Retire in Portugal: everything you need to know as an expat retiree in 2023

If you’re looking for an affordable place to retire as an expat with great weather and friendly locals, Portugal should be at the top of your list. With a lower cost of living and high standard of living, Portugal is a popular destination for retirees through a Portugal D7 visa or Golden visa program. With its stunning coastal towns, rolling hills, and quaint villages, Portugal is the perfect place to enjoy your retirement. And best of all, it’s very affordable. The annual global retirement index made it 4th on the list when it comes to retiring in the world.

In fact, Portugal is one of the most budget-friendly countries in Europe than living in western Europe. So what are you waiting for? Start planning your retirement in Portugal today! Here’s a guide to retiring in Portugal.

Who can retire?

Anyone who is at least 55 years old and has a private pension or enough savings to support themselves can retire abroad / in Portugal. Portugal every year allows thousands of people to get retirement here. There is no mandatory retirement age, so workers can continue working as long as they want. Those who do not have a private pension or enough savings may be eligible for the state pension, which is paid out to residents who have worked in Portugal for at least 15 years by holding their residency in Portugal as an expat.

Around one-third of Portugal’s population lives in poverty, which is defined as an income of less than 60% of the national median. The state pension ( Segurança Social ) is a key source of income for many people in retirement, but it is not generous by international standards. So, please make sure you’re retiring with enough.

The full state pension is currently €404 per month, which is equivalent to around US$404 with the recent exchange rate. This is well below the average private pension in Portugal, which pays out €1,084 per month. To qualify for the full state pension, you must have contributed for at least 40 years. If you have contributed for fewer than 40 years, you will receive a pro-rated pension as a tax resident in Portugal.

If you do not have a private pension or enough savings, you may be eligible for the state pension. Most of the expats in portugal don’t have it.

Portuguese retirement For EU Citizens

As an EU citizen, you are entitled to a retirement pension in Portugal or any other place in Europe. You can either receive your pension from the country where you worked or from Portugal. If you want to retire in Portugal, you will need to meet certain requirements.

You must be of retirement age, which is 65 for men and 60 for women. You must also have worked in an EU country for at least 10 years. If you have not worked in an EU country, you may still be eligible for a Portuguese retirement pension if you have worked in a country with a social security agreement with Portugal.

Once you meet the eligibility requirements, you can apply for your retirement pension by contacting the Portuguese Social Security Administration. You will need to provide proof of your identity, residency, and employment history. You may also need to provide proof of your financial resources, such as bank statements or investment portfolios. Everything will be handled by SEF and it’s officers in your situation.

Portuguese retirement For non-EU Citizens

If you’re not a citizen of the European Union, there are a few things you need to know before you can start enjoying your retirement in Portugal.

In order to retire in Portugal, you will first need to apply for a residence permit. Portugal has many resident visa application systems. You can do this at your nearest Portuguese consulate. If you choose Portugal for retirement You’ll need to provide proof of income, as well as documents proving your identity and travel insurance. Most people choose D7 visa program for this. The process is relatively simple and straightforward, and as long as you have all of the required documents, it should not take more than a few weeks to complete with the recent weave it takes a month or so.

Documents you need to do that –

  • Valid Passport
  • Proof of Income
  • Criminal record
  • Personal Statement
  • Travel Insurance

Once you have your residence permit, you will need to find somewhere to live. Portugal has a wide variety of housing options available, from apartments and villas in the city to rural farmhouses in the countryside. No matter what your budget or preferences are, you should be able to find something that suits your needs.

If you are not fluent in Portuguese, you may want to consider taking some language classes before moving to Portugal. While many people do speak English, learning at least some basic Portuguese will make everyday life a lot easier.

Once you have your residence permit, you’ll need to apply for a Portuguese social security number. You can do this at any local social security office. You’ll need to provide your passport, residency permit, and proof of income.

Portuguese retirement For American Citizens

More and more American citizens are retiring in here. Why?

The cost is relatively low, the climate is mild, the healthcare system is good, and the food is excellent. Plus, Portuguese is a Romance language, making it easier for American retirees in Portugal to learn than other languages spoken in Europe.

If you’re thinking of retiring in Portugal as an American Citizen,

First, you’ll need to obtain a residency visa. This can be done by showing proof of income from investments or a pension. You’ll also need to have health insurance that covers you in Portugal.

