Is Lisbon an affordable place to live?
Lisbon, the capital of Portugal, is a city known for its stunning architecture, rich culture, and delicious food. In recent years, Lisbon has become an increasingly popular destination for tourists and expats, drawn to its warm climate, friendly people, and relaxed way of life. But is Lisbon an affordable place to live? In this article, we will explore the cost of living in Lisbon and whether it is a budget-friendly destination.
The good news is that Lisbon is generally considered to be an affordable place to live, particularly when compared to other major European cities such as London or Paris. According to Numbeo, a website that provides information on the cost of living in cities around the world, the cost of living in Lisbon is around 36% lower than in London, and 29% lower than in Paris.
Basic amenities
One of the biggest expenses in any city is housing, and Lisbon is no exception. However, compared to other European cities, rental prices in Lisbon are relatively low. The average monthly rent for a one-bedroom apartment in the city center is around €850, while a similar apartment outside the city center will cost around €600. Of course, the cost of rent will vary depending on the location, size, and condition of the apartment, but in general, Lisbon is considered to be an affordable place to rent.
Transportation costs in Lisbon are also relatively low. The city has an extensive public transportation network, including buses, trams, and a metro system. A single ticket for the metro or bus costs €1.50, while a monthly pass will cost around €40. Cycling is also becoming an increasingly popular mode of transportation in Lisbon, with the city investing in bike lanes and infrastructure.
Another factor to consider when it comes to the cost of living in Lisbon is healthcare. Portugal has a public healthcare system that is generally considered to be of high quality, but there are also private healthcare options available. The cost of private healthcare will vary depending on the provider and the level of coverage, but in general, it is more expensive than public healthcare.
Out on the town?
Food is another expense that can vary widely depending on your preferences and habits. However, in general, eating out in Lisbon is relatively affordable. A typical lunch at a local restaurant will cost around €10-15, while a three-course meal for two at a mid-range restaurant will cost around €50-60. Supermarkets and local markets are also a great option for those looking to save money on food.
One expense that can add up quickly in Lisbon is alcohol. While a cup of coffee or a bottle of water will only cost a few euros, a beer or a glass of wine can be significantly more expensive. However, there are plenty of affordable options if you know where to look. Local bars and cafes often offer specials or happy hour deals, while buying drinks at a supermarket or bottle shop can be a more budget-friendly option.
It is worth noting that while Lisbon is generally an affordable place to live, the city has seen an increase in rental prices and living costs in recent years, particularly in popular neighborhoods such as Alfama, Bairro Alto, and Chiado. As such, it is important to have a clear understanding of your budget before moving to Lisbon and to do your research when it comes to finding affordable housing and living expenses.
Still worth it?
Lisbon is still generally considered to be an affordable place to live, particularly when compared to other major European cities. Rental prices in Lisbon are relatively low, and the city has a good public transportation network that is affordable and convenient. Food and drink prices are also relatively affordable, although alcohol can be a more expensive option. Healthcare costs will vary depending on the provider and level of coverage. While living costs in Lisbon have increased in recent years, the city remains an attractive option for those looking for an affordable place to live. If you’re still interested, check out this guide to moving to Lisbon.
