Rent price in Mula

Murcia · Región de Murcia

Estimated rent · IPVA 2023

529per month
+1.2% year-on-yearCheaper than 80% of Spainvs Spain: -119€ · avg €648

Net income

10.8k€

per capita/yr

Unemployment

6.9%

SEPE

Population

17,937

residents

View methodology →

According to INE IPVA data, estimated rent in Mula is €529/month in 2023 — +1.2% year-on-year. Back in 2020 it was €500/month, a 5.8% increase over 4 years. Provincial average (Murcia): €530/month.

National market context

National rank

#603

out of 753 municipalities

vs Región de Murcia

-1

region avg: €530

Trend vs Spain

-1.1%

avg: 2.3%

Trend vs region

-0.6%

region avg: €1.8

Mula ranks 603 out of 753 municipalities in the INE rent price index. It is close to the Región de Murcia average (€530/month).

Rent price evolution

Estimated monthly rent in Mula (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

10.753

per year · INE Atlas

Average household income

29.272

per year

Rent-to-income ratio

59%

of per capita income

Average gross salary

26.349

per year · Región de Murcia

Rent-to-salary ratio

24.1%

of annual gross salary

The national average effort is 55.3% of per capita income. Mula is 4 points above that average.

Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Región de Murcia average.

FINANCIAL CALCULATORS

What would it cost to live in Mula?

Calculate your mortgage payment, required salary and real cost of living.

Go to calculators

Registered unemployment

Estimated unemployment rate

6.9%

of estimated active population

Registered unemployed

609

people

Annual change

-7.9%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

Monthly max & min temperature (°C) · 2015–2024 normals

15°5.5°Jan16.6°6.6°Feb18.8°8°Mar21°10°Apr25.6°13.5°May30.1°17.3°Jun34.3°20.7°Jul33.5°21°Aug28.3°17.9°Sep24.3°14.3°Oct18.8°9.6°Nov16.1°7.1°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023114.915529
2022113.519522
2021110.061506
2020108.784500

Idealista

Rental flats in Mula

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Mula?

The estimated rent in Mula is €529/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Mula?

Rent in Mula has risen by 1.2% compared to the previous year, per the INE IPVA index.

Is Mula expensive to rent compared to the national average?

No, rent in Mula (€529/month) is 18% below the national average (€648/month).

How much do you need to earn to live in Mula?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €21000 net per year to live in Mula with a rent of €529/month.

What would a mortgage cost in Mula?

For an estimated property price of €105,000 in Mula (based on current rent of €529/month), the monthly mortgage payment would be €421 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €31,500 (20% down + ~10% costs).

Murcia province

View all municipalities and compare prices

Other municipalities in Murcia

Municipalities with similar rent

Municipalities in Spain with a similar rent to Mula (±10%)

Want to compare Mula with another municipality?

Rent, income, population and more, side by side.

Compare →
INE

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: 30029