Singles should plan on a budget of about two thirds that of a couple. For some people the value of your social security benefit is enough to cover your costs of living.
This is mostly because of higher rents than in rural areas.
How much money do you need to live in portugal. Even without massive savings fueling you it s possible to retire comfortably in portugal. A couple s budget in lisbon starts at about 2 100 or 2 200 a month though you can of course spend more. There are no special requirements nor paperwork for foreigners wishing to buy property in portugal so you shouldn t have any issues.
How much money you need in portugal depends a lot on where you live. A couple owning their home can survive on a net income of as little as 1 000 per month many pensioners actually live on less and most can live quite comfortably on an income of around 2 000 per month excluding rent or mortgage payments. Summary of cost of living in portugal.
Family of four estimated monthly costs. If you re in a more urban area like lisbon or porto a couple will need at least 2 400 a month to get by comfortably. How much money you need to retire in portugal depends a lot on the town you d like to live in.
Yes you would live better than most especially if you re planning on living outside of lisbon. As mentioned above you can retire comfortably in portugal in a large city on an income of 1 400 per month or less. For 30 000 a year you ll live a fairly luxurious lifestyle.
A 15 000 annual budget should suffice if you re willing to live cheaply. If you are a national of a european union country iceland liechtenstein norway or switzerland and you remain in portugal for a period of more than three months you must request a registration certificate certificado de registo from the city council of your area of residence. But in smaller villages a couple could get by on as little as 1 400 per month.
Portugal is the cheapest country in western europe 18 out of 18 cost of living in portugal is more expensive than in 54 of countries in the world 35 out of 74. If you re in a city like lisbon or porto a couple will need at least 2 400 a month to live. In fact if you buy a home in portugal as a third country national you might be entitled to a golden visa which gives up to five years residency if the property is bought for over 500 000.
Even on a modest salary 18 000 to 20 000 a year will get you by. Other factors include how often you go out and what hobbies you enjoy. Including rent a couple can live comfortably in portugal s interior or in small cities from about 1 700 a month.
This document formalises your right to reside in portugal. Single person estimated monthly costs. Most people in portugal live on around 1000 including rent so only a few hundred euros to spend per month on food and other expenses.
You can estimate your benefit amount with this social security calculator.