Faro

Lagos vs Monchique: cost of living compared

versus

Yearly difference

No home prices data for Lagos: the total cost cannot be compared.

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)

LagosMonchique

Estimated home price · 60 m²€236,940Δ €139,260€97,680

On the day you buy

Down payment€23,694€9,768

Transfer tax (IMT)€6,128€0

Stamp duty · purchase€1,896€781

Stamp duty · loan€1,279€527

Total upfront€32,997€11,077

Monthly payment€821€338

Mortgage payments35 years at 3.00% · 90% financed

€9,848€4,060

€5,788less in Monchique

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

no data for Lagos

Water, sewage and wasteOfficial tariffs · 4 m³/month

€181€161

€20less in Monchique

ElectricityERSE regulated tariff · 1,469 kWh/year

€380€380

same in both

GasNo network: butane bottles

€360€360

same in both

Income tax refunded by the municipalityLagos gives back the 5%, Monchique gives back 2.5%

€100€50

€50less in Lagos

Total per yearItems with data for both

no data for Lagos

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

excluded from comparison (missing for the other municipality)

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

74%34%

40%better in Monchique

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

+86%+126%

40 pointsrose more in Monchique

Crime rateRecorded crimes per 1 000 residents

38.5/100030.5/1000

8.0/1000better in Monchique

Average commuteOne way to work or school

14 min19 min

5 minbetter in Lagos

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

€1,272/month€1,128/month

€144/monthbetter in Lagos

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

€1,107/month€982/month

€125/monthbetter in Lagos

Purchasing power (Portugal = 100)Per-capita index

89.969.0

20.9better in Lagos

PharmaciesPer 1,000 people

0.20/10000.50/1000

0.30/1000better in Monchique

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

2.7 km18.0 km

15.3 kmbetter in Lagos

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

64/10082/100

18/100better in Monchique

Crèche placesTotal crèche places (excluding childminders)

52587

438better in Lagos

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

59%100%

41%better in Monchique

Ageing indexOlder people per 100 young (lower = younger)

212311

99better in Lagos

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

9.3%50%

41%better in Lagos

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

Lagos and Monchique in the rankings

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

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Lagos → Monchique →