Rent price in Cangas del Narcea
Asturias · Principado de Asturias
Estimated rent · IPVA 2023
Net income
14.9k€
per capita/yr
Unemployment
8%
SEPE
Population
11,282
residents
Rent in Cangas del Narcea stands at €539/month in 2023 per the INE IPVA, a +0.9% year-on-year change. Since 2020 prices have risen 4.1%, placing it €1 below the Asturias provincial average (€540/month).
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National market context
National rank
#566
out of 748 municipalities
vs CCAA
-1€
region avg: €540
Trend vs Spain
-1.4%
avg: 2.3%
Trend vs region
-0.4%
region avg: €1.3
Cangas del Narcea ranks 566 out of 748 municipalities in the INE rent price index. It is close to the Principado de Asturias average (€540/month).
Rent price evolution
Estimated monthly rent in Cangas del Narcea (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
14.883€
per year · INE Atlas
Average household income
36.658€
per year
Rent-to-income ratio
43.5%
of per capita income
Average gross salary
28.562€
per year · Principado de Asturias
Rent-to-salary ratio
22.6%
of annual gross salary
The national average effort is 55.4% of per capita income. Cangas del Narcea is 12 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Principado de Asturias average.
Registered unemployment
Estimated unemployment rate
8%
of estimated active population
Registered unemployed
407
people
Annual change
-8.5%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Cangas del Narcea?
With rent at €539/month, the recommended salary (30% rule) is €30,500 gross/year.
Recommended salary
30,500€
gross / year
Rent
539€
/ month
Real avg income
14,883€
net / year
Enter your gross annual salary to see what rent in Cangas del Narcea means for your budget.
What would a mortgage cost in Cangas del Narcea?
For a €110,000 property (estimated from current rent), the monthly payment would be €441 over 25 years at 3.5%. You need €33,000 for the down payment and costs (20% + 10%). Based on average incomes in Cangas del Narcea, saving that amount would take around 3 years.
What does it cost to live in Cangas del Narcea?
Rent is €539/month. With average food, transport and utilities, the estimated cost of living is €1,309/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 | 110.017 | 539€ |
| 2022 | 109.032 | 534€ |
| 2021 | 107.358 | 526€ |
| 2020 | 105.666 | 518€ |
Frequently asked questions
How much does it cost to rent in Cangas del Narcea?
The estimated rent in Cangas del Narcea is €539/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Cangas del Narcea?
Rent in Cangas del Narcea has risen by 0.9% compared to the previous year, per the INE IPVA index.
Is Cangas del Narcea expensive to rent compared to the national average?
No, rent in Cangas del Narcea (€539/month) is 17% below the national average (€648/month).
How much do you need to earn to live in Cangas del Narcea?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Cangas del Narcea with a rent of €539/month.
What would a mortgage cost in Cangas del Narcea?
For an estimated property price of €110,000 in Cangas del Narcea (based on current rent of €539/month), the monthly mortgage payment would be €441 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €33,000 (20% down + ~10% costs).
Asturias province
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Other municipalities in Asturias
Municipalities with similar rent
Municipalities in Spain with a similar rent to Cangas del Narcea (±10%)
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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: 33011