Rent price in Parla

Madrid · Comunidad de Madrid

Estimated rent · IPVA 2023

1024per month
+1.9% year-on-yearTop 1% most expensive in Spainvs Spain: +376€ · avg €648

Net income

11.5k€

per capita/yr

Unemployment

9.4%

SEPE

Population

137k

residents

View methodology →

Rent in Parla stands at €1024/month in 2023 per the INE IPVA, a +1.9% year-on-year change. Since 2020 prices have risen 6.7%, placing it €22 above the Madrid provincial average (€1002/month).

Full guide: living in Parla

Monthly budget, required salary and mortgage estimate

Idealista

Rental flats in Parla

External link to Idealista. UrbanStatsLab may earn a commission.

National market context

National rank

#10

out of 748 municipalities

vs CCAA

+22

region avg: €1002

Trend vs Spain

-0.4%

avg: 2.3%

Trend vs region

-0.4%

region avg: €2.3

Parla ranks among the 10 most expensive municipalities in Spain (position 10 of 748).

Rent price evolution

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

Income and housing effort

Net income per capita

11.522

per year · INE Atlas

Average household income

35.177

per year

Rent-to-income ratio

106.6%

of per capita income

Average gross salary

34.410

per year · Comunidad de Madrid

Rent-to-salary ratio

35.7%

of annual gross salary

The national average effort is 55.4% of per capita income. Parla is 51 points above that average.

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

Registered unemployment

Estimated unemployment rate

9.4%

of estimated active population

Registered unemployed

6,815

people

Annual change

-7.5%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

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

With rent at €1024/month, the recommended salary (30% rule) is €63,500 gross/year.

Recommended salary

63,500

gross / year

Rent

1024

/ month

Real avg income

11,522

net / year

€ gross / year

Enter your gross annual salary to see what rent in Parla means for your budget.

What would a mortgage cost in Parla?

For a €205,000 property (estimated from current rent), the monthly payment would be €821 over 25 years at 3.5%. You need €61,500 for the down payment and costs (20% + 10%). Based on average incomes in Parla, saving that amount would take around 5.8 years.

What does it cost to live in Parla?

Rent is €1024/month. With average food, transport and utilities, the estimated cost of living is €1,794/month. Adjust each category to your situation.

🏠 Rent1024
🛒 Food
🚌 Transport
Utilities
💊 Health
🎭 Leisure
📦 Other
Estimated monthly total1,794
Avg net income: €960/month-834 margin

Estimated expenses based on national averages. Adjust to your lifestyle.

Climate

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

10.2°1.2°Jan13.2°2.8°Feb15.9°4.8°Mar19°7.5°Apr24.3°11.6°May29.4°16.2°Jun34.2°20°Jul33.2°19.6°Aug26.9°14.9°Sep21.6°10.9°Oct14.6°5.9°Nov11.5°3.1°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023120.4181024
2022118.1671004
2021115.490982
2020112.897960

Frequently asked questions

How much does it cost to rent in Parla?

The estimated rent in Parla is €1024/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Parla?

Rent in Parla has risen by 1.9% compared to the previous year, per the INE IPVA index.

Is Parla expensive to rent compared to the national average?

Yes, rent in Parla (€1024/month) is 58% above the national average (€648/month).

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

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €41000 net per year to live in Parla with a rent of €1024/month.

What would a mortgage cost in Parla?

For an estimated property price of €205,000 in Parla (based on current rent of €1024/month), the monthly mortgage payment would be €821 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €61,500 (20% down + ~10% costs).

Madrid province

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Other municipalities in Madrid

Municipalities with similar rent

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

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Municipalities in Comunidad de Madrid with lower rent than Parla

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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: 28106