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Eastern Algarve, Portugal

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Quaint Life In The Eastern Algarve

The Cost Of Living In The Eastern Algarve, Portugal

Apartment Or House Ownership Budget (For A Couple)

 
Expense Monthly Costs Notes
Mortgage 3% to 4% It’s difficult to get a mortgage unless you deposit comparable funds in a Portuguese bank account.
HOA Fees €34 This can range from €0 to €100 depending on the unit size and value as well as property amenities.
Property Taxes €37.5 About €450 annually. If over 1.2 million euros, the cost is 3%. If you purchase a small unit, the value of that unit may qualify for a special program that waives property taxes for the first three years of ownership. Ask your real estate lawyer if you qualify.
Transportation €70 New cars range from €14,000 and up. Extensive coverage car insurance ranges from €350 per year and up.
Gas €10 to €12 Using a water heater.
Electricity €100 With heating and air conditioning in each room, plus costs for appliance-use and cooking. These figures are based on a 125-square-meter, ground-floor, condo apartment built in 2007 with a B+ energy rating. Heating and air conditioning costs will be affected by your energy rating.
Water €50 Including water, sewage, garbage collection, and community landscaping provided by Tavira Verde.
Cell Phone Included in internet bill.
Internet €85 MEO brand bundle includes service for two cell phones, plus basic HG cable TV with music channels, Portuguese, English, French, and German programming, and high-speed, fibre-optic Wi-Fi.
Cable TV Included in internet fee.
Household Help €40 For bi-monthly, four-hour visits. The standard rate is €7 per hour.
Entertainment €434 Eating out twice a week at a mid-range, local restaurant: €60 to €70.
Local drinks twice a week at a nearby watering hole: €20 (€8 to €10 for a bottle of wine; €3 for a beer).
Movie theater trip twice a month: €36 (€6.50 each for seniors, plus snacks).
Groceries €160
Gym Membership €70 Rolling membership at Hitio Gym or pilates classes twice a week.
Medical Appointment €30 Cost for private GP and medical specialist visit at Taviclinica. Dental check-up/cleaning at Ecodenta is €60.
National Health System charges tax only on visits (€4) and basic tests (upwards from €10). However, no dental or specialist services are available at the local health center.
TOTAL €1,120.50 to €1,122.50

Apartment Or House Rental Budget (For A Couple)

 
Expense Monthly Costs Notes
Rent €500 to €600 One-bedroom, unfurnished apartment in the city center: €500.
Two-bedroom, unfurnished apartment in city center: €600.
Three-bedroom apartment in a modern urbanization (with a parking garage) in walking distance to downtown: €800
Transportation €70
Gas €10 to €12 Using a water heater.
Electricity €100 With heating and air conditioning in each room, plus costs for appliance-use and cooking. These figures are based on a 125-square-meter, ground-floor, condo apartment built in 2007 with a B+ energy rating. Heating and air conditioning costs will be affected by your energy rating.
Water €50 Including water, sewage, garbage collection, and community landscaping provided by Tavira Verde.
Cell Phone Included in internet bill.
Internet €65 MEO brand bundle includes service for two cell phones, plus basic HG cable TV with music channels, Portuguese, English, French, and German programming, and high-speed, fibre-optic Wi-Fi.
Cable TV Included in internet fee.
Household Help €40 For two-hour visits, every other week. The standard rate is €7 per hour.
Entertainment €434 Eating out twice a week at a mid-range, local restaurant: €60 to €70.
Local drinks twice a week at a nearby watering hole: €20 (€8 to €10 for a bottle of wine; €3 for a beer).
Movie theater trip twice a month: €36 (€6.50 each for seniors, plus snacks).
Groceries €160
Gym Membership €70 Rolling membership at Hitio Gym or pilates classes twice a week.
Medical Appointment €30 Cost for private GP and medical specialist visit at Taviclinica. Dental check-up/cleaning at Ecodenta is €60.
National Health System charges tax only on visits (€4) and basic tests (upwards from €10). However, no dental or specialist services are available at the local health center.
TOTAL €1,529 to €1,631

Penny-Pincher’s Budget (Bare Minimum Costs, For A Couple)

 
Expense Monthly Costs Notes
Rent €350 Cheapest part of town; basic one-bedroom rental.
Public Transportation €60
Gas €10 Only using a water heater.
Electricity €70 Including electric heating but not air conditioning, clothes dryer, or dishwasher use.
Water €30 Including washing machine use.
Cell Phone
Internet €42 Most basic internet package bundled with cable TV and cell phone.
Cable TV
Entertainment €175 Including eating out for lunch twice a week (€20) and for dinner twice a week (€40).
Groceries €160 All local-brand items only, shopping at markets and grocery stores.
TOTAL €897

Click here for currency conversions at today’s exchange rates.

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