Living in Lares, Puerto Rico
Cost of living, income, home prices, rent and demographics of Lares · Census data 2020–2024
Lares has 5,286 residents with a median age of 49. The median household income is $19,294 (27% lower than the Puerto Rico median), the median home value is $104,100, the median rent is $480/month.
Lares at a glance
- Population
- 5,286
- Median age
- 49State: 44.8
- Median household income
- $19,294State: $26,297
- Median home value
- $104,100State: $131,500
- Median rent
- $480/moState: $578
- Homeowners
- 52.1%
- Bachelor's degree or higher
- 25.3%
- Average commute
- 30 min
Is Lares a good place to live?
Pros: Home values 21% lower than the state median.
Cons: Median household income 27% lower than the Puerto Rico median; an average commute of 30 minutes; unemployment of 14.8%; a poverty rate of 55.6%.
The weather is best in December to March.
Cost of living in Lares
Housing is the biggest part of the cost of living. In Lares the median home value is $104,100, 69% lower than the U.S. median. Renters pay a median of $480 per month, which is 41.9% of household income. Homeowners with a mortgage pay $649 a month in housing costs.
Lares median household income
The median household income in Lares is $19,294 and the income per person is $11,001. 55.6% of residents live below the poverty line (Puerto Rico: 40.5%).
Housing in Lares: homes for sale and rent
- Housing units
- 2,722
- Owner-occupied
- 52.1%
- Renter-occupied
- 47.9%
- Vacant
- 18.9%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.37
Lares demographics
- Population
- 5,286
- Median age
- 49
- Under 18
- 13.9%
- 65 and older
- 26.1%
- Households
- 2,208
- Foreign-born
- 0.2%
- Veterans
- 1.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Lares ›
Education in Lares
25.3% of adults 25 and older in Lares have a bachelor's degree or higher (Puerto Rico: 29.8%), and 6.1% have a graduate or professional degree.
Jobs and commute in Lares
- Unemployment rate
- 14.8%State: 10.7%
- Average commute
- 30 minState: 28 min
- Work from home
- 3.3%
- Drive alone
- 74.8%
- Public transit
- 0%
- Walk to work
- 4.6%
- Homes with broadband
- 77.9%
Lares vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lares | 5,286 | $19,294 | $104,100 | $480 |
| Juncal | 725 | $16,000 | $109,100 | — |
| Quebrada | 571 | $21,724 | $154,200 | — |
| Las Marías | 855 | $17,959 | $77,400 | $423 |
| San Sebastián | 9,038 | $21,684 | $115,900 | $499 |
| Rafael Capó | 1,369 | $20,254 | $113,000 | — |
| Piedra Gorda | 2,166 | $22,169 | $113,500 | — |
| Cayuco | 1,210 | $13,211 | $87,900 | — |
| Maricao | 826 | $23,125 | $150,000 | $371 |
More for people moving to Lares
Lares ZIP code ›Weather and climate ›Living in Lares: FAQ
What is the median household income in Lares, PR?
The median household income in Lares is $19,294, 27% lower than the Puerto Rico median of $26,297 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lares?
The median home value in Lares is $104,100, compared with $131,500 in Puerto Rico.
How much is rent in Lares?
The median gross rent in Lares is $480 per month, about 41.9% of household income.
Is Lares, PR a good place to live?
Pluses: home values 21% lower than the state median. Minuses: median household income 27% lower than the Puerto Rico median; an average commute of 30 minutes; unemployment of 14.8%; a poverty rate of 55.6%.
What is the median age in Lares?
The median age in Lares is 49 years (Puerto Rico: 44.8).
How long is the commute in Lares?
The average commute to work in Lares is 30 minutes; 3.3% of workers work from home.
What is the unemployment rate in Lares?
The unemployment rate in Lares is 14.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lares?
25.3% of adults in Lares have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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