Life in Portugal, Cost of Living, Monthly Budget
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- เผยแพร่เมื่อ 21 ก.ย. 2024
- Brent is in the Santos neighborhood of Lisbon visiting the famous Green Street and enjoying a chocolate salami with his coffee while talking about a monthly budget living in Portugal.
Pastelaria Conde / pastelariaconde1929
#food #travel #culinaryadventure #lisbon #portugal #pastry #lifeinportugal #monthlybudget #destinationeatdrink
Thank you for this! Just starting my process and looking forward to life in Portugal
Great video - After a long expat life with the UN in multiple countries, I am planning on moving to Portugal in about 4 years! Looking forward to it.
I have been to Porto and it's beautiful I want to go back
I love Santos! ❤one of my favorite neighbourhoods❤
I cannot disagree with the costs/lifestyle etc - a well thought out and presented video.
Its called salamy since they create a long salamy shaped roll, and then slice to pieces 😊
Enjoy the sound of Lisbon.
thank you so much, such a useful, great episode!
Portugal is getting INSANELY EXPENSIVE!
Chris, do u think spain is cheaper?
No it isn't.
@@ianworley8169 Portugal is not getting expensive u mean?
why do you think that is lmao hint in the video
Great Information!
Best one Yet !
5:09 another truck! 5:18....here comes a bus! lol. ty 4 vid
I really enjoyed this video. I definitely would like to know about the health cost in more depth🙏🏼
Have you made a video on Setubal? Residential areas, fresh produce markets and fish markets
Yes, I've made a few in Setubal. Someday, I'll make one about the incredible Livromento Market.
Hello, We are retired Americans (I still teach online) traveling through Porto (Feb 22-28) on our way back to Portland, Oregon.
Our journey began in Lviv helping a new school open. We left Ukraine on December 15 for Krakow. Visited Gdansk- beautiful!! We will travel to Tallinn, Estonia staying Jan 30-Feb 20.
From Tallinn, we will fly to Porto. During our stay in Porto, we hope to see the city and maybe begin the Expat move there. Which Airbnb do you recommend? We prefer near the "old town" feel.
Thank you! Dean & Cindy
Please piss off back to portland. Thanks
Could not stop watching the old man sitting there asleep on Green street during that segment 😂
Great video, very informative!
I also explored Portugal three times thinking I might move there, but I found it harder to live there. Love the place as a tourist but could not move there, too much bureaucracy, and also impossible to walk on the streets because of the slippery tiles they're everywhere! The food is great, but Portugal is cut off from the first rest of Europe, so it's not easy to travel from there to other places so I guess I will not be moving there. And don't get me started on the humidity in the mould issues in most places only on a healthy. Largely it's a very poor country with quite unsatisfactory infrastructure, which of course includes apartments.
Bureaucracy is certainly an issue in Portugal, as it was when we lived in the United States. As for being cut off from the rest of Europe, Portugal has 3 major airports with direct flights to most of the rest of Europe. Hopefully, the planned high speed rail projects will further connect Portugal to Madrid and, by extension, the rest of Europe by train.
In the winter, there is high humidity in much of Portugal. We combat the issue by keeping air circulation high and running a dehumidifier.
Yes, Portugal is one of the poorer countries in Western Europe, but I would say that the infrastructure is very good. This includes excellent public transport (rail, bus, ferry) in most cities. The road network is good and well maintained. Internet, which is part of infrastructure, is high speed and relatively inexpensive, though 5G rollout has been slower in Portugal than some other parts of Europe.
Regarding the tiles, wear rubber soled shoes and watch your step.
@@destinationeatdrink946 Yes, I am aware of what you mention, but having to run a dehumidifier, among other things is just so so cumberson! I dont want to feel like the poor kid I was when I had to live a moldy basements with water leaks😭 And all this hassle .... on top of paying so much for rent in a place like Lisbon. Even hotels reek of mold! Just not for me. otherwise, it is a lovely place to visit for a week.
