Povoação vs Ribeira Grande: cost of living compared
versus
Yearly saving in Povoação
€360/year
For a single person buying a home, Povoação works out cheaper. A home in Povoação costs €8,820 less.
You will
Household
Transport
60 m²
More adjustments
PovoaçãoRibeira Grande
Estimated home price · 60 m²€91,740Δ €8,820€100,560
On the day you buy
Down payment€9,174€10,056
Transfer tax (IMT)€0€0
Stamp duty · purchase€734€804
Stamp duty · loan€495€543
Total upfront€10,403€11,404
Monthly payment€318€348
Mortgage payments35 years at 3.00% · 90% financed
€3,813€4,180
€367less in Povoação
Property tax (IMI)1VPT estimated at 50% of price
€138€151
€13less in Povoação
Water, sewage and wasteOfficial tariffs · 4 m³/month
no data for Povoação
ElectricityERSE regulated tariff · 1,469 kWh/year
€377€377
same in both
GasNo network: butane bottles
€235€235
same in both
Income tax refunded by the municipalityPovoação gives back 2.5%, Ribeira Grande gives back 3.5%
€50€70
€20less in Ribeira Grande
Total per yearItems with data for both
€4,513€4,873
€360less in Povoação
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
31%32%
1%better in Povoação
House price rise over 5 yearsMedian sale price (€/m²), over 5 years
+101%+121%
20 pointsrose more in Ribeira Grande
Crime rateRecorded crimes per 1 000 residents
33.9/100047.5/1000
13.6/1000better in Povoação
Average commuteOne way to work or school
14 min16 min
2 minbetter in Povoação
Average salary (gross)Average monthly earnings, by place of work
€1,162/month€1,256/month
€94/monthbetter in Ribeira Grande
Median salary (gross)Half of workers earn less than this, by place of work
€1,018/month€1,075/month
€57/monthbetter in Ribeira Grande
Purchasing power (Portugal = 100)Per-capita index
68.776.0
7.3better in Ribeira Grande
PharmaciesPer 1,000 people
0.40/10000.20/1000
0.20/1000better in Povoação
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
3.7 km13.2 km
9.5 kmbetter in Povoação
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
