Rent price in Erandio
Vizcaya · País Vasco
Estimated rent · IPVA 2024
Net income
15.7k€
per capita/yr
Unemployment
10.3%
SEPE
Population
24,659
residents
Rent in Erandio stands at €754.8/month in 2024 per the INE IPVA, a +2% year-on-year change. Since 2016 prices have risen 21.5%, placing it €7.7999999999999545 above the Vizcaya provincial average (€747/month).
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Rental flats in Erandio →
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National market context
National rank
#171
out of 748 municipalities
vs País Vasco
+25.799999999999955€
region avg: €729
Trend vs Spain
-0.3%
avg: 2.3%
Trend vs region
-0.3%
region avg: €2.3
Erandio ranks 171 out of 748 municipalities in the INE rent price index. It is close to the País Vasco average (€729/month).
Rent price evolution
Estimated monthly rent in Erandio (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
15.691€
per year · INE Atlas
Average household income
38.314€
per year
Rent-to-income ratio
57.7%
of per capita income
Average gross salary
35.170€
per year · País Vasco
Rent-to-salary ratio
25.8%
of annual gross salary
The national average effort is 55.4% of per capita income. Erandio is 2 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the País Vasco average.
Registered unemployment
Estimated unemployment rate
10.3%
of estimated active population
Registered unemployed
1,260
people
Annual change
0%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Erandio?
With rent at €754.8/month, the recommended salary (30% rule) is €44,500 gross/year.
Recommended salary
44,500€
gross / year
Rent
754.8€
/ month
Real avg income
15,691€
net / year
Enter your gross annual salary to see what rent in Erandio means for your budget.
What would a mortgage cost in Erandio?
For a €150,000 property (estimated from current rent), the monthly payment would be €601 over 25 years at 3.5%. You need €45,000 for the down payment and costs (20% + 10%). Based on average incomes in Erandio, saving that amount would take around 3.9 years.
What does it cost to live in Erandio?
Rent is €754.8/month. With average food, transport and utilities, the estimated cost of living is €1,524.8/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 |
|---|---|---|
| 2024 | 752.260 | 752€ |
| 2023 | 739.970 | 740€ |
| 2022 | 694.630 | 695€ |
| 2021 | 671.490 | 671€ |
| 2020 | 671.780 | 672€ |
| 2019 | 667.810 | 668€ |
| 2018 | 649.030 | 649€ |
| 2017 | 643.110 | 643€ |
| 2016 | 620.920 | 621€ |
Frequently asked questions
How much does it cost to rent in Erandio?
The estimated rent in Erandio is €754.8/month in 2024, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Erandio?
Rent in Erandio has risen by 2% compared to the previous year, per the INE IPVA index.
Is Erandio expensive to rent compared to the national average?
Yes, rent in Erandio (€754.8/month) is 16% above the national average (€648/month).
How much do you need to earn to live in Erandio?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €30000 net per year to live in Erandio with a rent of €754.8/month.
What would a mortgage cost in Erandio?
For an estimated property price of €150,000 in Erandio (based on current rent of €754.8/month), the monthly mortgage payment would be €601 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €45,000 (20% down + ~10% costs).
Vizcaya province
View all municipalities and compare prices
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Municipalities in Spain with a similar rent to Erandio (±10%)
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Want to compare Erandio 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: EMAL - Estadística del Mercado de Alquiler (Gobierno Vasco) · INE code: 48902