Faro

Faro vs Loulé: cost of living compared

versus

Yearly saving in Faro

€2,571/year

For a single person buying a home, Faro works out cheaper. A home in Faro costs €59,220 less.

You will

BuyRent

Household

SingleCoupleFamily

Transport

NonePassCar

Home size (m²)

60 m²

More adjustments

Water use (m³/month)DependantsIncome tax paid per year (€)Household gross monthly income (€)Home price (€)Taxable property value, VPT (€)Down payment (%)Term (years)Interest rate (%)I'm 35 or under and it's my first home (IMT Jovem)

FaroLoulé

Estimated home price · 60 m²€189,000Δ €59,220€248,220

On the day you buy

Down payment€18,900€24,822

Transfer tax (IMT)€2,959€6,917

Stamp duty · purchase€1,512€1,986

Stamp duty · loan€1,021€1,340

Total upfront€24,392€35,066

Monthly payment€655€860

Mortgage payments35 years at 3.00% · 90% financed

€7,856€10,317

€2,461less in Faro

Property tax (IMI)¹VPT estimated at 50% of price

€284€372

€88less in Faro

Water, sewage and wasteOfficial tariffs · 4 m³/month

€268€227

€41less in Loulé

ElectricityERSE regulated tariff · 1,469 kWh/year

€380€380

same in both

GasFaro: network · Loulé: bottle

€209€360

€151less in Faro

Income tax refunded by the municipalityFaro gives back 0.5%, Loulé gives back the 5%

€10€100

€90less in Loulé

Total per yearItems with data for both

€8,985€11,556

€2,571less in Faro

¹ Property tax estimated using a taxable value (VPT) of 50% of market price. Enter the VPT from your property record for an exact figure.

Average rate on new housing loans: 3.00% (August 2026, Banco de Portugal).

Source: Portal das Finanças, taxas de IMI por município · 2025 · Source: Portal das Finanças, participação dos municípios no IRS · 2026 · Source: INE · 2nd quarter of 2026 · Energy: ERSE, October 2026

Beyond the cost

Mortgage payment ÷ 1 × local median gross salary

56%76%

20%better in Faro

House price rise over 5 yearsMedian sale price (€/m²), over 5 years

+86%+73%

13 pointsrose more in Faro

Crime rateRecorded crimes per 1 000 residents

42.8/100048.8/1000

6.0/1000better in Faro

Average commuteOne way to work or school

15 min15 min

same in both

Average salary (gross)Average monthly earnings, by place of work

€1,484/month€1,347/month

€137/monthbetter in Faro

Median salary (gross)Half of workers earn less than this, by place of work

€1,171/month€1,132/month

€39/monthbetter in Faro

Purchasing power (Portugal = 100)Per-capita index

113.3108.6

4.7better in Faro

PharmaciesPer 1,000 people

0.20/10000.20/1000

same in both

Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department

2.4 km7.2 km

4.8 kmbetter in Faro

CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)

85/10051/100

34/100better in Faro

Crèche placesTotal crèche places (excluding childminders)

1,5501,121

429better in Faro

Not-for-profit crèchesShare of places in public, IPSS and misericórdia crèches, free under Creche Feliz

75%84%

9%better in Loulé

Ageing indexOlder people per 100 young (lower = younger)

171169

2better in Loulé

Burnt land over 10 yearsShare of the land that burnt at least once in 10 years

0.7%1.6%

0.9%better in Faro

Not part of the euro total. Crime: recorded crimes per 1 000 residents (2025). Commute: average one-way trip to work or school (2021).

Faro and Loulé in the rankings

See where Faro and Loulé rank on each indicator: home prices, salaries, emergency care, crèches…

Choose the indicator →

Better valueFaro

Faro → Loulé →