Cost of Living in Algarve

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Restaurants
Edit Range
Meal, Inexpensive Restaurant 12.00 € 8.00-12.50
Meal for 2 People, Mid-range Restaurant, Three-course 30.00 € 20.51-41.01
McMeal at McDonalds (or Equivalent Combo Meal) 6.50 € 5.25-8.50
Domestic Beer (1 pint draught) 1.80 € 1.50-5.47
Imported Beer (12 oz small bottle) 2.45 € 1.50-3.90
Cappuccino (regular) 1.86 € 1.50-2.05
Coke/Pepsi (12 oz small bottle) 1.71 € 1.25-2.05
Water (12 oz small bottle) 1.00 € 0.80-2.26
Markets
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Milk (regular), (1 gallon) 2.93 € 2.61-5.18
Loaf of Fresh White Bread (1 lb) 1.22 € 0.80-1.81
Rice (white), (1 lb) 0.55 € 0.23-0.80
Eggs (regular) (12) 1.65 € 0.72-4.10
Local Cheese (1 lb) 3.66 € 2.79-5.90
Chicken Fillets (1 lb) 2.75 € 1.27-3.18
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.20 € 1.60-6.80
Apples (1 lb) 0.63 € 0.45-1.32
Banana (1 lb) 0.53 € 0.45-0.68
Oranges (1 lb) 0.34 € 0.23-1.81
Tomato (1 lb) 0.65 € 0.45-1.20
Potato (1 lb) 0.34 € 0.23-0.91
Onion (1 lb) 0.44 € 0.36-1.09
Lettuce (1 head) 0.96 € 0.88-1.00
Water (1.5 liter bottle) 0.96 € 0.20-1.32
Bottle of Wine (Mid-Range) 3.99 € 1.20-8.83
Domestic Beer (0.5 liter bottle) 1.30 € 0.83-1.77
Imported Beer (12 oz small bottle) 1.00 € 1.00-2.00
Cigarettes 20 Pack (Marlboro) 5.00 € 5.00-5.00
Transportation
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One-way Ticket (Local Transport) 1.85 € 1.50-4.00
Monthly Pass (Regular Price) 50.00 €
Taxi Start (Normal Tariff) 3.00 € 2.50-3.50
Taxi 1 mile (Normal Tariff) 0.80 € 0.80-0.80
Taxi 1hour Waiting (Normal Tariff) 15.00 € 15.00-15.00
Gasoline (1 gallon) 6.80 € 6.25-7.68
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,000.00 € 25,000.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,000.00 € 25,000.00-25,000.00
Utilities (Monthly)
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Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 101.36 € 92.73-159.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.15 € 0.15-0.15
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 37.63 € 25.00-45.00
Sports And Leisure
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Fitness Club, Monthly Fee for 1 Adult 33.75 € 25.00-40.00
Tennis Court Rent (1 Hour on Weekend) 10.00 €
Cinema, International Release, 1 Seat 7.00 € 6.50-7.50
Childcare
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Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 350.00 € 350.00-350.00
International Primary School, Yearly for 1 Child 12,300.00 € 12,300.00-12,300.00
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 78.54 € 34.19-100.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 38.33 € 27.35-50.00
1 Pair of Nike Running Shoes (Mid-Range) 77.35 € 55.00-82.06
1 Pair of Men Leather Business Shoes 73.85 € 50.00-100.00
Rent Per Month
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Apartment (1 bedroom) in City Centre 900.00 € 600.00-1,200.00
Apartment (1 bedroom) Outside of Centre 601.90 € 450.00-800.00
Apartment (3 bedrooms) in City Centre 2,580.27 € 1,700.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,702.38 € 1,000.00-3,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre ?
Price per Square Feet to Buy Apartment Outside of Centre ?
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 1,225.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.28 1.50-5.10

Prices in Algarve

This city had 23 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: January 2023
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3 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!
Anonymous on Dec 08, 2019:
You must be speaking of IL and others. However, it doesn't change the fact that southern Portugal has the mildest climate in Europe, offering lots of walking opportunities for those if us who are retired, great seafood, history, culture, etc. With the graying of Europe, there will be many seeking warmer climes and lower prices, and the prices are still higher in most of the rest of Europe. These features would tend to support prices, but you might be right that the prices climbed too quickly.
Anonymous on Aug 22, 2019:
We are looking forward to our first visit to Faro in October.