Rent price in Teo
A Coruña · Galicia
Estimated rent · IPVA 2023
Net income
16.1k€
per capita/yr
Unemployment
6.4%
SEPE
Population
18,968
residents
In 2023, the estimated rent in Teo is €552/month (INE IPVA index), a +2.1% annual change and 6.4% higher than in 2020. Estimated provincial average in A Coruña: €562/month.
Idealista
Rental flats in Teo →
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National market context
National rank
#528
out of 748 municipalities
vs Galicia
+21€
region avg: €531
Trend vs Spain
-0.2%
avg: 2.3%
Trend vs region
0%
region avg: €2.1
Teo ranks 528 out of 748 municipalities in the INE rent price index. It is close to the Galicia average (€531/month).
Rent price evolution
Estimated monthly rent in Teo (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
16.080€
per year · INE Atlas
Average household income
42.504€
per year
Rent-to-income ratio
41.2%
of per capita income
Average gross salary
26.547€
per year · Galicia
Rent-to-salary ratio
25%
of annual gross salary
The national average effort is 55.4% of per capita income. Teo is 14 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Galicia average.
Registered unemployment
Estimated unemployment rate
6.4%
of estimated active population
Registered unemployed
557
people
Annual change
-1.1%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Teo?
With rent at €552/month, the recommended salary (30% rule) is €31,000 gross/year.
Recommended salary
31,000€
gross / year
Rent
552€
/ month
Real avg income
16,080€
net / year
Enter your gross annual salary to see what rent in Teo means for your budget.
What would a mortgage cost in Teo?
For a €110,000 property (estimated from current rent), the monthly payment would be €441 over 25 years at 3.5%. You need €33,000 for the down payment and costs (20% + 10%). Based on average incomes in Teo, saving that amount would take around 2.6 years.
What does it cost to live in Teo?
Rent is €552/month. With average food, transport and utilities, the estimated cost of living is €1,322/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 | 110.395 | 552€ |
| 2022 | 108.175 | 541€ |
| 2021 | 105.475 | 527€ |
| 2020 | 103.790 | 519€ |
Frequently asked questions
How much does it cost to rent in Teo?
The estimated rent in Teo is €552/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Teo?
Rent in Teo has risen by 2.1% compared to the previous year, per the INE IPVA index.
Is Teo expensive to rent compared to the national average?
No, rent in Teo (€552/month) is 15% below the national average (€648/month).
How much do you need to earn to live in Teo?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Teo with a rent of €552/month.
What would a mortgage cost in Teo?
For an estimated property price of €110,000 in Teo (based on current rent of €552/month), the monthly mortgage payment would be €441 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €33,000 (20% down + ~10% costs).
A Coruña province
View all municipalities and compare prices
Other municipalities in A Coruña
Municipalities with similar rent
Municipalities in Spain with a similar rent to Teo (±10%)
More affordable options in Galicia
Municipalities in Galicia with lower rent than Teo
Want to compare Teo 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: 15082