Rent price in Santa Cruz de Tenerife
Santa Cruz de Tenerife · Canarias
Estimated rent · IPVA 2023
Net income
15.1k€
per capita/yr
Unemployment
14.2%
SEPE
Population
212k
residents
In 2023, the estimated rent in Santa Cruz de Tenerife is €581/month (INE IPVA index), a +2.9% annual change and 8.8% higher than in 2020. Estimated provincial average in Santa Cruz de Tenerife: €581/month.
Full guide: living in Santa Cruz de Tenerife
Monthly budget, required salary and mortgage estimate
National market context
National rank
#437
out of 753 municipalities
vs Canarias
-8€
region avg: €589
Trend vs Spain
+0.6%
avg: 2.3%
Trend vs region
+0.2%
region avg: €2.7
Santa Cruz de Tenerife ranks 437 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 Santa Cruz de Tenerife (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
15.110€
per year · INE Atlas
Average household income
39.072€
per year
Rent-to-income ratio
46.1%
of per capita income
Average gross salary
25.120€
per year · Canarias
Rent-to-salary ratio
27.8%
of annual gross salary
The national average effort is 55.3% of per capita income. Santa Cruz de Tenerife is 9 points below 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 Santa Cruz de Tenerife?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
14.2%
of estimated active population
Registered unemployed
15,932
people
Annual change
-5.3%
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 | 120.995 | 581€ |
| 2022 | 117.541 | 564€ |
| 2021 | 113.928 | 547€ |
| 2020 | 111.286 | 534€ |
Idealista
Rental flats in Santa Cruz de Tenerife →
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Frequently asked questions
How much does it cost to rent in Santa Cruz de Tenerife?
The estimated rent in Santa Cruz de Tenerife is €581/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Santa Cruz de Tenerife?
Rent in Santa Cruz de Tenerife has risen by 2.9% compared to the previous year, per the INE IPVA index.
Is Santa Cruz de Tenerife expensive to rent compared to the national average?
No, rent in Santa Cruz de Tenerife (€581/month) is 10% below the national average (€648/month).
How much do you need to earn to live in Santa Cruz de Tenerife?
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 Tenerife with a rent of €581/month.
What would a mortgage cost in Santa Cruz de Tenerife?
For an estimated property price of €115,000 in Santa Cruz de Tenerife (based on current rent of €581/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
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Other municipalities in Santa Cruz de Tenerife
Municipalities with similar rent
Municipalities in Spain with a similar rent to Santa Cruz de Tenerife (±10%)
Want to compare Santa Cruz de Tenerife 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: 38038