Rent price in San Martín de la Vega
Madrid · Comunidad de Madrid
Estimated rent · IPVA 2023
Net income
12.7k€
per capita/yr
Unemployment
9.4%
SEPE
Population
21,010
residents
In 2023, the estimated rent in San Martín de la Vega is €968/month (INE IPVA index), a +2.2% annual change and 7.8% higher than in 2020. Estimated provincial average in Madrid: €1002/month.
National market context
National rank
#51
out of 753 municipalities
vs CCAA
-34€
region avg: €1002
Trend vs Spain
-0.1%
avg: 2.3%
Trend vs region
-0.1%
region avg: €2.3
San Martín de la Vega ranks 51 out of 753 municipalities in the INE rent price index. It is close to the Comunidad de Madrid average (€1002/month).
Rent price evolution
Estimated monthly rent in San Martín de la Vega (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
12.720€
per year · INE Atlas
Average household income
38.563€
per year
Rent-to-income ratio
91.3%
of per capita income
Average gross salary
34.410€
per year · Comunidad de Madrid
Rent-to-salary ratio
33.8%
of annual gross salary
The national average effort is 55.3% of per capita income. San Martín de la Vega is 36 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Comunidad de Madrid average.
What would it cost to live in San Martín de la Vega?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
9.4%
of estimated active population
Registered unemployed
1,051
people
Annual change
-4.2%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
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 | 113.920 | 968€ |
| 2022 | 111.508 | 948€ |
| 2021 | 108.049 | 918€ |
| 2020 | 105.654 | 898€ |
Idealista
Rental flats in San Martín de la Vega →
External link to Idealista. UrbanStatsLab may earn a commission.
Frequently asked questions
How much does it cost to rent in San Martín de la Vega?
The estimated rent in San Martín de la Vega is €968/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in San Martín de la Vega?
Rent in San Martín de la Vega has risen by 2.2% compared to the previous year, per the INE IPVA index.
Is San Martín de la Vega expensive to rent compared to the national average?
Yes, rent in San Martín de la Vega (€968/month) is 49% above the national average (€648/month).
How much do you need to earn to live in San Martín de la Vega?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €39000 net per year to live in San Martín de la Vega with a rent of €968/month.
What would a mortgage cost in San Martín de la Vega?
For an estimated property price of €195,000 in San Martín de la Vega (based on current rent of €968/month), the monthly mortgage payment would be €781 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €58,500 (20% down + ~10% costs).
Madrid province
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Other municipalities in Madrid
Municipalities with similar rent
Municipalities in Spain with a similar rent to San Martín de la Vega (±10%)
Want to compare San Martín de la Vega 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: 28132