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Lisbon, Portugal

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Sunny and Sophisticated: Lisbon, Portugal

Sunny And Sophisticated: Lisbon, Portugal

Lisbon is blessed with warm, sunny weather year-round. There are few places in the world with its diverse qualities, from traditional sophistication to lively beaches, elegant apartments to new luxury condos. Lisbon has lifestyle options for all tastes and budgets. The city is home to one of Europe’s lowest crime rates and renowned for offering a high quality of life in a safe environment. Lisbon is still quite cheap and quiet when compared to most European capitals.

Living in Lisbon you benefit from being within two to three hours flight distance from all the major cities in Europe. Lisbon airport receives about 15 million passengers per year and provides daily flights from low-cost airlines like Ryanair and Easyjet. Plus at least 11 flights per week to the United States; TAP Portugal has daily direct flights to Newark (about eight-and-a-half hours) and direct flights about four times a week to Miami (about nine-and-a-half). Depending on the time of the year, the lowest prices you will find for direct flights to and from the United States usually run between 700 and 750 euros (airport taxes included). The city is equipped with a fantastic tube network that consists of four color-coded lines (blue, yellow, green, and red) that are served by 55 stations. This is undoubtedly the fastest and most tension-free way to get across the city. It’s also much cheaper than a taxi—3.50 euros is the starting rate in a cab—and takes a lot less time.

Lisbon’s cultural life is rich and busy. As a European capital, the city offers a diverse selection of concerts, theatre, art museums (with collections spanning several centuries), music festivals, and just about any other cultural activity you could think of.

Where To Live In Lisbon, Portugal

Alfama And Graça

The capital’s oldest and most typical neighborhoods. Famous for their narrow streets, and filled with restaurants, these neighborhoods are the stylistic heart and the soul of the city.

Lapa And Campo De Ourique

These are the most vibrant residential districts. With a range of shops, grocery stores, and small markets, these two neighborhoods are great if you want a real community feeling.

Entrecampos And Cidade Universitária

Perfect for students, this area is highly accessible with lots of affordable housing options. There are numerous public transportation outlets available nearby, as well as several small, modern buildings offering loads of cheap apartment opportunities

Parque Das Nações

This is the most sophisticated neighborhood in Lisbon and a wonderful place for walking and biking. Overlooking the Tagus River, this neighborhood is full of bars, restaurants, recreational areas, and a large shopping center.

Chiado And Príncipe Real

The most emblematic neighborhoods in town, Chiado and Príncipe Real are the liveliest districts and unquestionably the most highly sought neighborhoods to live in Lisbon.

The Cost Of Living In Lisbon, Portugal

You might be surprised to find out that you can live well in Portugal for less than your currently budgeting. The cost of living in Portugal is among the lowest in Western Europe, on average 30% lower than in any other country of the region. A retired couple could live here comfortably but modestly on a budget of as little as €1,100 or €1,200 per month. Right now, that’s only slightly more in dollar terms.

With a budget of €1,800 per month or more, you could enjoy a fully appointed lifestyle in the heart of Old Europe.

Apartment Or House Ownership Budget (For A Couple)

Edit
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 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 €63 New cars range from €14,000 and up. Extensive coverage car insurance ranges from €350 per year and up.
Gas €15 Using a water heater.
Electricity €110 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 €32 Including water, sewage, garbage collection, and community landscaping provided by Tavira Verde.
Cell Phone Included with cable package.
Internet Included with cable package.
Cable TV €100
Household Help €60 For bi-monthly, four-hour visits. The standard rate is €7 per hour.
Entertainment €300 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 €200
Gym Membership €35 Rolling membership at Hitio Gym or pilates classes twice a week.
Medical Appointment €50 to €80 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 €1,036.50 to €1,066.50

Apartment Or House Rental Budget (For A Couple)

Edit
Expense Monthly Costs Notes
Rent €550 One-bedroom, unfurnished apartment in the city center: €470.

Two-bedroom, unfurnished apartment in city center: €650.

Three-bedroom apartment in a modern urbanization (with a parking garage) in walking distance to downtown: €800.

Transportation €63 New cars range from €14,000 and up. Extensive coverage car insurance ranges from €350 per year and up.
Gas €15 Using a water heater.
Electricity €110 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. 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 €32 Including water, sewage, garbage collection, and community landscaping provided by Tavira Verde.
Cell Phone Included with cable package.
Internet Included with cable package.
Cable TV €100
Household Help €60 For bi-monthly, four-hour visits. The standard rate is €7 per hour.
Entertainment €300 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 €200
Gym Membership €35 Rolling membership at Hitio Gym or pilates classes twice a week.
Medical Appointment €50 to €80 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 €1,515 to €1,545

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

Edit
Expense Monthly Costs Notes
Rent €450 Cheapest part of town; basic one-bedroom rental.
Transportation €11 Monthly rate for a senior’s bus pass.
Gas €15 Only using a water heater.
Electricity €110 Including electric heating but not air conditioning, clothes dryer, or dishwasher use.
Water €32 Including washing machine use.
Cell Phone €7.99 Cell phone service for one phone with a pre-existing number with MEO.
Internet €26.99 Stand-alone internet fee (only available where fiber optic service is in place with MEO). Where no fiber optic service exists, a landline must be added for an additional €12.49 per month.
Cable TV €34.99 Most basic TV package with MEO.
Entertainment €240 Including eating out for lunch twice a week (€20) and for dinner twice a week (€40).
Groceries €60 All local-brand items only, shopping at markets and grocery stores.
TOTAL €987.97

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

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