Portugal is a popular destination for expats due to its high quality of life, affordable cost of living, and pleasant climate. Here are some key things to keep in mind as an expat living in Portugal:
Wages and Salary in Portugal
The average wage in Portugal varies depending on the industry and region. The minimum wage is €665 per month as of 2021. The average monthly salary in Portugal is around €1,200.
Housing Costs in Portugal
The cost of housing in Portugal varies depending on the location and type of property. Lisbon and Porto are more expensive than other cities, and coastal areas are generally more expensive than inland areas. Rent for a one-bedroom apartment can range from €400 to €800 per month, while a three-bedroom apartment can range from €800 to €1,500 per month. The cost of buying property in Portugal also varies depending on location and type of property.
Cost of Domestic Bills in Portugal
The cost of domestic bills in Portugal is relatively low compared to other European countries. Utility bills (electricity, water, gas, and garbage) for a typical two-person apartment cost around €100-€150 per month.
Healthcare Costs in Portugal
Portugal has a public healthcare system that provides free or low-cost medical care to residents. Expats who contribute to the social security system are also entitled to use the public healthcare system. Private healthcare is available for those who can afford it.
Childcare Costs in Portugal
Childcare costs in Portugal vary depending on the type of childcare and the age of the child. Public daycare centers are available and cost around €100-€200 per month. Private childcare centers are more expensive, with costs ranging from €300-€500 per month.
Study Costs in Portugal
Tuition fees at Portuguese universities are relatively low compared to other European countries. The cost of studying at a public university is around €1,000 per year, while the cost of studying at a private university can be much higher.
The Cost of Food and Drink in Portugal
The cost of food and drink in Portugal is generally affordable. Eating out at a local restaurant can cost between €8 and €15 per person for a meal, while a beer or glass of wine at a bar can cost around €2-€3.
Transport Costs in Portugal
The cost of transport in Portugal is also affordable. Public transportation is widely available and cost-effective, with a single trip on the metro or bus costing around €1.50. Taxis are also relatively cheap, with a short trip costing around €5-€10.
Leisure Activities in Portugal
Portugal offers a variety of leisure activities, including hiking, surfing, and cultural events. The cost of leisure activities varies depending on the activity and location, but many activities are affordable or even free.
Taxation and Social Security in Portugal
Portugal has a progressive income tax system with rates ranging from 14.5% to 48%. Social security contributions are also deducted from employees’ salaries.
Assistance with Living Costs in Portugal
Expats who are struggling to make ends meet may be eligible for social welfare benefits. These benefits include housing and food subsidies, as well as financial assistance for healthcare costs. However, eligibility requirements are strict and benefits are only available to those who are in real need.