Cost of Living in Madeira, Portugal 2025 | Relocation Tips & Budget Breakdown!

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  • เผยแพร่เมื่อ 13 ม.ค. 2025

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  • @ItllBeFun
    @ItllBeFun  3 วันที่ผ่านมา +5

    **Bom dia! Our 2025 Cost of Living Video is* Here!* Yep, we are over sharing again! Because we feels it helps you plan.
    When we first moved to the stunning island of Madeira, Portugal, we faced the same concern many of you do: Will we have enough? That experience inspired us to share our journey and insights to help others plan their next adventure with confidence.
    At It’ll Be Fun, we specialize in helping people like you plan and execute life-changing moves abroad. Whether you're dreaming of a GAP Year, relocating permanently, or just exploring new horizons, we’re here to guide you every step of the way.
    * Connect with us, our programs and join us meetups:*
    * www.itllbefunretirement.com
    www.patreon.com/itllbefun*
    *Contact Claudia at LCLRealHomes@gmail.com*
    This year, we’re revealing the secrets to traveling and living abroad-even on a budget! Our 2025 GAP Year plan is designed for anyone, regardless of age or financial situation, so you can start living your wealthy, rich life today!
    Don’t wait-start your journey with us now!
    **Spartan FX**
    Contact: Neil Poyton
    Email: npoyton@spartanfx.co.uk
    [Affiliate Link](www.spartanfx.co.uk/fx-partner.php?sfxtrack=madeira)
    **Traveling Mailbox**
    [Affiliate Link](travelingmailbox.com/?ref=1351&ref=1351&campaign=It'llBeFun)

  • @jasonslider2853
    @jasonslider2853 3 วันที่ผ่านมา +10

    5 months till we get there. Can't wait

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      Fantastic! You should come join our online meetup group at www.patreon.com/itllbefun

  • @desertdweller8520
    @desertdweller8520 3 วันที่ผ่านมา +5

    Your videos are getting g better and better!

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      Muito Obrigada!

  • @chrismedeiros3201
    @chrismedeiros3201 3 วันที่ผ่านมา +4

    Very informative video as usual. Madeira has so much to offer at a very affordable price for many people. I always enjoy your yearly budget breakdown. Prices have gone up there, but they seem to have skyrocketed where we live in California. Nice job in refining your videos since your start there in Madeira, though the early videos were also packed with helpful information and charm.

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +2

      That's awesome that you are still watching! We miss you guys and hope to see you again for a visit. We will keep working hard to provide helpful content.

  • @WilliamIngram-gi6sm
    @WilliamIngram-gi6sm วันที่ผ่านมา +1

    Thank you for guiding us in moving abroad! Your videos are so expiring and you kept us encouraged to make the big leap. While it was a tremendous amount of work it was worth it! Thank you so much:))))

    • @ItllBeFun
      @ItllBeFun  วันที่ผ่านมา +1

      Olá! Thank you very much! We appreciate your support and friendship.

  • @jeffzaucha3834
    @jeffzaucha3834 2 วันที่ผ่านมา +2

    As always great video and great to have numbers for those looking at coming here. Nice job!

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      Olá! Thanks for your continued support.

  • @JanetM-ro6xc
    @JanetM-ro6xc 3 วันที่ผ่านมา +4

    Lovely video! Congratulations!😍

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      We are glad you enjoyed it! Have a wonderful day!

  • @morgan97475
    @morgan97475 2 วันที่ผ่านมา +2

    Another informative video. Keep these coming.

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      Muito obrigado

  • @ruinunes8251
    @ruinunes8251 2 วันที่ผ่านมา +1

    Great video packed of info as usual. The background music is getting better and better.

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      Muito obrigado!!!

  • @kleitosaliagas5668
    @kleitosaliagas5668 2 วันที่ผ่านมา +4

    Those rental prices seem outrageously high.

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      They are. That's why I gave them the you. The real estate in Madeira us very high. There are many places I. Portugal that are much better. Just so you know Claudia supplied them because she is out there every day trying to find places for people.

  • @relaunchinglife
    @relaunchinglife 2 วันที่ผ่านมา +2

    I just love the name of your channel!

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      Muito obrigado!!!

  • @groovysecondhalf
    @groovysecondhalf 12 ชั่วโมงที่ผ่านมา +1

    Zero Regrets!! We love living on the island of Madeira. ❤

    • @ItllBeFun
      @ItllBeFun  4 ชั่วโมงที่ผ่านมา +1

      Agreed! Absolutely none. It's amazing here.

  • @TimHarrold-t7g
    @TimHarrold-t7g 3 วันที่ผ่านมา +2

    Great information as always!!

