Rent price in Picanya
Valencia/València · Comunitat Valenciana
Estimated rent · IPVA 2023
Net income
15.6k€
per capita/yr
Unemployment
8.8%
SEPE
Population
11,901
residents
Rent in Picanya stands at €693/month in 2023 per the INE IPVA, a +2.9% year-on-year change. Since 2020 prices have risen 9.7%, placing it €22 above the Valencia/València provincial average (€671/month).
Idealista
Rental flats in Picanya →
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National market context
National rank
#219
out of 748 municipalities
vs CCAA
+50€
region avg: €643
Trend vs Spain
+0.6%
avg: 2.3%
Trend vs region
-0.3%
region avg: €3.2
Picanya ranks 219 out of 748 municipalities in the INE rent price index. It is 8% above the Comunitat Valenciana average (€643/month).
Rent price evolution
Estimated monthly rent in Picanya (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
15.623€
per year · INE Atlas
Average household income
41.913€
per year
Rent-to-income ratio
53.2%
of per capita income
Average gross salary
26.817€
per year · Comunitat Valenciana
Rent-to-salary ratio
31%
of annual gross salary
The national average effort is 55.4% of per capita income. Picanya is 2 points below 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
8.8%
of estimated active population
Registered unemployed
501
people
Annual change
-14.1%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Picanya?
With rent at €693/month, the recommended salary (30% rule) is €41,000 gross/year.
Recommended salary
41,000€
gross / year
Rent
693€
/ month
Real avg income
15,623€
net / year
Enter your gross annual salary to see what rent in Picanya means for your budget.
What would a mortgage cost in Picanya?
For a €140,000 property (estimated from current rent), the monthly payment would be €561 over 25 years at 3.5%. You need €42,000 for the down payment and costs (20% + 10%). Based on average incomes in Picanya, saving that amount would take around 3.3 years.
What does it cost to live in Picanya?
Rent is €693/month. With average food, transport and utilities, the estimated cost of living is €1,463/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 | 126.019 | 693€ |
| 2022 | 122.417 | 673€ |
| 2021 | 117.853 | 648€ |
| 2020 | 114.897 | 632€ |
Frequently asked questions
How much does it cost to rent in Picanya?
The estimated rent in Picanya is €693/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Picanya?
Rent in Picanya has risen by 2.9% compared to the previous year, per the INE IPVA index.
Is Picanya expensive to rent compared to the national average?
Yes, rent in Picanya (€693/month) is 7% above the national average (€648/month).
How much do you need to earn to live in Picanya?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €28000 net per year to live in Picanya with a rent of €693/month.
What would a mortgage cost in Picanya?
For an estimated property price of €140,000 in Picanya (based on current rent of €693/month), the monthly mortgage payment would be €561 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €42,000 (20% down + ~10% costs).
Valencia/València province
View all municipalities and compare prices
Other municipalities in Valencia/València
Municipalities with similar rent
Municipalities in Spain with a similar rent to Picanya (±10%)
More affordable options in Comunitat Valenciana
Municipalities in Comunitat Valenciana with lower rent than Picanya
Want to compare Picanya with another municipality?
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: 46193