Rent price in Teguise
Las Palmas · Canarias
Estimated rent · IPVA 2023
Net income
16.0k€
per capita/yr
Unemployment
6.3%
SEPE
Population
24,027
residents
According to INE IPVA data, estimated rent in Teguise is €600/month in 2023 — +3.7% year-on-year. Back in 2020 it was €549/month, a 9.3% increase over 4 years. Provincial average (Las Palmas): €596/month.
Idealista
Rental flats in Teguise →
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National market context
National rank
#384
out of 748 municipalities
vs Canarias
+11€
region avg: €589
Trend vs Spain
+1.4%
avg: 2.3%
Trend vs region
+1%
region avg: €2.7
Teguise ranks 384 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 Teguise (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
16.026€
per year · INE Atlas
Average household income
44.950€
per year
Rent-to-income ratio
44.9%
of per capita income
Average gross salary
25.120€
per year · Canarias
Rent-to-salary ratio
28.7%
of annual gross salary
The national average effort is 55.4% of per capita income. Teguise is 11 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
6.3%
of estimated active population
Registered unemployed
802
people
Annual change
+1.6%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Teguise?
With rent at €600/month, the recommended salary (30% rule) is €35,500 gross/year.
Recommended salary
35,500€
gross / year
Rent
600€
/ month
Real avg income
16,026€
net / year
Enter your gross annual salary to see what rent in Teguise means for your budget.
What would a mortgage cost in Teguise?
For a €120,000 property (estimated from current rent), the monthly payment would be €481 over 25 years at 3.5%. You need €36,000 for the down payment and costs (20% + 10%). Based on average incomes in Teguise, saving that amount would take around 2.7 years.
What does it cost to live in Teguise?
Rent is €600/month. With average food, transport and utilities, the estimated cost of living is €1,370/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 | 120.054 | 600€ |
| 2022 | 115.798 | 579€ |
| 2021 | 111.743 | 559€ |
| 2020 | 109.827 | 549€ |
Frequently asked questions
How much does it cost to rent in Teguise?
The estimated rent in Teguise is €600/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Teguise?
Rent in Teguise has risen by 3.7% compared to the previous year, per the INE IPVA index.
Is Teguise expensive to rent compared to the national average?
No, rent in Teguise (€600/month) is 7% below the national average (€648/month).
How much do you need to earn to live in Teguise?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €24000 net per year to live in Teguise with a rent of €600/month.
What would a mortgage cost in Teguise?
For an estimated property price of €120,000 in Teguise (based on current rent of €600/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).
Las Palmas province
View all municipalities and compare prices
Other municipalities in Las Palmas
Municipalities with similar rent
Municipalities in Spain with a similar rent to Teguise (±10%)
More affordable options in Canarias
Municipalities in Canarias with lower rent than Teguise
Want to compare Teguise 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: 35024