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      Olá! Thanks for being here. We hope your year is going wonderful so far!

  • @desertdweller8520
    @desertdweller8520 3 วันที่ผ่านมา +5

    I see that everyday. ❤

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      I know! Life Is Short!

  • @DreamBelieveTravel
    @DreamBelieveTravel 3 วันที่ผ่านมา +3

    Great video, thank you!

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา

      Obrigado! Thanks for watching and supporting our channel. We truly appreciate it.

  • @jamescalifornia2964
    @jamescalifornia2964 วันที่ผ่านมา +1

    _" Coffee, fish and walks will keep your mind and body healthy. "_ 😉👌

    • @ItllBeFun
      @ItllBeFun  วันที่ผ่านมา +1

      True

  • @CarolDefoor-uj2uy
    @CarolDefoor-uj2uy 2 วันที่ผ่านมา +2

    We too are going to be there in 4 to 6 months I can't wait we are so excited about going these videos really help thank you

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +2

      We hope you will join our monthly online meetups at www.patrein.com/itllbefun and use our relocation team. Contact Claudia at LCLRealHomes@gmail.com

    • @CarolDefoor-uj2uy
      @CarolDefoor-uj2uy วันที่ผ่านมา +1

      @ItllBeFun hi we're a couple from Texas we're thinking of this as the second home possibly permanent but we've never been there we're planning for 6 weeks this is a scouting trip

    • @ItllBeFun
      @ItllBeFun  55 นาทีที่ผ่านมา +1

      Hope to see you this month.on the call.

  • @lheasales8217
    @lheasales8217 3 วันที่ผ่านมา +3

    Great video❤

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา

      Obrigado! Thanks for watching

  • @girlonanisland
    @girlonanisland 3 วันที่ผ่านมา +1

    Thanks for another spot on, well done and informative video, although I have found the true cost of living on Madeira to be priceless ❤

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      We should make a commercial!

  • @rmur4820
    @rmur4820 ชั่วโมงที่ผ่านมา +1

    Thank's for giving us an update on current costs in Portugal. My husband and I want to move to the main land but we are awaiting for all of the state side situations to resolve before making a move. I fear that the bottom will drop out here and Social Security will be tampered with. Don't want to be stranded abroad. It is the unknown of supplemental medical and taxes that I can't get resolved that are the biggest hurdle.

    • @ItllBeFun
      @ItllBeFun  58 นาทีที่ผ่านมา +1

      Come join us on a monthly online meetups. Www.itlbefunretirement.com

  • @lesleysmith8300
    @lesleysmith8300 3 วันที่ผ่านมา +3

    Thank you for an informative video. I'm drawn between going to Setubal or Vila Real San Antonio. I have friends in Madeira but I'm not sure it's the right place for me. Mind you, l haven't been before. 😊

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      Ola, It's worth checking them all out it will be more cost effective in Setubal or Vila Real San Antonio. But at least come visit Madeira!!!! It'll Be Fun!

    • @Positive_Atrributes
      @Positive_Atrributes 2 วันที่ผ่านมา

      POPULAR SETUBAL is happening now but massive proportion of the moving activities properties have significant impact decisions on the necessary demands for prices!

  • @jasonslider2853
    @jasonslider2853 18 ชั่วโมงที่ผ่านมา +1

    Quick question have yall heard anything about when the etias program is going to start? We tried to get it done today but the website says it isnt taking applications

    • @ItllBeFun
      @ItllBeFun  14 ชั่วโมงที่ผ่านมา +2

      Olá! Thanks for being here. Here is some basic information the EU's Entry/Exit System (EES) is expected to launch in 2025, with ETIAS starting approximately six months later. Specific months have not yet been confirmed. Travelers should monitor official EU sources for updates.
      And here are some official and reliable sources for updates on the EES and ETIAS:
      1. ETIAS Official Website travel-europe.europa.eu/etias_en
      2. EU Entry/Exit System Information travel-europe.europa.eu
      These websites will provide the latest news and detailed information about the implementation schedules.
      Hope this helps.

    • @jasonslider2853
      @jasonslider2853 8 ชั่วโมงที่ผ่านมา +1

      @ItllBeFun thanks

  • @mrodgers56
    @mrodgers56 4 ชั่วโมงที่ผ่านมา +1

    Great video! Which city/neighborhood do you currently live? Mark

    • @ItllBeFun
      @ItllBeFun  4 ชั่วโมงที่ผ่านมา +1

      We are on the island of Madeira. We originally lived in Sao Martinho and now are in Santa Cruz.

