In 2020, despite the impact of the pandemic, the median value of declared gross income deducted from IRS paid by taxable person was €9,665, an increase of 1.3% compared to the previous year. Oeiras (€14,091), Lisbon (€12,938) and Cascais (€11,827) are the three municipalities with the highest values, according to data from the National Statistics Institute (INE).

The report with income statistics at the local level for 2020, highlights “about 1/5 of municipalities with a median value of income per taxable person higher than that of the country”.

Between 2019 and 2020, there was a decrease in the annual rate of change in the median value of income in 268 municipalities. According to INE, “this group included ten of the 18 municipalities in the Lisbon Metropolitan Area, eight of the 15 municipalities in the Algarve and four of the 17 in the Porto Metropolitan Area”.

Also according to INE, only 11 municipalities showed a decrease in the median value of income per taxable person compared to 2019. Among them, six municipalities in the Algarve stand out – with Albufeira (-3.0%) recording the largest annual decrease – and , in the metropolitan areas, São João da Madeira (-0.4%) and Cascais (-0.3%).

A total of 68 municipalities had median income values ​​higher than the national reference: the 18 municipalities in the Lisbon Metropolitan Area (AML), 21 municipalities in the Centre, 13 in the Alentejo, seven in the North, five in the Azores, three in Madeira and one in the Algarve.

This data are based on “anonymized tax data from the Tax and Customs Authority (AT) relating to the tax assessment note on personal income tax (IRS – Model 3), obtained under a protocol signed between the two entities”.