Portugal is a popular destination for expats and retirees alike, thanks to its warm climate, affordable cost of living, and high quality of life. But just how affordable is Portugal? This article will provide a detailed breakdown of the cost of living in Portugal, including housing, food, transportation, utilities, and other expenses.
Housing
Housing is the biggest expense for most people living in Portugal. The average rent for a one-bedroom apartment in Lisbon, the capital city, is around €600 per month. Outside of Lisbon, rents are typically lower. For example, the average rent for a one-bedroom apartment in Porto, the second largest city in Portugal, is around €450 per month.
If you are looking to buy a home in Portugal, prices vary depending on the location and type of property. For example, the average price of a square meter of housing in Lisbon is around €3,500. In Porto, the average price of a square meter of housing is around €2,500.
Food
Food is relatively affordable in Portugal. A typical meal at a restaurant costs around €10-15 per person. Groceries are also reasonably priced. For example, a loaf of bread costs around €0.50, a dozen eggs costs around €1.50, and a liter of milk costs around €0.80.
Transportation
Public transportation in Portugal is very affordable. A monthly pass for the Lisbon metro costs around €35. A single ticket on the metro costs around €1.90. Outside of Lisbon, public transportation is even more affordable. For example, a monthly pass for the Porto metro costs around €20. A single ticket on the metro costs around €1.50.
If you own a car, the cost of gas and car insurance is relatively low. A liter of gas costs around €1.50. Car insurance costs around €50 per month.
Utilities
Utilities in Portugal are also very affordable. A typical monthly electricity bill for a one-bedroom apartment is around €30. A typical monthly water bill for a one-bedroom apartment is around €10.
Other expenses
Other common expenses in Portugal include:
- Internet and phone: A typical monthly internet and phone bill costs around €30.
- Cell phone: A typical monthly cell phone bill costs around €20.
- Gym membership: A typical monthly gym membership costs around €30.
- Entertainment: The cost of entertainment varies depending on your interests, but it is generally affordable. For example, a movie ticket costs around €7 and a beer at a bar costs around €2.
Total cost of living
The total cost of living in Portugal varies depending on your lifestyle and spending habits. However, as a general rule of thumb, you can expect to spend around €1,500-2,000 per month on living expenses if you live in a major city like Lisbon or Porto. If you live outside of a major city, you can expect to spend around €1,000-1,500 per month on living expenses.
Saving money in Portugal
There are a number of ways to save money in Portugal, including:
- Cook at home: Eating out can be expensive, so cooking at home is a great way to save money.
- Use public transportation: Public transportation is very affordable in Portugal, so it is a great way to get around and save money on gas and parking.
- Take advantage of free activities: There are a number of free activities available in Portugal, such as visiting museums, parks, and beaches.
- Shop around for deals: There are a number of ways to find deals on groceries, clothing, and other expenses in Portugal. For example, you can shop at discount stores, compare prices online, and look for coupons and discounts.
Portugal is a very affordable country to live in. With a little planning, you can easily live comfortably in Portugal on a modest budget.
