Municipality · Madeira
Funchal: Cost of living in Funchal
The year's bill · Single person · Buy€9,540€795 a monthSeveral sources: each line’s source in “The year’s costs” ↓
65%of the local median salary
Home price3,538 €/m²
Median salary€1,138/month
The year's bill · Couple · Buy€12,550€1,046 a monthSeveral sources: each line’s source in “The year’s costs” ↓
43%of 2 local median salaries
Home price3,538 €/m²
Median salary€1,138/month
The year's bill · Family with 2 children · Buy€17,787€1,482 a monthSeveral sources: each line’s source in “The year’s costs” ↓
59%of 2 local median salaries
Home price3,538 €/m²
Median salary€1,138/month
The year's bill · Single person · Rent€10,500€875 a monthSeveral sources: each line’s source in “The year’s costs” ↓
74%of the local median salary
Rent14.03 €/m²
Median salary€1,138/month
The year's bill · Couple · Rent€13,830€1,153 a monthSeveral sources: each line’s source in “The year’s costs” ↓
49%of 2 local median salaries
Rent14.03 €/m²
Median salary€1,138/month
The year's bill · Family with 2 children · Rent€19,617€1,635 a monthSeveral sources: each line’s source in “The year’s costs” ↓
68%of 2 local median salaries
Rent14.03 €/m²
Median salary€1,138/month
Home
What it costs to buy or rent, and the yearly property tax.
Median sale price (€/m²)€ per m², last 12 months
3,538 €/m²
House price rise over 5 yearsSale €/m²
+113%from 1,658 to 3,538 €/m²
Median rent (€/m² per month)€ per m² a month, new contracts
14.03 €/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
€121€156€217
Electricity
€377€455€1,180
Gas
no datano datano data
Income tax refunded by the municipalityThe municipality gives back the full 5% it is entitled to
€100€250€300
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
€1,138/month
Average salary (gross)Average monthly earnings, by place of work
€1,465/month
Health and family
Emergency care, crèches and pharmacies.
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
2.2 kmHospital Dr. Nélio Mendonça · · 100% of residents within 15 km
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
no data
Crèche placesMadeira: public crèche free only for the lowest income bands (regional scheme, outside Creche Feliz).
no data
Safety and population
Recorded crime, the population's age and wildfires.
Crime rateRecorded crimes per 1 000 residents
28.2 per 1,000 people
Ageing indexOlder people per 100 young (lower = younger)
213 older people per 100 young
Burnt land over 10 yearsShare of the land that burnt at least once
25% of the landarea booked to the municipality where the fire started (INE)
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 | €212,280 | €283,040 | €389,180 |
| Mortgage payments | €8,823 | €11,764 | €16,176 |
| 1 | €318 | €425 | €514 |
| Water, sewage and waste | €121 | €156 | €217 |
| Electricity | €377 | €455 | €1,180 |
| Gas | no data | no data | no data |
| Income tax refunded by the municipality | -€100 | -€250 | -€300 |
| Total per year | €9,540 | €12,550 | €17,787 |
| Housing effort rate2 | 65% | 43% | 59% |
| Monthly payment | €735 | €980 | €1,348 |
| On the day you buy | €26,573 | €38,837 | €58,303 |
| Single personSingle | CoupleCouple | Family with 2 childrenFamily | |
|---|---|---|---|
| Rent | €10,102 | €13,469 | €18,520 |
| Water, sewage and waste | €121 | €156 | €217 |
| Electricity | €377 | €455 | €1,180 |
| Gas | no data | no data | no data |
| Income tax refunded by the municipality | -€100 | -€250 | -€300 |
| Total per year | €10,500 | €13,830 | €19,617 |
| Housing effort rate2 | 74% | 49% | 68% |
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.
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