How much money do you need to live comfortably in Lisbon Portugal?

Including rent, a couple can live comfortably in Portugal’s interior, or in small cities, from about $1,700 a month. A couple’s budget in Lisbon starts at about $2,100 or $2,200 a month… though you can, of course, spend more. Singles should plan on a budget of about two-thirds that of a couple.

What is a comfortable salary in Portugal?

Generally, the cities of Lisbon and Porto offer the highest salaries in the country but also have the highest cost of living, especially renting/mortgage payments. Expect to spend an average of $936-1,212 per month to live a decent life in these areas, while $771-882 a month is okay in other parts of the country.

What is a decent salary in Portugal?

Portugal has the sixth lowest average gross yearly salary among OECD states. That comes to something like 28,410 dollars per year (24,557 euros). A far cry from the United States, which leads with 69,392 dollars per year (59,981 euros), or neighbouring Spain, with its 39,922 dollars per year (34,508 euros).

Can you live in Portugal for $1000 a month?

Compared to the rest of Europe, a modest income goes a long way in Portugal. The average monthly salary, after taxes, is about 855 Euros or just over $1000. If you’re committed to living frugally, you can live for less in Portugal. A couple can live in one of Portugal’s smaller cities for about $1,700 a month.

How cheap can you live in Portugal?

Is Portugal a cheap place to live? Portugal is considered one of the most affordable countries in Western Europe. Compared to the US, you’ll be paying more than 60\% less, thanks to low accommodation costs. A couple can easily get by with $2,200 USD a month.

Why are Portuguese salaries so low?

Because Portugal produces low value products when compared with most of the other Western European countries. In the end it comes down to productivity and the value you create per working hour. For example, Portugal’s main industries are the textile, clothing, footwear, cork and paper.

Why are salaries so low in Portugal?

Portugal’s relatively low productivity, the key driver of economic success, is the main reason. Productivity simply measures output per worker, and countries with high productivity are clearly more efficient at producing goods than low productivity countries, and can thus afford higher wages and salaries.

What is Portugal’s basic salary?

The minimum wage goes up in Portugal In 2021, the national minimum wage in Portugal remained fixed at €775.8 per month, that is 9,310 euros per year, taking into account 12 payments per year. Accordingly the national minimum wage has been raised 35 Euros per month from the previous year, 4.72\%.

What is the average salary in Portugal?

Minimum wage in Portugal: A guide to average salary in Portugal. What is the minimum wage in Portugal? Learn about the minimum wage rules in Portugal and discover what you might earn as an expat. The national minimum wage in Portugal in 2019 is €600 per month.

What is the minimum wage in Portugal in 2019?

The national minimum wage in Portugal in 2019 is €600 per month. This is based on 14 payments in a year, or €700.00 based on 12 payments. Portugal’s minimum wage is updated annually considering the cost of living, national productivity, and the government’s prices and incomes policy. The minimum wage in Portugal is part of Portuguese labor law.

How much money do I need to move to Portugal?

Have enough funds to support yourself during your stay in Portugal. Official figures say your income should at least be equal to the annual minimum wage in Portugal (which is currently €7,620) for the main applicant, and 50\% of the minimum wage for a spouse. However, that might not be enough to get your application approved.

What are the pros and cons of living in Portugal?

The pros of living in Portugal. 1 1. Amazing golf. Portugal is arguably home to some of the best golf courses in Europe. If you are passionate about golf, can afford your annual fees, 2 2. The weather and climate are superb. 3 3. Brilliant surfing. 4 4. Lower property prices. 5 5. Natural beauty.