Municipality · Açores
Velas: Cost of living in Velas
The year's bill · Single person · Buy€3,662€305 a monthSeveral sources: each line’s source in “The year’s costs” ↓
24%of the local median salary
Home price1,219 €/m²
Median salary€1,053/month
The year's bill · Couple · Buy€4,640€387 a monthSeveral sources: each line’s source in “The year’s costs” ↓
16%of 2 local median salaries
Home price1,219 €/m²
Median salary€1,053/month
The year's bill · Family with 2 children · Buy€7,053€588 a monthSeveral sources: each line’s source in “The year’s costs” ↓
22%of 2 local median salaries
Home price1,219 €/m²
Median salary€1,053/month
The year's bill · Single person · Rent€4,926€410 a monthSeveral sources: each line’s source in “The year’s costs” ↓
35%of the local median salary
Rent6.13 €/m²
Median salary€1,053/month
The year's bill · Couple · Rent€6,326€527 a monthSeveral sources: each line’s source in “The year’s costs” ↓
23%of 2 local median salaries
Rent6.13 €/m²
Median salary€1,053/month
The year's bill · Family with 2 children · Rent€9,440€787 a monthSeveral sources: each line’s source in “The year’s costs” ↓
32%of 2 local median salaries
Rent6.13 €/m²
Median salary€1,053/month
Home
What it costs to buy or rent, and the yearly property tax.
Median sale price (€/m²)€ per m², last 12 months
1,219 €/m²
House price rise over 5 yearsSale €/m²
+75%from 697 to 1,219 €/m²
Median rent (€/m² per month)€ per m² a month, new contracts
6.13 €/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
no datano datano data
Electricity
€377€456€1,155
Gas
€235€235€494
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
€1,053/month
Average salary (gross)Average monthly earnings, by place of work
€1,237/month
Purchasing power (Portugal = 100)Per-capita index
84.4
Health and family
Emergency care, crèches and pharmacies.
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
4.1 kmCentro de Saúde das Velas — Unidade Básica de Urgência · · 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 placesAzores: crèche practically free for all families (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
16.5 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% of the landno fires recorded
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 | €73,140 | €97,520 | €134,090 |
| Mortgage payments | €3,040 | €4,053 | €5,573 |
| 1 | €110 | €146 | €131 |
| Water, sewage and waste | no data | no data | no data |
| Electricity | €377 | €456 | €1,155 |
| Gas | €235 | €235 | €494 |
| Income tax refunded by the municipality | -€100 | -€250 | -€300 |
| Total per year | €3,662 | €4,640 | €7,053 |
| Housing effort rate2 | 24% | 16% | 22% |
| Monthly payment | €253 | €338 | €464 |
| On the day you buy | €8,294 | €11,059 | €15,229 |
| Single personSingle | CoupleCouple | Family with 2 childrenFamily | |
|---|---|---|---|
| Rent | €4,414 | €5,885 | €8,092 |
| Water, sewage and waste | no data | no data | no data |
| Electricity | €377 | €456 | €1,155 |
| Gas | €235 | €235 | €494 |
| Income tax refunded by the municipality | -€100 | -€250 | -€300 |
| Total per year | €4,926 | €6,326 | €9,440 |
| Housing effort rate2 | 35% | 23% | 32% |
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.
Water, sewage and waste: no data.
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Velas in the rankings
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