Faro

Faro vs Olhão: cost of living compared

versus

Yearly saving in Olhão

€919/year

For a single person buying a home, Olhão works out cheaper. A home in Olhão costs €22,740 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)

FaroOlhão

Estimated home price · 60 m²€189,000Δ €22,740€166,260

On the day you buy

Down payment€18,900€16,626

Transfer tax (IMT)€2,959€1,822

Stamp duty · purchase€1,512€1,330

Stamp duty · loan€1,021€898

Total upfront€24,392€20,676

Monthly payment€655€576

Mortgage payments35 years at 3.00% · 90% financed

€7,856€6,910

€946less in Olhão

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

€284€308

€24less in Faro

Water, sewage and wasteOfficial tariffs · 4 m³/month

€268€279

€11less in Faro

ElectricityERSE regulated tariff · 1,469 kWh/year

€380€380

same in both

GasNatural gas, regulated tariff

€209€209

same in both

Income tax refunded by the municipalityFaro gives back 0.5%, Olhão gives back 1%

€10€20

€10less in Olhão

Total per yearItems with data for both

€8,985€8,066

€919less in Olhão

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%55%

1%better in Olhão

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

+86%+88%

2 pointsrose more in Olhão

Crime rateRecorded crimes per 1 000 residents

42.8/100040.3/1000

2.5/1000better in Olhão

Average commuteOne way to work or school

15 min16 min

1 minbetter in Faro

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

€1,484/month€1,250/month

€234/monthbetter in Faro

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

€1,171/month€1,052/month

€119/monthbetter in Faro

Purchasing power (Portugal = 100)Per-capita index

113.384.9

28.4better 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 km9.4 km

7.0 kmbetter in Faro

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

85/10052/100

33/100better in Faro

Crèche placesTotal crèche places (excluding childminders)

1,550588

962better in Faro

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

75%88%

13%better in Olhão

Ageing indexOlder people per 100 young (lower = younger)

171167

4better in Olhão

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

0.7%0.1%

0.6%better in Olhão

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 Olhão in the rankings

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

Choose the indicator →

Better valueOlhão

Faro → Olhão →