Once you have your residency visa, you can apply for a retirement permit at your local Portuguese consulate. This permit allows you to stay in Portugal for up to one year. After that, it must be renewed every five years. D7 is one of the most popular visas among Americans who are moving to Portugal.

Check out our visa packages here.

Portuguese retirement For Jews

Portugal is a welcoming country for expat Jews who wish to retire there. Portuguese citizenship can be obtained through naturalization, and there are a number of benefits that make the country an attractive retirement destination for Jewish people.

Portugal has a long history of tolerance and respect for different cultures and religions. This makes it an ideal place for Jewish people to retire, as they will feel welcomed and accepted in the community.

The climate in a country like Portugal is also very pleasant, with warm summers and mild winters. This makes it a great place to enjoy your retirement years. There are also many beautiful places to visit in Portugal, from the coastal towns to the stunning mountains.

Retirement tax in Portugal

Taxation in Portugal is designed to be beneficial for retirees. There are a number of tax breaks and benefits available, including a special retirement visa.

If you reside in Portugal for more than 183 days during a tax year, you will be categorized as a tax residence in portugal. As a titled Residents of Portugal, you must file a tax return revealing your income, as appropriate. You should seek a professional’s help to get your tax situation sorted, as residents in Portugal are taxed always. Otherwise, you are looking at a big penalty by the end of each year!

Retirees can receive a pension from their home country and be taxed on it in Portugal. It can be a flat fee of 10% through the NHR program. The good news is Portugal has double tax system with it’s assisted countries. In addition, there are a number of other benefits that can take advantage of, including discounts on public transportation and utility bills.

Health care in Portugal for retirees

what about healthcare? Can retirees expect to receive good healthcare in Portugal?

The short answer is yes. Retirees enjoy high-quality, affordable health care. Portugal is famous for its’ quality healthcare service. It’s like having a safety net that catches you if you fall. In fact, it ranks 14th in the world for overall healthcare quality. And they can take advantage of special discounts on health insurance premiums.

Of course, no country is perfect, and Portugal is no exception when it comes to healthcare. There are some challenges that may face, such as long wait times for certain procedures and a lack of English-speaking doctors (although this is improving). Portugal is full of talented doctors.

Portugal has public healthcare that is available to all residents, and it is considered to be of high quality. However, there are some drawbacks. There can be long wait times for appointments and surgeries, and the system is not always able to meet the needs of everyone. There are also private healthcare options available, but they can be expensive.

Private Health Insurance in Portugal

In Portugal, both public and private health insurances are available. The public system is managed by the national health service, known as the SNS. Private health coverage is typically more expensive than public insurance, but it may offer better coverage and faster access to care.

Health insurance in Portugal is regulated by law, and all policies must provide a minimum level of coverage. Most private insurers offer a range of plans with different levels of coverage, so you can choose the plan that best meets your needs Private insurance in Portugal is regulated by law, and all policies must provide a minimum level of coverage.

Healthcare in protugal

This means that you can be sure your health insurance will cover most of your medical needs if you retire. There are a few things to keep in mind, however.

First, you may need to pay a deductible before your insurance kicks in.

Second, some procedures and treatments may not be covered by your policy. Be sure to check with your insurer before you retire to make sure your policy covers what you need it to.

If you’re considering private insurance in Portugal, be sure to compare plans carefully to find the one that’s right for you.

For example, One of my best friends had full private insurance coverage for the whole family. One night he had to visit the emergency room and had to undergo a lot of tests and procedures. The full night, the tests & also the monitoring, double checkup everything came to a cost of 15€, the rest was converted by the private insurance. This 15€ was just the cost to see a doctor. Which is standard for everyone who is carrying the private policy.

Overall, though, Portugal provides excellent healthcare for retirees.

How Much Money Do You Need to Retire in Portugal?

If you’re looking to retire on a budget in Portugal, you can get by on as little as €1,500 per month. This estimate includes rent, food, transportation, utilities, and entertainment. Of course, if you have a more lavish lifestyle or want to travel often, your costs will be higher. Portugal is quite affordable for most retired people.

But overall, Portugal is a very affordable place to live. To qualify for a retirement visa in Portugal, you must prove that you have enough income to support yourself (which can come from pensions, investments or other sources). The minimum amount is currently €726 per month for a single person or €964 for a couple.

