More people are seeing the advantages of living in another country. Portugal has emerged as a popular choice for Americans. The cost of living here is affordable compared to other Western countries. But before you move, it is important to know how the cost of living in Portugal vs USA. Plan ahead and learn what you need to know before you decide to move to Portugal.
Cost of Rent and Homeownership
Housing in Portugal is affordable. This is one of the major benefits of living here. The rent for a one-bedroom apartment in the city center in the United States is double, probably triple, compared to a similar accommodation in Portugal’s capital. Of course, rent is expected to be lower in the smaller cities. You can find even lower prices if living outside of city centers or in the countryside, if this is an option you are looking for.
Access to Healthcare
Healthcare in Portugal costs much less than in the U.S. The country has a public healthcare system (SNS) that provides services at little or no cost to residents, including expats who have legal residency. Private healthcare is accessible for many Americans living in Portugal. Health insurance plans typically cover almost everything a patient needs. On the other hand, healthcare costs in America are some of the highest in the world. The insurance premiums frequently amount to hundreds or even thousands of dollars each month.
Grocery and Dining Expenses
In Portugal, groceries and restaurant costs are affordable for the locals and tourists. A usual monthly grocery bill for one person here is not enough for a few weeks of supply if you are living in the United States. The cost of eating at a mid-range restaurant in Portugal can often cost twice, or even more, particularly in central areas in the United States.
Public Transit and Travel Expenses
Getting around Portugal using public transportation is both efficient and affordable. A monthly pass for metro, bus, and train travel in cities is fairly priced. You will probably only need to have a car if you live in rural areas. On the other hand, a car is a must-have if you live in the United States. The costs can quickly add up with owning a vehicle. You have to consider the expenses for insurance, gas, and maintenance.
Monthly Utility and Internet Costs
The monthly cost for utilities (electricity, water, and gas) in a small apartment is often reasonably priced in Portugal. Also, high-speed internet is much cheaper than in other areas. In the U.S., utility usage is high. This is particular in places with extreme temperatures.
Conclusion
The living costs can differ based on where you are and how you live. Still, living in Portugal costs less than in the United States. You have to consider the common expenses discussed above before you decide. It’s different when you live in the United States for quite a number of reasons. Still, Portugal can be an appealing and affordable option if you are looking for a slower and financially efficient lifestyle.
