Fajardo Municipio, Puerto Rico Income Statistics
Fajardo Municipio Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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F
Fajardo Municipio Well below averageWealthier than 75% of counties in Puerto Rico
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fajardo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $25,626 | $26,331 | $80,455 |
| Median Personal Income | $23,671 | $28,218 | $60,758 |
| Average Yearly Income Growth | 3.5% | 3.8% | 4.8% |
| Six-Figure Earners | 0.9% | 2.2% | 13.9% |
| $200k+ Households | 0.7% | 1.7% | 13.2% |
The median household income in Fajardo Municipio is about 3% lower than in Puerto Rico. Income has been growing slower in Fajardo Municipio (3.5%/yr) than in Puerto Rico (3.8%/yr).
About 1% of adults in Fajardo Municipio earn six figures ($100,000 or more) a year, lower than the Puerto Rico average of 2%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Fajardo Municipio, Puerto Rico grew by 31.1% from 2009 to 2024, reaching $25,626 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Fajardo Municipio
| Metric | Fajardo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.607 | 0.552 |
| Male Median Income | $24,700 | $29,755 | $69,667 |
| Female Median Income | $24,872 | $29,692 | $56,850 |
| Gender Pay Gap | -0.7% | 0.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Fajardo Municipio, it is 0.552, lower than Puerto Rico's 0.607, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Women's income is about 1% more than men's income in Fajardo Municipio, Puerto Rico.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fajardo Municipio, Puerto Rico has narrowed from about -2% to -1% in 2024. Over that period the gap was widest at 11% in 2022, and in 2010 women out-earned men by 5%. In dollar terms, the gap has widened by $324 since 2009.
Employment
| Metric | Fajardo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 15.1% | 10.7% | 5.2% |
| Working from Home | 8.4% | 6.1% | 15.0% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 2,004 people are unemployed in Fajardo Municipio, Puerto Rico.
The average commute time in Fajardo Municipio is 20 minutes, shorter than the 23 minutes in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fajardo Municipio, Puerto Rico has fallen from 19.1% to 15.1% in 2024. Over that period the rate peaked at 20.0% in 2013.
Fajardo Municipio, PR Wealth Compared With Nearby Counties
Fajardo Municipio, PR is the 3rd largest of the 6 counties compared here, 31,489 residents against a local median of 23,054. Fajardo Municipio, PR sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is income growth, 11% above the local median at 3.5%/yr against 3.1%/yr. Fajardo Municipio, PR has the 2nd highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Fajardo Municipio, PR | 31,489 | $25,626 #3/6 | 3.5%/yr #2/6 | 15.1% #5/6 | 0.552 #3/6 |
| Ceiba Municipio, PR | 10,995 | $25,607 | 3.3%/yr | 9.5% | 0.577 |
| Luquillo Municipio, PR | 17,532 | $24,248 | 2.6%/yr | 17.6% | 0.608 |
| RÃo Grande Municipio, PR | 46,051 | $28,859 | 2.8%/yr | 15.0% | 0.536 |
| Naguabo Municipio, PR | 23,054 | $23,904 | 3.1%/yr | 6.8% | 0.543 |
| Canóvanas Municipio, PR | 41,816 | $29,636 | 4.8%/yr | 14.5% | 0.569 |
Conclusion
Considering all these factors, Fajardo Municipio, Puerto Rico has an overall wealth index grade of F, making it somewhat better than Puerto Rico, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fajardo Municipio, Puerto Rico.
How Rich Is Fajardo Municipio, Puerto Rico?
Fajardo Municipio has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $25,626, about 3% lower than the Puerto Rico average of $26,331.
How fast is household income rising in Fajardo Municipio, Puerto Rico?
Between 2009 and 2024, the median household income in Fajardo Municipio, Puerto Rico rose 31%, from $19,547 to $25,626. Over the same years, income here lagged behind Puerto Rico as a whole: +31% against +41%.
What was the median household income in Fajardo Municipio in 2023?
In 2023, the median household income in Fajardo Municipio, Puerto Rico was $25,171, up 4% from $24,234 in 2022. The Puerto Rico median that year was $25,101.
What was the median household income in Fajardo Municipio in 2020?
In 2020, the median household income in Fajardo Municipio, Puerto Rico was $19,959. By 2024 it had risen 28% to $25,626.
Is it hard to find a job in Fajardo Municipio, Puerto Rico?
Unemployment in Fajardo Municipio, Puerto Rico is 15.1%, well above the Puerto Rico rate of 10.7%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Fajardo Municipio, Puerto Rico?
The Gini coefficient in Fajardo Municipio is 0.552. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Fajardo Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Fajardo Municipio, Puerto Rico has narrowed from about -2% to -1% in 2024. Over that period the gap was widest at 11% in 2022, and in 2010 women out-earned men by 5%. In dollar terms, the gap has widened by $324 since 2009.
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