Other Countries

Is The Algarve One Of The Best Places To Live As An Expat part 2 – Cost Of Living in the Algarve

Is The Algarve One Of The Best Places To Live As An Expat part 2 – Part one is here.

Cost Of Living in the Algarve (2022)

In the Algarve, Portugal, it is estimated that a person would need a gross salary of around €3,000 per month to enjoy a comfortable lifestyle. This figure takes into account essentials such as accommodation costs and food costs.

It has been reported that the average one-bedroom apartment for rent in The Algarve can cost anywhere from €250 to €850 per month, depending on the location of the apartment. In order to rent a studio or one-bedroom apartment in The Algarve, it is necessary to have a guarantor as insurance against payment of future rents.

For those staying for an extended period and who would prefer to buy property, prices vary depending on the location and the size of the property. As far as food costs go, it is estimated that a person would need to spend around €400 per month.

The reason for this is that Portugal has many supermarkets, such as Pingo Doce and Jumbo, which sell fresh produce at low prices. This makes eating out and shopping for groceries very convenient and affordable. The Algarve also has a thriving nightlife which offers a wide range of bars, pubs, and restaurants that offer food at reasonable prices.

It is not uncommon to find good quality meals on offer for as little as €7. For those who enjoy dining out, it is possible to eat very well for a reasonable price. The average price of a three-course meal for two people at a mid-range restaurant is around €35.

Bottles of wine to accompany the meal will cost anything from €5 – €10. This makes The Algarve an ideal destination for those looking to enjoy all aspects of European culture and cuisine, as well as all the holiday amenities that make The Algarve such a popular tourist destination.

Cons

Bad Roads

The quality of road infrastructure often leaves something to be desired here, especially when you’re out of the main cities and tourist hot spots. However, you’ll notice it much more when you’re driving around in an old car because these roads were never designed to take the strain of a few thousand extra vehicles every year.

High Unemployment Rate

Unfortunately, Portugal isn’t a great place for young graduates looking for work. This is why many end up leaving after their studies, which is a real shame and leaves an ever smaller workforce to support the aging population.

Lack of Social Life

Some people really love it here – they’re the ones with gardens, who enjoy time spent in their local town square or bars along the beachfront. However, if you’re someone who deserves more than that and is looking for a fun social life, then you’ll probably end up disappointed.

Too Much Littering

It is very common to see people throwing their cigarette butts on the ground everywhere in Algarve, which can get annoying after some time. I guess it’s because of all the tourists. Meanwhile, you’ll never see a Portuguese person throwing their rubbish on the streets.

Mosquitoes and Other Bugs

This is one of the most annoying things about Algarve, especially in the summer. Mosquitoes are everywhere, and they will drive you crazy sometimes. I honestly can’t stand them anymore, but I’m still here. Maybe that’s why most people move abroad because they just hate bugs so much.

What Expats Need to Know Before Moving To the Algarve

Moving to the Algarve is a popular goal for many Expats in Portugal. The Algarve, on Portugal’s southern coast, has some of the country’s best beaches and provides its residents with a laid-back way of life and access to an expanse of coastline that stretches west toward Spain.

However, before you pack your bags, you should acquaint yourself with the area and know a few dos and don’ts. The following list is a good way to start:

  • Portuguese people are very friendly; however, it’s still important to respect their privacy.
  • If invited to a Portuguese person’s house for dinner, it’s important to know that you won’t be served right away. You’ll wait for everyone else to be seated, the food will arrive all at once in the center of the table, and then you can begin eating.
  • The sun is very strong here, so wear plenty of sunscreens if you plan on being out in it for an extended period.
  • If you plan on driving in the Algarve, be aware that Portuguese people are very aggressive drivers, especially those who drive scooters.
  • Avoid eating at restaurants near beaches after 10 pm as they tend to close early without warning.
  • Portuguese people are very proud of their country and culture. Avoid making disparaging comments about either one.
  • You should avoid flirting with Portuguese men or women that you don’t know well as they won’t be impressed by it and may consider you to be rude.
  • Sunday is a day of rest for most Portuguese people, and many of them like to go to the beach, the park, or spend time with family. As such, restaurants can be busier than usual on this day, and some may close early.
  • The Portuguese people are very conscious of both national and international politics. Avoid discussing these subjects unless you know someone quite well, as it could be considered rude.
  • It’s important to know that while tipping isn’t necessary, it is a very nice gesture and may make a big difference in how you are treated.

Frequently Asked Questions about the Algarve

What is the best to visit the Algarve?

The Algarve welcomes guests all year round, with each season offering something different. Whichever month you choose to visit, you will be sure to experience a fantastic holiday with sun, sea and great food. Autumn & Spring are definitely great times for those who enjoy milder temperatures and a relaxed atmosphere.

Is Algarve a suitable place to retire?

The Algarve is a fantastic place to retire, offering good weather conditions and an affordable cost of living. Furthermore, you will find many people from all over the world here, meaning that there is no shortage of fellow foreigners with the same interests as you.

How can I get around in the Algarve?

Getting around in the Algarve is very easy, thanks to its excellent road network. There are many daily buses which can take you to any place in the region, while there are also local flights available. Traveling by car provides much more flexibility, though, allowing you to explore this beautiful area at your own pace.

What is there to see and do in the Algarve?

The many cities, towns, and villages of the Algarve all have their charm and plenty of activities for you to enjoy. Be sure to see some of the most important landmarks, such as the Dom Manuel Castle in Albufeira and Silves Castle. If you’re a sports lover, you will love the many golf courses here.

Where is the best place to live in Algarve?

The best place to live in Algarve depends on what your priorities are. If you want an active nightlife, then Albufeira is a great choice, while if you prefer more peace, Carvoeiro is the one for you.

Conclusion

Like we all know, there are different things we plan to do when moving abroad. If you’ve been wondering whether or not the Algarve is the best place, worry less. This is one place you should consider, and you can see the reason as we’ve mentioned above. Nonetheless, refer to this platform to know more about working as an expat in the Algarve.

Adam Fayed

Recent Posts

Is the UAE the best option for wealthy digital nomads and expats?

Is the UAE the best option for wealthy digital nomads and expats?

1 year ago

Latest Forbes Blog

Latest Forbes Blog

1 year ago

UK interest rates skyrocket – what are the ramifications?

https://www.youtube.com/watch?v=cFqR031b7e8&ab_channel=AdamFayedPodcast%28ExpatandHNWIinvesting%29

2 years ago

What is the biggest indicator of the future direction of the stock market

https://www.youtube.com/watch?v=wLJl03fCSsI&ab_channel=AdamFayedPodcast%28ExpatandHNWIinvesting%29

2 years ago

FTX collapse – Is this the end of crypto?

https://www.youtube.com/watch?v=T0xggk1GdWs&ab_channel=AdamFayedPodcast%28ExpatandHNWIinvesting%29

2 years ago

Are investors about to get truly tested?

Are investors about to get truly tested?

2 years ago