Rent price in Peñarroya-Pueblonuevo
Córdoba · Andalucía
Estimated rent · IPVA 2023
Net income
12.1k€
per capita/yr
Unemployment
25.3%
SEPE
Population
10,244
residents
Rent in Peñarroya-Pueblonuevo stands at €461/month in 2023 per the INE IPVA, a -0.1% year-on-year change. Since 2020 prices have risen 6.5%, placing it €13 below the Córdoba provincial average (€474/month).
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National market context
National rank
#672
out of 748 municipalities
vs Andalucía
-107€
region avg: €568
Trend vs Spain
-2.4%
avg: 2.3%
Trend vs region
-1.9%
region avg: €1.8
Peñarroya-Pueblonuevo ranks 672 out of 748 municipalities in the INE rent price index. It is 19% below the Andalucía average (€568/month).
Rent price evolution
Estimated monthly rent in Peñarroya-Pueblonuevo (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
12.142€
per year · INE Atlas
Average household income
29.269€
per year
Rent-to-income ratio
45.6%
of per capita income
Average gross salary
26.090€
per year · Andalucía
Rent-to-salary ratio
21.2%
of annual gross salary
The national average effort is 55.4% of per capita income. Peñarroya-Pueblonuevo is 10 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Andalucía average.
Registered unemployment
Estimated unemployment rate
25.3%
of estimated active population
Registered unemployed
1,082
people
Annual change
-8.6%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Peñarroya-Pueblonuevo?
With rent at €461/month, the recommended salary (30% rule) is €26,000 gross/year.
Recommended salary
26,000€
gross / year
Rent
461€
/ month
Real avg income
12,142€
net / year
Enter your gross annual salary to see what rent in Peñarroya-Pueblonuevo means for your budget.
What would a mortgage cost in Peñarroya-Pueblonuevo?
For a €90,000 property (estimated from current rent), the monthly payment would be €360 over 25 years at 3.5%. You need €27,000 for the down payment and costs (20% + 10%). Based on average incomes in Peñarroya-Pueblonuevo, saving that amount would take around 3.1 years.
What does it cost to live in Peñarroya-Pueblonuevo?
Rent is €461/month. With average food, transport and utilities, the estimated cost of living is €1,231/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 | 107.205 | 461€ |
| 2022 | 107.342 | 462€ |
| 2021 | 105.832 | 455€ |
| 2020 | 100.774 | 433€ |
Frequently asked questions
How much does it cost to rent in Peñarroya-Pueblonuevo?
The estimated rent in Peñarroya-Pueblonuevo is €461/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Peñarroya-Pueblonuevo?
Rent in Peñarroya-Pueblonuevo has fallen by 0.1% compared to the previous year, per the INE IPVA index.
Is Peñarroya-Pueblonuevo expensive to rent compared to the national average?
No, rent in Peñarroya-Pueblonuevo (€461/month) is 29% below the national average (€648/month).
How much do you need to earn to live in Peñarroya-Pueblonuevo?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €18000 net per year to live in Peñarroya-Pueblonuevo with a rent of €461/month.
What would a mortgage cost in Peñarroya-Pueblonuevo?
For an estimated property price of €90,000 in Peñarroya-Pueblonuevo (based on current rent of €461/month), the monthly mortgage payment would be €360 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €27,000 (20% down + ~10% costs).
Córdoba 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: 14052