How much a month costs in Faro
For one person, including rent. A comfortable month costs about $2,030–3,040 (€1,800–2,700).
Prices in Faro
Typical 2026 ranges in EUR, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | EUR | US$ |
|---|---|---|
| Housing | ||
| 1-bedroom apartment, center (month) | €750–1,300 | $844–1,460 |
| 1-bedroom apartment, outside center (month) | €550–950 | $619–1,070 |
| Hostel dorm bed (night) | €18–40 | $20–45 |
| Mid-range hotel room (night) | €70–150 | $79–169 |
| Food and drink | ||
| Local meal or street food | €8–12 | $9.0–13.5 |
| Mid-range restaurant, per person | €18–32 | $20–36 |
| Cappuccino | €1–3 | $1.1–3.4 |
| Local beer, 0.5 l in a bar | €2–4 | $2.3–4.5 |
| Getting around | ||
| Public transport, one ride | €2–3 | $2.3–3.4 |
| Ride-hailing or taxi, about 5 km | €5–9 | $5.6–10.1 |
| Work and life | ||
| Coworking day pass | €10–18 | $11–20 |
| Gym membership (month) | €22–40 | $25–45 |
| Mobile data, 20–50 GB (month) | €15–25 | $17–28 |
Value for money: 44/100
A value score of 44/100 means Faro gives more quality of life per dollar than 43% of the 1,319 places we cover. Quality here scores 83/100. It's the 8th most affordable of 19 places we cover in Portugal.
| Quality factor | Score |
|---|---|
| Safety | |
| Air quality | |
| Internet | |
| Healthcare | |
| Weather | |
| Friendly locals | |
| English |
Cost of living across Portugal
One person, comfortable lifestyle, including rent.
| Place | Comfortable month | Value |
|---|---|---|
| Évora | $1,690–2,480 | 60/100 |
| Coimbra | $1,800–2,590 | 59/100 |
| Braga | $1,800–2,590 | 59/100 |
| Nazaré | $1,910–2,700 | 45/100 |
| Aveiro | $1,910–2,810 | 53/100 |
| Douro Valley | $2,030–2,930 | 49/100 |
| Silver Coast | $2,030–2,930 | 50/100 |
| Faro | $2,030–3,040 | 44/100 |
| Azores | $2,140–3,150 | 46/100 |
| Tavira | $2,250–3,260 | 40/100 |
| Porto | $2,250–3,380 | 33/100 |
| Madeira | $2,250–3,380 | 39/100 |
| Albufeira | $2,250–3,380 | 35/100 |
| Ericeira | $2,360–3,490 | 37/100 |
| Algarve | $2,480–3,600 | 30/100 |
| Sintra | $2,480–3,600 | 26/100 |
| Lagos | $2,590–3,710 | 25/100 |
| Lisbon | $2,930–4,050 | 18/100 |
| Cascais | $2,930–4,280 | 22/100 |
Cheaper alternatives to Faro
Similar safety, lower cost, in Europe.
Quick answers
How much money do you need per month in Faro?
About $1,130–1,690 on a lean budget, $2,030–3,040 for a comfortable month and $3,600–5,630 for a luxury one, rent included.
How much is rent in Faro?
A furnished 1-bedroom apartment costs €750–1,300 ($844–1,460) a month in the center and €550–950 ($619–1,070) outside it.
How much does food cost in Faro?
A local meal is €8–12 ($9.0–13.5); a mid-range restaurant is €18–32 ($20–36) per person.
Is Portugal expensive?
Prices in Portugal are about 60% of US price levels (World Bank PPP).
More about Faro
Going to Faro solo?
SoloSquare is where travelers, nomads and locals in Faro meet up for small plans: coffee, dinners, walks and day trips. Join one, or start your own in a minute.
Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- Faro Airport (ANA)
- CP Comboios de Portugal
- Visit Algarve
Prices are SoloSquare estimates for 2026, reviewed against official and operator prices where available. Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.