Faro vs Porto on €40,000: take-home pay, rent and cost of living in 2026
On a gross salary of €40,000 a year, a single employee takes home €2,308 a month in Faro (69% of gross) and €2,308 a month in Porto (69%), after income tax and social security contributions.
Porto is 2% more expensive than Faro overall (cost-of-living index 38.3 vs 37.5, New York = 100). A one-bedroom flat in the city centre rents for about €1,145 a month in Porto and €906 in Faro, which leaves €1,163 and €1,402 of take-home pay after rent. Keeping the same standard of living and saving 15% of your pay would cost about €2,004 a month in Porto — this salary leaves €304 a month on top.
By category, groceries cost 5% more in Porto than in Faro, eating out 12% more and rent 19% more.
Of the gross salary, income tax takes €7,899 a year in Faro and €7,899 in Porto; social contributions and other levies take €4,400 and €4,400.
Moving from abroad? Under IFICI, take-home pay in Porto would be €2,376 a month — see who qualifies.
| Faro | Porto | |
|---|---|---|
| Gross salary per year | €40,000 | €40,000 |
| Income tax per year | €7,899 | €7,899 |
| Social contributions per year | €4,400 | €4,400 |
| Take-home pay per month | €2,308 | €2,308 |
| One-bedroom rent, city centre | €906 | €1,145 |
| Left after rent | €1,402 | €1,163 |
| Cost-of-living index (New York = 100) | 37.5 | 38.3 |
How each figure is taxed: Portugal tax calculator and Portugal tax calculator. Single employee without children; rent and price data from Numbeo, refreshed monthly.
Questions about Faro vs Porto
Is Porto, Portugal more expensive than Faro, Portugal?
Porto, Portugal is 2% more expensive than Faro, Portugal overall. On a gross salary of €40,000 a year, you take home €2,308 a month in Faro, Portugal and €2,308 a month in Porto, Portugal after income tax and social contributions.
How much can I save living in Porto, Portugal vs Faro, Portugal?
Keeping the same standard of living as in Faro, Portugal, you could save about €304 a month (€3,653 a year) in Porto, Portugal on this salary, after rent and living costs.
What taxes will I pay in Portugal vs Portugal?
On €40,000 gross a year you take home €2,308 a month in Portugal and €2,308 a month in Portugal. The calculation applies each country's 2026 income tax and social security rules for a single employee.