What’s the cost of living in Portugal?

The cost of living in Portugal is probably the lowest in Europe, but on the other hand, the salary rate here is also among the lowest in Europe. Somebody coming from a more prosperous country or a person who is coming from a country with a strong currency will find Portugal to be incredibly cheap place in which to live, to rent a house, as well as for day to day living.

 

Compared to the UK, living in Portugal is probably half the cost but of course, the UK...

The cost of living in Portugal is probably the lowest in Europe, but on the other hand, the salary rate here is also among the lowest in Europe. Somebody coming from a more prosperous country or a person who is coming from a country with a strong currency will find Portugal to be incredibly cheap place in which to live, to rent a house, as well as for day to day living.

 

Compared to the UK, living in Portugal is probably half the cost but of course, the UK is not just London, which is relatively unrealistic from the rest of the UK. Compared to our neighbor, Spain, it is about 10% cheaper to live here in Portugal.

 

The cost to buy a 2,000 square foot house in Portugal would be around €200,000 (US $217,000 or £148,000) and up in the middle class area of Lisbon. The price changes depending on the area where you buy. If you are buying in the Algarve, the same house would cost around €250,000 (US $272,000 or £185,000). 

 

(The street, Rua Augusta, Lisbon, Portugal, pictured.)