Rent price in Soria

Soria · Castilla y León

Estimated rent · IPVA 2023

425per month
+2.9% year-on-yearTop 4% most affordable in Spainvs Spain: -223€ · avg €648

Net income

16.0k€

per capita/yr

Unemployment

7.4%

SEPE

Population

41,025

residents

View methodology →

According to INE IPVA data, estimated rent in Soria is €425/month in 2023 — +2.9% year-on-year. Back in 2020 it was €392/month, a 8.4% increase over 4 years. Provincial average (Soria): €425/month.

Full guide: living in Soria

Monthly budget, required salary and mortgage estimate

National market context

National rank

#721

out of 753 municipalities

vs Castilla y León

-46

region avg: €471

Trend vs Spain

+0.6%

avg: 2.3%

Trend vs region

+1%

region avg: €1.9

Soria is among Spain's most affordable municipalities (position 721 of 753).

Rent price evolution

Estimated monthly rent in Soria (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

16.027

per year · INE Atlas

Average household income

37.786

per year

Rent-to-income ratio

31.8%

of per capita income

Average gross salary

26.177

per year · Castilla y León

Rent-to-salary ratio

19.5%

of annual gross salary

The national average effort is 55.3% of per capita income. Soria is 23 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.

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Registered unemployment

Estimated unemployment rate

7.4%

of estimated active population

Registered unemployed

1,341

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

7.6°-0.8°Jan9.5°-0.1°Feb11.7°1.6°Mar15°3.6°Apr19.3°6.9°May24.4°11.3°Jun29.5°14.2°Jul29°14.1°Aug22.7°10.4°Sep18.2°7.5°Oct11.4°3.1°Nov9.1°1°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023117.978425
2022114.638413
2021111.938403
2020108.955392

Idealista

Rental flats in Soria

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Soria?

The estimated rent in Soria is €425/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Soria?

Rent in Soria has risen by 2.9% compared to the previous year, per the INE IPVA index.

Is Soria expensive to rent compared to the national average?

No, rent in Soria (€425/month) is 34% below the national average (€648/month).

How much do you need to earn to live in Soria?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €17000 net per year to live in Soria with a rent of €425/month.

What would a mortgage cost in Soria?

For an estimated property price of €85,000 in Soria (based on current rent of €425/month), the monthly mortgage payment would be €340 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €25,500 (20% down + ~10% costs).

Soria province

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INE

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: 42173