Cost of living in Portugal

In today’s economy 2022, the cost of living is rising faster than wages. This makes it difficult for families to make ends meet and pay for basic necessities. The cost of housing, food, and healthcare are all increasing, while wages remain stagnant. This puts a strain on families and leaves them struggling to make ends meet. There are several ways to reduce the cost, but it is still a major challenge for families across the country. Here is a Chart that can help you to understand the full costs from your monthly retirement cheque.

and 60% less in United States. The cost of living in Portugal is on average 40 less than in the United States. Rent in Portugal is 60 percent less than in the United States.

  • Rent in Portugal is 60 percent less than in the United States.
  • An individual’s estimated cost is 500 if it is rentals.
  • Four family members are estimated to have a similar monthly cost as 2000 if it is rented.
  • The cost of living in Portugal is on average 40% less than in the United States. 

Can an Us Citizen Retire to Portugal?

Yes, a US citizen can retire to Portugal. There are a few things to keep in mind, however. First, you’ll need to have enough money saved up to cover your costs in Portugal. Portugal is a relatively affordable country, but it’s still important to make sure you have enough money to cover your living expenses.

Second, you’ll need to get a residence permit. This can be done by proving that you have enough money to support yourself, or by finding employment in Portugal.

Third, you’ll need to learn the language. Portuguese is the predominant language spoken in Portugal, so it’s important that you at least know some basics before moving there. Luckily, there are many resources available online and offline for learning Portuguese.

Fourth, familiarize yourself with Portugal’s healthcare system. It’s important to know how you will be covered in case of an emergency while living in a foreign country. Overall, retiring is possible for US citizens if they plan ahead and do their research.

With its beautiful scenery and welcoming culture, Portugal can be an ideal place to spend your retirement years!

Is Us Social Security Taxed in Portugal?

No, Social Security benefits are not taxed. If you are a resident of Portugal, you may be able to exclude up to $20,000 of your benefits from your Portuguese taxable income. For more information, please see the U.S. Department of State’s website on taxes for U.S. citizens abroad.

Where Do Most Expats Retire in Portugal?

The Algarve region is the most popular destination for retirees, followed by Lisbon and the Portuguese Islands. There are many reasons why they choose to relocate to Portugal, including the mild climate, low cost, and high quality of life. Portugal also offers a number of tax benefits for them, making it an attractive option for those looking to stretch their retirement savings.

In addition to the Algarve, other popular retirement places in Portugal include Lisbon, Porto, Madeira, and the Azores.

Retirement property top picks in Portugal

If you’re looking for a retirement property in Portugal, you’ll want to check out these top picks. From Lisbon to the Algarve, there are plenty of great options. Here are just a few of the best places to retire in Portugal:

Lisbon: Lisbon is a vibrant city with plenty to do. There are plenty of retirement properties available in Lisbon, from apartments to villas. There’s also a good selection of medical facilities and amenities.

The Algarve: The Algarve is a popular retirement area for its sunny climate and beautiful beaches. There are many retirement communities located there, as well as plenty of activities and amenities.

Retire in Portugal.jpgRetire in Portugal algrave

Porto: Portugal’s second-largest city, is also a great choice. The city has a more laid-back atmosphere than Lisbon, and is known for its wines and port. Porto’s old town is a UNESCO World Heritage Site, and the city has a number of museums, art galleries, and parks. The cost in Porto is lower than in Lisbon, and there are many affordable housing options. Porto is another great city.

Cal das da Rinhas: I love the Silver Coast for its stunning scenery and its friendly people. It’s the perfect place to relax and enjoy life. The weather is perfect year-round, and there’s always something to do, whether it’s exploring the local villages or simply taking a walk on the beach.

If you’re looking for a place to escape the hustle and bustle of everyday life, then the Silver Coast of Portugal is definitely the place for you.

Portuguese NIF Number

The Portuguese NIF is a national identification number assigned to Portuguese citizens and residents. It is used for various purposes, such as tax identification.

The NIF is required for many activities in Portugal, including opening a bank account, filing taxes, and voting. It is also often used as a form of identification.

The NIF is an identification number required for many activities in Portugal, including opening a bank account and filing taxes. All residents, regardless of nationality, are required to have a NIF.

No matter if you are applying for a Portugal golden visa or a D7 visa, you must need a NIF number here. Once you have your visa It is also mandatory to physically apply for residency in Portugal.

