AimDepression among older adults has serious implications, especially because suicide rates are higher in this group than in younger adults. Research has identified biological and social risk factors. However, studies addressing cultural and psychosocial factors associated with specific ethnic groups, such as Spanish Romani, are lacking. The objective of the present study was to establish the differential prevalence of depression among Romany and non‐Romany people older than 55 years of age. It also aimed to explore how cultural, sociodemographic, and psychosocial factors predispose individuals to depression.MethodsA total of 181 people were interviewed. The sample consisted of 95 self‐adscribed Romany individuals and 86 non‐Romany individuals over the age of 55; the latter group served as the control group. We performed bifactorial univariate anova, epidemiological analysis using Epi Info software, and analysis of correlations between Geriatric Depression Scale scores and the different factors analyzed.ResultsSignificant differences in Geriatric Depression Scale score related to ethnicity and sex were found. Probable depression or depression in Romany men was four times higher than in non‐Romany men. In Romany women, the risk was more than twice as high as in non‐Romany women. Among the factors analyzed, income level, activity at home, and perception of being valued by family members showed significant differences between the groups.ConclusionsIn short, we can state that Romany people develop symptoms of depression to a greater extent than non‐Romany people, and although Romany women have a higher risk of depression, the differential effect of ethnicity is greater among Romany men. Income level, activity at home, and perception of being valued by family members are unambiguously related to ethnicity.