Alcochete, in the district of Setúbal, is the municipality
where there are more residents who have average monthly earnings higher than
the national average, which currently stands at €1,247, according to data
released by the National Statistics Institute (INE) and reported by
idealista/news.
“(…) In 154 (50%) of the 308 municipalities, the average
monthly earnings of full-time employees with full pay were, in 2020, less than €1,000”.
According to INE, of the 23 municipalities with average
monthly earnings above the national average (€1,247), 11 are located in the
Lisbon Metropolitan Area, with emphasis on Alcochete (€2,020), Oeiras (€1,840)
and Lisbon (€1,703).
Other areas of the country with above-average earnings are:
- 3 municipalities in the Porto Metropolitan Area – Porto
(1,498 euros), Matosinhos (1,388 euros), and Maia (1,298 euros);
- 5 municipalities in the Centre region – Vila Velha de Ródão
(1,367 euros), Marinha Grande (1,330 euros), Estarreja (1,297 euros), Aveiro
(1,286 euros) and Constância (1,282 euros);
- 3 municipalities in Alentejo – Castro Verde (1,941 euros), Sines (1,861 euros) and Campo Maior (1,324 euros);
- 1 municipality in the Autonomous Region of the Azores – Vila
do Porto (1,779 euros).
Naturally the heavily tourism dependent Madeira and Algarve fare the worst. Tourism is the most undesirable sector of any economy.
By Diogo F. from Madeira on 24 Dec 2022, 23:35
"national average, which currently stands at €1,247"
x 14, or x 12?
Before taxes and social security?
How reliable is this 1247?
Other websites state much higher:
"A person working in Portugal typically earns around 2,750 EUR"
http://www.salaryexplorer.com/salary-survey.php?loc=174&loctype=1
The OECD life index https://www.oecdbetterlifeindex.org/countries/portugal/
states "USD 24 877 per year" so around 14x euros 1672.
So what's the correct figure?
By Michael Blesh from Algarve on 26 Dec 2022, 11:02
Misleading. This article lacks essential information, as the comment above suggests...
By Manuel from Lisbon on 26 Dec 2022, 13:41
The OECD figure may be an adjustment of the nominal figure to reflect comparative purchasing power. 24000 per annum spent in the average US location, would afford you around the same buying power as 14-15k euros per annum in the average location in Portugal, where the cost of living is currently around 60% of the US.
By Patrick Sweeney from Other on 26 Dec 2022, 16:12