Last Updated on May 3, 2026 by Emily Hopkins
Managing your finances early can help you save thousands of dollars when planning your move to Portugal. While relocating involves many considerations, from packing to settling in, your financial preparation remains the most important factor. So, how much money do you actually need to move to Portugal?
Wait, you’re probably thinking finances couldn’t possibly be the most important thing to consider. After helping hundreds of clients realize their dream of relocating to Portugal, and hearing “How much?” in almost every meeting, it’s safe to say they are.
This article aims to clarify all the little details of how much your possible relocation could cost you. Right from visa application fee to post-relocation grocery expenses, we’ll talk about it all. Keep reading to create your own budget because Portugal has something for everyone!
Importance of Financial Planning for a Smooth Transition
Financial planning is crucial for any relocation, whether moving from one apartment to another or an entire country. Creating a detailed budget allows you to manage your expenses effectively and ensures that you can maintain your desired lifestyle without financial strain.
Above all, clear financial planning ensures that no expense catches you off guard, helping to reduce stress and uncertainty during your move to Portugal. Start by defining your income strategy: will you work after relocating, rely on passive income, or search for a job? Also consider whether you’re moving alone or with your family, as this will directly impact your overall budget and cost of living.
Afterwards, what are some visa costs you must incur? If you’re applying with your family, how many flights will you be paying for? Will you be paying months ahead or a few days prior?
Planning your finances in detail prepares you to enjoy your new surroundings to the fullest!
Pre-Move Expenses
Before the actual relocation starts, you will apply for visas, compile your financial documents, and buy flights.
Let’s discuss the main expenses you’ll likely incur in the pre-move stage!
Visa Application Fees
Let’s start addressing your question: How much money do you need to move to Portugal?
First and foremost, you’ll rule out which visa you need, and this will depend on the purpose of your stay.
Portugal’s long-stay visas are:
- D1 – Work Visa
- D2 – Business Visa
- D3 – Highly Qualified Worker
- D4 & D5 – Study Visa
- D6 – Family Reunification
- D7 – Passive Income Visa
- D8 – Digital Nomad Visa
- Golden Visa
Short-stay Schengen visas cost €90, while long-stay national visas typically cost around €110. Visa fees are non-refundable and do not guarantee approval.
Moreover, if you’re hiring someone to help make sure you’ve got all the documents you need for higher chances of approval, you must factor in the respective costs.
The Portugal Golden Visa is not your typical visa where you just pay a small application fee and wait for approval. The cost structure is very different, and it’s important to understand what you’re really paying for.First, there are the government fees. As of 2026, you will pay an application fee of around €630.
Once approved, the residence permit issuance fee is about €6,300 per person. Every two years, you’ll also pay a renewal fee of roughly €3,150. Over a five-year period, this brings the total government fees to around €10,000 to €12,000 per applicant.However, these fees are only one part of the picture.To qualify for the Golden Visa, you must also make a significant investment. The most common option is investing €500,000 in a qualifying fund. There is also a lower entry point of €250,000 through a cultural donation route, with possible reductions in certain areas.
It’s worth noting that this investment is not a fee. It remains your money, although returns and risks depend on the option you choose.On top of that, there are additional costs like legal fees, fund management fees, and basic expenses such as document processing and insurance. These can add several thousand euros to your overall cost.
So, while regular visas might cost €90 to €110, the Golden Visa operates on a completely different level. You are looking at thousands in government fees plus a minimum investment starting from €250,000.
Flights and Travel Costs
Next up after your visa has been granted, get ready for one of the most exciting parts of this journey! Flight prices to Portugal vary widely depending on the season, demand, and how early you book. While you can find deals on the lower end, long-haul flights in 2026 can easily exceed these averages due to rising fuel costs and fluctuating demand.
We’ll compile some estimates based on flight tickets booked a month in advance. Here are some average prices of flights to Portugal from different countries for a one-way economy flight (per seat):
| Country | Average Flight Ticket |
|---|---|
| America | €550 to €800 |
| Canada | €550 to €800 |
| United Kingdom | €200 to €400 |
| Brazil | €400 to €600 |
| China | €600 to €900 |
| India | €400 to €700 |
| Singapore | €600 to €900 |
| United Arab Emirates | €400 to €700 |
| Africa | €500 to €800 |
| Pakistan | €500 to €800 |
Estimates as of June 2026.
Shipping and Moving Personal Belongings
The decision of moving your personal belongings is based on how much you want to take with you and how much you want to leave behind. Some families end up relocating with only suitcases and sell off all that they used to own.
However, some individuals are more attached to their belongings and wish to take them to Portugal. In both situations, you’ll need to assess how much you’re taking and the method of transport.
While air freight is more costly, you are guaranteed to receive your belongings faster. For sea freight, there’s a chance that it could take a couple of weeks.
