Rent price in Maó
Illes Balears · Illes Balears
Estimated rent · IPVA 2023
Net income
16.3k€
per capita/yr
Unemployment
3%
SEPE
Population
30,666
residents
According to INE IPVA data, estimated rent in Maó is €813/month in 2023 — +3.7% year-on-year. Back in 2020 it was €735/month, a 10.6% increase over 4 years. Provincial average (Illes Balears): €792/month.
National market context
National rank
#146
out of 753 municipalities
vs Illes Balears
+21€
region avg: €792
Trend vs Spain
+1.4%
avg: 2.3%
Trend vs region
+0.5%
region avg: €3.2
Maó ranks 146 out of 753 municipalities in the INE rent price index. It is close to the Illes Balears average (€792/month).
Rent price evolution
Estimated monthly rent in Maó (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
16.314€
per year · INE Atlas
Average household income
43.139€
per year
Rent-to-income ratio
59.8%
of per capita income
Average gross salary
29.075€
per year · Illes Balears
Rent-to-salary ratio
33.6%
of annual gross salary
The national average effort is 55.3% of per capita income. Maó is 5 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Illes Balears average.
What would it cost to live in Maó?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
3%
of estimated active population
Registered unemployed
568
people
Annual change
-6.3%
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 | 125.127 | 813€ |
| 2022 | 120.643 | 784€ |
| 2021 | 116.523 | 757€ |
| 2020 | 113.077 | 735€ |
Idealista
Rental flats in Maó →
External link to Idealista. UrbanStatsLab may earn a commission.
Frequently asked questions
How much does it cost to rent in Maó?
The estimated rent in Maó is €813/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Maó?
Rent in Maó has risen by 3.7% compared to the previous year, per the INE IPVA index.
Is Maó expensive to rent compared to the national average?
Yes, rent in Maó (€813/month) is 25% above the national average (€648/month).
How much do you need to earn to live in Maó?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €33000 net per year to live in Maó with a rent of €813/month.
What would a mortgage cost in Maó?
For an estimated property price of €165,000 in Maó (based on current rent of €813/month), the monthly mortgage payment would be €661 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €49,500 (20% down + ~10% costs).
Illes Balears province
View all municipalities and compare prices
Other municipalities in Illes Balears
Municipalities with similar rent
Municipalities in Spain with a similar rent to Maó (±10%)
Want to compare Maó 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: 07032