Rent price in Laracha, A

A Coruña · Galicia

Estimated rent · IPVA 2023

566per month
+3.2% year-on-yearCheaper than 64% of Spainvs Spain: -82€ · avg €648

Net income

14.0k€

per capita/yr

Unemployment

5.8%

SEPE

Population

11,781

residents

View methodology →

Rent in Laracha, A stands at €566/month in 2023 per the INE IPVA, a +3.2% year-on-year change. Since 2020 prices have risen 7.8%, placing it €4 above the A Coruña provincial average (€562/month).

National market context

National rank

#480

out of 753 municipalities

vs Galicia

+35

region avg: €531

Trend vs Spain

+0.9%

avg: 2.3%

Trend vs region

+1.1%

region avg: €2.1

Laracha, A ranks 480 out of 753 municipalities in the INE rent price index. It is 7% above the Galicia average (€531/month).

Rent price evolution

Estimated monthly rent in Laracha, A (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

13.965

per year · INE Atlas

Average household income

34.416

per year

Rent-to-income ratio

48.6%

of per capita income

Average gross salary

26.547

per year · Galicia

Rent-to-salary ratio

25.6%

of annual gross salary

The national average effort is 55.3% of per capita income. Laracha, A is 7 points below that average.

Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Galicia average.

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Registered unemployment

Estimated unemployment rate

5.8%

of estimated active population

Registered unemployed

316

people

Annual change

-5.1%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

Monthly max & min temperature (°C) · 2015–2024 normals

12°7°Jan12.8°7.3°Feb13.4°7.6°Mar15.4°8.9°Apr17.4°11.2°May19.3°13.4°Jun21.4°15.3°Jul22°15.8°Aug20.9°14.5°Sep18.7°12.7°Oct15°10°Nov13.5°8.6°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023113.121566
2022109.649548
2021106.987535
2020105.001525

Idealista

Rental flats in Laracha, A

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Laracha, A?

The estimated rent in Laracha, A is €566/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Laracha, A?

Rent in Laracha, A has risen by 3.2% compared to the previous year, per the INE IPVA index.

Is Laracha, A expensive to rent compared to the national average?

No, rent in Laracha, A (€566/month) is 13% below the national average (€648/month).

How much do you need to earn to live in Laracha, A?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Laracha, A with a rent of €566/month.

What would a mortgage cost in Laracha, A?

For an estimated property price of €115,000 in Laracha, A (based on current rent of €566/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).

A Coruña province

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INE

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: 15041