Rent price in Vigo
Pontevedra · Galicia
Estimated rent · IPVA 2023
Net income
15.4k€
per capita/yr
Unemployment
10.3%
SEPE
Population
294k
residents
According to INE IPVA data, estimated rent in Vigo is €565/month in 2023 — +2.4% year-on-year. Back in 2020 it was €526/month, a 7.4% increase over 4 years. Provincial average (Pontevedra): €558/month.
Full guide: living in Vigo
Monthly budget, required salary and mortgage estimate
National market context
National rank
#485
out of 753 municipalities
vs Galicia
+34€
region avg: €531
Trend vs Spain
+0.1%
avg: 2.3%
Trend vs region
+0.3%
region avg: €2.1
Vigo ranks 485 out of 753 municipalities in the INE rent price index. It is 6% above the Galicia average (€531/month).
Rent price evolution
Estimated monthly rent in Vigo (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
15.359€
per year · INE Atlas
Average household income
38.846€
per year
Rent-to-income ratio
44.1%
of per capita income
Average gross salary
26.547€
per year · Galicia
Rent-to-salary ratio
25.5%
of annual gross salary
The national average effort is 55.3% of per capita income. Vigo is 11 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Galicia average.
What would it cost to live in Vigo?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
10.3%
of estimated active population
Registered unemployed
14,051
people
Annual change
-5.9%
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 | 115.407 | 565€ |
| 2022 | 112.737 | 552€ |
| 2021 | 109.621 | 537€ |
| 2020 | 107.406 | 526€ |
Idealista
Rental flats in Vigo →
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Frequently asked questions
How much does it cost to rent in Vigo?
The estimated rent in Vigo is €565/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Vigo?
Rent in Vigo has risen by 2.4% compared to the previous year, per the INE IPVA index.
Is Vigo expensive to rent compared to the national average?
No, rent in Vigo (€565/month) is 13% below the national average (€648/month).
How much do you need to earn to live in Vigo?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Vigo with a rent of €565/month.
What would a mortgage cost in Vigo?
For an estimated property price of €115,000 in Vigo (based on current rent of €565/month), the monthly mortgage payment would be €461 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €34,500 (20% down + ~10% costs).
Pontevedra province
View all municipalities and compare prices
Other municipalities in Pontevedra
Municipalities with similar rent
Municipalities in Spain with a similar rent to Vigo (±10%)
Want to compare Vigo 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: 36057