Why is Portugal cheaper than the rest of Europe?

Well, in reality, Portugal is relatively affordable and has been recognized as one of the cheapest countries in western Europe because of its economical food prices, affordable accommodation choices, and cheap transportation prices. If you have sufficient finances, then you will find the country to be very affordable.



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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.

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Portugal is cheaper than Italy, particularly when it comes to eating out. Overall, Portugal is a cheaper place to buy and rent property, however some parts of Portugal (like Lisbon) are above average in terms of cost. The cost of living in Italy varies greatly too, with the south usually cheaper than the north.

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Spain is, according to the most recent FMI estimates, the 15th largest world economy (in PPP terms), with Portugal 55th. In terms of per capita GDP (PPP) the gap is smaller, with Spain ranking 32nd and its neighbour 43rd.

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