Some of the most common reasons why Americans are moving to Portugal include a more affordable cost of living, high quality of life, access to public healthcare, and an excellent climate are some of the most common reasons.
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In fact, the average cost of living in Portugal is around €1,608 (€1,500) per month, depending on what part of Portugal you're living in. Overall, Portugal is considered one of the cheapest countries in Western Europe and is, on average, 50 percent cheaper than living in the United States.
Lisbon. Lisbon is a diverse city, great for expats, families and students, and has a thriving LGBT+ community. Portugal's capital city has it all and is an excellent choice for anybody wanting the buzz of a big city, while also having a beautiful historic centre and being close to beautiful beaches.
Can a US citizen move to Portugal? A US citizen can enter Portugal without a visa and stay there for 90 days. You will need to secure a visa and obtain a residence permit for a long-term stay. Different visa options are better suited to different people.
In terms of GDP, Portugal ranks #47 in the world and falls way behind major economies such as the USA and the UK. Nevertheless, the European Commission's projects place Portugal as the European country with the highest growth in 2022.
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.
The majority of expats in Algarve are in Tavira, Vilamoura, Lagos, Faro, Albufeira, Alvor and Ferragudo. These towns also happen to attract a large amount of tourists each year, so they can get quite busy during high season. If you're more into quiet towns, then rural areas of the Algarve are perfect.
Spain accounted for almost 2.2 million overnight visitors in Portugal in 2022 – the highest figure among top countries of origin for international tourism in the European country that year.
Expats tend to flock to Portugal's bigger cities – particularly Lisbon and Porto. Both of these cities are renowned for their rich history, vibrant culture, and fairly relaxed lifestyle. However, smaller cities like Braga have their own charm and are popular with those seeking a quieter life.