Rent price in Narón

A Coruña · Galicia

Estimated rent · IPVA 2023

554per month
+2.2% year-on-yearCheaper than 70% of Spainvs Spain: -94€ · avg €648

Net income

14.1k€

per capita/yr

Unemployment

9.4%

SEPE

Population

39,953

residents

View methodology →

According to INE IPVA data, estimated rent in Narón is €554/month in 2023 — +2.2% year-on-year. Back in 2020 it was €524/month, a 5.7% increase over 4 years. Provincial average (A Coruña): €562/month.

National market context

National rank

#527

out of 753 municipalities

vs Galicia

+23

region avg: €531

Trend vs Spain

-0.1%

avg: 2.3%

Trend vs region

+0.1%

region avg: €2.1

Narón ranks 527 out of 753 municipalities in the INE rent price index. It is close to the Galicia average (€531/month).

Rent price evolution

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

Income and housing effort

Net income per capita

14.101

per year · INE Atlas

Average household income

32.992

per year

Rent-to-income ratio

47.1%

of per capita income

Average gross salary

26.547

per year · Galicia

Rent-to-salary ratio

25%

of annual gross salary

The national average effort is 55.3% of per capita income. Narón is 8 points below that average.

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

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Registered unemployment

Estimated unemployment rate

9.4%

of estimated active population

Registered unemployed

1,740

people

Annual change

-1.2%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

12.1°7.1°Jan12.9°7.3°Feb13.6°7.7°Mar15.8°9°Apr18°11.4°May19.8°13.8°Jun22.2°15.8°Jul22.8°16.3°Aug21.3°14.9°Sep18.9°13°Oct15.1°10.1°Nov13.6°8.5°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023110.730554
2022108.312542
2021106.212531
2020104.759524

Idealista

Rental flats in Narón

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Narón?

The estimated rent in Narón is €554/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Narón?

Rent in Narón has risen by 2.2% compared to the previous year, per the INE IPVA index.

Is Narón expensive to rent compared to the national average?

No, rent in Narón (€554/month) is 15% below the national average (€648/month).

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

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Narón with a rent of €554/month.

What would a mortgage cost in Narón?

For an estimated property price of €110,000 in Narón (based on current rent of €554/month), the monthly mortgage payment would be €441 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €33,000 (20% down + ~10% costs).

A Coruña province

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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: 15054