Cost of Living in Algarve

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Restaurants
Edit Range
Meal at an Inexpensive Restaurant 15.00 € 9.90-20.00
Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) 50.00 € 30.00-100.00
Combo Meal at McDonald's (or Equivalent Fast-Food Meal) 8.50 € 8.50-10.00
Domestic Draft Beer (1 Pint) 2.50 € 1.20-6.00
Imported Beer (12 oz Small Bottle) 2.75 € 2.00-4.00
Cappuccino (Regular Size) 1.96 € 1.50-3.00
Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) 1.46 € 1.00-3.00
Bottled Water (12 oz) 0.99 € 0.70-2.00
Markets
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Milk (Regular, 1 Liter) 0.91 € 0.78-1.90
Fresh White Bread (1 lb Loaf) 0.96 € 0.68-1.34
White Rice (1 lb) 0.56 € 0.51-1.36
Eggs (12, Large Size) 2.88 € 2.20-3.80
Local Cheese (1 lb) 3.63 € 3.18-9.07
Chicken Fillets (1 lb) 3.17 € 1.32-3.63
Beef Round or Equivalent Back Leg Red Meat (1 lb) 9.07 € 4.54-13.60
Apples (1 lb) 1.02 € 0.40-1.36
Bananas (1 lb) 0.56 € 0.45-0.64
Oranges (1 lb) 0.66 € 0.66-0.66
Tomatoes (1 lb) 1.04 € 1.04-1.04
Potatoes (1 lb) 0.57 € 0.56-0.59
Onions (1 lb) 0.77 € 0.77-0.91
Lettuce (1 Head) 1.99 € 1.99-1.99
Bottled Water (50 oz) 0.58 € 0.40-0.85
Bottle of Wine (Mid-Range) 5.75 € 4.00-7.19
Domestic Beer (16.9 oz Bottle) 0.95 € 0.90-1.23
Imported Beer (12 oz Small Bottle) 0.90 € 0.80-2.80
Cigarettes (Pack of 20, Marlboro) 5.30 € 5.20-5.90
Transportation
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One-Way Ticket (Local Transport) 2.80 €
Monthly Public Transport Pass (Regular Price) ?
Taxi Start (Standard Tariff) 3.60 € 3.60-3.60
Taxi 1 mile (Standard Tariff) 1.13 € 1.13-1.13
Taxi 1 Hour Waiting (Standard Tariff) 15.00 € 15.00-15.00
Gasoline (1 Liter) 1.68 € 1.63-1.88
Volkswagen Golf 1.5 (or Equivalent New Compact Car) 30,000.00 € 30,000.00-30,000.00
Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) 34,070.00 € 34,070.00-34,070.00
Utilities (Monthly)
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Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) 126.82 € 77.27-170.00
Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) 18.50 € 10.00-25.00
Broadband Internet (Unlimited Data, 60 Mbps or Higher) 37.00 € 25.00-85.90
Sports And Leisure
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Monthly Fitness Club Membership 33.00 €
Tennis Court Rental (1 Hour, Weekend) 25.00 €
Cinema Ticket (International Release) 7.50 € 6.50-8.35
Childcare
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Private Full-Day Preschool or Kindergarten, Monthly Fee per Child 550.00 € 550.00-550.00
International Primary School, Annual Tuition per Child 9,500.00 € 5,000.00-14,000.00
Clothing And Shoes
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Jeans (Levi's 501 or Similar) 101.00 € 75.00-150.00
Summer Dress in a Chain Store (e.g. Zara or H&M) 40.33 € 20.00-49.99
Nike Running Shoes (Mid-Range) 70.00 € 65.00-80.00
Men's Leather Business Shoes 60.00 € 60.00-100.00
Rent Per Month
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1 Bedroom Apartment in City Centre 1,000.00 € 500.00-1,500.00
1 Bedroom Apartment Outside of City Centre 850.00 € 500.00-1,200.00
3 Bedroom Apartment in City Centre 1,800.00 € 1,600.00-2,000.00
3 Bedroom Apartment Outside of City Centre 800.00 €
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 213.68 € 139.35-288.00
Price per Square Feet to Buy Apartment Outside of Centre ?
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 937.33 €
Annual Mortgage Interest Rate (20-Year Fixed, in %) 5.43 2.75-5.50

Prices in Algarve

This city had 28 different contributors in the past 18 months.
Some data are estimated due to a low number of contributors. If you are living here, please update our data.
Last update: 12 October 2025
Sources and References
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1 Comments so far
Anonymous on Sep 08, 2022:
Real estate is insanely OVERPRICED in Portugal right now! It is inevitable that real estate prices in Portugal will plunge within the next couple of years. There are a couple of SCAM online publications like Live & Invest Overseas and IL trying to trick Americans and Canadians by touting Portugal as a wonderful place to buy property and retire overseas. If you follow their advice about buying property in Portugal (or anywhere else) you will LOSE a lot of your money very soon. They have a TERRIBLE performance track record. Just ask anyone who bought property in Colombia, Brazil or Europe in the last few years based on their advice. Those people have already lost 50% of their money due to currency losses alone and will lose much more now as local real estate prices collapse! If you listen to to idiots like Live and Invest Overseas, you deserve the losses you are guaranteed to incur. Now you can't say you were not warned. Caveat Emptor!