Is It Better To Retire In Portugal Or Spain?

How much money do I need to retire in Spain?

Average Cost to Retire in Spain It’s possible to retire comfortably in Spain on about $25,000 a year.

That breaks down to roughly $2,083 per month.

Of course, it is possible to live in Spain on less — $20,000, for instance..

What is the cheapest city to live in Portugal?

GuimarãesGuimarães. This is the place where the whole country was born. It’s located in the north (further north than Porto) and it’s a city filled with history. It is the least touristic city mentioned in this text and, therefore, the cheapest one to live in too.

Can I afford to retire in Portugal?

As mentioned above, you can retire comfortably in Portugal, in a large city, on an income of $1,400 per month — or less. For some people, the value of your Social Security benefit is enough to cover your costs of living. You can estimate your benefit amount with this Social Security calculator.

Where is the warmest part of Spain in January?

Costa del SolEnjoy your trip! Costa del Sol is the warmest place in mainland Spain in January.

Where is the best place to retire in Portugal?

AlgarveThe sunny coastal region of Algarve, home to more than 100,000 resident expat retirees, is the best place in the world to live or retire that nobody’s talking about. Particularly appealing are the two municipalities of Silves and Lagoa, both slightly west of the center of Portugal’s southernmost province.

Is there free healthcare in Portugal?

This service is available to all residents of Portugal. Healthcare under Portugal’s national health system is free for children under 18 and for people over 65. Otherwise, unless it is urgent care or falls under specific circumstances, healthcare is available under the NHS at a low rate.

Do expats pay taxes in Portugal?

If you are classed as a tax resident, your worldwide income is subject to Portuguese income tax. This income could include salary, rental income and capital gains. … If you are a non-resident in Portugal, only income earned in Portugal will be liable for tax, typically at 20%.

What part of Spain is warm all year round?

The Costa Blanca is another of the areas in Spain in which the sun hardly ever takes a holiday. The southern part of the Region of Valencia has a warm Mediterranean climate all year round.

Is it better to live in Portugal or Spain?

Quality of life in Portugal’s capital is marginally higher with the main differences being lower air pollution, less traffic and better property-to-income ratios. Both cities have good rates of employment but Madrid tips the scale in job opportunities.

Is retiring to Spain a good idea?

Retiring in Spain is a very good idea. Spain has many great benefits for expats retiring there such as a low cost of living, a great climate and excellent affordable healthcare. All of these benefits give expats retiring in Spain a very high quality of life.

Which part of Spain has the best climate?

Canary IslandsThe Canary Islands boast the best year-round climate with warm winters and temperate summers, and temperatures of between 20 to 27C (68 to 81F) throughout the year. Hours of sunshine are similar to the Costa del Sol.

Is Portugal cheaper to live than Spain?

Generally speaking, Portugal is cheaper than Spain, although the flight there will likely be the most expensive part of your Portugal vacation. … Overall, Portugal remains one of Europe’s most appealing budget destinations, although Spain is hardly expensive as far as Western European countries go.

Where is the warmest place in Spain in the winter?

Where are the best places to buy in Spain for winter sun?When you woke up this morning did you see grey skies and rain? … Gran Canaria is probably the warmest in winter. … A quieter and very picturesque place is Puerto de Mogán in the west of the island. … Tenerife is also extremely popular for winter sun.More items…

What is the coldest month in Portugal?

JanuaryThe month with the lowest average high temperature is January (14.8°C). The month with the highest average low temperature is August (18.6°C). The coldest month (with the lowest average low temperature) is January (8.3°C).

Is it expensive to retire in Portugal?

The Cost of Living in Portugal Portugal’s cost of living has been rising steadily for the past five years. However, the country remains a relative bargain compared to other places in Western Europe. A couple could live comfortably on 1,915 euros per month, including 1,000 to 1,250 euros per month for rent.