Together with the islands of Porto Santo and Desertas and the Selvagens—Madeira forms an autonomous region of the country of Portugal.
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The favorable climate of the island also contributed to the land thrive, and wheat production has become one of the greatest wealth of the island. This cereal was exported on a large scale for the Portuguese possessions on the African coast, giving thus the first cycle of Madeira economic history.
Madeira Island has numerous reasons why it stands out as an ideal retirement destination. Its year-round temperate climate, captivating natural beauty, and rich cultural heritage make it an irresistible choice for retirees seeking tranquillity and a high quality of life.
Many emigrated illegally to escape military service and avoid the wars in the colonies (Angola and Mozambique), and also because they could not afford the high cost of the emigration process by legal means.
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.
Madeira is boasting some of the most accessible biodiversity. It is known for its lush forests, gardens, and parks, which give the island a tropical feel. As a result of the mild temperatures here all year long, a range of exotic plants and herbs can be found in the gardens.
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.
Domestic travel was responsible for the highest number of visitors in Madeira in 2022. Overall, almost 470 thousand Portuguese tourists visited the archipelago.
How about Madeira? Geographically (and weatherwise) it's closer to Africa than Europe… just 500km west of Casablanca in fact, though it's technically Portugal and about a three-hour flight from London. Funchal is the island's only real city.
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.
Amazing and stable weather denotes April through November as the best time to visit Madeira. April to mid-June is known for price cuts and moderate crowds. This period can offer you unforgettable hiking among lush green vegetation, and you can join famous Madeira Flower Festival.
Cristiano Ronaldo is the most famous person to come out of Portugal, as well as the most followed person on Instragam with 395 million followers. Born in Madeira, Ronaldo for many is the best football player of all time, having won a record of five Ballon d'Or awards.
Funchal, the capital of Madeira Island, is known for its beautiful landscapes, mild climate, and relaxed lifestyle. According to Numbeo, a family of four can expect to spend around 1,943.8€ per month without rent in Funchal, while a single person's estimated monthly costs amount to 542.5€ without rent.
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 geologically located on the African Tectonic Plate, although it is culturally, politically and ethnically associated with Europe, with its population predominantly descended from original Portuguese settlers. Its population was 251,060 in 2021.
It is a Portuguese island and thus a part of the European Union. As an EU citizen, you can move freely to the island. However, after three months, you have to formalize your existing right for residency at your local city council.