Get your Portuguese NIF with Boots on the Ground Portugal.

Banking in Portugal

Banking is a regulated industry with a long history. The first banks were established in the early 19th century, and the banking sector has been growing steadily since then. Portuguese banks are now some of the largest and most well-known in Europe.

The Portuguese banking system is highly centralized, with the majority of assets and liabilities concentrated in a few large banks.

In Portugal, banking is regulated by the Bank of Portugal. The banking sector is relatively small, with only a few large banks operating in the country. These banks offer a wide range of services, including retail banking, corporate banking, investment banking, and private banking. The largest banks in Portugal are Banco Santander, Banco Portugues do Atlantico, and Caixa Geral de Depositos.

As a Nonresident of Portugal, you will be able to get a bank account and use it online but it is not an easy task to be done. Luckily boots on the ground Portugal can help you with all the documents processing to open your bank account in Portugal without being in Portugal. It’s a necessary thing for your D7 visa application and also for a Portugal golden visa.

Foods in Portugal

Portuguese cuisine is well-known for its fresh, simple ingredients. The country’s mild climate and coastal location make seafood a staple in many dishes. Portugal Offers Common seafood items including:

  • Bacalhau (cod),
  • Sardines, and
  • Octopus.

Other popular ingredients include olive oil, garlic, and tomatoes.

Portuguese food is often hearty and filling. Meals typically consist of an appetizer, main course, and dessert. While the country has many regional cuisines, some of the most popular dishes include:

  • Caldo verde (kale soup),
  • Cozido à portuguesa (a stew with various meats and vegetables),
  • Francesinha (a sandwich made with bread, ham, sausage, and cheese).

If you’re looking for some hearty, traditional Portuguese dishes to try during your retirement in Portugal, you won’t be disappointed. Caldo verde, a kale soup, is a popular starter or main course, while cozido portuguesa is a filling stew packed with meats and vegetables. For something lighter, francés is a simple dish of boiled eggs and potatoes.

Breakfast in Portugal

Life In Portugal, breakfast is a typically light meal. It usually consists of coffee and pastries or bread with cheese or ham. Breakfast is typically eaten at home, but it can also be taken on the go.

There are a few popular breakfast dishes in Portugal. One is the pastel de nata, which is a custard tart. Another popular dish is ovos mexidos, which are scrambled eggs with vegetables.

Lunch in Portugal

In Portugal, lunch is typically the main meal of the day. It is usually served between noon and 3 p.m. The meal typically consists of a first course, a second course, and a dessert.

A typical first course for lunch in Portugal would be soup or a light salad. A common second course is fish or meat with vegetables. For dessert, fresh fruit or cheese is often served.

Portuguese cuisine has influences from all over the world, including Africa, Asia, and South America. This can be seen in the variety of dishes that are available for lunch in Portugal. There are many different restaurants to choose from, so you can find a meal to suit your taste.

Dinner in Portugal

If you’re looking for an amazing dinner experience, you need to head to Portugal. The country is known for its fresh seafood, and you’ll find some of the best in the world. Portuguese food is also incredibly flavorful, so you’re sure to have a delicious meal.

When it comes to choosing a restaurant, there are many great options in Portugal. However, if you want to try something truly unique, make sure to check out Gambrinus in Lisbon. This restaurant serves traditional Portuguese fare in a stunning setting. You’ll be able to enjoy your meal while overlooking the city of Lisbon.

If you’re looking for an unforgettable dining experience, make sure to try Portugal. You won’t be disappointed by the food or the atmosphere.

Portuguese Wine

Portugal has a long and storied history with wine. The country has been producing wine for over 2,000 years and is home to some of the oldest vineyards in the world. Portuguese wine is known for its versatility and can be enjoyed with a variety of different foods. Whether you’re looking for a red wine to pair with your steak or a white wine to enjoy with your seafood, you’ll find what you’re looking for in Portuguese wine.

Portugal is world-renowned for its port wine, but the country has so much more to offer in terms of wine. With nearly 250 grape varieties indigenous to Portugal, there is a wine for everyone to enjoy. From the mineral-rich wines of the Douro Valley to the full-bodied reds of the Alentejo region, Portugal has something for every taste. And with its affordable prices and friendly people, it’s no wonder that Portugal is quickly becoming a top wine destination.

Coffee In Portugal

Portugal coffee is some of the best in the world. The country is known for its excellent coffee beans, which are used in a variety of different ways.

