Rent price in Santa Marta de Tormes
Salamanca · Castilla y León
Estimated rent · IPVA 2023
Net income
15.2k€
per capita/yr
Unemployment
11.2%
SEPE
Population
14,976
residents
Rent in Santa Marta de Tormes stands at €477/month in 2023 per the INE IPVA, a +2.4% year-on-year change. Since 2020 prices have risen 5.8%, placing it €3 above the Salamanca provincial average (€474/month).
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National market context
National rank
#660
out of 748 municipalities
vs Castilla y León
+6€
region avg: €471
Trend vs Spain
+0.1%
avg: 2.3%
Trend vs region
+0.5%
region avg: €1.9
Santa Marta de Tormes ranks 660 out of 748 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 Santa Marta de Tormes (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
15.169€
per year · INE Atlas
Average household income
37.831€
per year
Rent-to-income ratio
37.7%
of per capita income
Average gross salary
26.177€
per year · Castilla y León
Rent-to-salary ratio
21.9%
of annual gross salary
The national average effort is 55.4% of per capita income. Santa Marta de Tormes is 18 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.
Registered unemployment
Estimated unemployment rate
11.2%
of estimated active population
Registered unemployed
745
people
Annual change
-6.3%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Santa Marta de Tormes?
With rent at €477/month, the recommended salary (30% rule) is €27,000 gross/year.
Recommended salary
27,000€
gross / year
Rent
477€
/ month
Real avg income
15,169€
net / year
Enter your gross annual salary to see what rent in Santa Marta de Tormes means for your budget.
What would a mortgage cost in Santa Marta de Tormes?
For a €95,000 property (estimated from current rent), the monthly payment would be €380 over 25 years at 3.5%. You need €28,500 for the down payment and costs (20% + 10%). Based on average incomes in Santa Marta de Tormes, saving that amount would take around 2.5 years.
What does it cost to live in Santa Marta de Tormes?
Rent is €477/month. With average food, transport and utilities, the estimated cost of living is €1,247/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 | 110.919 | 477€ |
| 2022 | 108.340 | 466€ |
| 2021 | 106.138 | 456€ |
| 2020 | 104.919 | 451€ |
Frequently asked questions
How much does it cost to rent in Santa Marta de Tormes?
The estimated rent in Santa Marta de Tormes is €477/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Santa Marta de Tormes?
Rent in Santa Marta de Tormes has risen by 2.4% compared to the previous year, per the INE IPVA index.
Is Santa Marta de Tormes expensive to rent compared to the national average?
No, rent in Santa Marta de Tormes (€477/month) is 26% below the national average (€648/month).
How much do you need to earn to live in Santa Marta de Tormes?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €19000 net per year to live in Santa Marta de Tormes with a rent of €477/month.
What would a mortgage cost in Santa Marta de Tormes?
For an estimated property price of €95,000 in Santa Marta de Tormes (based on current rent of €477/month), the monthly mortgage payment would be €380 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €28,500 (20% down + ~10% costs).
Salamanca province
View all municipalities and compare prices
Other municipalities in Salamanca
Municipalities with similar rent
Municipalities in Spain with a similar rent to Santa Marta de Tormes (±10%)
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Municipalities in Castilla y León with lower rent than Santa Marta de Tormes
Want to compare Santa Marta de Tormes 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: 37294