Ferragudo, Portugal

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Ferragudo, Portugal: A Picturesque Town In The Algarve

Reviewed by Lief Simon

Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

Streets of Ferragudo Portugal
Adobe Stock/Roman Ekiert

In Ferragudo, Portugal, the minimum monthly wage 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

Apartment Or House Ownership Budget (For A Couple)

ExpenseMonthly CostsNotes
Mortgage€550Average; hard to quantify.
HOA Fees€100
Property Taxes€50
Transportation€275Driving your own car, including insurance (€50 for a tank of gas).
Gas€50For heating and cooking.
Electricity€85Including air conditioning.
Water€25Not including a swimming pool.
Cell Phone€20Monthly cost for basic cell phone plan.
Internet€35Includes TV channels.
Cable TV
Household Help€80For two hours of cleaning per week.
Entertainment€510Monthly 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€400Monthly grocery haul for a couple.
Gym Membership€80Basic membership two people.
Medical Appointment€70Cost of one appointment (private clinic).
TOTAL€2,330

Apartment Or House Rental Budget (For A Couple)

ExpenseMonthly CostsNotes
Rent€850Cost of an apartment (70 square meters, two-bed/two-bath) in a desirable location.
Transportation€275Driving your own car, including insurance (€50 for a tank of gas).
Gas€50For heating and cooking.
Electricity€85Including air conditioning.
Water€25Not including a swimming pool.
Cell Phone€20Monthly cost for basic cell phone plan.
Internet€35Includes TV channels.
Cable TV
Household Help€80For two hours of cleaning per week.
Entertainment€510Monthly 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€400Monthly grocery haul for a couple.
Gym Membership€80Basic membership two people.
Medical Appointment€70Cost of one appointment (private clinic).
TOTAL€2,480

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

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

Click here for currency conversion at today’s exchange rate.

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