The cost of living in Portugal: tips for saving money

The affordable cost of living in Portugal is one of the reasons why this destination is so attractive to retirees and young entrepreneurs. If you're planning to expatriate there to conduct your business, this article provides information on the subject. Discover tips for managing your budget and finding the best deals.

Accommodation: Where and how to find a good deal

Wherever you live, housing is often the biggest expense. This is no exception in Portugal. That said, it's worth noting that prices can vary considerably depending on the city and type of accommodation. Lisbon and Porto, the two largest cities, have the highest rents. 

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If you're looking for low rents, you'll want to consider the outskirts of these cities, or consider living in smaller towns. To find your rent quickly, use online ad sites. But don't forget to ask for your NIF Portugal beforehand, as you won't be able to sign a contract without it. More info on this specialised site. 

Food: enjoy local produce

Food in Portugal is also relatively inexpensive, especially if you buy local and seasonal produce. If you're in Lisbon, local markets like the Mercado da Ribeira offer fresh fruit, vegetables, meat and fish at very competitive prices. 

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For a reasonable monthly food budget, you should expect to spend around €200-300 per person. Supermarkets such as Pingo Doce, Continente and Lidl also offer affordable products. 

Transport: getting around without breaking the bank

Portugal has a well-developed and inexpensive public transport network. So even if you don't have a car, you'll be able to get around fairly easily between neighborhoods and towns. 

A monthly pass for public transport in Lisbon or Porto costs around 40 euros. Individual journeys are also affordable, with metro and bus tickets starting at 1.50 euros. For intercity travel, trains and buses are economical options.