What do most Puerto Ricans do for a living?

Most civilian Puerto Ricans work either in the public sector or at low-wage jobs. Since 1917, the U.S. military has drawn upon Puerto Ricans as soldiers and civilian workers; the large number of Puerto Ricans involved in the Vietnam War is reflected in the fact that some neighborhoods bear Southeast Asian names.

What are Puerto Ricans known for?

Puerto Ricans are known for their warm hospitality, often considered very friendly and expressive to strangers.

Do I pay income tax if I move to Puerto Rico?

While American citizens are required to file US taxes on their global income wherever in the world they live, an agreement between the US and Puerto Rico means that Americans who are bona fide residents of Puerto Rico dont have to file US taxes on their Puerto Rican income.

Can you move to Puerto Rico to avoid taxes?

U.S. citizens who become bona fide residents of Puerto Rico can maintain their U.S. citizenship, avoid U.S. federal income tax on capital gains, including U.S.-source capital gains, and avoid paying any income tax on interest and dividends from Puerto Rican sources.

How much does it cost to retire in Puerto Rico?

It is possible to live comfortably in Puerto Rico for around $2,000 a month. However, there are still many ways that you can keep it affordable if that is what you are looking for as it is generally cheaper for grocery, healthcare, education and daily expenses.