More than 50% of workers in Portugal received salaries lower than 1,000 euros per month in 2022, a percentage that rises to 65% in the case of young people under 30, according to data from the Ministry of Labour, Solidarity and Social Security.
Portugal salaries in 2022
According to the document prepared by the Strategy and Planning Office (GEP) of the Ministry of Labour, in 2022 56% of workers in Portugal received a salary of less than 1,000 euros, a percentage that compares with 72% in 2015. In the case of young people, 65% received below 1,000 euros in 2022, compared to 84% in 2015.
What's the average salary in Portugal?
The average salary of workers with remuneration declared to Social Security was 1,269.34 euros per month in 2022, 29% higher than in 2015, while for young people (up to 30 years old), the average salary was 1,037.57 euros, 40% more compared to 2015.
Portugal basic salary 2023
How much is the basic salary in Portugal? The GEP data also shows that the percentage of workers receiving up to 760 euros (the value of the national minimum wage in Portugal for 2023) halved in 2022 compared to 2015, falling from 60% to around 30%.
As for wage dynamics, the document indicates that workers who changed companies saw their wages grow by an average of 16.3 per cent in 2022 compared to 2021, while those who remained in the same company had an average increase of 6.2 per cent.
Considering the total number of workers in October, on average, salaries increased by 5.2% compared to 2021, the data indicates. Find out more about the best paid jobs in Portugal.
Essential documents for getting a mortgage in Portugal: a guide for foreign buyers
Buying a home in Portugal is an exciting experience, but understanding the paperwork involved in securing a mortgage can be tricky, especially for foreign buyers. From personal identification to property certificates, knowing which documents are required at each stage can save you time, avoid delays, and make the process much smoother. This is everything you need to know about the essential documents for getting a mortgage in Portugal.
Wildfire victims in Portugal to receive free legal support
The Portuguese Bar Association has launched a solidarity initiative to lessen the impact of rural wildfires and support victims across the country. A pool of around 500 volunteer lawyers will provide free legal assistance to citizens and businesses severely affected by the blazes.
The real cost of buying property in Portugal in 2025: a guide for foreigners
Are you considering moving to Portugal and buying a property in 2025? Whether you’re looking for a permanent home, a holiday retreat, or an investment opportunity, it’s essential to understand the full cost of buying property in Portugal — beyond just the asking price. From taxes and legal fees to mortgage conditions, this guide breaks down everything you need to know about property purchasing costs for foreigners in 2025. This is the real cost of buying property in Portugal.
Inside Nicole Kidman’s reported move to Portugal
Australian actress Nicole Kidman is reportedly leaving Hollywood for Portugal and has already applied for residency in the country.
What is TAEG in Portugal? Understanding mortgage costs for foreign buyers
If you’re planning to buy property in Portugal, you’ve likely come across the term TAEG while researching mortgages. But what exactly does it mean, and why is it important for you as a foreign buyer?
Getting a mortgage in Portugal as a foreigner: a complete guide
If you’re considering buying property in Portugal, understanding how to get a mortgage as a foreigner is crucial. Portugal’s appealing climate, affordable living costs, and attractive property market have made it a hotspot for expats and international buyers. This comprehensive guide covers everything you need to know about getting a mortgage in Portugal as a non-resident, from eligibility requirements to the application process and associated costs.
IMI Portugal 2025: what foreign residents and homeowners need to know
The Municipal Property Tax (IMI) is an annual tax charged by Portuguese councils on property owners, including foreign residents who own property in Portugal. This tax is based on the property’s taxable value (VPT) and applies to both rural and urban properties. The amount paid helps to fund local services and infrastructure across the country.