In case of any questions, feel free to get in touch with Global International Relocation.
| Location | Freight Transport Type | Cost | Estimated Duration |
|---|---|---|---|
| United States | Air freight | €6,775 to €7,490 | 1 to 3 Days |
| Sea freight | €3,600 to €4,000 | 9 to 11 Days | |
| United Kingdom | Air freight | €3,150 to €3,500 | 1 to 3 Days |
| Sea freight | €1,650 to €1,900 | 3 to 5 Days | |
| India | Air freight | €11,000 to €12,200 | 1 to 3 Days |
| Sea freight | €5,800 to €6,500 | 14 to 20 Days | |
| Germany | Air freight | €3,100 to €3,500 | 1 to 3 Days |
| Sea freight | €1,600 to €1,800 | 4 to 6 Days |
According to MoveHub.
Initial Settlement Costs
When exploring the question “How much money do you need to move to Portugal?”, you must also factor in the initial settlement costs. This includes temporary accommodation upon arrival, followed by deposits for your rental agreement and the possibility of setting up utilities.
Temporary Accommodation Upon Arrival
This milestone deserves celebration you’ve arrived in Portugal and officially begun your relocation journey. If you don’t yet have long-term accommodation, staying in a centrally located hotel is a practical short-term option.
Hotel prices typically range from €60 to €200 per night, depending on your preferences and level of comfort, with higher rates for more premium options. Fortunately, this is only a temporary arrangement as you settle into your new home.
Deposits for Long-Term Rentals
Portugal does require you to have a lease for a long-term rental if you have plans to relocate.
Here’s an average amount breakdown:
| Type Of Payment | Amount |
|---|---|
| Security Deposit | Typically equivalent to one or two months’ rent |
| First Month’s Rent | Paid with the Security Deposit |
| Real Estate Agent Fee | Up to €1,000 usually |
| Total (Assuming that rent is €1,000) | €4,000 |
Before signing an agreement, make sure to review the lease agreement carefully to understand all financial obligations. In such situations where you’re unaware of another country’s laws, it is best to hire a trusted real estate agent to help you.
Keep in mind that you may need to budget for utility deposits (electricity, water, gas, internet) if required. You must confirm this information with your landlord.
Cost of Living in Portugal
With that, the main costs pertaining to visas, flights, and initial accommodation are out of the way. Now, you’ll need to start calculating how much money you need to live your daily life in Portugal.
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Average Rent for Different Types of Accommodation
While finding accommodation can be stressful to navigate sometimes, it is also one of the most exciting parts of relocating to your new home!
This is the opportunity to find an apartment in your favorite neighborhood or city near amenities that matter to you. Trust us when we say Portugal has something for everyone.
Whether you’re searching for an apartment in Lisbon’s city center or a smaller home in one of the Algarve’s historic towns, Portugal offers a wide range of housing options. However, these properties tend to get snapped up quickly.
City center living typically comes at a premium, with rents often €300 to €500 higher for a similar type of apartment compared to locations outside the center.
But, if you choose to live away from the city center, you can get a much better deal. Rent prices in Portugal can start from as low as €400 for a room, without compromising on the living standards.
| Accommodation Type | Average Rent |
|---|---|
| Apartment (1 bedroom) in City Center | €902 |
| Apartment (1 bedroom) Outside of Center | €720 |
| Apartment (3 bedrooms) in City Center | €1,530 |
| Apartment (3 bedrooms) Outside of Center | €1,160 |
Estimates are from Numbeo (as of June 2026).
Buying Property: Average Prices and Associated Costs
A lot of expats end up buying a property in Portugal somewhere along their journey. Sometimes, it is before they decide to relocate and sometimes, it is after they’ve lived there a few months.
As professionals in this industry, we do see more cases of the latter because they have a better idea of the neighborhood they’re looking for.
However, it is not unusual to buy property before relocating permanently. If you’ve visited Portugal before, this decision will be easy to make.
On average, property prices in Portugal are €1,478 per square meter. So if you’re looking to buy a 2-3 bedroom apartment, typically 100 square meter, it can cost you around €150,000 to €200,000 depending on the location.
| City | Price per 100m2 |
|---|---|
| Lisbon | €465,700 |
| Porto | €312,000 |
| Albufeira | €392,700 |
| Cascais | €556,100 |
| Braga | €190,200 |
Estimates are from Idealista(as of June 2026).
Groceries and Daily Expenses
Next up, when researching more about “How much money do you need to move to Portugal?”, the cost of daily expenses must be considered.
While this is a value that fluctuates based on your lifestyle preferences and eating habits, we have some estimates. Typically, you can estimate that a couple without children can spend €300 to €400 per month on groceries.
| Product | Cost |
|---|---|
| Bottle of milk | €0.95/L |
| 12 Eggs | €2.93 |
| Baguette | €1.43 |
| Rice | €1.40/Kg |
| Beans | €1.90/Kg |
| Spaghetti | €1.60/Kg |
| Sirloin Steak | €34.95/Kg |
| Chicken Breast | €6.65/Kg |
| Apples | €1.95/Kg |
| Oranges | €1.61/Kg |
| Tomatoes | €2.18/Kg |
| Beaded Lettuce | €1.37/Kg |
| Six-Pack of Beer | €6.30 |
| Bottle of Wine | €4.99 |
| Bottle of Soda | €1.73/L |
Estimates are from Numbeo (as of June 2026).
