What Is Considered A Good Salary In Portugal? [Detailed 2022 Guide]
If you are moving to Portugal anytime soon, you might be worried about how much you will earn once you move there. It is an essential requirement of every person living in a particular country, which is why you should plan it. If you are considering working in Portugal, it is necessary to find out how much your earning potential is in that country so that you can quickly start your new life with your family or alone. Whether you will be able to manage and survive in Portugal by yourself is only going to depend upon how much you will earn. For that reason, you should research the average salary in Portugal, which will be different depending upon the profession and your field of career.
The tax benefits are also different for expats in Portugal who have qualified for non-permanent residence. As you might already be aware, Portugal is quite famous for its high living standards because the education and health care services are above average. You don’t have to pay him much money for medical and education in this country compared to the other European countries near Portugal. If you are moving to Portugal from any other European country, you might feel like the salary in this country is low compared to what you are already used to. However, that is not going to be a problem because the cost of living is also much cheaper in Portugal, and it is not going to cause any significant issues for you while you are residing in Portugal.
Overall, Portugal is a great country for you to move to, and a high salary is not why people move to this country in the first place. It is only because of the high and good living standards that people like to live in this country. If people start moving to Portugal just for a good salary, then most of them will not be interested in moving to this country in the first place. If you are moving to Portugal as a foreigner, you will have to make many compromises regarding your income and salary.
Many people love to you live in this country because the climate has been excellent all along, and you will get 3006 days of sunshine and plenty of fishing spots everywhere which is great for your retirement life. The best part about moving to Portugal is that a few industries are wide open for you as a foreigner. They will also provide you with many different types of compensation packages that are only for foreigners.
In this post, we will discuss what is considered a good salary in Portugal, and it will be a detailed guide for you regarding 2022. So, without any for the wait, keep reading to find out more information below about the living standard in Portugal and the average salary.
The Main Attraction In Portugal And The Average Salary
The biggest attraction in moving to Portugal compared to other European countries is the low housing and accommodation prices. The price you have to pay for housing is not as much as the average salary is also enough for you to quickly cover these expenses every month. If you research the OECD states, you will find that Portugal has the 6th lowest average gross ear salary. Per year it is going to be around 24000 euros.
We don’t recommend you compare the wages if you are moving to Portugal from the United States because the average salary in the United States is around 60000 per year, and there is a difference between them. But the good thing is that the cost of living in this country is not a lot and you will be able to manage quickly.
Annual Salary Of Top Managerial Positions: Lisbon
| Management Position | Salary Per Year |
| General Manager | 110,000 € – 170,000 € |
| Legal Manager | 148,000 € – 160,000 € |
| Plant Manager | 72,000 € – 120,000 € |
| Administrative and Financial Manager | 49,000 € – 105,000 € |
| IT Director | 40,000 € – 100,000 € |
| Marketing Director | 44,800 – 92,000 € |
| Operations Director (Engineering) | 62,000 € – 92,000 € |
| Head of Human Resources | 55,000 € – 84,000 € |
| Store Supervisor | 25,200 € – 59,500€ |
| IT Systems Architect | 42,000 € – 56,000 € |
| Head of Accounting | 25,200 € – 56,000 € |
The Average Salary In Portugal By The Level Of Education
If you hold a University degree, you are more likely to get a decent salary in Portugal. The monthly base salary for a University Graduate in Portugal is around 2100. On the other hand, if you are a mid-level executive, you will quickly earn about 1500 euros every month. If you don’t have a University degree and are nonqualified, you will get a low salary of around 650 euros. The average gross wage per month in Portugal is 1300, accumulating to 1900 euros annually. Remember that holiday and Christmas bonuses are also included in this yearly salary.
Highest-Paid Professionals In Portugal
If you are from a managerial position, medical management, legal counselor, purchasing manager, or industrial boardroom, you will get the highest salary in Portugal.
Tax Requirement On Foreign Salary
If you are a foreigner looking forward to moving to Portugal, you can get a special tax Regime for yourself, which will be for ten years.
The nonhabitual residence status establishes this, and you can easily qualify for this if you are not a Portuguese citizen and an immigrant. If you want to apply for this status, then you should have been out in Portugal for the past five years, and then you will have to transfer your address for tax.
Other than that, there are specific criteria that you have to fill in, and then this special tax Regime will be applied to you and benefit you for your income tax in the country. The flat rate is 20% for workers in high-value positions.
The High-Value Positions In Portugal Include The Following
- Engineers
- Geologists
- Architects
- Actors
- Auditors
- Doctors
- Teachers
- Psychologists
- Biologists
- Designers
- Investors
and many more.
Jobs In Portugal For Foreigners
If you are a foreigner in Portugal, then the best option for your face will be to choose the real estate or Technology industry. Still, you can also go into customer service. It will be beneficial for you to enter these Industries because the salary here is more than minimum wage, and it will be helpful once you move to a major city like Lisbon or Porto in Portugal. Lisbon is home to different multinational businesses, all of which have significant offices. It is the main reason you have many job opportunities and prospects as a foreigner. If you are a skilled worker, it is a very attractive option for you because Google and Amazon have recently set up their shops in Lisbon.
However, it is essential to note that not only the Tech Giants available in the major cities but small-scale technology companies are also opening in the major cities in Portugal and creating many job opportunities all over the country for young and skilled workers. If you want to get ready with your startup, the Portuguese government will provide favorable outcomes and conditions to entrepreneurs. The best startup for us is a foreigner who can be a call center worker. You can also enter the employment sector because it is relatively easy to land a job in the call center work if you can speak these or any other languages.
How To Find Jobs In Portugal, And Where?
LinkedIn is the best place to start your job hunting once you have moved to Portugal, and you can start finding your job on LinkedIn even before moving to the country. The second largest job-hunting site is “Indeed.”
There are planting of job opportunities available all over Portugal; you don’t have to worry about that before moving to the country. If you are English-speaking, you should find a job in Lisbon. However, if you can speak for the keys, you can also apply for different positions in the suburbs of big cities.
Conclusion
If you are considering relocating to Portugal anytime soon, then it will be a significant concern for you regarding the average salary in the country. It doesn’t matter if you are a foreigner or not. It will still be a topic of interest for you if you are associated with Portugal.
On the other hand, the good news is that the Portuguese economy is growing rapidly, especially after the pandemic ended. The job opportunities and prospects are much better in Portugal compared to many European countries. That is why living in this country and surviving here alone will not be a problem for you in the long run.
However, you must remember that the minimum and the average salary will not grow quickly. However, there are still chances that you will get a decently paid job once you move to Portugal, and there will not be any significant issues for you to survive in this country even if you are living with your family. If you want to get a job immediately in Portugal, you need to get your hands on all the correct information so that you don’t waste your time and get straight to the point.
This article will be your complete guide, and you can use it for your research purpose to find out the different job opportunities available for you and the average salary in the country once you move there. However, you need to keep in mind that you will not be earning the same amount of money in Portugal that you were earning back home, but it is still a great country to live in because of what it offers you. Good luck, and keep growing!