Lares Municipio, PR

County

2024 Population

27,855

2024 Median Age

45.5

1.11% 1-year increase

2024 Poverty Rate

55.4%

0.897% 1-year increase

2024 Median Household Income

$18,917

2.1% 1-year decline

2024 Median Property Value

$105,100

2.84% 1-year growth

2024 Employed Population

9,014

4.32% 1-year growth

Economy

The economy of Lares Municipio, PR employs 9.01k people. In 2024, the largest industries in Lares Municipio, PR were Health Care & Social Assistance (1,315 people), Retail Trade (1,283 people), and Manufacturing (923 people), and the highest paying industries were Educational Services ($28,391), Educational Services, & Health Care & Social Assistance ($24,276), and Public Administration ($23,226).

Employment

Occupations

9.01k

2024 Value

± 800

4.32%

1 Year growth

± 12.1%

From 2023 to 2024, employment in Lares Municipio, PR grew at a rate of 4.32%, from 8.64k employees to 9.01k employees.

The most common job groups, by number of people living in Lares Municipio, PR, are Office & Administrative Support Occupations (920 people), Sales & Related Occupations (876 people), and Production Occupations (788 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lares Municipio, PR.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Puerto Rico.

This chart shows weekly unemployment insurance claims in Puerto Rico (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

9.01k

2024 Value

± 800

4.32%

1 Year growth

± 12.1%

From 2023 to 2024, employment in Lares Municipio, PR grew at a rate of 4.32%, from 8.64k employees to 9.01k employees.

The most common employment sectors for those who live in Lares Municipio, PR, are Health Care & Social Assistance (1,315 people), Retail Trade (1,283 people), and Manufacturing (923 people). This chart shows the share breakdown of the primary industries for residents of Lares Municipio, PR, though some of these residents may live in Lares Municipio, PR and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$14,888

Median earning men ± $1,631

$15,844

Median earning women ± $1,489

The industries with the best median earnings for men in 2024 are Public Administration ($30,035), Educational Services, & Health Care & Social Assistance ($26,484), and Transportation & Warehousing, & Utilities ($20,972).

The industries with the best median earnings for women in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($35,096), Educational Services, & Health Care & Social Assistance ($23,651), and Public Administration ($21,397).

Education

The student population of Lares Municipio, PR in 2020 is skewed towards women, with 4 male students and 16 female students.

Most students graduating from Universities in Lares Municipio, PR are Hispanic or Latino (26 and 100%).

The largest universities in Lares Municipio, PR by number of degrees awarded are Educational Technical College (26 and 100%).

The most popular majors in Lares Municipio, PR are Electrician (9 and 34.6%), General Cosmetology (6 and 23.1%), and General Business (5 and 19.2%).

Admissions & Enrollments

Enrollments by Gender and Races

In 2020 there were 20 students enrolled in Lares Municipio, PR, 20% men and 80% women.

By race, the largest number of students enrolled was concentrated in Hispanic or Latino with 20 records, of which 80% were women and 20% men.

Completions

Concentrations

Most Common

Electrician
9 degrees awarded
General Cosmetology
6 degrees awarded
General Business
5 degrees awarded

In 2020, the most common concentation for 1 to 2 Year Postsecondary Certificate recipients in Lares Municipio, PR was Electrician with 9 degrees awarded.

This visualization illustrates the percentage of students graduating with a 1 to 2 Year Postsecondary Certificate from schools in Lares Municipio, PR according to their major.

Universities

Gender

Race

Educational Technical College

Largest Universities by degrees awarded

26 degrees awarded

In 2020, the institution with the largest number of graduating students was Educational Technical College with 26 degrees awarded.

Student Diversity

In 2020, 11 men were awarded degrees from institutions in Lares Municipio, PR, which is 0.733 times less than the 15 female students who received degrees in the same year.

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Housing & Living

The median property value in Lares Municipio, PR was $105,100 in 2024, which is 0.316 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $102,200 to $105,100, a 2.84% increase. The homeownership rate in Lares Municipio, PR is 63%, which is lower than the national average of 65.2%.

People in Lares Municipio, PR have an average commute time of 30.7 minutes, and they drove alone to work. Car ownership in Lares Municipio, PR is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$105,100

Median Property Value 2024

±$5,828

$6,787

Median Property Taxes

±$545

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lares Municipio, PR the largest share of households pay taxes in the None range.

The chart underneath the paragraph shows the property taxes in Lares Municipio, PR compared to it's parent and neighbor geographies.

Rent vs Own

63%

Homeownership

2024

76.5%

Homeowners with Mortgage

2024

In 2024, 63% of the housing units in Lares Municipio, PR were occupied by their owner. This percentage declined from the previous year's rate of 65.4%.

This chart shows the percentage of owner in Lares Municipio, PR compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$18,917

Median Household Income

± $1,377

10.8k

Number of Households

± 769

In 2024, the median household income of the 10.8k households in Lares Municipio, PR declined from $18,917 from the previous year's value of $19,323.

The following chart displays the households in Lares Municipio, PR distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the < $10k range.

Wage Distribution

The closest comparable wage GINI for Lares Municipio, PR is from Puerto Rico.

0.454

2024 Wage GINI in Puerto Rico

0.46

2023 Wage GINI in Puerto Rico

In 2024, the income inequality in Puerto Rico was 0.454 according to the GINI calculation of the wage distribution. Income inequality had a 1.22% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Puerto Rico was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Puerto Rico in comparison to the national average.

This chart shows the number of workers in Puerto Rico across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (83.1%)
Carpooled (11.9%)
Walked (3.52%)

In 2024, 83.1% of workers in Lares Municipio, PR drove alone to work, followed by those who carpooled to work (11.9%) and those who walked to work (3.52%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

30.7 minutes

Average Travel Time

Using averages, employees in Lares Municipio, PR have a longer commute time (30.7 minutes) than the normal US worker (26.4 minutes). Additionally, 6.66% of the workforce in Lares Municipio, PR have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lares Municipio, PR compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Lares Municipio, PR distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lares Municipio, PR have 2 cars.

Poverty

Poverty & Diversity

55.4% of the population for whom poverty status is determined in Lares Municipio, PR (15.3k out of 27.6k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 55 - 64, followed by Males 55 - 64 and then Females 25 - 34.

The most common racial or ethnic group living below the poverty line in Lares Municipio, PR is Hispanic, followed by White and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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