Cost Of Living In Portugal

A lively country, Portugal has been home to many expats and foreigners alike. The primary reason for many people moving and settling in Portugal is due to its ideal living cost. Living costs are based on many factors and cover the primary portion of food, home, healthcare, utensils, education, and transportation. In the following read, we will be breaking down all these elements and what costs they come at for people living or planning to begin living in Portugal. 

Benefits of Moving to Portugal

Portugal is not all about a holiday destination but a place where you can find the actual meaning of a happy life. And you can expect a lot of spectacular options when you move to Portugal. 

·         Quality Life

Portugal is known for its pleasant climate and atmosphere. With beautiful beaches and landscapes, it provides a splendid quality of life.

·         Low Cost of Living

An affordable lifestyle is one of the best trademarks of Portugal. This is why expats love and enjoy living in Portugal since living there does not force them to break the bank.

·         Atmosphere and Environment 

Regarded as one of the safest places in the world., Portugal offers its residents the best environment to thrive. Also being one of the safest countries in the world, you can enjoy a comfortable life here.

·         Citizenship 

Portugal offers residential options and freedom to its expats. It further improves the pathways to citizenship alongside its Golden Visa program with other immigration sources. 

·         Education and Healthcare 

For families and retirees, good education and affordable and quality healthcare is essential. Thanks to Portugal, it is all an accessible reality with ease.

·         Exploration Opportunities 

Given Portugal's geographical location, it sets you at the perfect place to begin further exploration into other countries and cities of Europe.

1.     Housing

A house, or simply put a shelter, is the primary requirement for everyone. Having a proper and adequate place to live serves as the stepping stone for any activity. Though the cost of living in Portugal is low and for this it finds importance, the general world scenarios apply here as well. For example, rents in major cities are higher compared to smaller cities. 

Also, the locations of properties also play a part in the overall rental cost. An apartment in the city-center in Lisbon may cost you between $1,000 to $1,300 depending upon size and bedrooms. In contrast, a good or adequate apartment in a smaller city or quaint village can come at around $450 monthly. 

2.     Food

Having easiness to locate, find, and access different grocery and retail stores is of great importance. Portugal thrives and shines with all such options in all of its cities. The largest retail superstore chain is Continente which has about 500 retail stores all across Portugal. Some other popular and widespread retail chains include:

• Pingo Doce
• Inter Marche
• Spar
• Mini Preco 
• Auchan 
• Lidl
• Aldi 

Each town and village alike in Portugal is filled with a wide variety of small grocery stores. The best thing about them is their constantly filled staples so everyone can easily access their required products. Such easiness ensures people appreciate the living friendliness on offer in Portugal. 

3.     Transportation 

Good roads and properly maintained highways are only one aspect of a good transportation network. Portugal provides good transportation facilities for people so they can easily navigate to their preferred destinations. Portugal has a good 36% average of hybrid registered cars. Though electric cars can be seen the growth is gradual. One thing that can be depicted from the percentage of registered hybrid cars is that there is a high cost of gasoline per barrel. 

For this, people in smaller cities make use of this perception to buy used and relatively newer model cars. Whereas people living in major cities promote the use of public transport. In comparison, a full-day pass in a city like Lisbon is around $6.8 and that in Porto is $7.3. Trains like Comboios take you from one end of Portugal to the other effectively and swiftly. Other transport options such as Uber and Bolt are also popular since they are inexpensive.

Why work with Portugal Residency Advisors?

• Local Expertise

We know Portugal. Due to our extensive local knowledge, we believe that concentrating our services in a single country destination is the best way to give you the most thorough and useful information. 

• Holistic Approach

One single channel of communication for the entire process. We provide you with a comprehensive service that covers all aspects of your move, from identifying the ideal residency visa to finding your new home or helping you to settle. 

• Transparent Service

We recommend what’s best for you based on an extensive process experience that saves time and money for clients. Our pricing is clear and competitive, and we don’t sell services that make us more money.

• Simple Process

Technology plays a very important role in our company. We minimize our clients’ involvement in paperwork. We are customers ourselves and we know how to serve you.

Frequently Asked Questions About Cost of Living in Portugal 

1. What costs of different health insurance plans in Portugal?

Healthcare plans come at the following costs:

• $30 for a family in their 40s
• $300 for a family in their 60s

2. On average, how much budget a family needs for a proper living in Portugal?

On average, a family needs to have at least $3,000 to completely cover them for a month.