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Currency and Cost of Living

Portugal - Currency and Cost of Living

Portugal changed its national currency to the Euro between January and March of 2002. Prior to that the local currency was the Escudo.

Wages in Portugal tend to be quite a bit lower than those in some other EU member states. In 2003 the average annual per capita income was approximately $17,000 US. This has had the effect of keeping the overall cost of living low as well. The cost of living in Portugal can be half of that in France or Germany, and even a bit cheaper than in Greece, depending on your tastes.

Dining out, alcoholic beverages, and meats, fish, fruits, vegetables etc. are relatively inexpensive. For example, it is possible to enjoy a three-course meal for two, including excellent wine, for less than 10 pounds sterling.

Automobiles are more expensive to purchase than in many other western European countries, as are electronic consumer goods like computers, CD players and so forth.

Although property prices have increased in recent years, it is still possible to find real estate bargains, especially when compared to other resort areas in Europe. The best deals are often in areas away from the coast.

Rents are, on average, between 20 to 40 percent lower than in the UK or Germany.

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AXA - Global Healthcare

As the global healthcare specialists for AXA, the world’s number one insurance brand, we can help you get fast access to expert medical care, whenever and wherever you need it. All our plans include evacuation and repatriation, a second medical opinion service and extra support from a dedicated case manager if you’re diagnosed with cancer. You’ll also have 24/7 support from our caring multilingual team - we’ll always remember you’re a person, not a case number.

Bupa Global

At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.


Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.