Is it cheaper to live in Portugal or Spain?

On average, the cost of living in Spain is 4.3% more expensive than in Portugal, with Spain being cheaper on average for public transport and grocery costs.

Which country is better to live in Spain or Portugal?

In an average year, Portugal receives 2500-3200 hours of bright sunshine. So if you want to enjoy the European climate but from a safe distance, Portugal is your answer. However, if you're looking for a rapid change of seasons, Spain is your best bet.

Where is cheaper to live Portugal or Spain?

Cost of living in each country

Living in Spain isn't out of reach, but the cost of living in Portugal is a fraction cheaper. Lisbon and Porto are the most expensive cities in Portugal. However, the cost of living there is not higher than that in Madrid or Barcelona.

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

As mentioned above, you can retire comfortably in Portugal, in a small city, on an income of $1,400 per month — or less. For some people, the value of your Social Security benefit is enough to cover your costs of living.

Are houses cheaper in Portugal than Spain?

Is property cheaper in Spain or Portugal? Property in Portugal is far cheaper than in Spain, and with attractive rental yields in Lisbon and the Algarve, you can understand why Portugal is such a popular choice for investors.

Spain vs Portugal: We Lived in Both Countries - Why We Pick Portugal!

Are taxes higher in Spain or Portugal?

In Portugal, the tax rate on income is 28 percent. Spain, however, has a different program in its tax regime. Earnings up to a maximum of 60,000 euros are subject to a 24% general tax rate; however, this rate rises to 45% once this amount has been reached.

Which is better for retirees Spain or Portugal?

When choosing to retire in Spain or Portugal, Portugal is the clear winner. Portugal offers safety, ease of residency requirements, accessibility for foreigners, and affordability. In addition, Portugal is listed as one of the top countries when it comes to friendliness.

What are the cons of living in Portugal?

There are disadvantages of living in Portugal too. One has to learn Portugese as it is mostly spoken in all the governmental service bodies. Also there is no opportunity to pay with a Visa or MasterCard, one has to have a Portugese bank card or pay with cash.

Can you live on 1000 euros a month 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. Many locals and retirees get by on less than 750 Euros a month. A couple can live in one of Portugal's smaller cities for about $1,700 a month.

Is healthcare free in Portugal?

Universal Health Coverage: Portugal provides healthcare free of charge to children under age 18 and adults over 65. If citizens do not meet these requirements, and unless they need urgent care or have a unique situation, the NHS offers healthcare to them at a low cost.

Is Portugal safer than Spain?

Portugal is in the top 3 of the 2020 Global Peace Index, the ranking of the safest countries in the world. Portugal is beaten only by Iceland and New Zealand on this list of the safest countries, and is ranked far higher than neighbouring countries such as Spain and France.

Is it warmer in Spain or Portugal?

The weather is much the same but the hospitality in Portugal is definitely warmer than Spain. canaries during the winter months but nothing is ever certain anywhere can have good or bad weather.

Is the weather better in Spain or Portugal?

Both countries have Mediterranean climates, meaning they are generally temperate, with warm summers and mild winters. In Portugal, the average temperature in Lisbon is 24°C in July and 11°C in January, and in Spain the average temperature in Barcelona is around the same: 24°C in August and 10°C in January.

Which economy is better Spain or Portugal?

Portugal has a GDP per capita of $30,500 as of 2017, while in Spain, the GDP per capita is $38,400 as of 2017. Portugal has a top tax rate of 56.5% as of 2016. In Spain, the top tax rate is 45.0% as of 2016.

Where do most expats live in Portugal?

Home to approximately 87 different nationalities, Lisbon is the most popular place for expats to live in Portugal. The diversity of the city makes it a very dynamic and exciting place to live. You can also escape from the city and enjoy some of the Portuguese beaches that are in close proximity to the city.

How long can I live in Spain without becoming a resident?

How long can I stay in Spain without becoming a resident? You can stay in Spain for a maximum of 183 days per year (6 months) in order to not become a resident. If you spend an extra day (184 days and onwards), you will be regarded as a resident, hence paying resident taxes in the country.

Can I live in Portugal without speaking Portuguese?

Although you can get by with English, learning to speak Portuguese will help you live a fuller life in Portugal. Because of the strong tourist infrastructure in the Algarve, most everyone you meet here speaks at least some English. Portuguese people are accommodating and they're happy to indulge in limited Portuguese.

What is the coldest month in Portugal?

The coldest month is January with an average maximum temperature of 15.0°C (59°F).

Is Portugal cheaper to live than UK?

The cost of living in Portugal vs UK

When it comes to cost of living, the UK is more expensive than Portugal. In general terms, prices including rent are 42.66% more expensive in the UK, according to Numbeo. In almost all categories, such as buying groceries, eating out or paying rent, Portugal is cheaper than the UK.

How good is medical care in Portugal?

According to the 2019 Health Care Index, Portugal's healthcare system ranks 22nd out of 89 countries and earns particularly good marks for quality of infrastructure. A different study by the World Health Organization rated Portugal 12th in the world in terms of overall healthcare efficiency.

Is English spoken much in Portugal?

English is widely spoken, especially in parts of the country that are very tourist-focused like The Algarve, Lisbon, Porto, and Madeira, or that have a large number of expats.

Is it worth moving to Portugal?

A good year-round climate, fantastic beaches a short distance from the capital, great food, high quality of life, and low living costs are just some of the reasons Americans move to Portugal. There are also a number of successful tax incentives that American citizens can benefit from in Portugal.

How much money do I need to retire in Spain?

Retirement in Spain also tends to be fairly low cost. You can retire comfortably on about $2,000-2,200 a month, about $25,000-27,000 a year. If you choose to live a bit further away from the big cities, you can retire at approximately $1,700-1,900 a month, which is about $20,000-22,000 annually.

Do I pay tax on my state pension in Spain?

Double taxation

Government service pensions paid to retired members of the fire service, police, civil servants, armed forces and local authorities are exempt from Spanish tax. Under the new treaty the amount of the pension is still exempt but must be included when calculating how much tax is due in Spain.

Where is the best climate in Portugal?

The Algarve has the best climate in Europe, meaning the most days of sun, and it also gains from prevailing winds. Between the water and the wind, this region is never unbearably hot and rarely humid. Temperatures range between about 60°F and 90°F with humidity hovering around 80%.