Portuguese coffee is often made with a very fine grind, and it is brewed using a filter or press method. This results in a smooth, rich cup of coffee with no bitterness.

There are many different ways to enjoy Portuguese coffee. It can be enjoyed in black or with milk, and it is often served with a sweet treat. If you are looking for an authentic cup of coffee, be sure to try Portugal coffee.

Internet access in Portugal

Portugal is a European country with a rich history and diverse culture. Although Portugal is a relatively small country, it has a lot to offer in terms of internet access. There are many different providers offering service throughout the country, so finding a good connection should not be difficult. In addition, Portugal has some of the fastest internet speeds in Europe, so you can definitely take advantage of that if you need to. MEO and NOS are two popular internet service provider across the whole country with a 5G speed in southern Portugal to northern Portugal.

Entertainment in Portugal

Portugal has a lot to offer in terms of entertainment. From its vibrant nightlife to its stunning beaches, there is something for everyone in this European country.

Lisbon, the capital city, is known for its lively nightlife scene. There are many bars and clubs to choose from, as well as live music venues. If you’re looking for something a little more low-key, there are also plenty of restaurants and cafes to enjoy.

The beaches in Portugal are some of the best in Europe. With over 1,000 miles of coastline, you’ll be spoilt for choice when it comes to finding the perfect spot to relax. Whether you want to sunbathe on the sand or take a dip in the ocean, there’s a beach for you in Portugal.

Netflix, HBO max, Amazon prime videos, Disney+ is available in Portugal with lots of different options for shows, movies, and documentaries. So whether you’re looking for your next binge-worthy show or just want to relax with a movie, Online streaming portals of Portugal has you covered. Welcome to the future of television!

Movie theaters in Portugal

Movie theaters are common in Portugal, with most towns and cities having at least one. There are also a number of multiplexes in the larger cities. Portuguese films are shown as well as Hollywood blockbusters. Most movie theaters have English language films with Portuguese subtitles.

Prices for tickets are reasonable, with discounts often available for students and seniors. Concessions are also reasonably priced. Popcorn, candy, and soft drinks are available, as well as hot food such as pizza and chicken wings.

Movie theaters in Portugal generally offer a good experience at a reasonable price. There is a wide selection of films to choose from, in both Portuguese and English. Concessions are reasonably priced, making it easy to enjoy a night at the movies without breaking the bank.

You can get a movie ticket from the price range of €5 to €10, there is an offer on going almost all over the year if you are a NOS internet user which is buys one get one free.

Transportations of portugal

Portugal is a land of many transportation options. From the ancient city of Lisbon to the modern-day metropolis of Porto, there are many ways to get around this beautiful country.

Portugal’s public transportation system is one of the best in Europe. The bus and train network covers the entire country, making it easy to get from one place to another. The metro system in Lisbon is quick and efficient, and the new high-speed rail link between Lisbon and Porto is a great way to travel between these two cities.

If you’re looking for a more unique way to travel around Portugal, why not try one of the many riverboats that ply the waters of the Douro River? Or take a ride on one of the vintage tramcars that still operate in Lisbon and Porto.

Private cars in Portugal

In Portugal, the use of private cars is widespread and there are many different ways to get around. The most common way to travel is by car, but there are also buses, trains, and planes. There are also a number of different companies that offer private car services.

If you’re looking for a way to get around Portugal that is both convenient and comfortable, then a private car is the way to go. With a private car, you can avoid the hassle of public transportation and you can tailor your trip to your own schedule and preferences.

There are a few things to keep in mind when choosing private car service in Portugal. First, be sure to research the company thoroughly before booking or buying anything. Second, make sure that the driver is licensed and insured. And finally, be sure to agree on a price before getting in the car.

Driving license exchange in Portugal

If you’re planning on driving in Portugal, you’ll need to make sure you have the proper documentation. Here’s what you need to know about exchanging your driving license in Portugal.

In order to exchange your driving license in Portugal, you must first have a valid license from your home country. You also need to be 18 years of age or older. If your license is not in English, you’ll need to get an International Driving Permit (IDP) before arriving in Portugal.

Once you have all of the necessary documentation, you can go to any local motor vehicle office in Portugal and submit your application for a Portuguese driving license. The process is relatively straightforward and shouldn’t take more than a few days.

