Faro

Loulé vs Silves: cost of living compared

versus

Yearly saving in Silves

€3,336/year

For a single person buying a home, Silves works out cheaper. A home in Silves costs €76,620 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)

LouléSilves

Estimated home price · 60 m²€248,220Δ €76,620€171,600

On the day you buy

Down payment€24,822€17,160

Transfer tax (IMT)€6,917€2,089

Stamp duty · purchase€1,986€1,373

Stamp duty · loan€1,340€927

Total upfront€35,066€21,548

Monthly payment€860€594

Mortgage payments35 years at 3.00% · 90% financed

€10,317€7,132

€3,185less in Silves

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

€372€257

€115less in Silves

Water, sewage and wasteOfficial tariffs · 4 m³/month

€227€191

€36less in Silves

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 municipalityLoulé gives back the 5%

no data for Silves

Total per yearItems with data for both

€11,656€8,320

€3,336less in Silves

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).

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

76%55%

21%better in Silves

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

+73%+87%

14 pointsrose more in Silves

Crime rateRecorded crimes per 1 000 residents

48.8/100036.6/1000

12.2/1000better in Silves

Average commuteOne way to work or school

15 min17 min

2 minbetter in Loulé

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

€1,347/month€1,270/month

€77/monthbetter in Loulé

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

€1,132/month€1,080/month

€52/monthbetter in Loulé

Purchasing power (Portugal = 100)Per-capita index

108.685.1

23.5better in Loulé

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

7.2 km11.8 km

4.6 kmbetter in Loulé

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

51/10046/100

5/100better in Loulé

Crèche placesTotal crèche places (excluding childminders)

1,121477

644better in Loulé

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

84%92%

8%better in Silves

Ageing indexOlder people per 100 young (lower = younger)

169169

same in both

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

1.6%20%

18%better in Loulé

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

Loulé and Silves in the rankings

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

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Better valueSilves

Loulé → Silves →