Rent price in Ermua
Vizcaya · País Vasco
Estimated rent · IPVA 2024
Net income
17.3k€
per capita/yr
Unemployment
9.7%
SEPE
Population
15,516
residents
In 2024, the estimated rent in Ermua is €602.4/month (INE IPVA index), a +3.3% annual change and 22.7% higher than in 2016. Estimated provincial average in Vizcaya: €747/month.
Idealista
Rental flats in Ermua →
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National market context
National rank
#382
out of 748 municipalities
vs País Vasco
-126.60000000000002€
region avg: €729
Trend vs Spain
+1%
avg: 2.3%
Trend vs region
+1%
region avg: €2.3
Ermua ranks 382 out of 748 municipalities in the INE rent price index. It is 17% below the País Vasco average (€729/month).
Rent price evolution
Estimated monthly rent in Ermua (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
17.340€
per year · INE Atlas
Average household income
40.178€
per year
Rent-to-income ratio
41.7%
of per capita income
Average gross salary
35.170€
per year · País Vasco
Rent-to-salary ratio
20.6%
of annual gross salary
The national average effort is 55.4% of per capita income. Ermua is 14 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.
Registered unemployment
Estimated unemployment rate
9.7%
of estimated active population
Registered unemployed
742
people
Annual change
-5.8%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Ermua?
With rent at €602.4/month, the recommended salary (30% rule) is €35,500 gross/year.
Recommended salary
35,500€
gross / year
Rent
602.4€
/ month
Real avg income
17,340€
net / year
Enter your gross annual salary to see what rent in Ermua means for your budget.
What would a mortgage cost in Ermua?
For a €120,000 property (estimated from current rent), the monthly payment would be €481 over 25 years at 3.5%. You need €36,000 for the down payment and costs (20% + 10%). Based on average incomes in Ermua, saving that amount would take around 3 years.
What does it cost to live in Ermua?
Rent is €602.4/month. With average food, transport and utilities, the estimated cost of living is €1,372.4/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 | 621.590 | 622€ |
| 2023 | 583.390 | 583€ |
| 2022 | 549.600 | 550€ |
| 2021 | 538.430 | 538€ |
| 2020 | 532.050 | 532€ |
| 2019 | 512.000 | 512€ |
| 2018 | 483.620 | 484€ |
| 2017 | 499.950 | 500€ |
| 2016 | 491.460 | 491€ |
Frequently asked questions
How much does it cost to rent in Ermua?
The estimated rent in Ermua is €602.4/month in 2024, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Ermua?
Rent in Ermua has risen by 3.3% compared to the previous year, per the INE IPVA index.
Is Ermua expensive to rent compared to the national average?
No, rent in Ermua (€602.4/month) is 7% below the national average (€648/month).
How much do you need to earn to live in Ermua?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €24000 net per year to live in Ermua with a rent of €602.4/month.
What would a mortgage cost in Ermua?
For an estimated property price of €120,000 in Ermua (based on current rent of €602.4/month), the monthly mortgage payment would be €481 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €36,000 (20% down + ~10% costs).
Vizcaya province
View all municipalities and compare prices
Other municipalities in Vizcaya
Municipalities with similar rent
Municipalities in Spain with a similar rent to Ermua (±10%)
Want to compare Ermua 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: 48034