What is the cost of living in Portugal? Is it high? Immigration experts inform you that the local cost of living in Portugal is relatively low compared to other EU countries, with an average monthly expenditure of around 200 to 300 euros per person for a typical family.
What are the specific prices like locally? The first thing immigration experts want to mention is the income that can be truly disposable after deducting various legally mandated taxes and insurance, which is often referred to as net income in China.
Considering a family of three, what is the cost of living in Portugal like? Generally speaking, with both parents working and the child being cared for by grandparents before school, a typical family's monthly income is around 1500-2000 euros (currently, the exchange rate is 1 euro to 10 RMB).
From the perspective of food costs, how is the cost of living in Portugal? Food is a basic necessity, and compared to other EU countries, the proportion of food expenditure in Portugal is quite low. For a family of three, an estimated 300 euros per month is sufficient. It can be observed that families with slightly higher incomes spend less than 10% of their income on food, while middle-income families spend about 20% of their income on food.
Regarding rental costs, how is the cost of living in Portugal? For an 80 square meter apartment, a T2 (two-bedroom) unit rents for around 350 euros, with additional costs for gas, water, electricity, and waste disposal amounting to about 50 euros per month, totaling 400 euros. This expenditure accounts for approximately 30% of the family's income.
For a property purchase, an 80 square meter T2 (two-bedroom) unit costs around 130,000 euros (with 50,000 euros as a down payment and an 80,000 euro mortgage), with a monthly mortgage payment of about 500 euros over 30 years. Adding water, electricity, and waste disposal costs of around 50 euros per month, the total comes to 550 euros. There are also annual taxes and insurance fees. If only one person is working, this expenditure accounts for about 40% of their income.
In rural areas, houses are generally independent (similar to villas in China), with an area of about 200 square meters, including a garden and garage. Once the land is purchased, it belongs to the owner (in China, land is state-owned, and citizens only have usage rights). A house like this, including the land, costs around 200,000 to 250,000 euros (approximately 2.5 million RMB). It can be seen that as long as one person is working (generally, the husband has a higher income), paying rent or mortgage should not be a problem.
From these aspects, how is the cost of living in Portugal? Immigration experts tell you that the cost of living is indeed very low. Once you obtain temporary residency through buying property in Portugal, you can enjoy a high-quality life in Portugal at a very low cost of living. Thus, it can be concluded that not only is the cost of living low in Portugal, but the cost-effectiveness of immigrating to Portugal is also exceptionally high!
