San Juan, Puerto Rico — July 10, 2024. The Puerto Rico Institute of Statistics released the results of the Cost of Living Index (COLI) for the first quarter of 2024, whose data show that the urban area of Metropolitan Statistical Area (MSA) of San Juan-Bayamón-Caguas, is ranked 82nd out of 301 urban areas in terms of overall cost of living in the United States, with a composite index of 102.3. The 15 municipalities that make up the San Juan-Bayamón-Caguas MSA are: Bayamón, Caguas, Canovanas, Carolina, Cataño, Cidra, Dorado, Gurabo, Guaynabo, Rio Grande, San Juan, Toa Alta, Toa Baja, Trujillo Alto and Vega Alta.

At the national level, the average cost of living is set at an index of 100. The composite index of 102.3 for the urban area of the San Juan-Bayamón-Caguas MSA indicates that living in this region is 2.3% more expensive than the average of the 301 participating urban areas nationwide.

The composite index is derived from six main categories of consumer spending, of which the following table presents the Rankings for the urban area of the San Juan-Bayamón-Caguas MSA. The combination of higher costs in supermarkets and utilities is partially offset by relatively low costs in health care and miscellaneous goods.

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About the Cost of Living Index (COLI):

COLI is a crucial tool for understanding regional differences in the costs of consumer goods and services. The indices are calculated based on data collected quarterly by different entities in each participating urban area. The COLI has been calculated in urban areas of the United States since 1968, using the methodology developed by the Council for Community and Economic Research (C2ER), a non-profit organization dedicated to research on community and economic development. The Puerto Rico Statistics Institute, together with the network of members affiliated with C2ER, is responsible for collecting prices for goods and services established by C2ER.

The Puerto Rico Statistics Institute has designed a comparative calculator for the cost of living between the urban area of the San Juan-Bayamón-Caguas MSA and the rest of the participating cities in the United States. This tool is available at: https://apps.estadisticas.pr/coli/.

The Puerto Rico Statistics Institute is an autonomous governmental entity responsible for coordinating the Government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and have quick and universal access.

For more information you can visit the website: www.estadisticas.pr or write to preguntas@estadisticas.pr. They can also follow social networks through Facebook (@estadisticas .pr), X (@EstadisticasPR), LinkedIn (Institute of Statistics of Puerto Rico) and Instagram (@institutodeestadisticas) accounts.

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PRESS RELEASE
DR. MARIO MARAZZI‐SANTIAGO
EXECUTIVE DIRECTOR

February 15, 2018

AUTHORIZED STATEMENTS BY DR. MARIO MARAZZI-SANTIAGO, EXECUTIVE DIRECTOR OF THE PUERTO RICO INSTITUTE OF STATISTICS, ON COMMUNICATION FROM THE FISCAL OVERSIGHT BOARD TO THE GOVERNOR REGARDING THE REORGANIZATION OF THE STATISTICAL FUNCTIONS OF THE PUERTO RICAN GOVERNMENT

We appreciate the statements of the Fiscal Oversight Board regarding the desirability of maintaining the Puerto Rico Statistics Institute as a public instrument, independent and separate from the Government of Puerto Rico.

In addition, the Board made several recommendations, some of which we wish to comment on. In the first instance, he proposed modernizing and updating Puerto Rico's statistical functions and consolidating them into the Puerto Rico Statistics Institute. We share the concern of the Board and the Government that the fragmentation of statistical functions results in costly and ineffective processes. We are under orders from the Government to design a reorganization plan dedicated to statistical functions that achieve this objective. It's never too late to start working together, collaboratively, to achieve shared and desired goals.

Second, the Board joined the expressions of the bipartisan congressional Task Force of Puerto Rico, also created under the federal PROMESA Act, to the effect that the Institute must be allocated a larger budget, aligned with the important responsibilities it exercises. This recommendation represents an extraordinary opportunity for the Government to comply, for the first time, with the budgetary allocation approved for the Institute in its Organic Law.

Third, the Board recommended that the Institute's independence be protected from political intervention. This is an extremely sensitive issue that every Government we have worked with has had to confront, know, understand, process, accept and eventually take advantage of. At the moment, the Institute oversees the statistical work of the Executive Branch. In any other area, oversight functions would not be allowed to be disrupted. For example, one of the baseball teams would never be allowed to choose or change or influence the referee of a game. Why do we think with statistics that we can, should and is it even normal?

We all suffer from the same disinformation after decades of politicized and underfunded deterioration of the statistical functions of the Government of Puerto Rico. Finally, for 10 years we have had a new instrument, the Puerto Rico Statistics Institute, whose main purpose is to pave the way to complete, reliable statistics with fast and universal access. Let's take advantage of it.

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Press Contact: Sandra Morales Blanes (787) 688-0401

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Statistics Institute invites Research and Development organizations to participate in Puerto Rico's second 2012-13 Science and Technology Survey