Keep in mind that once you exchange your license for a Portuguese one, it will no longer be valid in your home country but you can use your new Portuguese driving license all over Europe and back home as a temporary driver.

Portugal Pros And Cons

If you’re considering retiring in Portugal, there are a few things you should know. The country offers a great quality of life, and you can enjoy plenty of activities and amenities. However, there are also some downsides to retiring that you should be aware of before making the move.

Here are some of the pros and cons of retiring in Portugal:

  • Excellent climate –

    With an average temperature of 18 degrees Celsius, Portugal enjoys a mild climate that is perfect for you who want to avoid extreme weather conditions. There is also plenty of sunshine throughout the year.


  • Affordable cost of living – Portugal is a relatively affordable country to live in, especially when compared to other Western European countries. Expenses such as food and accommodation are relatively low, and healthcare costs are reasonable.

  • Friendly locals – Portuguese people are generally very friendly and welcoming towards foreigners. This makes it easy to settle into retirement life in the country.
  • Portugal can be quite rainy, especially in the winter months. 

  • There are not as many English speakers in Portugal as there are in other countries, which can make communication difficult. 

  • Portugal is a small country, so there may not be as much variety in activities and attractions as in other places. 

  • The cost of living in Portugal has been rising in recent years, making it less affordable than it once was. 

Portugal’s Retirement Age

If you’re looking for a country to retire that has good weather, friendly locals, and plenty of things to do, Portugal should be at the top of your list. The retirement age in Portugal is 65 for men and 62 for women, so you’ll be eligible for a pension from the government. And even if you don’t have a pension, there are plenty of ways to live comfortably on a retirement budget in Portugal.

This includes rent or mortgage payments, food, utilities, transportation costs, and entertainment expenses. Of course, this is just an estimate – some people may spend more or less depending on their individual circumstances. Healthcare in Portugal

Portugal has high-quality healthcare that is available to all residents and citizens (including retirees). If you’re from an EU country or Switzerland, you’ll be able to use your European Health Insurance Card (EHIC) when visiting Portugal. This card entitles you to free or reduced-cost medical treatment during your stay.

You should note that the EHIC only covers emergency treatment and doesn’t cover things like repatriation costs or pre-existing conditions. For this reason, it’s always advisable to have travel insurance when travelling abroad – especially if you have any existing health concerns. In addition to public healthcare provision , there are also private hospitals and clinics throughout Portugal .

Private healthcare tends to be quicker and easier than using the public system , but it comes at a cost . Treatment at a private hospital will usually require payment upfront , although some private insurers will reimburse patients partially or fully after treatment has been received .

Retire in Portugal from USA

As someone who’s nearing retirement, you may be considering your options for where to spend your golden years. If you’re looking for a warm climate, friendly people and affordable living, Portugal may be a perfect choice. Here are a few things to know about retiring in PT:

1. The Living cost is Affordable One of the biggest draws of Portugal is its low cost. Expenses like food, transportation and healthcare are all relatively inexpensive when compared to other Western countries.

This makes it an ideal destination for them on a fixed income.

2. The Weather is Mild Another appealing aspect of Portugal is its temperate climate.

The weather is mild year-round, with average temperatures ranging from 68-77 degrees Fahrenheit. This makes it a great place to enjoy outdoor activities without having to deal with extreme heat or cold.

Retiring in Portugal from Uk

If you’re thinking of retiring from the UK, there are a few things you need to know. First and foremost, you’ll need to make sure you have your finances in order. This means having enough money saved up to cover your living cost, as well as any healthcare expenses you may incur.

You’ll also need to make sure you have a valid passport and visa, as well as adequate travel insurance. When it comes to finding somewhere to stay in Portugal, there are a few options available. One popular option is to buy a property outright, which can be a great way to get your foot on the ladder in this beautiful country.

Alternatively, you can also choose to rent properties on a long-term basis. Whichever route you decide to take, it’s important that you research the market carefully before making any decisions. Without proper research, you can really harm your standard of living. Healthcare is another important consideration for those retiring from the UK.

The good news is that there is excellent public healthcare in place which is free at the point of use for all residents. However, if you wish to take out private health insurance then this will come at an additional cost. It’s worth bearing in mind that many private hospitals and clinics offer superb standards of care – so it’s definitely worth considering if you have the budget for it.

