Is Avenidas Novas Expensive?

Lisbon, Portugal

+5% vs Lisbon avg

Living in Avenidas Novas, Lisbon

Avenidas Novas is a moderately-priced area within Lisbon, with a cost of living index of 36.4 — that is +5% compared to the Lisbon average. It sits around the middle of the pack at #9 out of 20 neighborhoods. Estimated rent for a one-bedroom apartment here is around €890/month, compared to a range of €610 in Amadora to €1,085 in Chiado.

Monthly Budget Breakdown

For a typical resident of Avenidas Novas, housing takes up roughly 47% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately €35,611 before tax.

Typical Salaries in Avenidas Novas

Salaries in Avenidas Novas reflect the local cost of living. Based on the neighborhood COLI of 36.4:

After tax and deductions of 31.3% in Portugal, take-home pay for someone earning €35,611 would be roughly €24,465/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

36.4
COLI Index
1.05x
vs City Avg
€890
Est. 1BR Rent
#9
of 20 Areas
31.3%
Total Deductions

Tax & Deductions in Avenidas Novas

Estimated annual deductions on a €23,147 salary in Avenidas Novas, Lisbon (local employee).

Income Tax
20%
Social Security
11.0%
Total Deductions: 31.3%
Est. Take-Home: €15,901/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Avenidas Novas would need to be elsewhere:

City Currency Equivalent
New York USD $27,300
London GBP £23,494
Dubai AED AED 136,603

Other Neighborhoods in Lisbon

Neighborhood COLI Multiplier vs Avg
Chiado 44.4 1.28x +28%
Príncipe Real 43.4 1.25x +25%
Bairro Alto 39.9 1.15x +15%
Estrela / Lapa 38.9 1.12x +12%
Alfama 38.2 1.10x +10%

View all 20 neighborhoods in Lisbon →

Convert Your Salary

See exactly what you need to earn in Avenidas Novas, Lisbon to maintain your lifestyle.

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Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Avenidas Novas:

Juárez, Mexico City Punta Gorda, Montevideo Centro (5th Avenue), Playa del Carmen Bačvice, Split Surin, Phuket La Seu, Valencia

Frequently Asked Questions

Is Avenidas Novas expensive in Lisbon?

Avenidas Novas is near the city average for Lisbon. Costs are about +5% vs the average, making it a mid-range neighborhood.

How does Avenidas Novas compare to the Lisbon average?

The cost of living in Avenidas Novas is above the Lisbon average. With a multiplier of 1.05x, everyday expenses including rent, food, and transportation are +5% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.