Rent price in Olivenza
Badajoz · Extremadura
Estimated rent · IPVA 2023
Net income
10.9k€
per capita/yr
Unemployment
14.8%
SEPE
Population
11,789
residents
According to INE IPVA data, estimated rent in Olivenza is €404/month in 2023 — +1.2% year-on-year. Back in 2020 it was €390/month, a 3.6% increase over 4 years. Provincial average (Badajoz): €416/month.
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National market context
National rank
#738
out of 748 municipalities
vs Extremadura
-12€
region avg: €416
Trend vs Spain
-1.1%
avg: 2.3%
Trend vs region
-1%
region avg: €2.2
Olivenza is among Spain's most affordable municipalities (position 738 of 748).
Rent price evolution
Estimated monthly rent in Olivenza (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
10.854€
per year · INE Atlas
Average household income
27.142€
per year
Rent-to-income ratio
44.7%
of per capita income
Average gross salary
24.979€
per year · Extremadura
Rent-to-salary ratio
19.4%
of annual gross salary
The national average effort is 55.4% of per capita income. Olivenza is 11 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
14.8%
of estimated active population
Registered unemployed
743
people
Annual change
-16.5%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Olivenza?
With rent at €404/month, the recommended salary (30% rule) is €22,500 gross/year.
Recommended salary
22,500€
gross / year
Rent
404€
/ month
Real avg income
10,854€
net / year
Enter your gross annual salary to see what rent in Olivenza means for your budget.
What would a mortgage cost in Olivenza?
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 Olivenza, saving that amount would take around 2.9 years.
What does it cost to live in Olivenza?
Rent is €404/month. With average food, transport and utilities, the estimated cost of living is €1,174/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 | 109.253 | 404€ |
| 2022 | 107.968 | 399€ |
| 2021 | 105.218 | 389€ |
| 2020 | 105.457 | 390€ |
Frequently asked questions
How much does it cost to rent in Olivenza?
The estimated rent in Olivenza is €404/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Olivenza?
Rent in Olivenza has risen by 1.2% compared to the previous year, per the INE IPVA index.
Is Olivenza expensive to rent compared to the national average?
No, rent in Olivenza (€404/month) is 38% below the national average (€648/month).
How much do you need to earn to live in Olivenza?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €16000 net per year to live in Olivenza with a rent of €404/month.
What would a mortgage cost in Olivenza?
For an estimated property price of €80,000 in Olivenza (based on current rent of €404/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 Olivenza (±10%)
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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: 06095