In terms of day-to-day living costs, Portugal is generally very affordable – especially when compared with some other Western European countries such as France or Spain . Expenses such as food and drink , transportation , and utilities are all relatively reasonable here . That said , prices can vary depending on which part of Portugal you choose to live in – so it’s worth doing some research beforehand .

Overall , retiring here from the UK is definitely achievable – provided you plan ahead carefully . With its stunning scenery , friendly people , and great climate , it’s easy to see why more and more Brits are choosing this wonderful country as their retirement country.

Algarve, Portugal Retirement

Portugal’s Algarve region is one of the most popular retirement country in Europe. And it’s no wonder why – it has everything that you could want, from stunning beaches and golf courses to a laid-back lifestyle and low cost. If you’re thinking about retiring to the Algarve, here’s what you need to know.

The climate in the Algarve is perfect for you who want to escape the cold winters of northern Europe. The average temperature in the winter is a mild 18 degrees Celsius, with very little rainfall. In the summer, temperatures can reach up to 30 degrees Celsius – perfect for days spent lounging on the beach. On top of that you can get citizenship in Portugal within 5 years.

The cost in Portugal is very reasonable, especially compared to other Western European countries. You can easily get by on a budget of €1,500 per month, which includes rent, food, utilities and entertainment. Healthcare costs are also relatively low, and there is public healthcare available for residents.

There are plenty of things to keep you busy in retirement. If you enjoy spending time outdoors, there are plenty of activities such as hiking, biking, and golfing. Or if you prefer something more relaxed, there are many quaint towns and villages to explore or simply relax by the beach or poolside with a good book.


How much money do I need to retire in Portugal?

You can live comfortably in Portugal for around €1,500 per month.

What are the negatives of living in Portugal? 

Living in Portugal has some disadvantages such as high prices for food and housing, and poor public transportation. However, these issues are easily solved by moving closer to Lisbon, which is one of the best cities in Europe. The Portuguese language is also easy to learn, and the population is friendly and welcoming.

Is it cheaper to live in Spain or Portugal?

Living in Spain or Portugal is much cheaper than living in other European countries such as France, Germany, Italy, etc. The average monthly salary for a worker in Spain is €1,200 while in Portugal it is only €800. This means that you can save up to 50% of your income when moving to these two countries.

Do expats pay taxes in Portugal?

Yes, expats do pay taxes on income earned in Portugal and also abroad. However, they don’t pay any income tax. Instead, they must declare all their earnings and pay a flat rate of 10%. The flat rate applies for both residents and non-residents.

Is healthcare free in Portugal?

Healthcare is free for all Portuguese citizens. However, some medical procedures may be paid out of pocket. If you need to visit a doctor, hospital or dentist, you should check whether they offer health insurance plans.

Does Portugal have good healthcare?

Healthcare in Portugal is excellent, especially for those who live in Lisbon. The quality of medical care is high, and the costs are lower than in other countries. However, the Portuguese health system has been criticized for having too much bureaucracy and poor communication between doctors and patients. You must be aware of that if you choose to retire in Portugal.

Where do most expats retire in Portugal?

Most expats retire here because they like the lifestyle here. They love the food, the climate, and the beautiful scenery. The Portuguese government also offers great benefits for retirees, such as free health care, pensions, and housing subsidies.

What you should not do in Portugal?

If you want to avoid getting ripped off in Portugal, then don’t go shopping at supermarkets after midnight. Also, don’t accept rides from strangers, especially if they offer to drop you off somewhere else first. Don’t use public transport late at night, and don’t walk alone through dark streets.

What income do you need to live in Portugal?

To live comfortably in Portugal, you should earn at least €1,500 per month. If you want to be able to save money for retirement, then you should aim to earn at least €2,000 per month. The average Portuguese salary is about €780 per month.

Is it better to retire in Portugal or Spain?

If you want to live in a beautiful place where the sun shines all year round, then retirement in Portugal or Spain is for you! Both countries offer great weather, friendly locals, and affordable living costs. However, if you prefer warmer climates, then Portugal might be a better choice.

Are groceries expensive in Portugal?

Groceries are expensive in Portugal because they import food from other countries. The Portuguese government has tried to reduce the price of imported goods, but prices for some items such as meat and cheese remain high.

Are houses expensive in Portugal?