  • @camiller4916
    @camiller4916 3 วันที่ผ่านมา +1

    What about annual Portuguese taxes? I read it’s a worldwide annual range from abt 15% to 48%. Have you found these tax brackets to be accurate? Where do u bank in the US? Do u have a US domicile for voting, banking (retirement accounts, etc), and filing taxes? Also, what are the inheritance laws, I don’t want to leave a legal mess for heirs

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      Ola ! Glad you are here. Come join our monthly online meetup group at www.patreon.com/itllbefun and come take a look at our Ultimate Moving Abroad Program at www.itllbefunretirement.com, where we cover all your questions. Hope to see you soon.

    • @Positive_Atrributes
      @Positive_Atrributes 2 วันที่ผ่านมา +1

      CHARLES SCHWAB brokerage account is keeping good enough for non-resident citizens, but they may ask for your Portuguese tax identity NIF number, because of their own reporting status requirements!
      REDOMICILE to South Dakota in a few days, for the best state without increasing income taxes! Fortunes are keeping good enough for the favourite thing of brave courage!⛑️

    • @ItllBeFun
      @ItllBeFun  54 นาทีที่ผ่านมา

      Interesting

  • @keithrosenblum3862
    @keithrosenblum3862 8 ชั่วโมงที่ผ่านมา +1

    You mentioned you have US IRAs. Are they being taxed by Portugal?

    • @ItllBeFun
      @ItllBeFun  4 ชั่วโมงที่ผ่านมา +1

      Boa tarde! Once we withdraw from them we will pay the USA tax and then any additional tax required by the Portuguese tax authority. It is all based upon treaty agreements and the amount we remove.

    • @keithrosenblum3862
      @keithrosenblum3862 2 ชั่วโมงที่ผ่านมา +1

      Thanks, Alan. Where are you from in the Chicago area?

    • @ItllBeFun
      @ItllBeFun  56 นาทีที่ผ่านมา +1

      Crystal Lake

  • @lizcain2444
    @lizcain2444 วันที่ผ่านมา +2

    HI, I'M 63 YO DISABILITY PENSIONER LADY LIVING IN SYDNEY.
    I CAN CALL SYDNEY / AUSTRALIA IS A DREAM COUNTRY. MY LIVING COST IS MUCH CHEAPER THAN PORTUGAL/TURKEY/THAILAND ... + HIGHER QUALITY IN EVERY ASPECT.
    HEALTH IS FREE & VERY CHEAP MEDICATION HOUSING ENERGY FOOD. HOPLIDAYS TO ASIAN COUNTRIES ... THANX 4 READING 🌏🌏🏖

    • @ItllBeFun
      @ItllBeFun  วันที่ผ่านมา +1

      Thanks for watching and for sharing.

    • @ticktock2383
      @ticktock2383 8 ชั่วโมงที่ผ่านมา

      Australia locked its citizens down like criminals duriing the C panic. No thanks.

  • @alex10291
    @alex10291 2 วันที่ผ่านมา +2

    I wish i was born a baby boomer 🤣

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      We are glad you are here. I am not sure why. But thanks for being here and supporting our channel.

    • @jamescalifornia2964
      @jamescalifornia2964 วันที่ผ่านมา +1

      You can always pretend 😉👌

    • @ItllBeFun
      @ItllBeFun  55 นาทีที่ผ่านมา +1

      Done

  • @roxanneloyst3733
    @roxanneloyst3733 2 วันที่ผ่านมา +1

    We would love to come and rent for a month. It looks fantastic.

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      You should come. We would love for you to join our monthly online meetup group. You can find it at www.patrein.com/itllbefun or on our website at www. itllbefunretirement.com

  • @squareenixffost
    @squareenixffost 3 วันที่ผ่านมา +1

    Nice video though i think this is good for people retired. Need to find capable work for people that still working.

    • @ItllBeFun
      @ItllBeFun  2 วันที่ผ่านมา +1

      We're glad you like the video. Maybe we can find some work opportunities on Madeira soon!

    • @Positive_Atrributes
      @Positive_Atrributes 2 วันที่ผ่านมา +1

      ALLOWING domestic work in the Portuguese markets is one of the unique things about the situation with the necessary temporary residency permits for the "D7!"
      COMPLEXITY comes with the entrepreneur "D2" for proving the necessary demands of the moving activities business environment intensive reorientation progressive increments stepping stones across the streams type thing metaphor; and the remote working contracts for big companies "D8" is the new kid on the scene!

    • @ItllBeFun
      @ItllBeFun  53 นาทีที่ผ่านมา

      ?