Western Algarve, Portugal

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The Picturesque Western Algarve

The Cost Of Living In The Western 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 €67 to €100 This can range from €0 to €100 depending on the unit size and value as well as property amenities.
Property Taxes €42 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 €50 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 €27 to €30 Including water, sewage, garbage collection, and community landscaping provided by Tavira Verde.
Cell Phone €35
Internet €55 Package with internet and cable TV.
Cable TV Included in internet fee.
Household Help €300 Two five-hour visits, twice a week monthly. The standard rate is €7.50 per hour.
Entertainment €398 Eating out twice a week at a mid-range, local restaurant: €40 per couple per meal out.
Local drinks twice a week at a nearby watering hole: €20 (€1.50 for a beer; €2.50 for a glass of wine; €12 for a bottle of wine).
Movie theater trip twice a month: tickets €3.50 per person.
Groceries €320 to €400
Gym Membership €50 Rolling membership at Hitio Gym or pilates classes twice a week.
Medical Appointment €4.50 to €75 Basic clinic/GP visit using National Centro de Saude: €4.50 (€3.50 for prescription).
Private appointment without insurance: €50 to €70.
TOTAL €1,511.50 to €1,698

Apartment Or House Rental Budget (For A Couple)

 
Expense Monthly Costs Notes
Rent €470 to €800 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 €50 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 €27 to €30 Including water, sewage, garbage collection, and community landscaping provided by Tavira Verde.
Cell Phone €35
Internet €55 Package with internet and cable TV.
Cable TV Included in internet fee.
Household Help €300 For bi-monthly, four-hour visits. The standard rate is €7 per hour.
Entertainment €398 Eating out twice a week at a mid-range, local restaurant: €40 per couple per meal out.
Local drinks twice a week at a nearby watering hole: €20 (€1.50 for a beer; €2.50 for a glass of wine; €12 for a bottle of wine).
Movie theater trip twice a month: tickets €3.50 per person.
Groceries €320 to €400
Gym Membership €50 Rolling membership at Hitio Gym or pilates classes twice a week.
Medical Appointment €4.50 to €75 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 €1,872.50 to €2,356

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

 
Expense Monthly Costs Notes
Rent €400 Cheapest part of town; basic one-bedroom rental.
Transportation €40 Bus ticket: €4 to €5; monthly pass: €40.
Gas €35 to €40 For cooking and hot water.
Electricity €65 More if using heating or air conditioning.
Water €27 to €30 Including washing machine use.
Cell Phone €7.99 Cell phone service for one phone with a pre-existing number with MEO.
Internet €78 TVMucho annual subscription; Wi-Fi but no cable; internet TV only.
Cable TV
Entertainment €204 Two “prato do dia” lunches for two per week; walking in the park or beach is free.
Groceries €70 All local-brand items only, shopping at markets and grocery stores.
TOTAL €926.99 to €934.99

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

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