Rent price in Monforte de Lemos
Lugo · Galicia
Estimated rent · IPVA 2023
Net income
13.4k€
per capita/yr
Unemployment
10.8%
SEPE
Population
18,933
residents
According to INE IPVA data, estimated rent in Monforte de Lemos is €415/month in 2023 — +2.7% year-on-year. Back in 2020 it was €391/month, a 6.1% increase over 4 years. Provincial average (Lugo): €425/month.
National market context
National rank
#732
out of 753 municipalities
vs Galicia
-116€
region avg: €531
Trend vs Spain
+0.4%
avg: 2.3%
Trend vs region
+0.6%
region avg: €2.1
Monforte de Lemos is among Spain's most affordable municipalities (position 732 of 753).
Rent price evolution
Estimated monthly rent in Monforte de Lemos (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
13.384€
per year · INE Atlas
Average household income
30.371€
per year
Rent-to-income ratio
37.2%
of per capita income
Average gross salary
26.547€
per year · Galicia
Rent-to-salary ratio
18.8%
of annual gross salary
The national average effort is 55.3% of per capita income. Monforte de Lemos is 18 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 Monforte de Lemos?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
10.8%
of estimated active population
Registered unemployed
947
people
Annual change
+2.9%
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 | 109.220 | 415€ |
| 2022 | 106.389 | 404€ |
| 2021 | 104.726 | 398€ |
| 2020 | 102.925 | 391€ |
Idealista
Rental flats in Monforte de Lemos →
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Frequently asked questions
How much does it cost to rent in Monforte de Lemos?
The estimated rent in Monforte de Lemos is €415/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Monforte de Lemos?
Rent in Monforte de Lemos has risen by 2.7% compared to the previous year, per the INE IPVA index.
Is Monforte de Lemos expensive to rent compared to the national average?
No, rent in Monforte de Lemos (€415/month) is 36% below the national average (€648/month).
How much do you need to earn to live in Monforte de Lemos?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €17000 net per year to live in Monforte de Lemos with a rent of €415/month.
What would a mortgage cost in Monforte de Lemos?
For an estimated property price of €85,000 in Monforte de Lemos (based on current rent of €415/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
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Other municipalities in Lugo
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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: 27031