Rent price in Elgoibar
Gipuzkoa · País Vasco
Estimated rent · IPVA 2024
Net income
19.6k€
per capita/yr
Unemployment
8.4%
SEPE
Population
11,705
residents
Rent in Elgoibar stands at €586.6/month in 2024 per the INE IPVA, a +2.9% year-on-year change. Since 2016 prices have risen 25.9%, placing it €138.39999999999998 below the Gipuzkoa provincial average (€725/month).
National market context
National rank
#421
out of 753 municipalities
vs País Vasco
-142.39999999999998€
region avg: €729
Trend vs Spain
+0.6%
avg: 2.3%
Trend vs region
+0.6%
region avg: €2.3
Elgoibar ranks 421 out of 753 municipalities in the INE rent price index. It is 20% below the País Vasco average (€729/month).
Rent price evolution
Estimated monthly rent in Elgoibar (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
19.612€
per year · INE Atlas
Average household income
46.438€
per year
Rent-to-income ratio
35.9%
of per capita income
Average gross salary
35.170€
per year · País Vasco
Rent-to-salary ratio
20%
of annual gross salary
The national average effort is 55.3% of per capita income. Elgoibar is 19 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the País Vasco average.
What would it cost to live in Elgoibar?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
8.4%
of estimated active population
Registered unemployed
488
people
Annual change
+11.2%
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 |
|---|---|---|
| 2024 | 606.210 | 606€ |
| 2023 | 570.230 | 570€ |
| 2022 | 539.040 | 539€ |
| 2021 | 525.820 | 526€ |
| 2020 | 518.420 | 518€ |
| 2019 | 512.540 | 513€ |
| 2018 | 489.690 | 490€ |
| 2017 | 472.230 | 472€ |
| 2016 | 465.820 | 466€ |
Idealista
Rental flats in Elgoibar →
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Frequently asked questions
How much does it cost to rent in Elgoibar?
The estimated rent in Elgoibar is €586.6/month in 2024, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Elgoibar?
Rent in Elgoibar has risen by 2.9% compared to the previous year, per the INE IPVA index.
Is Elgoibar expensive to rent compared to the national average?
No, rent in Elgoibar (€586.6/month) is 9% below the national average (€648/month).
How much do you need to earn to live in Elgoibar?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Elgoibar with a rent of €586.6/month.
What would a mortgage cost in Elgoibar?
For an estimated property price of €115,000 in Elgoibar (based on current rent of €586.6/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).
Gipuzkoa province
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Other municipalities in Gipuzkoa
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Municipalities in Spain with a similar rent to Elgoibar (±10%)
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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: EMAL - Estadística del Mercado de Alquiler (Gobierno Vasco) · INE code: 20032