@@destinationeatdrink946 And I have been to many parts of Portugal, including the south and the north.
Another big cost of living in Portugal is portuguese TAXES. And don't forget that US citizens will also have to pay tax in the US as well. I think it's the only country in the world to tax its non-resident citizens.
Can you explain more in depth? If I work from home for a US company, what taxes will I have to pay, other than sales taxes & how expensive are their taxes?
@@yumyumkitty2104 Everyone resident in Portugal, whatever their nationality, will be required to declare ALL their annual income from ALL sources, from anywhere in the world, to the portuguese Tax department, even for income that is tax-exempt in Portugal. This declaration must be done online until 30th June for all income earned the previous calendar year, from the date you got your residency visa.
Different incomes attract different taxes. For instance if all your income is your salary, you will have to pay IRS tax on it and it goes in tiers from 14.5% for a monthly salary of 880 Euros to 48% for a monthly salary of 20.000 Euros or higher.
BUT... each person can deduct a lot of personal expenses from their final tax bill such as health expenses, education, training, even phone & internet when necessary costs for their work as self-employed, etc so in reality people pay less than the above rates.
ALSO... married couples have rebates, as well as people with children and dependents.
If you have different incomes from different sources, for instance, from salary as an employee, income as self-employed, youtube income, financial investments such as shares & bonds, rental income from a property, income from sale of property... each type of income is subjected to its own tax rules and rates. For instance AirBnB rental attracts 28% fixed tax. Rental income from a long rental property attracts lower tax and has big discounts.
If your visa is a Digital Nomad visa for a year only of residency and non-renewable, you may be exempt of most taxes in Portugal, but not in US. You'll have to find out in the US what tax & how much you'll be paying in US when living outside US.
Each situation is different, so you'd better consult an international tax expert for your specific situation. What applies to one person may not apply to another.
This information is just a very basic illustration. You should do your own research before moving.
Not if the country you are coming from has a dual tax treaty with Portugal.
No wonder it's getting ritzy with all of the tax collecting.
But this couple are residents? If you wrre staying for more than 90 days you would have to be residents.
All stuff is mutch the same as the uk prices ,rents will be a problem long term, cars are expencive
Love Tavira ❤️👍🏴
....am I to old to travel around Portugal. I am 70. I would like to rent here for a little while.
My husband and I are planning to get a flat in Portugal in 2-3 yrs where we can come for 5 months a year. Hubby can work remotely…… and me as BSN RN will call it quits.
I was born in Lisbon and moved to the U.S. as a baby. Now a U.S. Citizen. Grew up speaking Portuguese…. thus presently not great.
But better understood then to speak. As a child we’d visit Portugal a lot and would go to Setubal. We have just started looking and we spoke of Setubal! Our concern was transportation in Setubal. Any information you can share. Do you have info on Setubal? Can you describe economic regions of stubble? Oh and weather!
THANK YOU SO MUCH!! As I stated we just started looking via the web and coming in 1-2 months to visit and get a feel for areas. Question do most people own or rent? FYI - have family in small towns/country area and that is not for me at all. I’m a city girl and by hubby needs to be in a city with his job. Any input would be great!!!
Setubal has excellent public transit (bus) in the city. There is also service to Lisbon by train or bus that takes 40-60 min. Most people own their homes (apartments) but some rent. I strongly recommend renting for at least 1 year before buying. The weather in Setubal is similar to Lisbon, warm (hot) and dry in the summer, cool and damp (rain) in the winter.
@@destinationeatdrink946 THANK YOU SO MUCH!!
Great video - very informative. Would you recommend Setubal for non-Portuguese speaking expats? I am over in Spain and Portugal next month looking for somewhere for my Japanese (English-Speaking) Wife and I to move to (we`re currently in Tokyo). It`s important for her to meet English-Speaking people (and she prefers an American accent!). I know Portugal reasonably well (mainly The Algarve) and keen in the Lisbon area (worried about costs) and Porto.
