Municipality · Faro
Faro: Cost of living in Faro
The year's bill · Single person · Buy€8,985€749 a monthSeveral sources: each line’s source in “The year’s costs” ↓
56%of the local median salary
Home price3,150 €/m²
Median salary€1,171/month
The year's bill · Couple · Buy€11,868€989 a monthSeveral sources: each line’s source in “The year’s costs” ↓
37%of 2 local median salaries
Home price3,150 €/m²
Median salary€1,171/month
The year's bill · Family with 2 children · Buy€16,928€1,411 a monthSeveral sources: each line’s source in “The year’s costs” ↓
51%of 2 local median salaries
Home price3,150 €/m²
Median salary€1,171/month
The year's bill · Single person · Rent€8,255€688 a monthSeveral sources: each line’s source in “The year’s costs” ↓
53%of the local median salary
Rent10.29 €/m²
Median salary€1,171/month
The year's bill · Couple · Rent€10,894€908 a monthSeveral sources: each line’s source in “The year’s costs” ↓
35%of 2 local median salaries
Rent10.29 €/m²
Median salary€1,171/month
The year's bill · Family with 2 children · Rent€15,660€1,305 a monthSeveral sources: each line’s source in “The year’s costs” ↓
48%of 2 local median salaries
Rent10.29 €/m²
Median salary€1,171/month
Home
What it costs to buy or rent, and the yearly property tax.
Median sale price (€/m²)€ per m², last 12 months
3,150 €/m²
House price rise over 5 yearsSale €/m²
+86%from 1,695 to 3,150 €/m²
Median rent (€/m² per month)€ per m² a month, new contracts
10.29 €/m²
Property tax rate (IMI)On the taxable property value
0.30%
IMI FamiliarProperty tax discount on your own home, by dependants
Yes−€30 with 1 dependant, −€70 with 2, −€140 with 3 or more
Bills and taxes
What you pay every year, for the chosen household.
Water, sewage and waste
€268€373€528
Electricity
€380€459€1,188
Gas
€209€209€390
Income tax refunded by the municipalityThe municipality keeps 4.5% and gives back 0.5% of your income tax
€10€25€30
Work and income
What people earn here, and how long it takes to get to work.
Median salary (gross)Half of workers earn less than this, by place of work
€1,171/month
Average salary (gross)Average monthly earnings, by place of work
€1,484/month
Purchasing power (Portugal = 100)Per-capita index
113.3
Health and family
Emergency care, crèches and pharmacies.
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
2.4 kmHospital de Faro · · 100% of residents within 15 km
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
85 places per 100 children
Crèche placesCreche Feliz: free up to age 3 in public crèches and those with a state agreement; in adhering private ones, only if there is no agreement place near home or work.
1,550
1,170 places in public or not-for-profit crèches, 380 in private ones
Safety and population
Recorded crime, the population's age and wildfires.
Crime rateRecorded crimes per 1 000 residents
42.8 per 1,000 people
Ageing indexOlder people per 100 young (lower = younger)
171 older people per 100 young
Burnt land over 10 yearsShare of the land that burnt at least once
0.7% of the land
The year's costs
Everything in the year's bill, for the three households. The chosen one is highlighted.
| Single personSingle | CoupleCouple | Family with 2 childrenFamily | |
|---|---|---|---|
| Estimated home price | €189,000 | €252,000 | €346,500 |
| Mortgage payments | €7,856 | €10,474 | €14,402 |
| 1 | €284 | €378 | €450 |
| Water, sewage and waste | €268 | €373 | €528 |
| Electricity | €380 | €459 | €1,188 |
| Gas | €209 | €209 | €390 |
| Income tax refunded by the municipality | -€10 | -€25 | -€30 |
| Total per year | €8,985 | €11,868 | €16,928 |
| Housing effort rate2 | 56% | 37% | 51% |
| Monthly payment | €655 | €873 | €1,200 |
| On the day you buy | €24,392 | €35,759 | €53,250 |
| Single personSingle | CoupleCouple | Family with 2 childrenFamily | |
|---|---|---|---|
| Rent | €7,409 | €9,878 | €13,583 |
| Water, sewage and waste | €268 | €373 | €528 |
| Electricity | €380 | €459 | €1,188 |
| Gas | €209 | €209 | €390 |
| Income tax refunded by the municipality | -€10 | -€25 | -€30 |
| Total per year | €8,255 | €10,894 | €15,660 |
| Housing effort rate2 | 53% | 35% | 48% |
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.
2 Effort rate on the local median gross salary (half of workers earn less), × 1 salary for a single person and × 2 for a couple or family.
Fuel: average of 21 stations, DGEG · 26 October 2026
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