Last updated on 06-Sep-2023
Since we started doing our research a few years ago, we have been accessing and sharing information on online forums and groups, connecting with some expats who lived or live in Portugal + others who are in the process of (or interested in) making the move.
People often ask about the cost of living in Portugal, so we decided to share our numbers. We’ve been tracking our expenses and thought the costs may be of interest to others, as budgeting for the new life is a very important part of the planning process. Another question we get asked a lot is about how to find a property to rent, so I’ve written a post on this topic as well.
EDIT: The rental/lease market is very hot in many areas, and the process may be much more competitive and difficult in some cities.
So, here are our basic monthly expenses for 2022, by category.
Note 1: We are a coupleover 45 with no kids, so these numbers are for two adults. ALL costs in EUROS €.
Note 2: Rental costs can vary a lot according to the location, size, condition, and amenities of the property. We prefer newer construction.
We currently live in a neighbourhood just north of Lisbon proper (Colinas do Cruzeiro), still in the metropolitan area but in another city (Odivelas). This apartment came furnished, has 2 bedrooms and 2 bathrooms, terrace + balcony, in a modern building with 2 elevators, heating and air conditioning + great access to restaurants, shops, services.
* UPDATE: We purchased a property (comparable unit size and profile) in the same neighbourhood we were living in and moved at the end of July. As of August 1, we no longer have rental expenses. Our monthly condo fee is €60.72
Note 3: As residents, we qualify for public healthcare in Portugal, and so far it has worked well. We haven’t purchased private health insurance here, although we have signed up for this FREE plan.
Note 4: We are listing only the basic expenses because other categories (e.g. clothing, cosmetics, entertainment, travel, etc.), are discretionary and subject to personal preferences, shopping habits, and the income available. In that sense, however much you spend on these items now (converted to €) can be your baseline, if you want to keep a comparable standard.
Note 5: For reference regarding transportation, a monthly pass for unlimited travel in Lisbon (city) by subway/tram/bus costs €30 per person. The pass for unlimited access to the system in Lisbon and the surrounding metropolitan area costs €40.
Note 6: Some expenses like gasoline, utilities, groceries and eating out locally may vary a lot for months when we go on trips (we track travel expenses separately). Also, sometimes we have a couple of months of estimated utility costs until we send an actual reading and get the adjustment on the next bill.
We’ll update this page monthly so that you can see the numbers in the longer run. If you have any questions or feedback, drop them in the comments below. Thanks for visiting!
These are for general reference only. Other people may choose to spend more or less on these items.
Expenses 2022 = in euros €
|Rent||1150.00||1150.00||1150.00||1150.00||1150.00||1150.00||1150.00||(*) see note 2|
|Two Cellphones + Home Internet + Cable||74.79||74.79||75.92||77.29||75.06||80.03||74.79||76.25||76.46||74.80||142.28||76.30|
|Electricity + Gas||86.83||118.32||124.95||103.01||93.24||88.82||94.31||91.63||93.55||153.38||103.52||100.76|
|Groceries (includes wine and beer)||227.40||300.03||228.81||256.59||208.63||267.95||190.60||359.48||211.76||130.73||282.81||509.64|
|Dining out/Take away/Food delivery||355.18||214.29||497.77||279.11||560.19||159.78||492.45||297.96||324.65||600.25||361.49||294.98|
|House cleaning (per visit)||30.00||30.00||40.00||40.00||40.00||40.00||40.00||40.00||40.00||40.00||40.00||40.00|