Depending on your lifestyle, a couple should be able to get by with between $2,500 (€2,332) to $3,000 (€2,798) a month in Portugal outside the major cities. In major cities, particularly in the city center, expect to need a little more.
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In Coimbra or Braga a couple could live quite comfortably on that same budget of around $1,600 per month. Living in Lisbon, Porto, or trendy areas of the Algarve is going to cost more, but in other areas you can easily have a nice, cushy life for $2,000—add another $700+ to that for an equivalent Lisbon lifestyle.
Yes, if you live frugally, you should be able to live on $1000 a month in Portugal. However, it may not be possible if you live in Lisbon as costs are increasing, and rental costs are now quite high. If you want to live comfortably in the country, we would recommend €1,200.
The AlgarveThe main attraction for pensioners in Portugal is of course the stunning Algarve region on Portugal's southern coast. This region is filled with golden beaches and impressive cliffs and in recent years has been recognised as the 'most affordable option in Europe for retirees' by Forbes.
Faro, the capital of the Algarve region, is a great place to live on a budget in Portugal as one of the cheapest cities in the country. You can easily rent a room in a shared house for around 300 Euros a month. Being a small city surrounded by nature, and beautiful beaches, Faro offers a high quality of life.
The cost of seeing a general practitioner is usually less than 60 Euros. Basic dental cleaning starts at about 30 Euros. Visitors to Portugal are not covered under the country's public healthcare system and thus should carry their own private travel medical insurance.