Rent price in Monòver/Monóvar
Alicante/Alacant · Comunitat Valenciana
Estimated rent · IPVA 2023
Net income
11.0k€
per capita/yr
Unemployment
14.3%
SEPE
Population
13,116
residents
According to INE IPVA data, estimated rent in Monòver/Monóvar is €593/month in 2023 — +0.1% year-on-year. Back in 2020 it was €575/month, a 3.1% increase over 4 years. Provincial average (Alicante/Alacant): €625/month.
Idealista
Rental flats in Monòver/Monóvar →
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National market context
National rank
#404
out of 748 municipalities
vs CCAA
-50€
region avg: €643
Trend vs Spain
-2.2%
avg: 2.3%
Trend vs region
-3.1%
region avg: €3.2
Monòver/Monóvar ranks 404 out of 748 municipalities in the INE rent price index. It is 8% below the Comunitat Valenciana average (€643/month).
Rent price evolution
Estimated monthly rent in Monòver/Monóvar (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
10.968€
per year · INE Atlas
Average household income
26.954€
per year
Rent-to-income ratio
64.9%
of per capita income
Average gross salary
26.817€
per year · Comunitat Valenciana
Rent-to-salary ratio
26.5%
of annual gross salary
The national average effort is 55.4% of per capita income. Monòver/Monóvar is 10 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Comunitat Valenciana average.
Registered unemployment
Estimated unemployment rate
14.3%
of estimated active population
Registered unemployed
901
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 Monòver/Monóvar?
With rent at €593/month, the recommended salary (30% rule) is €35,000 gross/year.
Recommended salary
35,000€
gross / year
Rent
593€
/ month
Real avg income
10,968€
net / year
Enter your gross annual salary to see what rent in Monòver/Monóvar means for your budget.
What would a mortgage cost in Monòver/Monóvar?
For a €120,000 property (estimated from current rent), the monthly payment would be €481 over 25 years at 3.5%. You need €36,000 for the down payment and costs (20% + 10%). Based on average incomes in Monòver/Monóvar, saving that amount would take around 4.5 years.
What does it cost to live in Monòver/Monóvar?
Rent is €593/month. With average food, transport and utilities, the estimated cost of living is €1,363/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 | 111.804 | 593€ |
| 2022 | 111.715 | 592€ |
| 2021 | 109.238 | 579€ |
| 2020 | 108.399 | 575€ |
Frequently asked questions
How much does it cost to rent in Monòver/Monóvar?
The estimated rent in Monòver/Monóvar is €593/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Monòver/Monóvar?
Rent in Monòver/Monóvar has risen by 0.1% compared to the previous year, per the INE IPVA index.
Is Monòver/Monóvar expensive to rent compared to the national average?
No, rent in Monòver/Monóvar (€593/month) is 8% below the national average (€648/month).
How much do you need to earn to live in Monòver/Monóvar?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €24000 net per year to live in Monòver/Monóvar with a rent of €593/month.
What would a mortgage cost in Monòver/Monóvar?
For an estimated property price of €120,000 in Monòver/Monóvar (based on current rent of €593/month), the monthly mortgage payment would be €481 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €36,000 (20% down + ~10% costs).
Alicante/Alacant province
View all municipalities and compare prices
Other municipalities in Alicante/Alacant
Municipalities with similar rent
Municipalities in Spain with a similar rent to Monòver/Monóvar (±10%)
Want to compare Monòver/Monóvar 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: 03089