Lares, PR

Census Place

2024 Population

5,286

2024 Median Age

1.01% 1-year decrease

2024 Poverty Rate

55.6%

12.8% 1-year increase

2024 Median Household Income

$19,294

8.59% 1-year decline

2024 Median Property Value

$104,100

2.56% 1-year growth

2024 Employed Population

1,640

6.98% 1-year growth

Economy

The economy of Lares, PR employs 1.64k people. In 2024, the largest industries in Lares, PR were Retail Trade (246 people), Public Administration (220 people), and Health Care & Social Assistance (190 people), and the highest paying industries were Educational Services ($30,404), Educational Services, & Health Care & Social Assistance ($21,595), and Public Administration ($19,861).

Employment

Occupations

1.64k

2024 Value

± 332

6.98%

1 Year growth

± 25.5%

From 2023 to 2024, employment in Lares, PR grew at a rate of 6.98%, from 1.53k employees to 1.64k employees.

The most common job groups, by number of people living in Lares, PR, are Office & Administrative Support Occupations (277 people), Sales & Related Occupations (199 people), and Building & Grounds Cleaning & Maintenance Occupations (139 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lares, 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

1.64k

2024 Value

± 332

6.98%

1 Year growth

± 25.5%

From 2023 to 2024, employment in Lares, PR grew at a rate of 6.98%, from 1.53k employees to 1.64k employees.

The most common employment sectors for those who live in Lares, PR, are Retail Trade (246 people), Public Administration (220 people), and Health Care & Social Assistance (190 people). This chart shows the share breakdown of the primary industries for residents of Lares, PR, though some of these residents may live in Lares, PR and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$17,067

Median earning men ± $2,786

$11,970

Median earning women ± $4,326

The industries with the best median earnings for men in 2024 are Educational Services, & Health Care & Social Assistance ($26,705), Public Administration ($22,984), and Other Services Except Public Administration ($21,875).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($19,592), Public Administration ($19,028), and Other Services Except Public Administration ($10,673).

Education

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

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

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

The most popular majors in Lares, 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, 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, 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, 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, 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, PR was $104,100 in 2024, which is 0.313 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $101,500 to $104,100, a 2.56% increase. The homeownership rate in Lares, PR is 52.1%, which is lower than the national average of 65.2%.

People in Lares, PR have an average commute time of 30.1 minutes, and they drove alone to work. Car ownership in Lares, PR is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$104,100

Median Property Value 2024

±$6,769

$1,150

Median Property Taxes

±$199

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, PR the largest share of households pay taxes in the None range.

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

Rent vs Own

52.1%

Homeownership

2024

77%

Homeowners with Mortgage

2024

In 2024, 52.1% of the housing units in Lares, PR were occupied by their owner. This percentage declined from the previous year's rate of 55.7%.

This chart shows the percentage of owner in Lares, 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.

$19,294

Median Household Income

± $4,064

2.21k

Number of Households

± 307

In 2024, the median household income of the 2.21k households in Lares, PR declined from $19,294 from the previous year's value of $21,108.

The following chart displays the households in Lares, 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, 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 (74.8%)
Carpooled (15.9%)
Walked (4.65%)

In 2024, 74.8% of workers in Lares, PR drove alone to work, followed by those who carpooled to work (15.9%) and those who walked to work (4.65%).

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

30.1 minutes

Average Travel Time

Using averages, employees in Lares, PR have a longer commute time (30.1 minutes) than the normal US worker (26.4 minutes). Additionally, 7.63% of the workforce in Lares, PR have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lares, 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, PR distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lares, PR have 2 cars.

Poverty

Poverty & Diversity

55.6% of the population for whom poverty status is determined in Lares, PR (2.92k out of 5.24k 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 25 - 34, followed by Females 55 - 64 and then Males 45 - 54.

The most common racial or ethnic group living below the poverty line in Lares, 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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