Transportation
You won’t have to worry about transport until later on in your journey. Most expats do not relocate with their cars. Taxes on importing cars are high, and it is often not worth it. Unless your car has sentimental value for you, a better decision is to sell it and buy a new one in Portugal.
But here’s something interesting you should know! A lot of people actually don’t rely on cars for commuting, especially in bigger cities like Lisbon, Porto, and the Algarve region.
The country’s public transport system is efficient and is spread across the most populous regions to ensure accessibility. The metros, trams, trains, and buses offer a variety of options for daily commutes. As well as inter-city travel for work or leisure trips.
For the first few days of your stay, you can factor in Uber or Bolt costs as you will still be familiarizing yourself with the public transport system. Bolt is usually cheaper and more accessible, with an average of €15 to €30 per ride.
| Type of Transportation | Cost |
|---|---|
| Bus ticket | €1.60 to €2.50 |
| Subway ticket | €1.20 |
| Monthly Pass (Bus + Subway) | €40 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | €30,000 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | €33,996 |
| Gasoline | €1.73/L |
Healthcare Costs
Public healthcare in Portugal is free for all legal residents, including all expats!
However, many people prefer the fast experience of private hospitals. In that case, it’s best to have an annual health insurance plan that covers your requirements.
There’s nothing to worry about because healthcare in Portugal is affordable, even in the best private hospitals.
| Service | Cost |
|---|---|
| Consultation in public hospital | Free of cost |
| Urgency in public hospital* | €15 to €40 |
| Consultation in a private hospital | €40 |
| Urgency in a private hospital | €100 |
| Average health insurance | €700 per year for a 30-year-old |
Financial Requirements for Visa Applications
The most important topic when asking “How much money do you need to move to Portugal?” is regarding the financial requirements for visa applications.
You cannot successfully apply for a visa without meeting the core financial requirements. Demonstrating sufficient means of subsistence gives you a strong advantage when applying for a Portuguese visa or any visa, for that matter.
Minimum Income Requirements for Different Visa Types
We’ll break it down for you. Here are the most popular visas to Portugal and their respective minimum income requirements!
D7 Visa (Passive Income Visa)
As a Passive Income Visa applicant, you must be able to prove that you receive at least €820 as passive income per month. The value may change every year, based on the minimum wage.
For every additional adult, you must prove 50% more passive income.
So, to total up, if you’re moving with a dependent adult, you must show €1,230 per month in passive income.
- Read Also: Living Abroad: Expat Interview with Bruce Joffe.
Golden Visa
The Golden Visa is by far the most expensive visa to apply for. Hence, it also has the highest financial requirements you must show in the bank account.
Portugal’s Golden Visa has three main investment options:
- Donation to research or arts: €250,000
- Investment Funds: €500,000
- Business Creation: €500,000 + 5 jobs
While a donation to arts is the lowest in value, it is a donation, and you will not be receiving any investment back. The perk, however, is that you and your family receive citizenship and a Portuguese Passport in 5 years. The most popular option is still the investment funds!
- Read more about Citizenship by Investment in Portugal: Guide for 2024.
Digital Nomad Visa
The third most popular option, the Portugal D8 Digital Nomad Visa, requires proof of a minimum monthly income of €3,280. Applicants must also provide evidence of consistent earnings, typically covering the past three months.
This threshold is set at four times the national minimum wage and is adjusted whenever the minimum wage increases.
Summary of Total Estimated Costs
Let’s wrap it up and answer “How much money do you need to move to Portugal?” in a summarized way.
This table provides an estimate of how much money you would need. But remember, this value may change based on your individual case and your visa type.
| Type of Expense | Cost |
|---|---|
| Visa Fee | €90 |
| Average Flight Ticket (One-Way) | €600 |
| Initial Stay Hotel Booking (2 Nights) | €150 |
| Average Security Deposit | €2,000 |
| Average Monthly Rent | €1,000 |
| Transport Costs (Per Month) | €100 |
| Health Insurance (Per Month) | €60 |
| Reserve Money In Bank | €3,500 |
| Total | €7,500 |
Based on estimates.
Do You Need Help Moving To Portugal?
We hope this article answers a popular question, “How much money do you need to move to Portugal?”.
Now that you’ve gotten all the estimates in order, it’s time to start your relocation journey! With Viv Europe, you’ve got all the help you need! Book a consultation with our experts and prepare to receive a full service that makes your dream relocation come true.
To learn more about Portugal or talk to expats who’ve been through the same, join our Facebook Group – All About Portugal For Expats. Read stories, ask questions, and be inspired. We’ll see you soon!
