Cost of living index also reveals elevated food prices. #NewsismyBusiness
Credit card debt and inflation are pushing more people in the U.S. and Puerto Rico into financial stress. #NewsismyBusiness
This according to the Cost of Living Index published by the Puerto Rico Institute of Statistics, in which 301 urban areas nationwide participated. #NewsismyBusiness
In the U.S. News list, San Diego takes the top spot, but the cost of living in Puerto Rico’s capital has even exceeded New York’s. #NewsismyBusiness
The firm’s 2023 Cost of Living Survey shows that Puerto Rico sits significantly high in the ranking that included 227 cities from across five continents. #NewsismyBusiness
Living in the Metropolitan Statistical Area of San Juan-Carolina-Caguas is 11.6 percent higher than the average for other metropolitan areas of the United States mainland, the most recent data revealed by the Puerto Rico Statistics Institute confirmed.
The cost of living in Puerto Rico for a professional family is about 13 percent more expensive than it is in more than 300 urban and rural areas in the U.S. mainland, according to the findings of the Cost of Living Index.
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