For a single person buying a home, Monchique works out cheaper. A home in Monchique costs €73,920 less.
You will
Household
Transport
60 m²
More adjustments
MonchiqueSilves
Estimated home price · 60 m²€97,680Δ €73,920€171,600
On the day you buy
Down payment€9,768€17,160
Transfer tax (IMT)€0€2,089
Stamp duty · purchase€781€1,373
Stamp duty · loan€527€927
Total upfront€11,077€21,548
Monthly payment€338€594
Mortgage payments35 years at 3.00% · 90% financed
€4,060€7,132
€3,072less in Monchique
Property tax (IMI)1VPT estimated at 50% of price
€147€257
€110less in Monchique
Water, sewage and wasteOfficial tariffs · 4 m³/month
€161€191
€30less 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 municipalityMonchique gives back 2.5%
no data for Silves
Total per yearItems with data for both
€5,107€8,320
€3,213less 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).
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
34%55%
21%better in Monchique
House price rise over 5 yearsMedian sale price (€/m²), over 5 years
+126%+87%
39 pointsrose more in Monchique
Crime rateRecorded crimes per 1 000 residents
30.5/100036.6/1000
6.1/1000better in Monchique
Average commuteOne way to work or school
19 min17 min
2 minbetter in Silves
Average salary (gross)Average monthly earnings, by place of work
€1,128/month€1,270/month
€142/monthbetter in Silves
Median salary (gross)Half of workers earn less than this, by place of work
€982/month€1,080/month
€98/monthbetter in Silves
Purchasing power (Portugal = 100)Per-capita index
69.085.1
16.1better in Silves
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 km11.8 km
6.2 kmbetter in Silves
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
