Rent price in Colmenar Viejo
Madrid · Comunidad de Madrid
Estimated rent · IPVA 2023
Net income
17.7k€
per capita/yr
Unemployment
6.5%
SEPE
Population
58,730
residents
In 2023, the estimated rent in Colmenar Viejo is €988/month (INE IPVA index), a +1.9% annual change and 6.1% higher than in 2020. Estimated provincial average in Madrid: €1002/month.
Full guide: living in Colmenar Viejo
Monthly budget, required salary and mortgage estimate
National market context
National rank
#41
out of 753 municipalities
vs CCAA
-14€
region avg: €1002
Trend vs Spain
-0.4%
avg: 2.3%
Trend vs region
-0.4%
region avg: €2.3
Colmenar Viejo ranks among the 50 most expensive municipalities in Spain (position 41 of 753).
Rent price evolution
Estimated monthly rent in Colmenar Viejo (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
17.736€
per year · INE Atlas
Average household income
52.003€
per year
Rent-to-income ratio
66.8%
of per capita income
Average gross salary
34.410€
per year · Comunidad de Madrid
Rent-to-salary ratio
34.5%
of annual gross salary
The national average effort is 55.3% of per capita income. Colmenar Viejo is 12 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Comunidad de Madrid average.
What would it cost to live in Colmenar Viejo?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
6.5%
of estimated active population
Registered unemployed
2,012
people
Annual change
-0.4%
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 | 116.265 | 988€ |
| 2022 | 114.093 | 970€ |
| 2021 | 111.730 | 950€ |
| 2020 | 109.476 | 931€ |
Idealista
Rental flats in Colmenar Viejo →
External link to Idealista. UrbanStatsLab may earn a commission.
Frequently asked questions
How much does it cost to rent in Colmenar Viejo?
The estimated rent in Colmenar Viejo is €988/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Colmenar Viejo?
Rent in Colmenar Viejo has risen by 1.9% compared to the previous year, per the INE IPVA index.
Is Colmenar Viejo expensive to rent compared to the national average?
Yes, rent in Colmenar Viejo (€988/month) is 52% above the national average (€648/month).
How much do you need to earn to live in Colmenar Viejo?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €40000 net per year to live in Colmenar Viejo with a rent of €988/month.
What would a mortgage cost in Colmenar Viejo?
For an estimated property price of €200,000 in Colmenar Viejo (based on current rent of €988/month), the monthly mortgage payment would be €801 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €60,000 (20% down + ~10% costs).
Madrid province
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Other municipalities in Madrid
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Municipalities in Spain with a similar rent to Colmenar Viejo (±10%)
Want to compare Colmenar Viejo with another municipality?
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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: 28045