Have you ever wondered if living in Portugal could be more affordable than in the USA?
Let’s take a closer look at the costs of living in Portugal vs. USA!
- Overall Affordability:
Portugal generally boasts a lower cost of living compared to the USA, offering a balance between affordability and an exceptional quality of life. The relaxed pace of life, warm climate, and safety make it a top choice for expats and retirees alike. - Housing:
- In Portugal, rental prices are significantly lower. For instance:
- A one-bedroom apartment in Lisbon or Porto might cost €1000–€1,300/month, while a similar apartment in New York City or San Francisco could cost upwards of $3,000–$4,000/month.
- Smaller towns and rural areas in Portugal offer even cheaper options, often under €500/month.
- Additionally, purchasing property in Portugal is often more affordable, with competitive pricing for homes in charming neighborhoods or countryside locations.
- Groceries and Dining:
- Fresh, local produce is abundant in Portugal, and grocery bills tend to be lighter. A basket of essentials like bread, milk, and vegetables might cost €30–€40 per week.
- Dining out is a treat, with delicious meals often costing €10–€15 per person at a typical restaurant. Compare that to the $20–$40 you’d spend for a similar meal in the USA!
- Healthcare:
- Portugal’s healthcare system is a standout feature.
- The public healthcare system (Serviço Nacional de Saúde) provides quality care, with significantly lower costs for consultations and treatments compared to the USA.
- Private healthcare is also affordable, and many expats opt for private insurance, often costing €40–€100/month.
- In contrast, the average American spends over $400/month on health insurance alone!
- Transportation:
- Portugal’s public transportation system is efficient and budget-friendly:
- Monthly passes for buses, trams, and trains in cities like Lisbon or Porto are typically around €30–€50.
- Taxis and rideshare services are also more affordable, and many enjoy the scenic railways for intercity travel.
- For car owners, fuel and toll prices are generally higher than in the USA, but the shorter distances make up for it.
Lifestyle Perks:
- Portugal is known for its rich culture, stunning coastline, and welcoming communities.
- The visa options, such as the D7 visa, make it easier for retirees or remote workers to move and live comfortably with income from abroad.
If you’re earning in US dollars and living in Portugal, you can stretch your money further while enjoying a high quality of life.
Curious about making the move? Now might be the perfect time to explore all Portugal has to offer!
