Rent price in Grove, O
Pontevedra · Galicia
Estimated rent · IPVA 2023
Net income
12.8k€
per capita/yr
Unemployment
6.1%
SEPE
Population
10,833
residents
In 2023, the estimated rent in Grove, O is €553/month (INE IPVA index), a +3% annual change and 9.1% higher than in 2020. Estimated provincial average in Pontevedra: €558/month.
Idealista
Rental flats in Grove, O →
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National market context
National rank
#527
out of 748 municipalities
vs Galicia
+22€
region avg: €531
Trend vs Spain
+0.7%
avg: 2.3%
Trend vs region
+0.9%
region avg: €2.1
Grove, O ranks 527 out of 748 municipalities in the INE rent price index. It is close to the Galicia average (€531/month).
Rent price evolution
Estimated monthly rent in Grove, O (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
12.766€
per year · INE Atlas
Average household income
31.549€
per year
Rent-to-income ratio
52%
of per capita income
Average gross salary
26.547€
per year · Galicia
Rent-to-salary ratio
25%
of annual gross salary
The national average effort is 55.4% of per capita income. Grove, O is 3 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Galicia average.
Registered unemployment
Estimated unemployment rate
6.1%
of estimated active population
Registered unemployed
303
people
Annual change
-7.1%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Grove, O?
With rent at €553/month, the recommended salary (30% rule) is €31,000 gross/year.
Recommended salary
31,000€
gross / year
Rent
553€
/ month
Real avg income
12,766€
net / year
Enter your gross annual salary to see what rent in Grove, O means for your budget.
What would a mortgage cost in Grove, O?
For a €110,000 property (estimated from current rent), the monthly payment would be €441 over 25 years at 3.5%. You need €33,000 for the down payment and costs (20% + 10%). Based on average incomes in Grove, O, saving that amount would take around 3.5 years.
What does it cost to live in Grove, O?
Rent is €553/month. With average food, transport and utilities, the estimated cost of living is €1,323/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 |
|---|---|---|
| 2023 | 112.792 | 553€ |
| 2022 | 109.509 | 537€ |
| 2021 | 106.831 | 523€ |
| 2020 | 103.473 | 507€ |
Frequently asked questions
How much does it cost to rent in Grove, O?
The estimated rent in Grove, O is €553/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Grove, O?
Rent in Grove, O has risen by 3% compared to the previous year, per the INE IPVA index.
Is Grove, O expensive to rent compared to the national average?
No, rent in Grove, O (€553/month) is 15% below the national average (€648/month).
How much do you need to earn to live in Grove, O?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Grove, O with a rent of €553/month.
What would a mortgage cost in Grove, O?
For an estimated property price of €110,000 in Grove, O (based on current rent of €553/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).
Pontevedra province
View all municipalities and compare prices
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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: INE IPVA base 2015=100 · INE code: 36022