Rent price in Picassent
Valencia/València · Comunitat Valenciana
Estimated rent · IPVA 2023
Net income
13.6k€
per capita/yr
Unemployment
10.9%
SEPE
Population
23,202
residents
In 2023, the estimated rent in Picassent is €689/month (INE IPVA index), a +4.5% annual change and 10.6% higher than in 2020. Estimated provincial average in Valencia/València: €671/month.
Idealista
Rental flats in Picassent →
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National market context
National rank
#226
out of 748 municipalities
vs CCAA
+46€
region avg: €643
Trend vs Spain
+2.2%
avg: 2.3%
Trend vs region
+1.3%
region avg: €3.2
Picassent ranks 226 out of 748 municipalities in the INE rent price index. It is 7% above the Comunitat Valenciana average (€643/month).
Rent price evolution
Estimated monthly rent in Picassent (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
13.620€
per year · INE Atlas
Average household income
35.180€
per year
Rent-to-income ratio
60.7%
of per capita income
Average gross salary
26.817€
per year · Comunitat Valenciana
Rent-to-salary ratio
30.8%
of annual gross salary
The national average effort is 55.4% of per capita income. Picassent is 5 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
10.9%
of estimated active population
Registered unemployed
1,215
people
Annual change
-6.5%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Picassent?
With rent at €689/month, the recommended salary (30% rule) is €40,500 gross/year.
Recommended salary
40,500€
gross / year
Rent
689€
/ month
Real avg income
13,620€
net / year
Enter your gross annual salary to see what rent in Picassent means for your budget.
What would a mortgage cost in Picassent?
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 Picassent, saving that amount would take around 4 years.
What does it cost to live in Picassent?
Rent is €689/month. With average food, transport and utilities, the estimated cost of living is €1,459/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 | 125.326 | 689€ |
| 2022 | 119.979 | 660€ |
| 2021 | 116.090 | 638€ |
| 2020 | 113.241 | 623€ |
Frequently asked questions
How much does it cost to rent in Picassent?
The estimated rent in Picassent is €689/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Picassent?
Rent in Picassent has risen by 4.5% compared to the previous year, per the INE IPVA index.
Is Picassent expensive to rent compared to the national average?
Yes, rent in Picassent (€689/month) is 6% above the national average (€648/month).
How much do you need to earn to live in Picassent?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €28000 net per year to live in Picassent with a rent of €689/month.
What would a mortgage cost in Picassent?
For an estimated property price of €140,000 in Picassent (based on current rent of €689/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 Picassent (±10%)
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Want to compare Picassent with another municipality?
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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: 46194