Rent price in Benifaió
Valencia/València · Comunitat Valenciana
Estimated rent · IPVA 2023
Net income
14.5k€
per capita/yr
Unemployment
10.3%
SEPE
Population
12,262
residents
In 2023, the estimated rent in Benifaió is €668/month (INE IPVA index), a +2.4% annual change and 7.4% higher than in 2020. Estimated provincial average in Valencia/València: €671/month.
National market context
National rank
#266
out of 753 municipalities
vs CCAA
+25€
region avg: €643
Trend vs Spain
+0.1%
avg: 2.3%
Trend vs region
-0.8%
region avg: €3.2
Benifaió ranks 266 out of 753 municipalities in the INE rent price index. It is close to the Comunitat Valenciana average (€643/month).
Rent price evolution
Estimated monthly rent in Benifaió (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
14.465€
per year · INE Atlas
Average household income
35.464€
per year
Rent-to-income ratio
55.4%
of per capita income
Average gross salary
26.817€
per year · Comunitat Valenciana
Rent-to-salary ratio
29.9%
of annual gross salary
The national average effort is 55.3% of per capita income. Benifaió is 0 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.
What would it cost to live in Benifaió?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
10.3%
of estimated active population
Registered unemployed
607
people
Annual change
-6.3%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
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 | 121.419 | 668€ |
| 2022 | 118.568 | 652€ |
| 2021 | 114.857 | 632€ |
| 2020 | 113.058 | 622€ |
Idealista
Rental flats in Benifaió →
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Frequently asked questions
How much does it cost to rent in Benifaió?
The estimated rent in Benifaió is €668/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Benifaió?
Rent in Benifaió has risen by 2.4% compared to the previous year, per the INE IPVA index.
Is Benifaió expensive to rent compared to the national average?
Rent in Benifaió (€668/month) is close to the national average (€648/month).
How much do you need to earn to live in Benifaió?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €27000 net per year to live in Benifaió with a rent of €668/month.
What would a mortgage cost in Benifaió?
For an estimated property price of €135,000 in Benifaió (based on current rent of €668/month), the monthly mortgage payment would be €541 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €40,500 (20% down + ~10% costs).
Valencia/València province
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Other municipalities in Valencia/València
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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: 46060