Rent price in Montijo
Badajoz · Extremadura
Estimated rent · IPVA 2023
Net income
11.2k€
per capita/yr
Unemployment
17.2%
SEPE
Population
15,198
residents
Rent in Montijo stands at €400/month in 2023 per the INE IPVA, a +3.9% year-on-year change. Since 2020 prices have risen 6.1%, placing it €16 below the Badajoz provincial average (€416/month).
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National market context
National rank
#739
out of 748 municipalities
vs Extremadura
-16€
region avg: €416
Trend vs Spain
+1.6%
avg: 2.3%
Trend vs region
+1.7%
region avg: €2.2
Montijo is among Spain's most affordable municipalities (position 739 of 748).
Rent price evolution
Estimated monthly rent in Montijo (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
11.221€
per year · INE Atlas
Average household income
26.891€
per year
Rent-to-income ratio
42.8%
of per capita income
Average gross salary
24.979€
per year · Extremadura
Rent-to-salary ratio
19.2%
of annual gross salary
The national average effort is 55.4% of per capita income. Montijo is 13 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Extremadura average.
Registered unemployment
Estimated unemployment rate
17.2%
of estimated active population
Registered unemployed
1,115
people
Annual change
-13%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Montijo?
With rent at €400/month, the recommended salary (30% rule) is €22,500 gross/year.
Recommended salary
22,500€
gross / year
Rent
400€
/ month
Real avg income
11,221€
net / year
Enter your gross annual salary to see what rent in Montijo means for your budget.
What would a mortgage cost in Montijo?
For a €80,000 property (estimated from current rent), the monthly payment would be €320 over 25 years at 3.5%. You need €24,000 for the down payment and costs (20% + 10%). Based on average incomes in Montijo, saving that amount would take around 3 years.
What does it cost to live in Montijo?
Rent is €400/month. With average food, transport and utilities, the estimated cost of living is €1,170/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 | 108.047 | 400€ |
| 2022 | 104.023 | 385€ |
| 2021 | 102.952 | 381€ |
| 2020 | 101.997 | 377€ |
Frequently asked questions
How much does it cost to rent in Montijo?
The estimated rent in Montijo is €400/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Montijo?
Rent in Montijo has risen by 3.9% compared to the previous year, per the INE IPVA index.
Is Montijo expensive to rent compared to the national average?
No, rent in Montijo (€400/month) is 38% below the national average (€648/month).
How much do you need to earn to live in Montijo?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €16000 net per year to live in Montijo with a rent of €400/month.
What would a mortgage cost in Montijo?
For an estimated property price of €80,000 in Montijo (based on current rent of €400/month), the monthly mortgage payment would be €320 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €24,000 (20% down + ~10% costs).
Badajoz province
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Other municipalities in Badajoz
Municipalities with similar rent
Municipalities in Spain with a similar rent to Montijo (±10%)
Want to compare Montijo 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: 06088