Cost of living in Portugal versus Singapore: Tips and Estimates

Last Updated on April 24, 2024 by Prince

For Singaporeans considering moving to Portugal, their motivation is often more than the Mediterranean climate, Singapore’s is often quite warm enough. So, what is the primary draw for Singaporean nationals to Portugal? Do they spend time evaluating the cost of living in Portugal versus Singapore? Or is their move primarily because of the peace Portugal offers?

Well, there is no denying that Portugal is among the most affordable countries in Europe. Therefore, it is quite common for expats from all over the world, including Singapore, to consider moving to this country to live and retire. While Portugal is relatively cheaper than Singapore, you don’t have to worry about sacrificing the quality of life should you consider relocating.

For many people, relocating to a new country is quite daunting. So, you need to have as much information as possible before taking the plunge. This post will let you know the true cost of living in Portugal versus Singapore. Stick around to find out more!

How expensive is living in Portugal?

As mentioned earlier, Portugal is quite affordable compared to most countries, not just in Europe but also in North America and some parts of Asia. However, it is important to keep in mind that the cost of living is often relative to your individual spending habits and unique circumstances.

While it is possible to lead a cheap lifestyle in Portugal, it is also possible to replicate the same in Singapore as well. Nonetheless, on average, the cost of living in Portugal is about 65% lower than in Portugal.

To give some context to this, Consumer Prices in Portugal are 48.0% lower than in Singapore without rent and 60.8% lower inclusive of rent, as per Numbeo. The cost of living in any given country is determined by a complex set of factors that encompass various aspects of the economy, lifestyle, and local conditions.

How expensive is living in Singapore?

Clearly, Singapore is more expensive than Portugal, so it doesn’t come as a surprise that some Singaporean nationals choose to look for a cheaper cost of living in Portugal, a country deep in Southern Europe.

Singapore is generally more expensive than Portugal due to its geographical location, economic structure, government policies, and standard of living. One of the biggest expenses when it comes to the cost of living in Singapore is rent.

It is a small city-state with limited land area, which drives up property prices significantly. The demand for housing and commercial space in such a densely populated place leads to higher real estate costs. Besides real estate, Singapore has a strong, highly developed economy focusing on finance, technology, and trade. 

It attracts multinational corporations, expatriates, and high-income earners. Which can drive up demand for goods and services and lead to higher prices. The combination of these factors and a couple of others make a living in Singapore relatively more expensive than in Portugal.

• Read Also: How To Move From Singapore To Portugal: Tips For Expats.

Cost of living in Portugal versus Singapore

To give you further insight into just how these two countries compare when it comes to the cost of living, here is a further breakdown of expenses of the common things you will need for regular living.

Cost of rent

Whether you are living in Portugal or Singapore, there is no one cost for all the rental apartments in the country. How much you will pay for rent will depend on what city you live in, the size of the apartment, the current conditions, and the specific neighborhood it is located.

In Portugal, major cities like Lisbon, Porto, and the Algarve are some of the most expensive destinations you would call home. On the other hand, cities like Marina Bay, Sentosa Island, and Orchard Road are quite expensive, and the cost of rent is high as well.

Check out the comprehensive comparison below:

All price estimates in the article are from Numbeo (as of September 2023).

Utilities

Although considered a small monthly expense compared to rent and groceries, the cost of utilities can quickly add up if the amount is significant enough. 

Fortunately for Portugal, the cost of utilities is often quite similar across the country, with small differences accounting for the different cost of living from region to region. For Singapore, the cost of utility is different from city to city. 

Here is what you can expect as far as the utility costs in both countries are concerned.

Groceries

The cost of groceries in Portugal is generally lower when compared to Singapore. Several factors influence this price difference. This includes the cost of production, import tariffs, local agricultural practices, and each country’s overall cost of living.

Note that Singapore imports the majority of its food products due to limited agricultural production within the country. Importing food can lead to higher prices, as it involves transportation and import duties.

On the other hand, Portugal has a strong agricultural sector, producing a variety of fruits, vegetables, and dairy products. Local production can help keep the prices of these items relatively lower. Here’s a comparison of some everyday grocery items in Portugal versus Singapore:

Eating out and drinks

The cost of eating out and having drinks in Portugal and Singapore can vary significantly depending on the type of establishment, location, and personal preferences. When it comes to eating out, Portugal is generally more affordable than Singapore. 

