Portugal: The Worlds #1 Retirement Haven FREE Report

PORTUGAL: WORLDS #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…

        Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

        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.

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          Table Of Contents

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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.
            Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

            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.

            Start Your New Overseas Life Today

            A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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              Table Of Contents

              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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