Portugal consistently ranks as one of Western Europe’s most affordable destinations, both for traveling and living. But beyond being inexpensive compared to the United States, the country offers a great quality of life, including beautiful beaches, exquisite architecture, incredible food and a relaxed lifestyle that can’t be beaten. If you choose a city that ticks all the boxes when it comes to your unique lifestyle and budget, Portugal can turn from a dream destination to reality.
If you’re thinking about moving to Portugal and haven’t decided on a specific city yet, take a look at our list of some of the cheapest places in the Portugal where the dollar goes further, as well as some of the more expensive options, to see how they compare. Here are the top 3 most affordable cities and the top 3 most expensive cities to live in Portugal:
Cheapest cities to live in Portugal:
- Braga
- Viseu
- Coimbra
Most expensive cities to live in Portugal:
- Lisbon
- Porto
- Faro
Let’s start with the most budget-friendly Portuguese cities. There are several Portuguese regions that can be attractive for expats and have many great things to offer without breaking your budget: amazing food, wonderful beaches, exciting towns, and a diverse, welcoming culture. But how much does it cost to live in Portugal and where exactly could you afford to live on a smaller budget?
1. Braga
Monthly cost of living: $750 – $1,100 per person
Population: 190,000
Braga is one of the oldest cities in Portugal. Located in the North of the country, it is home to many historical monuments and charming old streets that give the city an intimate feel. The city also plays host to the University of Minho, adding diversity to the population with students coming from all over Europe and the rest of the world. This youthful influence gives it a lift to an otherwise quite traditional city.
Braga is among the cheapest spots on our list. In fact, it is about 20% less expensive than Lisbon, including rent. A couple or small family can live comfortably on a budget of around $2,000 a month.
2. Viseu
Monthly cost of living: $830 – $1,150 per person
Population: 100,000
Viseu, located in the center of Portugal, just around an hour’s drive from Porto, is one of the country’s most famous cities to live a great life with little money. In fact, in 2021, Viseu was voted the 5th best city to live in the entire country. It is here where a couple can live nicely on just about $2,000 a month. As a result, it has lately attracted many foreign couples and families who chose this quaint city to restart their lives.
Viseu is a charming medieval city that strikes an elegant balance between a cosmopolitan lifestyle, and an intimate atmosphere that allows residents to slow down and enjoy the little things in life. Access to public health in Viseu is great, the streets are clean and calm, and the city is rich in history.
3. Coimbra
Monthly cost of living: $830 – $1,100 per person
Population: 150,000
Coimbra lies two hours North of Lisbon. This city is home to one of the oldest universities in Europe, and it has the look and feel of a busy metropolis, despite being relatively small compared to most U.S. cities.
The cost of living in Coimbra is very reasonable, offering a high quality of life when compared with other big cities like Porto and Lisbon. For instance rent in Coimbra is, on average, 52% lower than in the capital city. A couple or family of three can live quite well in Coimbra for around $2,400 a month.
Most expensive cities to live in Portugal
Moving to Portugal takes a lot of consideration. If you’re after a slightly busier lifestyle, entertainment and you enjoy a large city vibe, prepare to spend a little more. Here are Portugal’s most expensive cities, which also happen to be the most popular Portuguese cities to live in for expats:
1. Lisbon
Monthly cost of living: $950 – $1,650 per person
Population: 500,000
The Lisbon metropolitan area adds up to 2.8 million people that certainly delivers an exhilarating urban vibe. Besides being the largest city in Portugal, Lisbon is also the most expensive. The city is home to charming historic buildings and the outskirts are surrounded by beautiful beaches. However, in spite of its size and popularity, it’s considered a very safe city to live in with low crime rates.
Lisbon is also one of the leading centers for startups in Europe. Because of its rapid economic development, diverse population and international appeal, property prices are expensive, along with a heftier cost of living.
However, many people moving to Portugal from U.S. are surprised that Lisbon is still cheaper than most large U.S. cities. For example, a meal for two people in a regular restaurant can cost no more than $45, while a one-bedroom apartment in the city can be as low as $900 per month, depending on the neighborhood.
2. Porto
Monthly cost of living: $950 – $1,350 per person
Population: 210,000
Porto, a charming city in the country’s North, is Portugal’s second-largest city and probably the most famous if you’re a wine lover. The metropolitan area around Porto is home to around 1.7 million people. Although it’s a big city, it still feels quite sleepy in comparison to Lisbon. Therefore, it suits those looking for the benefits of living in a large city but with a slightly slower pace.
Compared to Lisbon, the cost of living in Porto is marginally more affordable, but it depends on which neighborhood you opt for. For instance, two people could eat out at a decent restaurant for around $35 and you could rent an apartment in Porto for as low as $750 per month.
3. Faro
Monthly cost of living: $950 – $1,200 per person
Population: 61,000
Faro is the capital of the beautiful Algarve region and Portugal’s Southernmost city. The smallest city on this list, Faro is one of the most underrated gems in the country. For those that choose to settle here, Faro offers laidback livability and a less touristy, more traditional Portuguese vibe.
The cost of living in Faro is slightly higher compared to inland cities, but it is lower than in Lisbon. For two people, a meal in a mid-range restaurant will cost around $40, with the rent for a one-bedroom apartment averaging around $850.
Choosing the right city to live in Portugal within your budget
Living in Portugal is a dream for many. And contrary to what many people may think, it is not necessary to pay big to live well in this country. When choosing the right city – or even neighborhood – you can find a lifestyle that feels right for you and suits your pocket.
