Cost of Living in La Fermina, PR

With a cost of living index of 64, La Fermina, PR is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 6% below the Puerto Rico state average of 70. La Fermina is a small community of 2,139 residents.

Housing costs are the biggest factor in La Fermina's cost of living. The median monthly rent is $677 (49% below the US median of $1,319), and the median home value sits at $106,500 (65% below the national median of $304,900). At current prices, the median home costs roughly 5.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in La Fermina is $18,906, which is 75% lower than the national median of $75,149. Residents spend roughly 43% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to La Fermina. The area sees an average annual temperature of 76.1°F, with summers averaging 82°F and winters around 69°F. Annual rainfall totals 57.2 inches spread over roughly 112 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.