Municipality · Madeira
Machico: Cost of living in Machico
The year's bill · Single person · Buy€5,878€490 a monthSeveral sources: each line’s source in “The year’s costs” ↓
40%of the local median salary
Home price2,070 €/m²
Median salary€1,082/month
The year's bill · Couple · Buy€7,746€645 a monthSeveral sources: each line’s source in “The year’s costs” ↓
26%of 2 local median salaries
Home price2,070 €/m²
Median salary€1,082/month
The year's bill · Family with 2 children · Buy€11,122€927 a monthSeveral sources: each line’s source in “The year’s costs” ↓
36%of 2 local median salaries
Home price2,070 €/m²
Median salary€1,082/month
The year's bill · Single person · Rent€5,627€469 a monthSeveral sources: each line’s source in “The year’s costs” ↓
39%of the local median salary
Rent7.08 €/m²
Median salary€1,082/month
The year's bill · Couple · Rent€7,411€618 a monthSeveral sources: each line’s source in “The year’s costs” ↓
26%of 2 local median salaries
Rent7.08 €/m²
Median salary€1,082/month
The year's bill · Family with 2 children · Rent€10,732€894 a monthSeveral sources: each line’s source in “The year’s costs” ↓
36%of 2 local median salaries
Rent7.08 €/m²
Median salary€1,082/month
Home
What it costs to buy or rent, and the yearly property tax.
Median sale price (€/m²)€ per m², last 12 months
2,070 €/m²
House price rise over 5 yearsSale €/m²
+112%from 976 to 2,070 €/m²
Median rent (€/m² per month)€ per m² a month, new contracts
7.08 €/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
€172€209€266
Electricity
€377€455€1,180
Gas
no datano datano data
Income tax refunded by the municipalityThe municipality keeps 4% and gives back 1% of your income tax
€20€50€60
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
€1,082/month
Average salary (gross)Average monthly earnings, by place of work
€1,342/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
2.5 kmCentro de Saúde de Machico — Serviço de Atendimento Urgente (24h) · · 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
23.3 per 1,000 people
Ageing indexOlder people per 100 young (lower = younger)
222 older people per 100 young
Burnt land over 10 yearsShare of the land that burnt at least once
0.4% 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 | €124,200 | €165,600 | €227,700 |
| Mortgage payments | €5,162 | €6,883 | €9,464 |
| 1 | €186 | €248 | €272 |
| Water, sewage and waste | €172 | €209 | €266 |
| Electricity | €377 | €455 | €1,180 |
| Gas | no data | no data | no data |
| Income tax refunded by the municipality | -€20 | -€50 | -€60 |
| Total per year | €5,878 | €7,746 | €11,122 |
| Housing effort rate2 | 40% | 26% | 36% |
| Monthly payment | €430 | €574 | €789 |
| On the day you buy | €14,084 | €19,432 | €29,092 |
| Single personSingle | CoupleCouple | Family with 2 childrenFamily | |
|---|---|---|---|
| Rent | €5,098 | €6,797 | €9,346 |
| Water, sewage and waste | €172 | €209 | €266 |
| Electricity | €377 | €455 | €1,180 |
| Gas | no data | no data | no data |
| Income tax refunded by the municipality | -€20 | -€50 | -€60 |
| Total per year | €5,627 | €7,411 | €10,732 |
| Housing effort rate2 | 39% | 26% | 36% |
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.
Compare with neighbouring municipalities
Machico in the rankings
See where Machico ranks on each indicator: home prices, salaries, emergency care, crèches…
Choose the indicator →