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๐Ÿ‡ต๐Ÿ‡น

Portugal

#31 globallyEurope

Average salary: $24,000/year ยท Currency: EUR โ‚ฌ

Mean Annual Salary

$24,000

gross USD

Median Annual Salary

$20,000

gross USD

GDP per Capita

$24,462

current USD

PPP Factor

ร—0.60

vs USD base

Tax Breakdown at Median Salary

Estimated
Gross Income$20,000
Income Tax$3,640
Social Security$1,400
Health Insurance$560

Take-Home (Net) Annual

$14,400

Effective Tax Rate

28.0%

* Based on median salary of $20,000. Estimated combined rate. Consult a tax professional for accurate calculations.

๐Ÿ‡ต๐Ÿ‡น Portugal Economic Overview

Currency

EUR (โ‚ฌ)

Region

Europe

Population

10.3M

Gini Coefficient

0.322

Cost of Living Index

60 (US=100)

Tax Data Available

Estimated

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Salary vs Global Benchmarks

Global Mean$18,000
Europe Mean$30,959
Portugal Mean$24,000

Global Ranking

#31

out of 117 countries

by average salary

About Salaries in Portugal

The average annual salary in Portugal is approximately $24,000 (gross, in USD), with a median of $20,000. The country ranks #31 out of 117 countries by average salary.

At the median salary, workers in Portugal take home approximately $14,400 after taxes โ€” an effective tax rate of 28.0%. The purchasing power parity factor of ร—0.6 means that in real terms, living costs are lower than in the United States.

Portugal is located in the Europe region. Income inequality, measured by the Gini coefficient, is 0.322 (moderate inequality).