Living in Palmas, Puerto Rico
Cost of living, income, home prices, rent and demographics of Palmas · Census data 2020–2024
Palmas has 1,119 residents with a median age of 50. The median household income is $20,595 (22% lower than the Puerto Rico median), the median home value is $89,000.
Palmas is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Palmas at a glance
- Population
- 1,119
- Median age
- 50State: 44.8
- Median household income
- $20,595State: $26,297
- Median home value
- $89,000State: $131,500
- Homeowners
- 76.3%
- Bachelor's degree or higher
- 19.9%
- Average commute
- 34 min
Is Palmas a good place to live?
Pros: Home values 32% lower than the state median.
Cons: Median household income 22% lower than the Puerto Rico median; an average commute of 34 minutes; a poverty rate of 69%.
The weather is best in January to April.
Cost of living in Palmas
Housing is the biggest part of the cost of living. In Palmas the median home value is $89,000, 73% lower than the U.S. median. Renters pay a median of — per month, which is 42.8% of household income. Homeowners with a mortgage pay — a month in housing costs.
Palmas median household income
The median household income in Palmas is $20,595 and the income per person is $10,780. 69% of residents live below the poverty line (Puerto Rico: 40.5%).
Housing in Palmas: homes for sale and rent
- Housing units
- 757
- Owner-occupied
- 76.3%
- Renter-occupied
- 23.7%
- Vacant
- 31.4%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.11
31.4% of homes are vacant most of the year, a sign that Palmas has many vacation and second homes.
Palmas demographics
- Population
- 1,119
- Median age
- 50
- Under 18
- 13.1%
- 65 and older
- 30.9%
- Households
- 519
- Foreign-born
- 0%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Palmas ›
Education in Palmas
19.9% of adults 25 and older in Palmas have a bachelor's degree or higher (Puerto Rico: 29.8%), and 0% have a graduate or professional degree.
Jobs and commute in Palmas
- Unemployment rate
- 0%State: 10.7%
- Average commute
- 34 minState: 28 min
- Work from home
- 0%
- Drive alone
- 62.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 78.4%
Palmas vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palmas | 1,119 | $20,595 | $89,000 | — |
| Patillas | 2,979 | $14,332 | $87,900 | $513 |
| Buena Vista | 1,084 | $14,711 | $66,300 | $618 |
| Arroyo | 7,516 | $19,663 | $95,700 | $441 |
| Lamboglia | 897 | $17,462 | $81,800 | $751 |
| Yaurel | 570 | $14,554 | $60,800 | — |
| Corazón | 2,030 | $24,215 | $114,700 | $540 |
| Olimpo | 1,384 | $18,912 | $88,400 | — |
| Guayama | 18,216 | $20,955 | $112,200 | $412 |
More for people moving to Palmas
Palmas ZIP code ›Weather and climate ›Living in Palmas: FAQ
What is the median household income in Palmas, PR?
The median household income in Palmas is $20,595, 22% 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 Palmas?
The median home value in Palmas is $89,000, compared with $131,500 in Puerto Rico.
Is Palmas, PR a good place to live?
Pluses: home values 32% lower than the state median. Minuses: median household income 22% lower than the Puerto Rico median; an average commute of 34 minutes; a poverty rate of 69%.
What is the median age in Palmas?
The median age in Palmas is 50 years (Puerto Rico: 44.8).
How long is the commute in Palmas?
The average commute to work in Palmas is 34 minutes; 0% of workers work from home.
What is the unemployment rate in Palmas?
The unemployment rate in Palmas is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palmas?
19.9% of adults in Palmas 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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