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Lajes do Pico vs Madalena: cost of living compared

versus
Yearly saving in Lajes do Pico
€424/year

For a single person buying a home, Lajes do Pico works out cheaper. A home in Lajes do Pico costs €9,840 less.

You will
Household
Transport
60 m²
More adjustments
Lajes do PicoMadalena
Estimated home price · 60 m²€66,780Δ €9,840€76,620
On the day you buy
Down payment€6,678€7,662
Transfer tax (IMT)€0€0
Stamp duty · purchase€534€613
Stamp duty · loan€361€414
Total upfront€7,573€8,689
Monthly payment€231€265
Mortgage payments35 years at 3.00% · 90% financed
€409less in Lajes do Pico
Property tax (IMI)1VPT estimated at 50% of price
€15less in Lajes do Pico
Water, sewage and wasteOfficial tariffs · 4 m³/month
no data
ElectricityERSE regulated tariff · 1,469 kWh/year
same in both
GasNo network: butane bottles
same in both
Income tax refunded by the municipalityLajes do Pico keeps the 5%, Madalena keeps the 5%
same in both
Total per yearItems with data for both
€424less in Lajes do Pico

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
3%better in Lajes do Pico
House price rise over 5 yearsMedian sale price (€/m²), over 5 years
135 pointsrose more in Lajes do Pico
Crime rateRecorded crimes per 1 000 residents
26.7/1000better in Lajes do Pico
Average commuteOne way to work or school
4 minbetter in Madalena
Average salary (gross)Average monthly earnings, by place of work
€67/monthbetter in Madalena
Median salary (gross)Half of workers earn less than this, by place of work
€10/monthbetter in Lajes do Pico
Purchasing power (Portugal = 100)Per-capita index
11.1better in Madalena
PharmaciesPer 1,000 people
0.10/1000better in Lajes do Pico
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
3.5 kmbetter in Madalena
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
no data
Crèche placesTotal crèche places (excluding childminders)
no data
Not-for-profit crèchesShare of places in public, IPSS and misericórdia crèches, free under Creche Feliz
no data
Ageing indexOlder people per 100 young (lower = younger)
75better in Madalena
Burnt land over 10 yearsShare of the land that burnt at least once in 10 years
same in both

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

Lajes do Pico and Madalena in the rankings

See where Lajes do Pico and Madalena rank on each indicator: home prices, salaries, emergency care, crèches…

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Better valueLajes do Pico

Lajes do Pico → Madalena →