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Whether you're visiting Portugal to admire its beautiful azulejos, indulge in the delicious pastel de nata, or listen to the soulful fado music, knowing the average salary in Portugal could be beneficial. Especially If you’ve decided to make this beautiful country your new home - you’ll be joining over 781,915 foreigners who have done so this year alone.
Knowing the average salary in Portugal may also be helpful if you’re a company looking to expand your operations to Portugal or considering hiring Portuguese employees.
Overall, knowing the average salary in Portugal can be helpful for many reasons - it can help you make informed career choices, plan your finances, conduct economic research, and even develop business strategies. In this article, we’ll explore the average salary in Portugal by city, industry and profession to help you plan your relocation or negotiate your salary more effectively.
What is the average Salary in Portugal?
According to ECO, the average salary in Portugal is €22,000 per year or €1,833 per month, which is 34.33% less than the average annual salary of full-time workers in the European Union. It’s also 57.69% less than Luxembourg, which sits at the top of the salary list.
However, Portugal has a relatively low cost of living compared to other Western European countries. This means you can enjoy a good quality of life without spending much money. For example, according to Numbeo, Portugal has, on average, 46.27% lower rent prices and 29.92% lower consumer prices compared to US states.
What’s a good salary in Portugal?
How much money you need to make depends greatly on where you live and your accustomed lifestyle. For example, if you’re a city dweller who enjoys dining out with friends and spending your weekends exploring, you’ll need to make at least €2,400 per month.
However, if you don’t mind quiet village life in rural areas such as Ferragudo, you could get away with making half that amount. Regardless, it’s important to remember that where you live also affects the salary you’ll receive. You may pay less to live in a smaller village, but you’ll most likely make less than if you were employed in a larger city such as Lisbon.
Why move to Portugal?
The low cost of living isn’t the only thing that attracts ex-pats to Portugal. With its beautiful beaches, rich and vibrant culture and history, delicious food and friendly people, it’s easy to see why many flock to its shores. It’s probably why the search term “average salary Portugal” has gained popularity over the years.
Average salary in Portugal by city
The salaries listed below are sourced from PayScale.
It is evident from the table above that major cities, such as Lisbon and Lagos, offer higher average salaries compared to smaller cities like Coimbra.
Average salary in Portugal by industry
If you’re an expert in one of the following industries and plan to migrate to Portugal, you’re in luck, as these sectors are in high demand. The salaries listed below are sourced from the Average Salary Survey and Salary Explorer.
Apart from the above-mentioned industries, Portugal is also experiencing a high demand for skilled workers in general. This is attributed to several factors, such as the country's ageing population, expanding economy, and growing attraction to expats.
Average salary in Portugal by profession
To give you a better understanding of what to expect in your area of expertise, the aforementioned averages can be a good starting point. However, we understand that you may need more detailed information, so we’ve compiled a list of the most high-demand professions from each industry and their corresponding salary averages. This should give you a more comprehensive idea about the earning potential in your field.
The salaries listed in this section are sourced from PayScale and Salary Explorer
1. Technology
Portugal is a growing hub for tech companies, and there is a high demand for skilled workers in this field. Here are some of the most sought-after tech jobs in Portugal.
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2. Tourism and Hospitality
Portugal is known for its thriving tourism and hospitality industry, resulting in a high demand for workers in this industry.
3. Healthcare
Portugal's growing ageing population has created a high demand for healthcare workers. Here are some of the most in-demand healthcare jobs in Portugal.
4. Education
Portugal has a good education system, so there’s a high demand for teachers and other education professionals.
5. Sales and Marketing
Portugal's economy is growing, creating a high demand for sales and marketing professionals to drive business growth.
Average salary in Portugal by the highest-paid profession
As the cost of living continues to rise globally, it’s interesting to see which professions offer the most lucrative salaries. Below are some of the highest-paid professionals in Portugal and their corresponding average salaries.
It is worth noting that salaries in Portugal can vary depending on factors such as experience, location, and company size. However, the occupations listed above are generally well-paid.
Average salaries in other European countries
How does the average salary in Portugal compare to other European countries? Let's take a closer look.
As you can see, the Average salary in Portugal is 7.89% higher than in Poland but significantly lower at 73.80% less than in Switzerland.
Despite the lower average salary in Portugal compared to Switzerland, it is important to consider the cost of living in each country. Switzerland is known for its high living expenses, including housing, transportation, and healthcare, which can offset the higher salaries. On the other hand, Portugal offers a more affordable cost of living, making it an attractive option for individuals seeking a balance between a decent salary and a lower cost of living.
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