Where is the cheapest place to retire in Portugal?

The Algarve The 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.



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Vila Real de Santo António is a small coastal town located in the Algarve, Portugal. The costs of living here is €1,196 per month, making it one of the cheapest place to live in Portugal if you want an affordable lifestyle. Unemployment is also low, at less than 6%.

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Portugal is the best European country for retirement based on cost of living, healthcare and more. Moving to Spain found that the No. 1 best country in Europe to retire is Portugal.

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Some cons of retiring in Portugal include the slow pace of life, which doesn't suit everyone, bureaucracy and long waiting times, the need to carry cash, no central heating, and relatively low salaries compared to other European countries.

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