The Gross Domestic Product per capita in Puerto Rico was last recorded at 27340.65 US dollars in 2018. According to the Pew Research Center, two thirds of people in the States who earn $30,000 or less per year pay no income tax.The average income in Puerto Rico in 2018 was roughly $20,078, which means that most Puerto Ricans would not have had to pay federal income taxes even if the federal law applied to the territory. Puerto Ricans reported a third less income, $16,568, than the population as a whole, $26,059. Income from personal services performed within Puerto Rico will not be considered from Puerto Rican sources if it is USD 3,000 or less and the individual was present in Puerto Rico for 90 days or less during the calendar year. An asterisk preceding an estimate indicates statistically different from zero at the 90 percent confidence level. Puerto Rico has a de minimis rule to avoid sourcing to Puerto Rico very small amounts of income from personal services. Per Capita Income: $12,451. Median household income between the 2007-11 and 2012-16 periods, Puerto Rico and municipalities, by income (ingreso) and change (cambio). Accurate, reliable salary and compensation comparisons for Puerto Rico If you're a bona fide resident of Puerto Rico during the entire tax year, you generally aren't required to file a U.S. federal income tax return if your only income is from sources within Puerto Rico.
Unlike the Federal Income Tax, Puerto Rico's state income tax does not provide couples filing jointly with expanded income tax brackets..
The following data are the most current income statistics for Puerto Rico from the US Census Bureau, are in 2018 inflation adjusted dollars and are from the American Community Survey 2018 5-year estimates.
Puerto Rico’s median household income dopped by 4 percent from 2012 to 2016, when it stood at $19,606, in comparison to the $20,403 on record for the prior five-year period, according to the U.S. Census Bureau’s Puerto Rico Community Survey. In 2017, Puerto Rico had a per capita income of $12,081 — lower than any state and one of the lowest in the United States.
In 2018, Puerto Rico had a population of 3.2M people with a median age of 42.9 and a median household income of $20,296. Median Household Income in the United States by Zip Code. This is a list of Puerto Rico locations by per capita income. Wages for services performed in Puerto Rico, whether for a private employer, the U.S. Government, or otherwise, is income from Puerto Rico.
Puerto Rico - Get a free salary comparison based on job title, skills, experience and education. San Juan, Puerto Rico - Salary - Get a free salary comparison based on job title, skills, experience and education. Carolina, Puerto Rico (5)
Notably, Puerto Rico has the highest maximum marginal tax bracket in the United States. The state with the lowest household median income in 2015 was Mississippi, at $40,593. Salary information comes from 1,410 data points collected directly from employees, users, and past and present job … • This disparity is also evident in per capita income. Average Household Income: $32,190.
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