Cost of Living in Monte Grande, PR

With a cost of living index of 59, Monte Grande, PR is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 11% below the Puerto Rico state average of 70. Monte Grande is a small community of 3,264 residents.

Housing costs are the biggest factor in Monte Grande's cost of living. The median monthly rent is $484 (63% below the US median of $1,319), and the median home value sits at $108,900 (64% below the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Monte Grande is $27,417, which is 64% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Monte Grande. 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.