Cost Of Living In Portugal

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What Is Real The Cost Of Living In Portugal?

Reviewed by Kathleen Peddicord

Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.


Lisbon, Portugal street perspective view with colorful traditional houses. iStock/Kisa_Markiza
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.

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

Cost of Living in PortugalMonthly Budget in EU€
Food (Groceries)€200
Electricity (750kwh avg.)€110
Water€32
Gas (Household)€15
Cable Television€100
Internet, Telephone€Included In Cable
Entertainment (Dining, Movies, Bars, Etc.)€300
Rent€550
Monthly total€1,307

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

These are estimates for Portugal in general. Better deals and budgets are to be found in more specific areas.

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