In mid-range restaurants, you can expect to pay around €10 to €20 for a meal per person, excluding drinks. However, prices may be higher in touristy areas like Lisbon and Porto.

Singapore, on the other hand, can be relatively expensive if compared to many other countries. In mid-range restaurants, a meal per person may cost you €14 (S$ 20) to €35 (S$ 50) or more. Fine dining establishments can be significantly pricier.

The cost of drinks in Portugal can vary. A beer or glass of wine in a local bar may cost around €2 to €4. Cocktails in upscale bars or tourist areas could be more expensive, around €8 to €12. 

This is relatively cheaper, considering Alcoholic beverages in Singapore can be quite expensive due to high taxes. A beer in a bar or restaurant may cost you around €6 (S$ 8) to €8 (S$ 12), and cocktails can range from €10 (S$ 15) to €18 (S$ 25) or more.

Transport cost

The cost of transportation in Portugal and Singapore can vary based on factors like the mode of transportation, distance, and the city or region you are in. Both nations have robust transport networks that serve the people all over the country.

Portugal has an extensive public transportation system that includes buses, trams, and trains. In cities like Lisbon and Porto, you can expect to pay more compared to other smaller towns that you would get around easily on foot.

Singapore is known for its efficient public transportation system, which includes buses and an extensive metro (MRT) network. The cost of transport in Singapore is often distance-based, which means the further you travel, the more you have to pay. 

Here is a breakdown of how much it costs to travel in both countries using the various means available.

• Read Also: Public Transport In Portugal: All You Need To Know.

Leisure expenses

Portugal and Singapore offer a wide range of leisure activities and attractions, but the type of experiences you can have in each country can be quite different due to their distinct cultural and geographical characteristics.

For instance, Portugal is known for its beautiful coastline, and you can relax on pristine beaches in places like the Algarve region. Water sports like surfing and windsurfing are popular along the coast.

Conversely, Singapore is known for its cultural attractions, beautiful modern architecture, and green gardens. Nonetheless, here is what it will cost you to engage in some of the common leisure activities these two countries have.

Education

Portugal’s public education system is divided into several levels. It starts with preschool education (Educação Pré-Escolar), which is not compulsory but widely attended. Compulsory education begins at the primary level (Ensino Básico), which spans nine years and is divided into three cycles. Secondary education (Ensino Secundário) follows, typically lasting three years.

After secondary education, students can choose to enter the workforce, pursue vocational training, or attend higher education institutions. Public education in Portugal is generally free for Portuguese citizens and legal residents.

Singapore’s public education system is highly centralized and organized into several levels. Compulsory education begins at the primary level, which spans six years. This is followed by secondary education, which lasts four to five years, depending on the student’s chosen academic track.

After that, students can pursue pre-university education (junior college or polytechnic) or vocational training. Public education in Singapore is not entirely free, but it is heavily subsidized by the government, making it affordable for citizens and permanent residents.

• Read Also: Everything You Need To Know To Study In Portugal.

Healthcare

Portugal has a universal healthcare system known as the Serviço Nacional de Saúde (SNS). This means that every resident in Portugal, including foreigners with legal status, has access to healthcare services.

Public healthcare in Portugal is relatively affordable compared to many Western countries due to government subsidies. Private healthcare costs vary widely depending on the provider and the required services. Singapore also has a universal healthcare system designed to provide accessible and affordable healthcare to its citizens and permanent residents.

This system is primarily administered and funded by the government through the Central Provident Fund (CPF) system. Public healthcare in Singapore is subsidized and affordable for citizens and permanent residents. The government encourages individuals to save for their healthcare needs through the CPF system. Private healthcare costs can be higher but offer more convenience and luxury.

What are the cheapest areas in Portugal?

Portugal boasts several affordable regions that expats highly favor. To be fair, even Portugal’s more expensive cities are quite budget-friendly for most expats and are considered economical.

One such appealing area is Alentejo, renowned for its serene countryside and charming towns such as Évora and Beja. These locales offer a lower cost of living when compared to major urban centers.

In the northern part of the country, cities like Braga and Guimarães provide a more cost-effective lifestyle while still offering rich historical experiences and a leisurely pace of life.

While Lisbon is known for being relatively expensive, its neighborhoods, Amadora and Almada, offer more budget-friendly alternatives to the city center. Similarly, towns like Portimão and Faro provide a less expensive coastal living experience if compared to other cities in the Algarve.

