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Cost of Living in Mayagüez

Is it better to rent or buy in Mayagüez? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$22,218
$535/mo

Median in area: $535

$115,900

Median in area: $115,900

$23,180

If you Rent

$650 /mo
Base Rent$535
Est. Utilities$115
% of Income35.1%
Pre-tax Residual$1,202

If you Buy

$795 /mo
P&I (6.5%)$586
Taxes & Ins$94
Est. Utilities$115
% of Income42.9%
Pre-tax Residual$1,056

Cost of Living FAQs

Is it cheaper to rent or buy in Mayagüez?›

Based on median housing data, renting is currently more affordable on a monthly basis in Mayagüez. The estimated all-in monthly cost for renting is $650, while owning a median-priced home with a 20% down payment is roughly $795 per month (a difference of $145).

How much do utilities cost in Mayagüez?›

The average monthly utility cost (electricity and natural gas) for a typical home in Mayagüez is approximately $115. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Mayagüez?›

To comfortably afford the median rent and utilities in Mayagüez without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $26,000 per year.