Houses are expensive in Portugal because they are big. The average size of a home in Portugal is 1,500 square feet. This means that the price per square foot is higher than other European countries such as Germany, France, Italy, etc. However, the real estate in Portugal has been growing steadily for several years now, which makes prices lower than last year.

Do people speak English in Portugal?

Yes, Portuguese people do speak English. However, they may find it difficult to understand American accents. If you want to communicate with them, try speaking slowly and clearly.

Is retiring to Portugal a good idea?

Portugal has a long history of being a welcoming and hospitable country to foreigners, dating back to the time of the Moorish occupation. Portugal was also one of the first countries in Europe to establish diplomatic relations with China and Japan. In more recent years, Portugal has been an active member of the European Union and has welcomed immigrants from all over the world.

How much is health insurance in Portugal?

There are a number of factors to consider when deciding whether or not to retire. The living cost and healthcare are both relatively low in Portugal, which can be a significant advantage for retirees on a fixed income. The climate is also mild, which can be appealing for those who want to avoid extreme temperatures. In addition, Portugal is a relatively safe country with a low crime rate.

Does Portugal tax US Social Security?

The simple answer to this question is “no.” Portugal does not have a tax regime in place that specifically taxes U.S. Social Security benefits. However, it’s important to understand that Portugal does have a general income tax regime in place, and all income (including foreign-source income) may be subject to taxation. So, while U.S. Social Security benefits may not be specifically taxed by Portugal, they could be subject to general income taxation.

Is Portugal friendly to foreigners?

Portugal has a long history of being a welcoming and hospitable country to foreigners, dating back to the time of the Moorish occupation. Portugal was also one of the first countries in Europe to establish diplomatic relations with China and Japan. In more recent years, Portugal has been an active member of the European Union and has welcomed immigrants from all over the world.

Is it expensive to retire in Portugal?

The cost in Portugal is relatively low when compared to other Western European countries. This, coupled with the fact that you can receive a discount on many public services, makes it an affordable place to retire. However, there are some costs that are higher than average, such as healthcare and transportation. Overall, Portugal is a reasonable country to retire in, especially when compared to other popular retirement destinations.

Where do most Americans live in Portugal?

Most American retirees stay in Portugal in the cities of Lisbon and Porto. Lisbon is the capital and largest city of Portugal, with a population of over 500,000 people. Porto is the second largest city in Portugal, with a population of over 200,000 people.


If you’re looking for a place to retire which has low cost of living, Portugal should be at the top of your list. The country has a lot to offer retirees, including great weather, beautiful scenery, and friendly locals. And, best of all, it’s affordable.

You can easily find a comfortable retirement home for less than €1,000 per month.

If you’re considering retiring in Portugal, there are a few things you should know. Portugal is a beautiful country with a relaxed lifestyle and friendly people. There are plenty of activities to keep you busy. Portugal allows everyone to be actively involved in the local communities, sports, and other activities. Portugal Allows dual citizenship and helps you afford retirement.

Portugal is a great place to live on a budget. Especially when compared to other Western European countries. According to Numbeo, the cost in Lisbon, Portugal’s capital city, is about 20% cheaper than in London, England. You will find everything is affordable in Portugal.

Rent is also relatively inexpensive in Portugal. The cost of living and housing of a one-bedroom apartment in Lisbon can be rented for as little as €500 per month. Transportation costs are also low, with a monthly public transport pass costing around €30.

Food and utility costs are also reasonable in Portugal. A meal at a mid-range restaurant will cost around €15, while a loaf of bread will set you back about €1.50. Monthly utilities for a one-bedroom apartment will run you about €95.

If you’re looking for a place to retire that’s sunny and has great food and wine, then Portugal may be the perfect place for you. With low cost, Good healthcare, Portugal is becoming a popular destination. That’s everything you need to know about retiring in Portugal.


by Heather Binder

I’m a HELPER. You know the type, we cannot help being helpful! My background is as a Real Estate Broker (selling property) and the Managing Broker to 1150 agents at a large brokerage in Phoenix (read my LinkedIn reviews and details for more). I went on a solo 31-day backpacking trip at the age of 39 in 2012 fell in love with Europe. I live in The Silver Coast, specifically the gorgeous Caldas da Rainha countryside became home in early 2021 and I’m not looking back! My vast and varied experience has done is given me all the key components needed to help people from scouting to exploring, to taking that step to get a Visa and become an official Expat or Immigrant to this fabulous country!

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