Rent price in Ponferrada

León · Castilla y León

Estimated rent · IPVA 2023

458per month
+1.4% year-on-yearCheaper than 90% of Spainvs Spain: -190€ · avg €648

Net income

14.5k€

per capita/yr

Unemployment

12.3%

SEPE

Population

63,186

residents

View methodology →

According to INE IPVA data, estimated rent in Ponferrada is €458/month in 2023 — +1.4% year-on-year. Back in 2020 it was €438/month, a 4.6% increase over 4 years. Provincial average (León): €460/month.

Full guide: living in Ponferrada

Monthly budget, required salary and mortgage estimate

National market context

National rank

#679

out of 753 municipalities

vs Castilla y León

-13

region avg: €471

Trend vs Spain

-0.9%

avg: 2.3%

Trend vs region

-0.5%

region avg: €1.9

Ponferrada ranks 679 out of 753 municipalities in the INE rent price index. It is close to the Castilla y León average (€471/month).

Rent price evolution

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

Income and housing effort

Net income per capita

14.473

per year · INE Atlas

Average household income

32.490

per year

Rent-to-income ratio

38%

of per capita income

Average gross salary

26.177

per year · Castilla y León

Rent-to-salary ratio

21%

of annual gross salary

The national average effort is 55.3% of per capita income. Ponferrada is 17 points below that average.

Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Castilla y León average.

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Registered unemployment

Estimated unemployment rate

12.3%

of estimated active population

Registered unemployed

3,457

people

Annual change

-1.6%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

9.6°2°Jan11.3°2.7°Feb13.8°3.9°Mar17.3°6.3°Apr21°9.7°May24.7°13.5°Jun29.4°16.4°Jul29.4°16.3°Aug24.5°13.1°Sep19.7°10.2°Oct13.4°5.8°Nov10.9°3.7°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023109.135458
2022107.625452
2021105.955445
2020104.318438

Idealista

Rental flats in Ponferrada

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Ponferrada?

The estimated rent in Ponferrada is €458/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Ponferrada?

Rent in Ponferrada has risen by 1.4% compared to the previous year, per the INE IPVA index.

Is Ponferrada expensive to rent compared to the national average?

No, rent in Ponferrada (€458/month) is 29% below the national average (€648/month).

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

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €18000 net per year to live in Ponferrada with a rent of €458/month.

What would a mortgage cost in Ponferrada?

For an estimated property price of €90,000 in Ponferrada (based on current rent of €458/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).

León province

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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: 24115