Comparison with London: Consumer prices in Funchal are 39.49% lower than in London (without rent). Rent Prices in Funchal are 63.96% lower than in London.
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Madeira in general isn't an expensive place to live. Housing, transport, and food are quite affordable for expats staying in Madeira longer term.
With both rent and restaurant prices being around 25% cheaper than in Lisbon, Funchal allows you to live your island dream without paying the more expensive prices of mainland Portugal.
Eating and Living WellThe cost of food is lower in Portugal because the average wage is lower than in places like the US. The typical worker in Portugal makes about €925 per month (based on 2019 figures). That works out to a little over $12,000/year.
I highly recommend going if you love nature, if you enjoy great food, a warm culture and breathtaking views at every turn. I stayed in the main Funchal, away from the tourist area. I didn't go to Madeira to be surrounded by other tourists taking photos of this or that.
You can easily pay €40 a head in Madeira. There are several fine dining restaurants where you can pay much more than that but you can have an evening meal in many (or perhaps even most) restaurants (with wine) typically for no more than €20 to €30 a head.
Average monthly temperaturesFor the highest temperatures the best time to visit Madeira is between August and September although the sub tropical climate offers sunshine throughout the year and winter months are equally popular with visitors.
Find the best dealsAirfare to Madeira Island (FNC) varies throughout the year based on seasonal demand. You'll see the lowest rates for roundtrips to FNC in December and in December for one-ways.
Delicious dishes in Madeira include espetada, a beef brochette; battered black scabbard fish, which is similar to sword fish; bolo do caco, bread with butter and garlic; grilled limpets; and bolo de mel, a dense sponge cake with nuts and spices.
Portuguese is the official language in Madeira. It is worth picking up a few key phrases if you want to be polite, such as 'please', 'thank you,' etcetera, although English is widely spoken in tourist areas. People who have visited the Portuguese mainland may notice a thicker accent in Madeira.
Madeira is a pretty small island, and so luckily you don't need very long to see all of the incredible things that this destination has to offer. If you're looking to experience the must-dos then a short four-day break would be fine. However, a week is the perfect amount of time to really make the most of the island.
“Madeira Safe to Discover”As we mentioned above, among the main reasons Madeira was included in the European Best Destination's list of the safest 2021 travel destinations in Europe is the impressive effectiveness of the strict sanitary measures the islands has adopted.
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.