Cost of life in Portugal. What can be your monthly budget in Lisbon?

Portugal has become an increasingly popular destination for expatriates and retirees, thanks to its stunning landscapes, rich culture, and relatively affordable cost of living compared to many Western European countries. However, it’s essential to have a clear understanding of the actual costs involved in living in Portugal. In this article, we will explore the cost of life in Portugal, supported by real facts and figures from reputable sources.

Accommodation Cost in Lisbon

One of the most significant expenses for anyone living in Portugal is housing. The cost of accommodation varies greatly depending on the region.

Lisbon and Porto tend to be more expensive, with average monthly rents for a one-bedroom apartment ranging from €700 to €1,200. In contrast, smaller cities and rural areas offer more affordable options, with rents averaging around €400 to €800 per month.

Utilities cost in Portugal Big cities

Utilities in Portugal are reasonably priced. On average, monthly bills for basic utilities like electricity, heating, cooling, water, and garbage for a 85m2 apartment are around €100 to €150. Internet and mobile phone plans are also affordable, with prices starting from €20 to €40 per month.

Transportation, Traveling cost in Lisbon

Portugal offers an excellent public transportation system, making it easy and cost-effective to get around. A monthly public transportation pass in Lisbon or Porto costs approximately €35 to €45. Fuel prices are relatively high, with gasoline averaging around €1.50 per liter. Owning a car can be expensive due to taxes and tolls.

Food and Groceries Price in Portugal

The cost of food in Portugal is generally reasonable. A basic meal at an inexpensive restaurant costs around €8 to €12, while dining at mid-range restaurants can cost between €20 to €30 per person. Grocery shopping is affordable, with a monthly bill for a single person estimated at around €150 to €200. 

Health Facilities and Doctors Prices in Portugal

Portugal boasts a high-quality healthcare system. Expats can access public healthcare services by paying into the national social security system. The cost varies based on income but is generally affordable. Private health insurance plans are also available and can cost around €50 to €100 per month, depending on coverage and age.

Cost for Study in Portugal

For those with children, education costs are important to consider. Public schools in Portugal are free for residents, and private schools have varying tuition fees. International schools can be more expensive, with annual fees ranging from €6,000 to €18,000.

Portugal offers a reasonably affordable cost of living, making it an attractive destination for expatriates and retirees. While the costs can vary significantly depending on your lifestyle and location within the country, the overall affordability of housing, utilities, transportation, and healthcare make Portugal an appealing choice.

Keep in mind that these figures are based on averages and can fluctuate over time, so it’s crucial to do thorough research and budgeting before making the move to Portugal.