses should typically be about 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.

Dairy products

A gallon of milk in Puerto Rico costs about $2.99, while the average US price is $2.39. Margarine, traditionally a cheap alternative to butter, is $2.59 a pound, while the average US price is only $1.09.

The term “commonwealth” was adopted by Puerto Rico as the official English designation of the body politic created by the constitution (the official Spanish title is “estado libre asociado”), to define the status of that body as “a state which is free of superior authority in the management of its own local affairs but ...

A family of four estimated monthly costs are 3,751.8$ without rent. A single person estimated monthly costs are 1,084.2$ without rent. Cost of living in Puerto Rico is, on average, 9.9% lower than in United States. Rent in Puerto Rico is, on average, 47.5% lower than in United States.