Setubal has a fairly large community of North Americans. I'd suggest joining the Our Setubal Community Facebook page.
@@destinationeatdrink946 really appreciate the quick response - THANK YOU. I`m now scheduled to be in Setubal 20 & 21 July.
I appreciated the information you provided on this TH-cam video. I am looking forward to retiring in Portugal and feel it would be a wonderful experience and lifestyle. Do you have contact information for realtors or folks that can assist in getting a furnished rental apt or house in the area that you are living?
I’ve been to Lisbon, Portugal. I’m from the US and planning to retire there when I turn 62, marry a beautiful Portuguese traditional woman and have a kid. It’s a wonderful place. I like Europe as it has a lot to offer.
How do you expect to find a beautiful Portuguese woman in child-bearing age in your 60's? You'd need to be incredibly attractive, rich and look amazingly young for your age :D
@@talknight2 anything is possible if you have the determination
Go to the Philipines if your looking to find a woman of child bearing age of you're in your 60s. As someone in their early 60s, who's lived in Portugal since 2002, trust me, you will not find a 'traditional woman of child bearing age'. Why you would want to, is another question, but look elsewhere.
❤ Do you know how much a portable A/C with the vent hose to the window costs over there - are there Best Buy type stores.Cost of running portable A/C daily ? ❤
Leroy Merlin is one of the most popular big box stores here. A portable A/C starts at about 300 Euro and goes up from there. I can't say what the operating cost is.
What is the required income for a retiree with US Social Security and quarterly trust fund payments? I get about 1200.00 per month. Will that be enough for residency?
Currently, the income requirement to get a D7 visa is €820.00 per month. This figure changes yearly and is currently tied to the minimum wage.
@@destinationeatdrink946
Thanks 😊
I've heard the housing has no heat or air.
Many houses and apartments don't have heat or a/c.
Its a mild Mediterranean climate, the houses are built in a way that doesn't require an hvac system but most homes will have portable a/c & heaters for extreme days.
Hi there, is your place furnished? Thks
Not sure how you live without A/C there… it’s very needed in the Summer
Most places in Portugal don't have A/C, however, it is becoming more common.
houses are generally built in a way as too not required a/c
@@paulcatarino2209 not when it's in the 90's F... this is a problem all across Europe... it's just too hot these days
@@lambertmike its a small country, but depending on where you are makes a difference. I've been in the interior (close to Spain) where the temp can get to over 100 f, but its a dry heat (0% humidity) it was still comfortable, only needed the portable a/c working in the late afternoon early/evening when the thick stone walls start to radiate the heat they have been absorbing all day.
If Lisbon is too expensive why not visit the interior like Cadtelo Branch? Things are cheaper here
He's not in Lisbon. He's in Setubal.
Great video! Please share the company name of the health insurance?
I am interested in learning about the difference between health insurance and health plan. EDP offers health plan. Thank you.
Some of the largest private healthcare insurers are Allianz Care, Cigna Global, and Tranquliidade AdvanceCare
we have Mgen, about 900 annually for each of us.
@@craigbjork7786 Thank you.
Brent, have been enjoying your videos in preparation of moving to Lisbon. Was wondering about Setubal - can you live without a car?
We find it quite easy to live without a car in Setubal. Amenities are close by and public transport is very good.
Really enjoyed your video, Brent. Thank you! If I bought a cheap rural place outright would €1400 be enough to survive on do you think? (Irish passport-holder, fluent Portuguese)?
Expenses in Portugal range quite a bit depending on location and lifestyle. Housing is the largest expense, but if you buy a place outright, that expense doesn't exist. However, I would exercise great caution when buying a cheap rural place. My advise would be to get get a very good buyers agent when looking for a property and a lawyer. Ask lots of questions. The best thing to do would be to rent for a few months to get a feel for the location you're considering. Good luck!
