Rent price in Castro-Urdiales

Cantabria · Cantabria

Estimated rent · IPVA 2023

556per month
+2% year-on-yearCheaper than 69% of Spainvs Spain: -92€ · avg €648

Net income

15.6k€

per capita/yr

Unemployment

11.4%

SEPE

Population

33,450

residents

View methodology →

Rent in Castro-Urdiales stands at €556/month in 2023 per the INE IPVA, a +2% year-on-year change. Since 2020 prices have risen 6.5%, placing it €4 below the Cantabria provincial average (€560/month).

Full guide: living in Castro-Urdiales

Monthly budget, required salary and mortgage estimate

National market context

National rank

#516

out of 753 municipalities

vs Cantabria

-4

region avg: €560

Trend vs Spain

-0.3%

avg: 2.3%

Trend vs region

-0.3%

region avg: €2.3

Castro-Urdiales ranks 516 out of 753 municipalities in the INE rent price index. It is close to the Cantabria average (€560/month).

Rent price evolution

Estimated monthly rent in Castro-Urdiales (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

15.554

per year · INE Atlas

Average household income

36.815

per year

Rent-to-income ratio

42.9%

of per capita income

Average gross salary

27.097

per year · Cantabria

Rent-to-salary ratio

24.6%

of annual gross salary

The national average effort is 55.3% of per capita income. Castro-Urdiales is 12 points below that average.

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

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Registered unemployment

Estimated unemployment rate

11.4%

of estimated active population

Registered unemployed

1,783

people

Annual change

+0.5%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

12.5°6.7°Jan13.8°7.3°Feb15.1°8.3°Mar16.7°9.9°Apr19°12.3°May21.7°15.5°Jun23.7°17.4°Jul24.6°17.6°Aug22.9°15.9°Sep20.7°13.8°Oct16.3°10.3°Nov14.5°8.6°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023113.544556
2022111.323545
2021107.761528
2020106.561522

Idealista

Rental flats in Castro-Urdiales

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Castro-Urdiales?

The estimated rent in Castro-Urdiales is €556/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Castro-Urdiales?

Rent in Castro-Urdiales has risen by 2% compared to the previous year, per the INE IPVA index.

Is Castro-Urdiales expensive to rent compared to the national average?

No, rent in Castro-Urdiales (€556/month) is 14% below the national average (€648/month).

How much do you need to earn to live in Castro-Urdiales?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Castro-Urdiales with a rent of €556/month.

What would a mortgage cost in Castro-Urdiales?

For an estimated property price of €110,000 in Castro-Urdiales (based on current rent of €556/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).

Cantabria 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: 39020