Cost of living in Algarve
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I just watched a video of a cheerful elderly lady explaining how affortable living in Algarve is; $1200/month for 1 bedroom apartment, $3000 total monthly expences and she gets by with just $7300 per month in a villa with a pool. I might be in totally wrong group here, I'm a single woman close to retirent and my fixed income would be under $2000 a month. Eventually I would like to buy a place, what ever that might be or what I can affort. Am I the only one who find these number "not so affortable" ?
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i havent found any rental information on this site that is accurate
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Ola from Portugal,
My husband and I have lived in the Algarve for many years and also pay €1200 per month for rent. We spent between €2500 to €3500 per month for our total expenses. $2000 or less would be doable, depending on your lifestyle. Keep in mind the dollar to euro ratio that changes and you will need to carry private health insurance since Medicare does not work here. There will also be costs associated with getting settled like opening a funded bank account and more. A great source of info is a Facebook group called Americans & Friends PT that has plenty of PDF documents with all things pertaining to Portugal.Hope this helps.
Terry Coles
Portugal Contributor -
I just watched a video of a cheerful elderly lady explaining how affortable living in Algarve is; $1200/month for 1 bedroom apartment, $3000 total monthly expences and she gets by with just $7300 per month in a villa with a pool. I might be in totally wrong group here, I'm a single woman close to retirent and my fixed income would be under $2000 a month. Eventually I would like to buy a place, what ever that might be or what I can affort. Am I the only one who find these number "not so affortable" ?