What are the most expensive areas in Portugal?

Like any other country worldwide, popular destinations are often quite expensive if you compare them to others. Similarly, in Portugal, the capital is among the most popular and also the priciest as well. In Lisbon, neighborhoods like Chiado, Príncipe Real, and Avenida da Liberdade are famous for their upscale living and elevated cost of living.

Near Lisbon, the coastal town of Cascais is another exclusive area highly favored by expats. It commands higher rental and property prices but offers a luxurious lifestyle in return.

Within the Algarve, resort towns such as Quinta do Lago and Vale do Lobo are known to be luxurious and come with a heftier price tag. Albufeira, Lagoa, Lagos, and Loulé are also popular but relatively more affordable options.

In Porto, the Foz do Douro neighborhood, with its beachfront properties, is another enclave associated with an upscale lifestyle.

Is Lisbon more expensive than Singapore?

Singapore is generally one of the more expensive cities in the world to live in, while Lisbon is more affordable in comparison. Housing costs in Singapore are notably high, with limited space and a competitive real estate market. Rental prices, especially in popular neighborhoods, can be a significant expense.

In Lisbon, while some neighborhoods within the city center can be relatively expensive, overall housing costs are generally lower than in Singapore. But Lisbon is modern, developed, and attracts a lot of business owners thanks to its geographic location. 

It’s important to note that the relative cost of living can vary widely depending on individual circumstances, lifestyle choices, and housing preferences. Factors like inflation and economic changes can also impact the cost of living in both cities.

• Check out the detailed article on the Cost Of Living In Lisbon: How Much You Need To Live Well.

Is Porto more expensive than Woodlands?

Certainly not, Porto is one of the most affordable cities in Europe. These two destinations have different cost of living profiles, which in turn dictates the cost of living in that particular city.

Housing costs in Porto are generally lower than in many major European cities, although prices can vary depending on the neighborhood. Dining out and groceries in Porto tend to be more affordable than in many Western European cities.

Woodlands is a planning area in Singapore, and while it may not be as expensive as some of the city’s prime downtown areas, it is still part of a high-cost city. Housing costs in Singapore, including Woodlands, are relatively high.

Rental prices can be a significant expense. Dining out in Singapore, even in less expensive areas like Woodlands, can be costly if you compare it to many other destinations like Porto.

• Check out the detailed article on the Cost Of Living In Porto: Find Out How Much You Need.

What is the average wage in Portugal and Singapore?

Portugal typically sees an average monthly income of approximately €1,019 (S$ 1,476), with variations depending on the specific industry. It’s important to bear in mind that wages in Portugal are generally lower than those in Singapore, primarily because the overall cost of living in Portugal is equally lower.

In contrast, Singapore boasts a higher average income, with variations among its provinces and industries. The average monthly wage in Singapore stands at €4,599 (S$ 6,656). However, it’s crucial to exercise caution when comparing wages, as these figures can fluctuate depending on the job market’s dynamics and individual circumstances. 

Remember that highly qualified individuals often earn a higher wage despite the average earnings of the country.

• Read Also: All About Work In Portugal: Top Visas And Labor Market Tips.

Is it worth the cost of living in Portugal?

Naturally, the suitability of this choice pegs on your personal priorities, lifestyle preferences, and financial circumstances. Nonetheless, it’s worth noting that Portugal provides a cheaper cost of living in contrast to other countries in Europe and beyond.

With its reasonably priced housing, reduced day-to-day expenditures, and easily accessible healthcare, Portugal offers an attractive package. To sum up, Portugal represents a delightful option if you appreciate a laid-back way of life, a lively expatriate community, and a harmonious blend of contemporary amenities and traditional charm.

When are you moving to Portugal?

If the cost comparison between Portugal and Singapore prompts you to consider moving to Europe, you are not alone. Many individuals have shared their curiosity and made life-altering decisions to favor such a move.

If you’re interested in learning more about visas and everything to do with relocation expenses, don’t hesitate to schedule a consultation with Viv Europe. Our team is here to guide you every step of the way – from budgeting your relocation to picking a place that suits you and your family the most. Let’s get started on your dream relocation to Portugal!

Furthermore, if you’d like to connect with expatriates who have already embarked on this journey, we invite you to join our Facebook Group – All About Portugal For Expats. Happy planning!

Get your ebook ‘Your Guide to Retiring in Portugal‘.