Rent price in Petrer
Alicante/Alacant · Comunitat Valenciana
Estimated rent · IPVA 2023
Net income
11.8k€
per capita/yr
Unemployment
14.9%
SEPE
Population
34,022
residents
In 2023, the estimated rent in Petrer is €630/month (INE IPVA index), a +2% annual change and 5.9% higher than in 2020. Estimated provincial average in Alicante/Alacant: €625/month.
Idealista
Rental flats in Petrer →
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National market context
National rank
#329
out of 748 municipalities
vs CCAA
-13€
region avg: €643
Trend vs Spain
-0.3%
avg: 2.3%
Trend vs region
-1.2%
region avg: €3.2
Petrer ranks 329 out of 748 municipalities in the INE rent price index. It is close to the Comunitat Valenciana average (€643/month).
Rent price evolution
Estimated monthly rent in Petrer (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
11.815€
per year · INE Atlas
Average household income
29.788€
per year
Rent-to-income ratio
64%
of per capita income
Average gross salary
26.817€
per year · Comunitat Valenciana
Rent-to-salary ratio
28.2%
of annual gross salary
The national average effort is 55.4% of per capita income. Petrer is 9 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Comunitat Valenciana average.
Registered unemployment
Estimated unemployment rate
14.9%
of estimated active population
Registered unemployed
2,431
people
Annual change
-6.7%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Petrer?
With rent at €630/month, the recommended salary (30% rule) is €37,000 gross/year.
Recommended salary
37,000€
gross / year
Rent
630€
/ month
Real avg income
11,815€
net / year
Enter your gross annual salary to see what rent in Petrer means for your budget.
What would a mortgage cost in Petrer?
For a €125,000 property (estimated from current rent), the monthly payment would be €501 over 25 years at 3.5%. You need €37,500 for the down payment and costs (20% + 10%). Based on average incomes in Petrer, saving that amount would take around 4.2 years.
What does it cost to live in Petrer?
Rent is €630/month. With average food, transport and utilities, the estimated cost of living is €1,400/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 | 118.779 | 630€ |
| 2022 | 116.466 | 617€ |
| 2021 | 114.241 | 605€ |
| 2020 | 112.308 | 595€ |
Frequently asked questions
How much does it cost to rent in Petrer?
The estimated rent in Petrer is €630/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Petrer?
Rent in Petrer has risen by 2% compared to the previous year, per the INE IPVA index.
Is Petrer expensive to rent compared to the national average?
Rent in Petrer (€630/month) is close to the national average (€648/month).
How much do you need to earn to live in Petrer?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €25000 net per year to live in Petrer with a rent of €630/month.
What would a mortgage cost in Petrer?
For an estimated property price of €125,000 in Petrer (based on current rent of €630/month), the monthly mortgage payment would be €501 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €37,500 (20% down + ~10% costs).
Alicante/Alacant province
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Other municipalities in Alicante/Alacant
Municipalities with similar rent
Municipalities in Spain with a similar rent to Petrer (±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: 03104