Rent price in Caravaca de la Cruz
Murcia · Región de Murcia
Estimated rent · IPVA 2023
Net income
11.8k€
per capita/yr
Unemployment
9.5%
SEPE
Population
26,126
residents
According to INE IPVA data, estimated rent in Caravaca de la Cruz is €530/month in 2023 — +1.5% year-on-year. Back in 2020 it was €493/month, a 7.5% increase over 4 years. Provincial average (Murcia): €530/month.
National market context
National rank
#597
out of 753 municipalities
vs Región de Murcia
+0€
region avg: €530
Trend vs Spain
-0.8%
avg: 2.3%
Trend vs region
-0.3%
region avg: €1.8
Caravaca de la Cruz ranks 597 out of 753 municipalities in the INE rent price index. It is close to the Región de Murcia average (€530/month).
Rent price evolution
Estimated monthly rent in Caravaca de la Cruz (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
11.819€
per year · INE Atlas
Average household income
31.850€
per year
Rent-to-income ratio
53.8%
of per capita income
Average gross salary
26.349€
per year · Región de Murcia
Rent-to-salary ratio
24.1%
of annual gross salary
The national average effort is 55.3% of per capita income. Caravaca de la Cruz is 2 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Región de Murcia average.
What would it cost to live in Caravaca de la Cruz?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
9.5%
of estimated active population
Registered unemployed
1,216
people
Annual change
-0.3%
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 | 115.112 | 530€ |
| 2022 | 113.387 | 522€ |
| 2021 | 110.260 | 507€ |
| 2020 | 107.226 | 493€ |
Idealista
Rental flats in Caravaca de la Cruz →
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Frequently asked questions
How much does it cost to rent in Caravaca de la Cruz?
The estimated rent in Caravaca de la Cruz is €530/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Caravaca de la Cruz?
Rent in Caravaca de la Cruz has risen by 1.5% compared to the previous year, per the INE IPVA index.
Is Caravaca de la Cruz expensive to rent compared to the national average?
No, rent in Caravaca de la Cruz (€530/month) is 18% below the national average (€648/month).
How much do you need to earn to live in Caravaca de la Cruz?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €21000 net per year to live in Caravaca de la Cruz with a rent of €530/month.
What would a mortgage cost in Caravaca de la Cruz?
For an estimated property price of €105,000 in Caravaca de la Cruz (based on current rent of €530/month), the monthly mortgage payment would be €421 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €31,500 (20% down + ~10% costs).
Murcia province
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Other municipalities in Murcia
Municipalities with similar rent
Municipalities in Spain with a similar rent to Caravaca de la Cruz (±10%)
Want to compare Caravaca de la Cruz 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: 30015