Is it cheaper to live in Portugal or Spain?

In the quest to find the perfect European country for living, Spain and Portugal often surface as strong contenders. However, the cost of living is a significant factor to consider when deciding between these two countries. This article will explore which of these two countries offers a cheaper cost of living for expats.

Cost of Living in Spain: An Overview

Spain, known for its vibrant culture and beautiful landscapes, is a popular destination for expats. We'll delve into aspects like housing, utilities, groceries, and transportation to paint a clear picture of what you can expect to spend if you choose Spain as your home.

On average Spain is 12% more expensive than Portugal for living costs such as food, travel and housing.

Cost of Living in Portugal: What to Expect

Portugal, with its warm weather, friendly locals, and rich history, is another attractive option for expats. But how does it fare in terms of living costs compared to Spain? Let's analyze key living expenses in Portugal to give you a detailed insight.

Most day-to-day costs are much cheaper in Portugal than Spain, however, it’s worth considering where you plan to live which can have a very large impact on your cost of living. 

Major cities such as Faro, Porto, and Lisbon can make a big difference to your costs, particularly for housing. Lisbon house prices have grown exponentially over the past 10 years and show no signs of slowing. Making buying and renting in Lisbon more expensive than Madrid or Barcelona.

Spain vs Portugal: The Bottom Line

When comparing the cost of living in Spain and Portugal, it's essential to consider various factors - from rent and groceries to health care and education. Which country emerges as the more affordable option? We'll draw a conclusion based on our detailed comparison.

Making the Move: Why Consult an Immigration Lawyer

Moving to a new country involves numerous legal and logistical challenges. Consulting with an immigration lawyer can ease the process, ensuring a smooth transition. They can help you navigate through the visa processes for Spain or Portugal and assist with understanding local laws.

Contact Movingto for Personalized Guidance

Unsure whether Spain or Portugal is the right fit for you from a financial perspective? The Movingto team is here to help. We offer personalized guidance tailored to your unique needs and circumstances. Contact us today for more information.