Funchal vs Faro on €70,000: take-home pay, rent and cost of living in 2026
On a gross salary of €70,000 a year, a single employee takes home €3,600 a month in Funchal (62% of gross) and €3,600 a month in Faro (62%), after income tax and social security contributions.
Faro is 4% more expensive than Funchal overall (cost-of-living index 37.5 vs 36.1, New York = 100). A one-bedroom flat in the city centre rents for about €906 a month in Faro and €1,327 in Funchal, which leaves €2,694 and €2,274 of take-home pay after rent. Keeping the same standard of living and saving 15% of your pay would cost about €3,179 a month in Faro — this salary leaves €421 a month on top.
By category, groceries cost 4% more in Faro than in Funchal, eating out 17% less and rent 28% less.
Of the gross salary, income tax takes €19,094 a year in Funchal and €19,094 in Faro; social contributions and other levies take €7,700 and €7,700.
Moving from abroad? Under IFICI, take-home pay in Faro would be €4,153 a month — see who qualifies.
| Funchal | Faro | |
|---|---|---|
| Gross salary per year | €70,000 | €70,000 |
| Income tax per year | €19,094 | €19,094 |
| Social contributions per year | €7,700 | €7,700 |
| Take-home pay per month | €3,600 | €3,600 |
| One-bedroom rent, city centre | €1,327 | €906 |
| Left after rent | €2,274 | €2,694 |
| Cost-of-living index (New York = 100) | 36.1 | 37.5 |
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 Funchal vs Faro
Is Faro, Portugal more expensive than Funchal, Portugal?
Faro, Portugal is 4% more expensive than Funchal, Portugal overall. On a gross salary of €70,000 a year, you take home €3,600 a month in Funchal, Portugal and €3,600 a month in Faro, Portugal after income tax and social contributions.
How much can I save living in Faro, Portugal vs Funchal, Portugal?
Keeping the same standard of living as in Funchal, Portugal, you could save about €421 a month (€5,057 a year) in Faro, Portugal on this salary, after rent and living costs.
What taxes will I pay in Portugal vs Portugal?
On €70,000 gross a year you take home €3,600 a month in Portugal and €3,600 a month in Portugal. The calculation applies each country's 2026 income tax and social security rules for a single employee.