How much does it cost to live in the Algarve as a retiree?

Living in the Algarve as a retiree is surprisingly affordable, with various factors influencing your monthly expenses. On average, a comfortable lifestyle can be achieved with around €1,500 to €2,500 per month, depending on your location and spending preferences. Accommodation costs vary widely, but letting a modest apartment may start from €600 upwards monthly, making it an attractive option for those on a pension. Dining out, particularly with the region’s fresh seafood, typically costs less than in many Western areas, allowing for enjoyable meals without overspending. Healthcare is relatively inexpensive, and with the excellent medical facilities available, retirees find peace of mind. Public transport is both cost-effective and reliable, making it easy to explore the beautiful Algarve coastline and beyond. With abundant free or low-cost activities, local markets and picturesque towns enhance your lifestyle without breaking the bank. The welcoming expat community also offers support and camaraderie, making it easy to settle in. The region's mild climate means you’ll likely spend less on heating and cooling, further lowering your living costs. For those seeking to invest, real estate in the Algarve often shows a significant return on investment, especially in rental properties. With plenty to see and do, retirees in the Algarve lead a fulfilling life without the hefty price tag. If you're pondering relocation, a visit to the Algarve might inspire you to take the plunge into a more affordable, joyous retirement. Reach out today to learn more!

Thursday, 13 July 2023 - Press