Portugal: The Worlds #1 Retirement Haven FREE Report

PORTUGAL: WORLDS #1 RETIREMENT HAVEN






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    LIVE AND INVEST IN PORTUGAL
    View of a bridge in Portugal
    WORLD’S #1 RETIREMENT HAVEN
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      Ferragudo, Portugal

      Ferragudo, Portugal: A Picturesque Town In The Algarve

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      Streets of Ferragudo
      Adobe Stock/Roman Ekiert

      Ferragudo, Portugal: A Picturesque Town In The Algarve

      Ferragudo, Portugal, is an interesting choice for expats. For instance, the minimum monthly wage in Portugal is 820 euros. That puts things into context. Rent, groceries… everything, really, is very affordable.

      Portugal is our long-reigning queen, having dominated the top or runner-up spots for about a decade now, and 2024 was no different. It’s hard to knock a country with so much going for it from the winner’s podium…

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      Cost Of Living In Ferragudo (The Algarve), Portugal

      Blue skies in Algarve, Portugal. View of the Castle of Ferragudo
      Adobe Stock/Francisco Javier Gil

      Ferragudo, Portugal, is directly across the Arade River from Portimão. Also, it’s mostly visited on a day trip from Carvoeiro and Praia da Rocha.

      Most importantly, it’s a family-friendly destination, with beaches divided by a 17th-century castle.

      Apartment Or House Ownership Budget (For A Couple) In Ferragudo

       
      Expense Monthly Costs Notes
      Mortgage €550 Average; hard to quantify.
      HOA Fees €100
      Property Taxes €50
      Transportation €275 Driving your own car, including insurance (€50 for a tank of gas).
      Gas €50 For heating and cooking.
      Electricity €85 Including air conditioning.
      Water €25 Not including a swimming pool.
      Cell Phone €20 Monthly cost for basic cell phone plan.
      Internet €35 Includes TV channels.
      Cable TV
      Household Help €80 For two hours of cleaning per week.
      Entertainment €510 Monthly cost cost for eating out twice a week: €420 (€22.50 to €30 per meal).
      Monthly cost for drinks twice a week: €60 (€1.50 for a beer; €5.50 for a bottle of wine).
      Movie theatre trip twice a month: €30 (€7.50 per ticket).
      Groceries €400 Monthly grocery haul for a couple.
      Gym Membership €80 Basic membership two people.
      Medical Appointment €70 Cost of one appointment (private clinic).
      TOTAL €2,330

      Apartment Or House Rental Budget (For A Couple)

       
      Expense Monthly Costs Notes
      Rent €850 Cost of an apartment (70 square meters, two-bed/two-bath) in a desirable location.
      Transportation €275 Driving your own car, including insurance (€50 for a tank of gas).
      Gas €50 For heating and cooking.
      Electricity €85 Including air conditioning.
      Water €25 Not including a swimming pool.
      Cell Phone €20 Monthly cost for basic cell phone plan.
      Internet €35 Includes TV channels.
      Cable TV
      Household Help €80 For two hours of cleaning per week.
      Entertainment €510 Monthly cost for eating out twice a week: €420 (€22.50 to €30 per meal).
      Monthly cost for drinks twice a week: €60 (€1.50 for a beer; €5.50 for a bottle of wine).
      Movie theatre trip twice a month: €30 (€7.50 per ticket).
      Groceries €400 Monthly grocery haul for a couple.
      Gym Membership €80 Basic membership two people.
      Medical Appointment €70 Cost of one appointment (private clinic).
      TOTAL €2,480

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

       
      Expense Monthly Costs Notes
      Rent €500 Cost of an apartment (one-bed/one-bath) in the cheapest part of town.
      Transportation €80 Monthly bus ticket.
      Gas €35
      Electricity €65
      Water €25
      Cell Phone €20
      Internet €35
      Cable TV
      Entertainment €200 Monthly cost for eating out twice a week: €50 (€12.50 per meal).
      Groceries €260 All local-brand items only, shopping at markets and grocery stores.
      Medical Appointment €5.50 Cost of one appointment (public health center).
      TOTAL €1,225.50
      Check currency conversion at today’s exchange rate.

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      Ferragudo, Portugal- FAQs

      The transfer from Faro to Ferragudo is 67 kilometers long and takes close to 65 minutes.

      Ferragudo, Portugal, is a charming fishing village known for its whitewashed homes, vibrant flowers, winding hillside streets, and delightful little boats.

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