Municipality · Faro
Silves: Cost of living in Silves
The year's bill · Single person · Buy€8,320€693 a monthSeveral sources: each line’s source in “The year’s costs” ↓
55%of the local median salary
Home price2,860 €/m²
Median salary€1,080/month
The year's bill · Couple · Buy€10,925€910 a monthSeveral sources: each line’s source in “The year’s costs” ↓
37%of 2 local median salaries
Home price2,860 €/m²
Median salary€1,080/month
The year's bill · Family with 2 children · Buy€15,767€1,314 a monthSeveral sources: each line’s source in “The year’s costs” ↓
50%of 2 local median salaries
Home price2,860 €/m²
Median salary€1,080/month
The year's bill · Single person · Rent€8,267€689 a monthSeveral sources: each line’s source in “The year’s costs” ↓
57%of the local median salary
Rent10.19 €/m²
Median salary€1,080/month
The year's bill · Couple · Rent€10,854€905 a monthSeveral sources: each line’s source in “The year’s costs” ↓
38%of 2 local median salaries
Rent10.19 €/m²
Median salary€1,080/month
The year's bill · Family with 2 children · Rent€15,740€1,312 a monthSeveral sources: each line’s source in “The year’s costs” ↓
52%of 2 local median salaries
Rent10.19 €/m²
Median salary€1,080/month
Home
What it costs to buy or rent, and the yearly property tax.
Median sale price (€/m²)€ per m², last 12 months
2,860 €/m²
House price rise over 5 yearsSale €/m²
+87%from 1,533 to 2,860 €/m²
Median rent (€/m² per month)€ per m² a month, new contracts
10.19 €/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
€191€254€345
Electricity
€380€459€1,188
Gas
€360€360€755
Income tax refunded by the municipalityShare of income tax refunded
no data
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
€1,080/month
Average salary (gross)Average monthly earnings, by place of work
€1,270/month
Purchasing power (Portugal = 100)Per-capita index
85.1
Health and family
Emergency care, crèches and pharmacies.
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
11.8 kmServiço de Urgência Básica de Albufeira (Albufeira) · · 77% of residents within 15 km
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
46 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.
477
441 places in public or not-for-profit crèches, 36 in private ones
Safety and population
Recorded crime, the population's age and wildfires.
Crime rateRecorded crimes per 1 000 residents
36.6 per 1,000 people
Ageing indexOlder people per 100 young (lower = younger)
169 older people per 100 young
Burnt land over 10 yearsShare of the land that burnt at least once
20% 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 | €171,600 | €228,800 | €314,600 |
| Mortgage payments | €7,132 | €9,510 | €13,076 |
| 1 | €257 | €343 | €402 |
| Water, sewage and waste | €191 | €254 | €345 |
| Electricity | €380 | €459 | €1,188 |
| Gas | €360 | €360 | €755 |
| Income tax refunded by the municipality | no data | no data | no data |
| Total per year | €8,320 | €10,925 | €15,767 |
| Housing effort rate2 | 55% | 37% | 50% |
| Monthly payment | €594 | €792 | €1,090 |
| On the day you buy | €21,548 | €31,504 | €47,240 |
| Single personSingle | CoupleCouple | Family with 2 childrenFamily | |
|---|---|---|---|
| Rent | €7,337 | €9,782 | €13,451 |
| Water, sewage and waste | €191 | €254 | €345 |
| Electricity | €380 | €459 | €1,188 |
| Gas | €360 | €360 | €755 |
| Income tax refunded by the municipality | no data | no data | no data |
| Total per year | €8,267 | €10,854 | €15,740 |
| Housing effort rate2 | 57% | 38% | 52% |
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 25 stations, DGEG · 26 October 2026
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