Cost of Living in Lares zona urbana, PR

With a cost of living index of 58, Lares zona urbana, PR is one of the most affordable cities in the country. Living here is 42% cheaper than the national average and 12% below the Puerto Rico state average of 70. Lares zona urbana is a small community of 4,966 residents.

Housing costs are the biggest factor in Lares zona urbana's cost of living. The median monthly rent is $475 (64% below the US median of $1,319), and the median home value sits at $101,500 (67% below the national median of $304,900). At current prices, the median home costs roughly 4.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Lares zona urbana is $21,108, which is 72% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Lares zona urbana. 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.