Rent price in Vegas del Genil
Granada · Andalucía
Estimated rent · IPVA 2023
Net income
11.6k€
per capita/yr
Unemployment
15.4%
SEPE
Population
12,424
residents
According to INE IPVA data, estimated rent in Vegas del Genil is €550/month in 2023 — +2.2% year-on-year. Back in 2020 it was €520/month, a 5.8% increase over 4 years. Provincial average (Granada): €564/month.
Idealista
Rental flats in Vegas del Genil →
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National market context
National rank
#535
out of 748 municipalities
vs Andalucía
-18€
region avg: €568
Trend vs Spain
-0.1%
avg: 2.3%
Trend vs region
+0.4%
region avg: €1.8
Vegas del Genil ranks 535 out of 748 municipalities in the INE rent price index. It is close to the Andalucía average (€568/month).
Rent price evolution
Estimated monthly rent in Vegas del Genil (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
11.557€
per year · INE Atlas
Average household income
33.711€
per year
Rent-to-income ratio
57.1%
of per capita income
Average gross salary
26.090€
per year · Andalucía
Rent-to-salary ratio
25.3%
of annual gross salary
The national average effort is 55.4% of per capita income. Vegas del Genil is 2 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Andalucía average.
Registered unemployment
Estimated unemployment rate
15.4%
of estimated active population
Registered unemployed
796
people
Annual change
-9.1%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Vegas del Genil?
With rent at €550/month, the recommended salary (30% rule) is €31,000 gross/year.
Recommended salary
31,000€
gross / year
Rent
550€
/ month
Real avg income
11,557€
net / year
Enter your gross annual salary to see what rent in Vegas del Genil means for your budget.
What would a mortgage cost in Vegas del Genil?
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 Vegas del Genil, saving that amount would take around 3.3 years.
What does it cost to live in Vegas del Genil?
Rent is €550/month. With average food, transport and utilities, the estimated cost of living is €1,320/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 | 114.515 | 550€ |
| 2022 | 112.013 | 538€ |
| 2021 | 111.099 | 533€ |
| 2020 | 108.242 | 520€ |
Frequently asked questions
How much does it cost to rent in Vegas del Genil?
The estimated rent in Vegas del Genil is €550/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Vegas del Genil?
Rent in Vegas del Genil has risen by 2.2% compared to the previous year, per the INE IPVA index.
Is Vegas del Genil expensive to rent compared to the national average?
No, rent in Vegas del Genil (€550/month) is 15% below the national average (€648/month).
How much do you need to earn to live in Vegas del Genil?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Vegas del Genil with a rent of €550/month.
What would a mortgage cost in Vegas del Genil?
For an estimated property price of €110,000 in Vegas del Genil (based on current rent of €550/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).
Granada province
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Other municipalities in Granada
Municipalities with similar rent
Municipalities in Spain with a similar rent to Vegas del Genil (±10%)
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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: 18911