For a single person buying a home, Machico works out cheaper. A home in Machico costs €88,080 less.
You will
Household
Transport
60 m²
More adjustments
FunchalMachico
Estimated home price · 60 m²€212,280Δ €88,080€124,200
On the day you buy
Down payment€21,228€12,420
Transfer tax (IMT)€2,500€0
Stamp duty · purchase€1,698€994
Stamp duty · loan€1,146€671
Total upfront€26,573€14,084
Monthly payment€735€430
Mortgage payments35 years at 3.00% · 90% financed
€8,823€5,162
€3,661less in Machico
Property tax (IMI)1VPT estimated at 50% of price
€318€186
€132less in Machico
Water, sewage and wasteOfficial tariffs · 4 m³/month
€121€172
€51less in Funchal
ElectricityERSE regulated tariff · 1,469 kWh/year
€377€377
same in both
GasNatural gas, regulated tariff
no data
Income tax refunded by the municipalityFunchal gives back the 5%, Machico gives back 1%
€100€20
€80less in Funchal
Total per yearItems with data for both
€9,540€5,878
€3,662less in Machico
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
65%40%
25%better in Machico
House price rise over 5 yearsMedian sale price (€/m²), over 5 years
+113%+112%
1 pointsrose more in Funchal
Crime rateRecorded crimes per 1 000 residents
28.2/100023.3/1000
4.9/1000better in Machico
Average commuteOne way to work or school
17 min19 min
2 minbetter in Funchal
Average salary (gross)Average monthly earnings, by place of work
€1,465/month€1,342/month
€123/monthbetter in Funchal
Median salary (gross)Half of workers earn less than this, by place of work
€1,138/month€1,082/month
€56/monthbetter in Funchal
Purchasing power (Portugal = 100)Per-capita index
109.182.8
26.3better in Funchal
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
2.2 km2.5 km
0.3 kmbetter in Funchal
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
