Regional differences in IQ and per capita incomes are presented for five regions of Portugal: North, North Central, Lisbon-Central, Lisbon-Suburb, and South. Regional IQs were calculated from a representative sample of 4548 Portuguese school students from 5th to 12th grades. The average IQ and average incomes are highest in Central Lisbon. The results show a positive association between IQs and average regional incomes, as it has been observed in other countries