Rent price in Boiro

A Coruña · Galicia

Estimated rent · IPVA 2023

586per month
+1.6% year-on-yearCheaper than 56% of Spainvs Spain: -62€ · avg €648

Net income

13.3k€

per capita/yr

Unemployment

6.1%

SEPE

Population

18,967

residents

View methodology →

According to INE IPVA data, estimated rent in Boiro is €586/month in 2023 — +1.6% year-on-year. Back in 2020 it was €552/month, a 6.2% increase over 4 years. Provincial average (A Coruña): €562/month.

Full guide: living in Boiro

Monthly budget, required salary and mortgage estimate

National market context

National rank

#423

out of 753 municipalities

vs Galicia

+55

region avg: €531

Trend vs Spain

-0.7%

avg: 2.3%

Trend vs region

-0.5%

region avg: €2.1

Boiro ranks 423 out of 753 municipalities in the INE rent price index. It is 10% above the Galicia average (€531/month).

Rent price evolution

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

Income and housing effort

Net income per capita

13.341

per year · INE Atlas

Average household income

34.194

per year

Rent-to-income ratio

52.7%

of per capita income

Average gross salary

26.547

per year · Galicia

Rent-to-salary ratio

26.5%

of annual gross salary

The national average effort is 55.3% of per capita income. Boiro is 3 points below that average.

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

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Registered unemployment

Estimated unemployment rate

6.1%

of estimated active population

Registered unemployed

531

people

Annual change

-6.5%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

12.7°6.9°Jan13.8°7.4°Feb14.8°7.9°Mar17.2°9.6°Apr19.7°12°May22°14.4°Jun25°16.5°Jul25.3°16.7°Aug22.7°15.1°Sep19.6°13.1°Oct15.7°10.1°Nov14°8.3°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023117.298586
2022115.480577
2021112.018560
2020110.497552

Idealista

Rental flats in Boiro

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Boiro?

The estimated rent in Boiro is €586/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Boiro?

Rent in Boiro has risen by 1.6% compared to the previous year, per the INE IPVA index.

Is Boiro expensive to rent compared to the national average?

No, rent in Boiro (€586/month) is 10% below the national average (€648/month).

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

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Boiro with a rent of €586/month.

What would a mortgage cost in Boiro?

For an estimated property price of €115,000 in Boiro (based on current rent of €586/month), the monthly mortgage payment would be €461 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €34,500 (20% down + ~10% costs).

A Coruña 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: INE IPVA base 2015=100 · INE code: 15011