Rent price in Arrigorriaga

Vizcaya · País Vasco

Estimated rent · IPVA 2024

707.1per month
+3.9% year-on-yearPricier than 73% of Spainvs Spain: +59.10000000000002€ · avg €648

Net income

17.6k€

per capita/yr

Unemployment

10.3%

SEPE

Population

11,939

residents

View methodology →

According to INE IPVA data, estimated rent in Arrigorriaga is €707.1/month in 2024 — +3.9% year-on-year. Back in 2016 it was €558/month, a 26.7% increase over 9 years. Provincial average (Vizcaya): €747/month.

National market context

National rank

#201

out of 753 municipalities

vs País Vasco

-21.899999999999977

region avg: €729

Trend vs Spain

+1.6%

avg: 2.3%

Trend vs region

+1.6%

region avg: €2.3

Arrigorriaga ranks 201 out of 753 municipalities in the INE rent price index. It is close to the País Vasco average (€729/month).

Rent price evolution

Estimated monthly rent in Arrigorriaga (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

17.587

per year · INE Atlas

Average household income

43.110

per year

Rent-to-income ratio

48.2%

of per capita income

Average gross salary

35.170

per year · País Vasco

Rent-to-salary ratio

24.1%

of annual gross salary

The national average effort is 55.3% of per capita income. Arrigorriaga is 7 points below that average.

Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the País Vasco average.

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Registered unemployment

Estimated unemployment rate

10.3%

of estimated active population

Registered unemployed

606

people

Annual change

+2.5%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

Monthly max & min temperature (°C) · 2015–2024 normals

12.2°5.4°Jan13.9°6°Feb15.5°7.1°Mar17.6°8.7°Apr20.2°11.1°May23.2°14.6°Jun25.3°16.5°Jul26.2°16.8°Aug24°14.8°Sep21.3°12.6°Oct16°9.1°Nov14.1°7.4°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2024718.500719
2023680.400680
2022659.880660
2021629.860630
2020623.690624
2019637.320637
2018607.010607
2017572.140572
2016558.480558

Idealista

Rental flats in Arrigorriaga

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Arrigorriaga?

The estimated rent in Arrigorriaga is €707.1/month in 2024, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Arrigorriaga?

Rent in Arrigorriaga has risen by 3.9% compared to the previous year, per the INE IPVA index.

Is Arrigorriaga expensive to rent compared to the national average?

Yes, rent in Arrigorriaga (€707.1/month) is 9% above the national average (€648/month).

How much do you need to earn to live in Arrigorriaga?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €28000 net per year to live in Arrigorriaga with a rent of €707.1/month.

What would a mortgage cost in Arrigorriaga?

For an estimated property price of €140,000 in Arrigorriaga (based on current rent of €707.1/month), the monthly mortgage payment would be €561 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €42,000 (20% down + ~10% costs).

Vizcaya province

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INE

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: EMAL - Estadística del Mercado de Alquiler (Gobierno Vasco) · INE code: 48011