Written by Kittenproperties
30.05.2023
Let's dive deep into the cost of living in Porto, Portugal's second-largest city known for its charming landscape, vibrant culture, and scenic Douro River.
Porto offers a variety of local and international food choices. On average, a basic lunchtime menu in the business district will cost around €10. Monthly groceries for a single person usually range between €150-200.
For a 85m2 apartment, monthly utilities including electricity, heating, cooling, water, and garbage costs around €100-150.
Depending on the area, a single-bedroom apartment can cost between €600-800 per month in the city center, and around €400-600 outside the city center.
The price per square meter for an apartment in the city center can be around €3,000-4,000, and €2,000-3,000 outside the city center.
Porto's public transport is reliable and cost-effective. A monthly public transportation pass is around €30-40.
If you prefer to own a car, expect to pay around €25,000-30,000 for a new car. The monthly costs for petrol, maintenance, and insurance can be around €150-200.
Health insurance for a single person can cost around €400-500 annually. Medical consultations range from €50-100 per session.
The average cost of a monthly gym membership is around €30-40.
Dining at a mid-range restaurant can cost around €30-50 for two people.
Ticket prices for cultural attractions like museums and concerts typically range between €10-20.
International schools in Porto can cost around €5,000-7,000 per year.
Tuition fees for an undergraduate degree at a public university in Porto can range from €1,000-1,500 per year.
Porto has a multitude of parks, trails, and outdoor spaces to explore. Rental costs for bikes or surfboards average around €10-15 per day, providing a cost-effective way to explore the city and its surroundings.
Nightlife in Porto is vibrant and reasonably priced. Expect to pay around €3-5 for a beer in a local bar and around €10-20 for a high-quality cocktail in an upscale establishment.
If you have children, childcare might be a considerable cost. Depending on the type of care and the number of hours needed, monthly costs can range from €500-700.
Porto offers a multitude of children's activities. From sports teams to art classes, costs can range from €50-100 per month depending on the activity.
For personal grooming services like haircuts, manicures, and spa treatments, expect to pay around €15-30 per service.
Clothing costs can vary greatly depending on the brand and store. On average, a summer dress in a high street store like Zara or H&M will cost around €30-50.
Income tax in Portugal has a progressive rate up to 48% for residents. Non-residents are subject to a flat 25% rate on their Portuguese-sourced income.
The standard VAT rate in Portugal is 23%. This is applied to most goods and services.
Living in Porto offers a high quality of life at a reasonable cost. While prices vary depending on personal needs and preferences, Porto remains a comparatively affordable European city. Remember, detailed planning and budgeting will ensure a smooth transition to life in Porto. Understanding the cost of living in Porto, Portugal, involves considering various factors from everyday needs to property costs, transportation, healthcare, and more. Despite the expenses, Porto's exceptional quality of life, cultural heritage, and stunning landscapes make it an enticing choice for many.
Health insurance is not mandatory but it's highly recommended to cover any medical costs.
A monthly public transportation pass in Porto costs around €30-40.
On average, a meal in a moderately priced restaurant will cost around €10.
The cost of renting a one-bedroom apartment in the city center is approximately €600-800 per month.
Property prices in Porto city center range from €3,000-4,000 per square meter.
Bike or surfboard rentals average around €10-15 per day.
Personal grooming services like haircuts, manicures, and spa treatments range around €15-30 per service.
Monthly childcare costs in Porto can range from €500-700 depending on the type of care and hours needed.
Dining at a mid-range restaurant can cost around €30-50 for two people.
Income tax in Portugal has a progressive rate up to 48% for residents. Non-residents are subject to a flat 25% rate on their Portuguese-sourced income.
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