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Portugal could be an excellent choice for those seeking a fulfilling lifestyle without worrying about burning a hole in their pockets. It has ranked among one of the most highly-coveted cities in the world for its lowest cost of living in all of Europe, with a side of balmy weather and vibrant culture.Â
Even though the cost of living in Portugal is considered one of the lowest, it is always advised to know the expenses before departing from your home country to plan better.Â
This article will primarily focus on the cost of living in Portugal.Â
Disclaimer: This article contains information gathered from online platforms as of September 2024. The sources are provided below.
In the recent past, Portugal has become one of the highly coveted destinations for international students. Below is a breakdown of the typical living costs for international students in Portugal.Â
Taking a sneak peek into Portugal’s average cost of living is the key to effective financial planning. Whether you’re single, a couple, or maybe someone who’s thinking of raising a family anytime soon – this table below will come in handy and help you plan your finances accordingly.Â
Here’s an overview of the average cost of living in the top cities of Portugal.Â
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The average cost of living in Lisbon is as follows:Â
The average cost of living in Porto is as follows:Â
The average cost of living in Braga is as follows:Â
The average monthly cost of living in Aveiro is as follows:
The monthly cost of living in Coimbra is as follows:
It’s always better to prepare yourself for what’s to come and consider a certain factor that may impact the cost of living in Portugal.
The cost of accommodation can be a key determining factor when considering a new location. However, the cost of living can differ widely depending on the location, with urban areas like Lisbon and Porto being more expensive than rural areas.
Personal expenses like dining out or indulging in leisure activities also play a crucial role in determining the cost of living in Portugal.
Rent is one of the biggest expenses and crucial factors to consider when evaluating the cost of living in Portugal, as it can make or break your standard of living.Â
Portugal’s public transport system is well-developed and affordable. However, owning a car can be expensive.
Basic utilities, including heating, would depend on the size of the property and how you use it.
As of 2025, the average income of Portugal’s monthly salary is 2750 Euros per month. However, the income needed to live comfortably in Portugal differs based on the city, location, and lifestyle:
If we compare Portugal to the US or other Western European nations, we can notice that the cost of living is significantly lower. Also, relatively cheaper transportation and dining expenses make Portugal an attractive choice for those seeking to settle down.
The following table compares the cost of living in Portugal with other major countries worldwide.
Here are some tips that can help you plan better financials and calculate the cost of living in Portugal based on your income.
With the lower cost of living, Portugal stands out as a budget-friendly destination for those seeking a higher standard of living with a slice of sublime natural beauty and cultural heritage. That’s why Portugal is an excellent place for expats, digital nomads, and retirees to settle down.
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