Cost of Living in Punta Santiago, PR

With a cost of living index of 62, Punta Santiago, PR is one of the most affordable cities in the country. Living here is 38% cheaper than the national average and 8% below the Puerto Rico state average of 70. Punta Santiago is a small community of 3,733 residents.

Housing costs are the biggest factor in Punta Santiago's cost of living. The median monthly rent is $633 (52% below the US median of $1,319), and the median home value sits at $95,600 (69% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Punta Santiago is $25,827, which is 66% lower than the national median of $75,149. Residents spend roughly 29% 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 Punta Santiago. 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.