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In Ferragudo, Portugal, the minimum monthly wage is 820 euros. That puts things into context. Rent, groceries… everything, really, is very affordable.
Portugal is our long-reigning queen, having dominated the top or runner-up spots for about a decade now, and 2024 was no different. It’s hard to knock a country with so much going for it from the winner’s podium…
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| Expense | Monthly Costs | Notes |
|---|---|---|
| Mortgage | €550 | Average; hard to quantify. |
| HOA Fees | €100 | |
| Property Taxes | €50 | |
| Transportation | €275 | Driving your own car, including insurance (€50 for a tank of gas). |
| Gas | €50 | For heating and cooking. |
| Electricity | €85 | Including air conditioning. |
| Water | €25 | Not including a swimming pool. |
| Cell Phone | €20 | Monthly cost for basic cell phone plan. |
| Internet | €35 | Includes TV channels. |
| Cable TV | – | |
| Household Help | €80 | For two hours of cleaning per week. |
| Entertainment | €510 | Monthly cost cost for eating out twice a week: €420 (€22.50 to €30 per meal). Monthly cost for drinks twice a week: €60 (€1.50 for a beer; €5.50 for a bottle of wine). Movie theatre trip twice a month: €30 (€7.50 per ticket). |
| Groceries | €400 | Monthly grocery haul for a couple. |
| Gym Membership | €80 | Basic membership two people. |
| Medical Appointment | €70 | Cost of one appointment (private clinic). |
| TOTAL | €2,330 |
| Expense | Monthly Costs | Notes |
|---|---|---|
| Rent | €850 | Cost of an apartment (70 square meters, two-bed/two-bath) in a desirable location. |
| Transportation | €275 | Driving your own car, including insurance (€50 for a tank of gas). |
| Gas | €50 | For heating and cooking. |
| Electricity | €85 | Including air conditioning. |
| Water | €25 | Not including a swimming pool. |
| Cell Phone | €20 | Monthly cost for basic cell phone plan. |
| Internet | €35 | Includes TV channels. |
| Cable TV | – | |
| Household Help | €80 | For two hours of cleaning per week. |
| Entertainment | €510 | Monthly cost for eating out twice a week: €420 (€22.50 to €30 per meal). Monthly cost for drinks twice a week: €60 (€1.50 for a beer; €5.50 for a bottle of wine). Movie theatre trip twice a month: €30 (€7.50 per ticket). |
| Groceries | €400 | Monthly grocery haul for a couple. |
| Gym Membership | €80 | Basic membership two people. |
| Medical Appointment | €70 | Cost of one appointment (private clinic). |
| TOTAL | €2,480 |
| Expense | Monthly Costs | Notes |
|---|---|---|
| Rent | €500 | Cost of an apartment (one-bed/one-bath) in the cheapest part of town. |
| Transportation | €80 | Monthly bus ticket. |
| Gas | €35 | |
| Electricity | €65 | |
| Water | €25 | |
| Cell Phone | €20 | |
| Internet | €35 | |
| Cable TV | – | |
| Entertainment | €200 | Monthly cost for eating out twice a week: €50 (€12.50 per meal). |
| Groceries | €260 | All local-brand items only, shopping at markets and grocery stores. |
| Medical Appointment | €5.50 | Cost of one appointment (public health center). |
| TOTAL | €1,225.50 |
Click here for currency conversion at today’s exchange rate.
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