Rising Cost of Living No Longer Worth it? - Living in Portugal in 2024

Not Your Average Globetrotter

Portugal, once a haven for affordable living, is now starting to face Northern European-level rents while maintaining much lower minimum salaries, making it a challenge for both locals and expats alike. The phasing out of the Non-Habitual Residency tax benefits and the uncertain future of golden visas add to the financial unpredictability, diminishing the country's previous allure for those with foreign income. Although public transport and some services remain cheaper, overall costs, including groceries and dining out, are climbing. As a result, many are now considering other European destinations like Spain, Greece, and Romania, which offer lower living costs and new incentives. Despite these challenges, living in Portugal continues to attract those who appreciate its unique lifestyle, but thorough research is crucial for expats to determine if moving to Portugal still fits their financial and personal needs. In this living abroad expat podcast episode of Not Your Average Globetrotter, hosted by dual citizen expat Rafael Di Furia, we'll go over the current cost of living in Portugal, the impact of policy changes, and alternative European destinations for expats. If you find these episodes of Not Your Average Globetrotter helpful, entertaining and/or if you feel as if I've helped you save time, headaches, or legal fees, please consider making a monthly pledge on Patreon and becoming a monthly patron to help make more videos like this possible: 👉🏽 http://RafaelDiFuria.com/patreon Or, if you would like to help in a different way and make a one-time donation you can visit: 👉🏽 http://RafaelDiFuria.com/support NYAG Gear - http://store.rafaeldifuria.com http://RafaelDiFuria.com/nyaggear If you would be interested in dedicating a video to a loved one and/or sponsoring a video, feel free to send a message through the following link: http://www.RafaelDiFuria.com/contact/ 📬 Let's connect 🔵Instagram: http://www.RafaelDiFuria.com/instagram 🔵Facebook: http://www.RafaelDiFuria.com/facebook 🔵Twitter: http://www.RafaelDiFuria.com/twitter 🔵Email: http://www.RafaelDiFuria.com/contact/ 💰 Save on your first stay with AirBNB http://www.RafaelDiFuria.com/airbnbsave (referral link) 📦Recommended Products: https://www.amazon.com/shop/rafaeldifuria 💸Transfer money around the world with Wise (Formerly Transferwise) (referral link) : http://www.rafaeldifuria.com/transferwise 📩 Business Inquiries and Collaborations: http://www.RafaelDiFuria.com/contact/ 🎙Want me to be the voice of your business? http://www.RafaelDiFuria.com/contact