Municipality · Faro
Lagoa: Cost of living in Lagoa
The year's bill · Single person · Buy€9,639€803 a monthSeveral sources: each line’s source in “The year’s costs” ↓
63%of the local median salary
Home price3,371 €/m²
Median salary€1,120/month
The year's bill · Couple · Buy€12,612€1,051 a monthSeveral sources: each line’s source in “The year’s costs” ↓
42%of 2 local median salaries
Home price3,371 €/m²
Median salary€1,120/month
The year's bill · Family with 2 children · Buy€18,110€1,509 a monthSeveral sources: each line’s source in “The year’s costs” ↓
57%of 2 local median salaries
Home price3,371 €/m²
Median salary€1,120/month
The year's bill · Single person · Rent€8,018€668 a monthSeveral sources: each line’s source in “The year’s costs” ↓
53%of the local median salary
Rent9.93 €/m²
Median salary€1,120/month
The year's bill · Couple · Rent€10,450€871 a monthSeveral sources: each line’s source in “The year’s costs” ↓
35%of 2 local median salaries
Rent9.93 €/m²
Median salary€1,120/month
The year's bill · Family with 2 children · Rent€15,207€1,267 a monthSeveral sources: each line’s source in “The year’s costs” ↓
49%of 2 local median salaries
Rent9.93 €/m²
Median salary€1,120/month
Home
What it costs to buy or rent, and the yearly property tax.
Median sale price (€/m²)€ per m², last 12 months
3,371 €/m²
House price rise over 5 yearsSale €/m²
+79%from 1,889 to 3,371 €/m²
Median rent (€/m² per month)€ per m² a month, new contracts
9.93 €/m²
Property tax rate (IMI)On the taxable property value
0.36%
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
€189€249€337
Electricity
€380€459€1,188
Gas
€360€360€755
Income tax refunded by the municipalityThe municipality keeps 2% and gives back 3% of your income tax
€60€150€180
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
€1,120/month
Average salary (gross)Average monthly earnings, by place of work
€1,345/month
Purchasing power (Portugal = 100)Per-capita index
88.5
Health and family
Emergency care, crèches and pharmacies.
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
6.6 kmHospital de Portimão (Portimão) · · 100% of residents within 15 km
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
80 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.
508
508 places in public or not-for-profit crèches, 0 in private ones
Safety and population
Recorded crime, the population's age and wildfires.
Crime rateRecorded crimes per 1 000 residents
35.5 per 1,000 people
Ageing indexOlder people per 100 young (lower = younger)
189 older people per 100 young
Burnt land over 10 yearsShare of the land that burnt at least once
0.2% 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 | €202,260 | €269,680 | €370,810 |
| Mortgage payments | €8,407 | €11,209 | €15,412 |
| 1 | €364 | €485 | €597 |
| Water, sewage and waste | €189 | €249 | €337 |
| Electricity | €380 | €459 | €1,188 |
| Gas | €360 | €360 | €755 |
| Income tax refunded by the municipality | -€60 | -€150 | -€180 |
| Total per year | €9,639 | €12,612 | €18,110 |
| Housing effort rate2 | 63% | 42% | 57% |
| Monthly payment | €701 | €934 | €1,284 |
| On the day you buy | €26,637 | €39,001 | €57,951 |
| Single personSingle | CoupleCouple | Family with 2 childrenFamily | |
|---|---|---|---|
| Rent | €7,150 | €9,533 | €13,108 |
| Water, sewage and waste | €189 | €249 | €337 |
| Electricity | €380 | €459 | €1,188 |
| Gas | €360 | €360 | €755 |
| Income tax refunded by the municipality | -€60 | -€150 | -€180 |
| Total per year | €8,018 | €10,450 | €15,207 |
| Housing effort rate2 | 53% | 35% | 49% |
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 11 stations, DGEG · 26 October 2026
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