Rent price in Orotava, La
Santa Cruz de Tenerife · Canarias
Estimated rent · IPVA 2023
Net income
12.4k€
per capita/yr
Unemployment
13.8%
SEPE
Population
42,514
residents
Rent in Orotava, La stands at €570/month in 2023 per the INE IPVA, a +3% year-on-year change. Since 2020 prices have risen 8.2%, placing it €11 below the Santa Cruz de Tenerife provincial average (€581/month).
National market context
National rank
#469
out of 753 municipalities
vs Canarias
-19€
region avg: €589
Trend vs Spain
+0.7%
avg: 2.3%
Trend vs region
+0.3%
region avg: €2.7
Orotava, La ranks 469 out of 753 municipalities in the INE rent price index. It is close to the Canarias average (€589/month).
Rent price evolution
Estimated monthly rent in Orotava, La (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
12.366€
per year · INE Atlas
Average household income
34.805€
per year
Rent-to-income ratio
55.3%
of per capita income
Average gross salary
25.120€
per year · Canarias
Rent-to-salary ratio
27.2%
of annual gross salary
The national average effort is 55.3% of per capita income. Orotava, La is 0 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Canarias average.
What would it cost to live in Orotava, La?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
13.8%
of estimated active population
Registered unemployed
3,111
people
Annual change
-7.3%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
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 | 118.795 | 570€ |
| 2022 | 115.385 | 554€ |
| 2021 | 112.257 | 539€ |
| 2020 | 109.845 | 527€ |
Idealista
Rental flats in Orotava, La →
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Frequently asked questions
How much does it cost to rent in Orotava, La?
The estimated rent in Orotava, La is €570/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Orotava, La?
Rent in Orotava, La has risen by 3% compared to the previous year, per the INE IPVA index.
Is Orotava, La expensive to rent compared to the national average?
No, rent in Orotava, La (€570/month) is 12% below the national average (€648/month).
How much do you need to earn to live in Orotava, La?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Orotava, La with a rent of €570/month.
What would a mortgage cost in Orotava, La?
For an estimated property price of €115,000 in Orotava, La (based on current rent of €570/month), the monthly mortgage payment would be €461 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €34,500 (20% down + ~10% costs).
Santa Cruz de Tenerife province
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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: 38026