Rent price in San Miguel de Abona
Santa Cruz de Tenerife · Canarias
Estimated rent · IPVA 2023
Net income
11.8k€
per capita/yr
Unemployment
9.3%
SEPE
Population
23,960
residents
According to INE IPVA data, estimated rent in San Miguel de Abona is €595/month in 2023 — +1.6% year-on-year. Back in 2020 it was €558/month, a 6.6% increase over 4 years. Provincial average (Santa Cruz de Tenerife): €581/month.
National market context
National rank
#400
out of 753 municipalities
vs Canarias
+6€
region avg: €589
Trend vs Spain
-0.7%
avg: 2.3%
Trend vs region
-1.1%
region avg: €2.7
San Miguel de Abona ranks 400 out of 753 municipalities in the INE rent price index. It is close to the Canarias average (€589/month).
Rent price evolution
Estimated monthly rent in San Miguel de Abona (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
11.842€
per year · INE Atlas
Average household income
33.528€
per year
Rent-to-income ratio
60.3%
of per capita income
Average gross salary
25.120€
per year · Canarias
Rent-to-salary ratio
28.4%
of annual gross salary
The national average effort is 55.3% of per capita income. San Miguel de Abona is 5 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Canarias average.
What would it cost to live in San Miguel de Abona?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
9.3%
of estimated active population
Registered unemployed
1,182
people
Annual change
+2.9%
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 | 124.029 | 595€ |
| 2022 | 122.022 | 586€ |
| 2021 | 116.736 | 560€ |
| 2020 | 116.158 | 558€ |
Idealista
Rental flats in San Miguel de Abona →
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Frequently asked questions
How much does it cost to rent in San Miguel de Abona?
The estimated rent in San Miguel de Abona is €595/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in San Miguel de Abona?
Rent in San Miguel de Abona has risen by 1.6% compared to the previous year, per the INE IPVA index.
Is San Miguel de Abona expensive to rent compared to the national average?
No, rent in San Miguel de Abona (€595/month) is 8% below the national average (€648/month).
How much do you need to earn to live in San Miguel de Abona?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €24000 net per year to live in San Miguel de Abona with a rent of €595/month.
What would a mortgage cost in San Miguel de Abona?
For an estimated property price of €120,000 in San Miguel de Abona (based on current rent of €595/month), the monthly mortgage payment would be €481 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €36,000 (20% down + ~10% costs).
Santa Cruz de Tenerife province
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Other municipalities in Santa Cruz de Tenerife
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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: 38035