Is it expensive to live in Madeira? Madeira in general isn't an expensive place to live. Housing, transport, and food are quite affordable for expats staying in Madeira longer term. On the other hand, if you're staying in Madeira short term (less than 6 months) then housing and renting cars can be quite expensive.
The average standard of living tends to be a bit lower than in mainland Portugal, and the local autonomous government gives generous subsidies coming from the tourist industry revenues and from the Portuguese national budget. Go where the locals go and everything will be cheap.
Climate: Madeira enjoys a subtropical climate, characterized by mild temperatures throughout the year. The island experiences warm summers and mild winters, making it an appealing destination for those seeking a pleasant and comfortable climate.
It all started on Madeira Island, known around the world as the “Pearl of the Atlantic” for its green landscape, pleasant climate and unique seaside conditions, which make the island the ideal environment for growing one of the most sought-after fruits in the country: the Madeira Banana.
The official language spoken in the Madeira archipelago is Portuguese, but a majority of the local population is proficient in English, especially in the more tourist-heavy spots.
Madeira is the perfect destination for expats looking for a relaxed and welcoming lifestyle. The island has a low crime rate, excellent healthcare, and a strong sense of community. The cost of living in Madeira is also very affordable, making it an attractive option for those looking to stretch their budget.
For EU- Citizens, EEA Citizens and Swiss CitizensEuropean Citizens can live in Madeira Island for a period of up to 3 months without registering their residence with local authorities. After this period (3 months), European citizen have a period of 30 days to register, which they will obtain a certificate.
Choosing to buy or rent a property in Madeira Island and moving for retirement, is absolutely the best choice. In Madeira you can enjoy not only one of the best climates in the world and almost the most hours of sunshine in Europe, but also good health services and favorable tax climate for retirees.
The International Business Center of Madeira (IBCM) or Madeira International Business Centre (MIBC), formally known as the Madeira Free Trade Zone, is a set of tax benefits authorised by Decree-Law 500/80 in 1980, legislated in 1986, and amended throughout the years by the Portuguese government to favor the Autonomous ...
For them the island has everything: safe towns and cities, good food, happy people. The locals themselves confirm this. “It's hard to be sad when the sun is shining... very few people in Madeira are depressed,” says Peter, our high-energy canyoning guide from Epic Madeira.
Madeira is located on the eastern coast of Atlantic Ocean, about 600 km distant from Maroko and 1000 km from Portugal. Even though Madeira is closer to Africa than it is to Europe, it belongs to Portugal as one of its two autonomous regions.