There are so many factors to consider (lifestyle, heathcare, transportation) that this is a difficult question to answer. However, if you live frugally, 1,400 might be a budget, though pretty tight. Be sure to look very carefully before buying any rural property. There are many, many unforeseen pitfalls like difficulty hooking up utilities. Make sure to hire a professional to guide you. Best of Luck!
What about the taxes on Social Security and IRA withdrawals with the NHR going away? That may be the biggest expense of all and it can’t really be lowered.
I would like to move there kind of stuck at the passport stage and dont know anyone there.
Living in us is getting crazy expensive only damn insurances kills for no stupid reasons.
while the Ritch getting Ritcher Capitalism is finished in the west.
Hello. I am from Bangladesh. If I want to move to Portugal with two children ( one 12 years and one 10 years with zero Portuguese language) what would be the cost and also I want to know abou education available and the quality as my kids r very good at English? Can you please help me out?
when they are living in Portugal it will come easily.
My father can manage a D 7 visa to come to portugal with residence. So, he has a plan to open a supershop. Can you give advice on which neighbourhoods it would run the best and maybe some facts about supershops there?
That's not how business works, you'll need to be more thorough in your approach. I am a commercial accountant - I know. Wait.
🙄What do you mean by supershops? Do you mean a supermarket?
how safe porto to live and how people survive with that low salary?
Portugal in general and Porto specifically is very safe. Yes, salaries are low, some of the lowest in Western Europe.
How do the portuguese SURVIVE with low salaries???
75% of the portuguese population own their homes, most don't have mortgages or loans to repay. Those who do have mortgages usually pay less than a third of their combined family monthly income in mortgage repayments. Without mortgage or rent bills, all the income can be used for living expenses.
Properties are often inherited and passed down the family, with grandparents, parents and children often living together under same roof, so shared bills = lower bills. Most families own more than one house, with a second home in the country or coast, usually an ancestral home that is kept as a shared inheritance and used by all family members for holidays. Those who do not own a second home are often invited by friends who do = cheap holiday breaks.
Portuguese people have a cultural instinct to save their income, because everyone knows that luck & prosperity may change any time. Most have some savings and don't spend their money on trivialities & junk.
Families help each other a lot: when a young person wants to buy a home to start a family, usually the rest of the family helps with the deposit, from a few hundred to a few thousand... whatever each can afford.
Food is very important for the portuguese, but they don't spend their income on junk food: they buy good ingredients and cook at home, they eat well for a fraction of the price. Even things like coffee: many always have coffee at home, unless they are socializing. Over a year that's enough savings for a holiday.
Right now there are many folks in big cities who are struggling to make a living because of inflation, but the government is helping the most needy with extra subsidies for rent, mortgages and bills.
Portugal is not perfect but we don't have as many homeless as in other rich countries, there is more social solidarity = social securiy net and legislation to catch the ones that fall through.
Still... we do need higher salaries. Hopefully that'll come soon with higher productvity.
so how to survive especially if moving as non porteguese ?@@destinationeatdrink946
good to know , thanks for such a detailed answer, ok so let me rephrase the questions again, how to survive in portugal as expat coming from non eu country as non portequese without any house or good saving so that only be surviving with a wage from a company as eng which is the lowest in europe and renting the highest rooms in shared houses not even a single studio flats? @@donnacosta5633
@@user4name To move to Portugal you need to bring a minimum income with you from outside Portugal, such as a pension, regular income from online work, contract with foreign company, rental income etc.
Don't expect to get a residency visa if you don't have the minimum income required to apply for one.
And don't expect to find paid work in Portugal if you don't speak the language.
If you are a qualified & experienced professional in one of the fields with shortages of staff, you may be able to find a job, but at portuguese salary.
Visit Viseu
Do they tax disability or social security?
Portugal looks beautiful but I have a hard time understanding Portuguese. I speak English and Spanish and when I hear Portuguese is sounds like Spanish speaking with marbles in your mouth.
