The Annual Global Retirement Index is considered to be the most “comprehensive and practical tool of its kind” and draws on the first-hand experiences of contributors and correspondents. The index rates a number of criteria, including housing, visas and benefits, cost of living, health care and climate.

According to the index, Portugal manages to rate highly for a number of reasons, including offering a diverse range of lifestyle options.

“A couple can live comfortably on $2,500 to $3,000 a month, depending on lifestyle and location. While popular expat hubs like Lisbon, Porto, and the Algarve can be pricier, bargains are still available”.

According to the index details on Portugal, “Monthly expenses outside of rent tend to be consistent across the country. Utilities, including electricity, gas, and water, range from €80 to €150 ($87 to $163). A bundle of two cell phones and high-speed fibre internet costs around €65 ($70). Groceries are affordable at around €400 ($434) per month, including toiletries and household items. Private health insurance for the two of us costs €550 ($600). Gym memberships run around €75 monthly, and car-related expenses, including gas and upkeep, vary from zero to €50 ($54) depending on travel.

Owning a car is pricier than in the U.S., with gas costing approximately €6.80 per gallon ($7.39). Yet, for us, the freedom to explore Portugal and access out-of-town appointments is worth it. Full coverage auto insurance ranges from €300 to €600 annually, depending on the car type and the driver’s age.

Healthcare

The report states that “healthcare in Portugal is highly ranked, offering both private and public systems. Private healthcare allows for personalised care with English-speaking doctors. Visits to private doctors cost as little as €16 ($17.40), and private insurance, priced at around €550 ($600) monthly, covers 80% of expenses”.

Expats can choose a quiet lifestyle in small villages or embrace the vibrancy of cities like Lisbon and Porto. Activities range from coastal hikes and exploring medieval towns to enjoying Portugal’s renowned wine and cuisine.

Visas

For those planning to move, securing a resident visa is necessary. The most common visa, the D7, requires proof of passive income and begins with an application in your home country. After five years of residency, expats can apply for citizenship, though careful consideration of tax implications is essential.

“When I first applied for a resident visa six years ago, I was told that after five years, I could apply for citizenship. At the time, it was the furthest thing from my mind, but as the idea grew, we began to see the appeal. With a Portuguese passport, we could live anywhere in Europe without going through another visa process”.

Author

Originally from the UK, Daisy has been living and working in Portugal for more than 20 years. She has worked in PR, marketing and journalism, and has been the editor of The Portugal News since 2019. Jornalista 7920

Daisy Sampson