Rent price in Lugo
Lugo · Galicia
Estimated rent · IPVA 2023
Net income
15.1k€
per capita/yr
Unemployment
8.7%
SEPE
Population
100k
residents
In 2023, the estimated rent in Lugo is €432/month (INE IPVA index), a +2.8% annual change and 7.7% higher than in 2020. Estimated provincial average in Lugo: €425/month.
Full guide: living in Lugo
Monthly budget, required salary and mortgage estimate
National market context
National rank
#709
out of 753 municipalities
vs Galicia
-99€
region avg: €531
Trend vs Spain
+0.5%
avg: 2.3%
Trend vs region
+0.7%
region avg: €2.1
Lugo is among Spain's most affordable municipalities (position 709 of 753).
Rent price evolution
Estimated monthly rent in Lugo (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
15.082€
per year · INE Atlas
Average household income
34.880€
per year
Rent-to-income ratio
34.4%
of per capita income
Average gross salary
26.547€
per year · Galicia
Rent-to-salary ratio
19.5%
of annual gross salary
The national average effort is 55.3% of per capita income. Lugo is 21 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Galicia average.
What would it cost to live in Lugo?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
8.7%
of estimated active population
Registered unemployed
4,010
people
Annual change
+2.4%
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 |
|---|---|---|
| 2023 | 113.585 | 432€ |
| 2022 | 110.512 | 420€ |
| 2021 | 107.784 | 410€ |
| 2020 | 105.576 | 401€ |
Idealista
Rental flats in Lugo →
External link to Idealista. UrbanStatsLab may earn a commission.
Frequently asked questions
How much does it cost to rent in Lugo?
The estimated rent in Lugo is €432/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Lugo?
Rent in Lugo has risen by 2.8% compared to the previous year, per the INE IPVA index.
Is Lugo expensive to rent compared to the national average?
No, rent in Lugo (€432/month) is 33% below the national average (€648/month).
How much do you need to earn to live in Lugo?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €17000 net per year to live in Lugo with a rent of €432/month.
What would a mortgage cost in Lugo?
For an estimated property price of €85,000 in Lugo (based on current rent of €432/month), the monthly mortgage payment would be €340 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €25,500 (20% down + ~10% costs).
Lugo province
View all municipalities and compare prices
Other municipalities in Lugo
Municipalities with similar rent
Municipalities in Spain with a similar rent to Lugo (±10%)
Want to compare Lugo 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: INE IPVA base 2015=100 · INE code: 27028