Rent price in Altea
Alicante/Alacant · Comunitat Valenciana
Estimated rent · IPVA 2023
Net income
12.8k€
per capita/yr
Unemployment
8.1%
SEPE
Population
24,592
residents
Rent in Altea stands at €633/month in 2023 per the INE IPVA, a +3.6% year-on-year change. Since 2020 prices have risen 8.4%, placing it €8 above the Alicante/Alacant provincial average (€625/month).
Idealista
Rental flats in Altea →
External link to Idealista. UrbanStatsLab may earn a commission.
National market context
National rank
#323
out of 748 municipalities
vs CCAA
-10€
region avg: €643
Trend vs Spain
+1.3%
avg: 2.3%
Trend vs region
+0.4%
region avg: €3.2
Altea ranks 323 out of 748 municipalities in the INE rent price index. It is close to the Comunitat Valenciana average (€643/month).
Rent price evolution
Estimated monthly rent in Altea (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
12.822€
per year · INE Atlas
Average household income
33.220€
per year
Rent-to-income ratio
59.2%
of per capita income
Average gross salary
26.817€
per year · Comunitat Valenciana
Rent-to-salary ratio
28.3%
of annual gross salary
The national average effort is 55.4% of per capita income. Altea is 4 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Comunitat Valenciana average.
Registered unemployment
Estimated unemployment rate
8.1%
of estimated active population
Registered unemployed
958
people
Annual change
-3.9%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Altea?
With rent at €633/month, the recommended salary (30% rule) is €37,500 gross/year.
Recommended salary
37,500€
gross / year
Rent
633€
/ month
Real avg income
12,822€
net / year
Enter your gross annual salary to see what rent in Altea means for your budget.
What would a mortgage cost in Altea?
For a €125,000 property (estimated from current rent), the monthly payment would be €501 over 25 years at 3.5%. You need €37,500 for the down payment and costs (20% + 10%). Based on average incomes in Altea, saving that amount would take around 3.8 years.
What does it cost to live in Altea?
Rent is €633/month. With average food, transport and utilities, the estimated cost of living is €1,403/month. Adjust each category to your situation.
Estimated expenses based on national averages. Adjust to your lifestyle.
Climate
Monthly max & min temperature (°C) · 2015–2024 normals
Source: Open-Meteo · ERA5 reanalysis (ECMWF)
Rent index evolution
| Year | INE IPVA Index | Estimated rent |
|---|---|---|
| 2023 | 119.473 | 633€ |
| 2022 | 115.372 | 611€ |
| 2021 | 112.614 | 597€ |
| 2020 | 110.123 | 584€ |
Frequently asked questions
How much does it cost to rent in Altea?
The estimated rent in Altea is €633/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Altea?
Rent in Altea has risen by 3.6% compared to the previous year, per the INE IPVA index.
Is Altea expensive to rent compared to the national average?
Rent in Altea (€633/month) is close to the national average (€648/month).
How much do you need to earn to live in Altea?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €25000 net per year to live in Altea with a rent of €633/month.
What would a mortgage cost in Altea?
For an estimated property price of €125,000 in Altea (based on current rent of €633/month), the monthly mortgage payment would be €501 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €37,500 (20% down + ~10% costs).
Alicante/Alacant province
View all municipalities and compare prices
Other municipalities in Alicante/Alacant
Municipalities with similar rent
Municipalities in Spain with a similar rent to Altea (±10%)
Want to compare Altea with another municipality?
Rent, income, population and more, side by side.
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →Methodology
Data comes from the Housing Rental Price Index (IPVA) published by Spain's National Statistics Institute (INE), with base 100 in 2015. The estimated rent is calculated by applying the index to the median reference price for the province in 2015.
Source: INE IPVA base 2015=100 · INE code: 03018