The cost of living in Portugal depends on the region. Like in most countries, it´s more expensive to live in big cities.
In Portugal, big cities are located in the littoral and interior regions are the poorest. Generally speaking, it´s more expensive to live in cities like Lisbon, Porto and Faro than in Guarda, Setúbal or Beja.
Although I was born in Setúbal, the third biggest city in Portugal, I´m more aware of Faro´s reality so my posts about the cost of living in Portugal will focus on this region´s prices.
The first thing you need to consider when living in Algarve is house prices. Algarve lives of tourism and prices can vary according to the season, in summer prices tend to go up.
In today´s post I will focus on flat´s rents.
The prices posted here were researched by me but you can find variations. All prices refer only to the rent, services are extras. This prices were the lowest I could find and most flats have more than eight years.
So, renting a flat with furniture in Faro can cost:
T1 - 350.00 - 400.00 Euros
T2 - 400.00 - 500.00 Euros
T3 - 500.00 - 650.00 Euros
The smaller flats are more difficult to find. There are many T3 available in the market but less T1 and T0. Many landlords rent flats with contract, be prepared to pay two rents value in the first month.
In the future, I will post about food and services´ prices.