For your information (informação) Portuguese is the language (linguagem) that is the most similar (similar) to English than any other language in the world,actually all 5 latin languages Portuguese, Spanish, Italian,French and English have hundreds of words in common (comum) with one another but Portuguese is the closest you can get to English,only the connection words between verbs,adjectives and names are completely different (completamente diferentes),and in case you haven't noticed yet we also add an S in the plural (plural) form (forma) of the word. Just pay attention (atenção) to verbs (verbos) and adjectives (adjectivos) for the most part (parte),there are certain (certos) names (nomes) of objects (objectos),human organs (orgãos humanos),body functions (funções), diseases,and some other stuff that are almost the same, sometimes the word is exactly (exactamente) the same but only the pronunciation (pronunciação) changes a bit,for the most part the letters (letras) are the same till de middle of the word...Just get yourself a list of (lista) of verbs and adjectives, whether it be handwritten or from the internet, transfer it (transfere-a) into Google translate (tradutor) and you will not believe your eyes. Of course most people will not believe a word I'm writing unless they possess (possuam -plural form of the word possess here) a deep knowledge of both the English language and Portuguese. Another fact (facto) is that the longer (longa) is the word the more certain it is you will have the equivalent (equivalente) word in Portuguese, talking about high education (educação) vocabulary (vocabulário) that is used by doctors(doctores), judges (juízes), phd's and masters graduates (graduados) etc, which are also words that the average citizen (cidadão) doesn't use (usa) since there are shorter synonyms (sinónimos) that can be used instead...I'm glad I could educate you a bit here,happy trails home boy 😎👍🏻🇵🇹🇳🇱🙋🏻♂️.
I struggled with Spanish, as l get tongue tied with all the 'thhhh, thhhh, 😂😂
Try less arrogance then you might understand more
Spanish sounds like gay person is speaking after getting stung on the tongue by a hornet😂
@@antoniodasilva1230 rofl damn dude that's harsh. Well I used to live in Venezuela, so you didn't hear the Spanish accent
Portugese are lovely people but pretty bad drivers. Living here for over 2 years. Get insurance.
True
Nope
😄What do you mean with bad drivers? I'm sure you mean to say aggressive style of driving, and yes that is completely true and in my opinion it has to do with anger,frustration,helplessness, despair and a bunch of other negative feelings that everyone has been feeling for the last 23 years since we started using the €uro as a currency making the life cost go up twice as much in one go in comparison with the previous currency called 'escudo' (shield)...As an example 50$00 escudos (0,25c. in today's euro's cents) could pay for multiple breads or a handful of chewing gums,or 1 kg package of sugar, or 1kg of rice, or 1 kg of flower,maybe even x2,you know goods of 1st need for the most part.Back in the nineties life was still somewhat enjoyable, of course there was complicated issues to be solved and resolved,the country has undergone massive improvements and reforms in the meantime but the fact is that core areas that have a direct impact on the quality of life of the population have been seriously neglected since then,talking about the public education system,public health system,social security system and judicial system just to name a few because the list keeps on...That's why you have this end result when it comes to having angry drivers behind the wheel in Portugal, it also gave wing to being one of the European countries with the highest road fatalities toll, I know for sure we were at the top of the list in recent years but at the moment Romania sits at the top with 96 road deaths per 1million inhabitants in a total of close to 20 million people...I hope you get to see some sense in my long statement here,👍🏻🇵🇹🇳🇱🙋🏻♂️.
Back in 79/80 I would agree, today nope, better drivers than in the U.S.
@@craigbjork7786 this guy thinks that he could drive without insurance around and how much harder it is to get a driver's license and if we look at the news and web sure looks like it's the other way around and they are careless
Hello Brent - are you Instagram?
You need about 2000 euros afters taxes minimum per month, 2500 if you want to have a car (Feb 2024).