Rent price in Teruel
Teruel · Aragón
Estimated rent · IPVA 2023
Net income
16.2k€
per capita/yr
Unemployment
6.6%
SEPE
Population
36,655
residents
Rent in Teruel stands at €447/month in 2023 per the INE IPVA, a +2.6% year-on-year change. Since 2020 prices have risen 8%, placing it €9 above the Teruel provincial average (€438/month).
Full guide: living in Teruel
Monthly budget, required salary and mortgage estimate
National market context
National rank
#695
out of 753 municipalities
vs Aragón
-95€
region avg: €542
Trend vs Spain
+0.3%
avg: 2.3%
Trend vs region
+0.4%
region avg: €2.2
Teruel ranks 695 out of 753 municipalities in the INE rent price index. It is 18% below the Aragón average (€542/month).
Rent price evolution
Estimated monthly rent in Teruel (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
16.220€
per year · INE Atlas
Average household income
39.500€
per year
Rent-to-income ratio
33.1%
of per capita income
Average gross salary
28.062€
per year · Aragón
Rent-to-salary ratio
19.1%
of annual gross salary
The national average effort is 55.3% of per capita income. Teruel is 22 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Aragón average.
What would it cost to live in Teruel?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
6.6%
of estimated active population
Registered unemployed
1,152
people
Annual change
+6.9%
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 | 117.700 | 447€ |
| 2022 | 114.769 | 436€ |
| 2021 | 111.493 | 424€ |
| 2020 | 109.043 | 414€ |
Idealista
Rental flats in Teruel →
External link to Idealista. UrbanStatsLab may earn a commission.
Frequently asked questions
How much does it cost to rent in Teruel?
The estimated rent in Teruel is €447/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Teruel?
Rent in Teruel has risen by 2.6% compared to the previous year, per the INE IPVA index.
Is Teruel expensive to rent compared to the national average?
No, rent in Teruel (€447/month) is 31% below the national average (€648/month).
How much do you need to earn to live in Teruel?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €18000 net per year to live in Teruel with a rent of €447/month.
What would a mortgage cost in Teruel?
For an estimated property price of €90,000 in Teruel (based on current rent of €447/month), the monthly mortgage payment would be €360 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €27,000 (20% down + ~10% costs).
Teruel province
View all municipalities and compare prices
Other municipalities in Teruel
Municipalities with similar rent
Municipalities in Spain with a similar rent to Teruel (±10%)
Want to compare Teruel 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: 44216