Rent price in Santa Cruz de la Palma
Santa Cruz de Tenerife · Canarias
Estimated rent · IPVA 2023
Net income
15.5k€
per capita/yr
Unemployment
12.9%
SEPE
Population
15,690
residents
According to INE IPVA data, estimated rent in Santa Cruz de la Palma is €584/month in 2023 — +2.7% year-on-year. Back in 2020 it was €533/month, a 9.6% increase over 4 years. Provincial average (Santa Cruz de Tenerife): €581/month.
Idealista
Rental flats in Santa Cruz de la Palma →
External link to Idealista. UrbanStatsLab may earn a commission.
National market context
National rank
#425
out of 748 municipalities
vs Canarias
-5€
region avg: €589
Trend vs Spain
+0.4%
avg: 2.3%
Trend vs region
0%
region avg: €2.7
Santa Cruz de la Palma ranks 425 out of 748 municipalities in the INE rent price index. It is close to the Canarias average (€589/month).
Rent price evolution
Estimated monthly rent in Santa Cruz de la Palma (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
15.511€
per year · INE Atlas
Average household income
42.144€
per year
Rent-to-income ratio
45.2%
of per capita income
Average gross salary
25.120€
per year · Canarias
Rent-to-salary ratio
27.9%
of annual gross salary
The national average effort is 55.4% of per capita income. Santa Cruz de la Palma is 10 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Canarias average.
Registered unemployment
Estimated unemployment rate
12.9%
of estimated active population
Registered unemployed
1,073
people
Annual change
-2.2%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Santa Cruz de la Palma?
With rent at €584/month, the recommended salary (30% rule) is €33,000 gross/year.
Recommended salary
33,000€
gross / year
Rent
584€
/ month
Real avg income
15,511€
net / year
Enter your gross annual salary to see what rent in Santa Cruz de la Palma means for your budget.
What would a mortgage cost in Santa Cruz de la Palma?
For a €115,000 property (estimated from current rent), the monthly payment would be €461 over 25 years at 3.5%. You need €34,500 for the down payment and costs (20% + 10%). Based on average incomes in Santa Cruz de la Palma, saving that amount would take around 2.7 years.
What does it cost to live in Santa Cruz de la Palma?
Rent is €584/month. With average food, transport and utilities, the estimated cost of living is €1,354/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 | 121.658 | 584€ |
| 2022 | 118.471 | 569€ |
| 2021 | 113.894 | 547€ |
| 2020 | 110.986 | 533€ |
Frequently asked questions
How much does it cost to rent in Santa Cruz de la Palma?
The estimated rent in Santa Cruz de la Palma is €584/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Santa Cruz de la Palma?
Rent in Santa Cruz de la Palma has risen by 2.7% compared to the previous year, per the INE IPVA index.
Is Santa Cruz de la Palma expensive to rent compared to the national average?
No, rent in Santa Cruz de la Palma (€584/month) is 10% below the national average (€648/month).
How much do you need to earn to live in Santa Cruz de la Palma?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Santa Cruz de la Palma with a rent of €584/month.
What would a mortgage cost in Santa Cruz de la Palma?
For an estimated property price of €115,000 in Santa Cruz de la Palma (based on current rent of €584/month), the monthly mortgage payment would be €461 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €34,500 (20% down + ~10% costs).
Santa Cruz de Tenerife province
View all municipalities and compare prices
Other municipalities in Santa Cruz de Tenerife
Municipalities with similar rent
Municipalities in Spain with a similar rent to Santa Cruz de la Palma (±10%)
Want to compare Santa Cruz de la Palma 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: 38037