Are you planning to relocate or travel to Porto, Portugal? Below you can check the data for the cost of living in Porto, one of the most beautiful cities in the Iberian Peninsula.

Cost of Living in Porto, Portugal

While Porto is not the capital of Portugal, it is one of the most visited cities in the countries. Famous for its wines and delicious seafood, Porto is also a liveable city with a relatively affordable cost of living.

Just like Lisbon, Porto is experienced a renewed interest among expats and tourists. The quality of life, pleasant climate and affordable cost of living for European standards are playing a major role in the current attractiveness of Portugal globally.

As this rise has been already steady for some years, prices in Porto, especially when it comes to accommodation and real estate are also surging. While Porto remains more affordable than Lisbon, it is considerably more expensive than it used to be 5 or 10 years ago.

Porto also offers excellent transport connections. The Porto Airport is the second busiest in the country after Lisbon, and has direct flights to many European countries, as well as destinations in North and South America. It is also a major hub for Portuguese railway and bus transport.

Let’s check some data for the cost of living in Porto, Portugal below:

The currency in Portugal is the euro. The conversion rate to the EUR is 1 dollar to 0.96 EUR as of November 22, 2024.

If you want to suggest your own values based on your experiences in this city, click on edit and insert the values. Upon moderation they will be calculated to make part of the average prices displayed below.

Cost of Living for Students in Porto, Portugal

Portugal is a great destination for higher education students. It offers a wide range of graduate and masters degree in both public and private institutions. While many of them choose the capital Lisbon, Porto also offers a wide range of higher education degrees in both public and private institutions. While most degrees are taught in Portuguese, there is a growing trend of diplomas taught in English, especially Masters and PhDs.

The cost of living for students in Portugal is relatively affordable. Just like Lisbon, the highest cost in Porto is the accommodation. However, prices in Porto are considerably cheaper than Lisbon, making it more attractive in financial terms for students.

Here are some of the main higher education institutions in Porto:

University of Porto

Oporto Global University

Universidade Lusófona do Porto

Getting a Job in Porto

Currently the Portuguese job market is pretty dynamic, and the unemployment rate is below countries like Italy, France or Spain. Porto is the second city in Portugal in terms of career prospects, just after Lisbon. The city is also a center for outsourcing, as salaries are lower in Portugal than in most Western European countries.

Despite wages being rather low in Portugal (both average and minimum), there are a high number of employment opportunities in Portugal. There is a high demand for speakers of multiple languages, and you can also find something even if you do not have a good command of Portuguese. Porto is also a great place to look for a job or start a business in the tourism sector

Here are some websites for job hunting in Porto:

OLX.PT

Empregos Sapo

indeed.pt

Quality of Life in Porto

Porto has a pretty high quality of life. Among its highlights, the high level of safety, low pollution and pleasant climate year round make of Porto a highly desirable city for expats.

When comparable to Lisbon, Porto has a great advantage of being more affordable. That is especially the case when considering accommodation costs. While salaries are just slightly higher in Lisbon than in Porto, real estate is considerably more expensive than in the capital.

You will not have problems(at least as a tourist) if you come to Porto and you don’t speak English. Most locals have at least a basic command of English. If you want to invest or find a job in Porto, learning Portuguese will be a determinant factor of your pursuit in Portugal.

If you are visiting Porto soon you may also want to check some of our other Portugal guides. Check the where to stay in Lisbon and our article on the best places to stay in Porto. You can also check the our article on the average and minimum salary in Lisbon and the cost of living in Lisbon.

Other Resources for Expats and Travelers

Salaries Worldwide: check our articles on wages worldwide and understand better the economics of the countries you may be considering to move or invest.

Retire Abroad: check our retirement guides and maximize your retirement income and quality of life.

Jetradar: compare and find the cheapest air fares worldwide.

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Expats have a lot of criteria when it comes to picking the country they like to move into. Some look for countries where they can relax and go to places rarely found in their homeland. Others look for countries which they can retire to for good after working so hard. A few select countries far away from their homeland to start a fresh. Regardless of these criteria, there are a select few countries which attract a lot of expats.

On June 28, Portugal’s Foreigners and Borders Service (SEF) released the 2018 Immigration, Frontiers and Asylum Report (RIFA) as part of its 43rd anniversary. The report reveals that the number of expats living in Portugal has increased for the third straight year.

Which Countries has the Most Number of Expats in Portugal?

According to Eduardo Cabrita, the minister for Internal Affairs, the new arrivals are welcome in Portugal. Some of these new arrivals are students, workers, investors and researchers. With their presence, they can assist Portugal’s growth and development.

He also explained the data highlights that there is an increase in expats coming from Brazil and Cape Verde. These two nations have Portuguese backgrounds, which makes it easy for them to adjust to the country. He also cited that expats from the United Kingdom, France, Italy, Nepal, Bangladesh, India and Venezuela have also increased. The increase has led to the growth in the agriculture, specialized tourism and construction.

Out of all the expats entering the country, Italy has reported a high percentage increase. Currently, 18,862 Italians are living in the country. The report also listed that French expats have increased to 19,771 people. It recorded a 29.1% increase since 2017. It is believed that this number has increased due to the tax regime present in the country.

Brazilians also remain as the largest foreign community in Portugal with 105,423 expats. Most of them moved to the country for economic reasons. Cape Verde (34,663), Romania (30,908), Ukraine (29,218), United Kingdom (26,445), China (25,357), France (19,771), Italy (18,862), Angola (18,382) and Guinea-Bissau (16,186) follows in the list.

The report also listed that more than two-thirds of these expats or 68.9% are in Lisbon (213,065), Faro (77,489) and Setubal (40,209).

The report also cited the number of requests for Portuguese nationality, asylum and foreigners prevented from coming into Portugal.

How to Get to Portugal?

Visiting Portugal is very easy as direct flights are available from North America, Europe and Asia. European countries can also travel to the country via EuroRail or by cruise ship. Major cruise liners also have routes stopping at Portugal’s major ports.

If you plan to visit Portugal, you can check out sites like Visit Portugal to get ideas for your trip. If you want to live in Portugal, we have some articles here in the site which could help. These articles include why it is best to visit Lisbon, where to stay in Lisbon and Porto, the cost of living in Lisbon and Porto and the average salary in Lisbon. We also have a guide on how you can retire in Portugal.

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