Cost of living in Portugal
The cost of living in Portugal runs at about 65% of US prices, and the D7 visa asks a retiree to show at least €920 a month in 2026.
Official prices, where your money goes further, and a budget built from your own rent and insurance. Checked against official sources on Oct 8, 2026.
- Price level
- ~65% of the US Household consumption, 2025. World Bank. Checked Oct 7, 2026.
- Tax on a foreign pension
- 12.5% to 48% Foreign pensions are taxed. PwC Tax Summaries. Checked Oct 8, 2026.
Build your Portugal budget
No official source tracks what expats pay in rent, and rent is the biggest line in any budget. So this starts from what is measured and adds your own numbers.
Get rent from current listings in the area you like and a written quote for health insurance at your age; the total then shows how far it sits above the $1,028 D7 visa minimum.
Your monthly budget
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Cost of living questions
How much do I need a month to live in Portugal?
It depends mostly on rent, which no official source tracks for expats. Add your rent and insurance quotes in the calculator above, and keep the $1,028 D7 visa minimum in mind as a floor, not a budget.
Is Portugal cheaper than the US?
On average, yes: the World Bank puts household prices in Portugal at about 65% of US levels (2025). Imported goods, cars and electronics can cost as much as at home or more.
Is Portugal cheaper than the US for retirees?
Prices in Portugal run at about 65% of US prices, by the World Bank's price level comparison.
How much money do I need to retire in Portugal?
For the D7 visa, at least the minimum wage: €920 a month in 2026 for one person, plus €460 for a spouse and €276 for each child. That is the legal minimum, not a comfortable budget.
