For a single person buying a home, Monchique works out cheaper. A home in Monchique costs €97,860 less.
You will
Household
Transport
60 m²
More adjustments
MonchiquePortimão
Estimated home price · 60 m²€97,680Δ €97,860€195,540
On the day you buy
Down payment€9,768€19,554
Transfer tax (IMT)€0€3,286
Stamp duty · purchase€781€1,564
Stamp duty · loan€527€1,056
Total upfront€11,077€25,460
Monthly payment€338€677
Mortgage payments35 years at 3.00% · 90% financed
€4,060€8,127
€4,067less in Monchique
Property tax (IMI)1VPT estimated at 50% of price
€147€362
€215less in Monchique
Water, sewage and wasteOfficial tariffs · 4 m³/month
€161€258
€97less in Monchique
ElectricityERSE regulated tariff · 1,469 kWh/year
€380€380
same in both
GasMonchique: bottle · Portimão: network
€360€217
€143less in Portimão
Income tax refunded by the municipalityMonchique gives back 2.5%, Portimão gives back 1.5%
€50€30
€20less in Monchique
Total per yearItems with data for both
€5,057€9,314
€4,257less in Monchique
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
34%63%
29%better in Monchique
House price rise over 5 yearsMedian sale price (€/m²), over 5 years
+126%+92%
34 pointsrose more in Monchique
Crime rateRecorded crimes per 1 000 residents
30.5/100037.4/1000
6.9/1000better in Monchique
Average commuteOne way to work or school
19 min15 min
4 minbetter in Portimão
Average salary (gross)Average monthly earnings, by place of work
€1,128/month€1,294/month
€166/monthbetter in Portimão
Median salary (gross)Half of workers earn less than this, by place of work
€982/month€1,075/month
€93/monthbetter in Portimão
Purchasing power (Portugal = 100)Per-capita index
69.099.9
30.9better in Portimão
PharmaciesPer 1,000 people
0.50/10000.20/1000
0.30/1000better in Monchique
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
18.0 km2.8 km
15.2 kmbetter in Portimão
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
