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Cost Of Living Comparison Between Spain And Portugal Switch to metric measurement units Meal, Inexpensive Restaurant 12.00 € 10.00 € -16.7 % Meal for 2 People, Mid-range Restaurant, Three-course 45.00 € 40.00 € -11.1 % McMeal at McDonalds (or Equivalent Combo Meal) 8.00 € 7.00 € -12.5 % Domestic Beer (1 pint draught) 2.50 € 2.00 € -20.0 %
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How to choose English Choosing between retirement in Portugal or Spain isn't easy; here's how the two countries compare from an everyday living perspective. Emily Hopkins September 9, 2022 Retirement Last Updated on November 20, 2023 by Maryam Siddiqui Retirement in Portugal or Spain is becoming a hot topic, especially among travel communities.
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Spain has the advantage of being on the Mediterranean Coast. This means the water here is a fair bit warmer than in Portugal. During the summer months water temperatures in Spain are somewhere between 76 and 82 degrees. Combined with air temperatures in the (sometimes high) 90s this is just about perfect.
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In Portugal the general income tax rates for 2022 are: 28.5 percent for those earning €15,217 - €19,696 35 percent for those earning €19,676 - €25,076 37 percent for those earning €25,076 - €36,757 43.5 percent for those earning €36,758 - €48,033 While in Spain the tax rates for 2022 are: 24 percent for those earning €12,450-€20,200
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In contrast, Portugal's economy is more confident, and currently has many opportunities. The economy here is growing significantly thanks to increased tourism as well as the country's cork industry, which produces half the world's commercially used cork. The cost of living in Portugal is 48 percent less than that of New York.
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Portugal forum Portugal forums Chris Long Beach. 4 posts Living in Portugal vs. Spain: pros/cons, lifestyle, people? 3 years ago Save Hi everyone! I'm looking at spending a few years living in either Spain or Portugal for medical school.
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Cost Of Living Comparison Between Portugal And Spain Switch to metric measurement units Spain Meal, Inexpensive Restaurant 10.00 € 12.00 € +20.0 % Meal for 2 People, Mid-range Restaurant, Three-course 40.00 € 45.00 € +12.5 % McMeal at McDonalds (or Equivalent Combo Meal) 7.50 € 8.00 € +6.7 % Domestic Beer (1 pint draught) 2.00 € 2.50 € +25.0 %
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Living in Portugal, Moving to Portugal Last Updated on November 20, 2023 by Maryam Siddiqui It's always been a difficult decision to choose between Portugal and Spain.
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Written By Lara Silva October 21, 2022 0 Lisbon, Portugal. Photo by Paulo Evangelista (Unsplash) To many looking to relocate to Europe, there are two top contenders: Portugal or Spain. The question of where to move doesn't always have a simple answer.
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When it comes to the cost of living, Portugal generally offers a more affordable lifestyle compared to Spain. Housing, transportation, groceries, and utilities tend to be cheaper in Portugal, particularly in cities like Porto and Lisbon.
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Living in Portugal will cost less, as Portugal is more affordable than life in Spain. Be it accommodation, food, drinks, or traveling, you will find Portugal remarkably affordable on the whole. For example, the average rent in Madrid for a 1-bedroom apartment in the center is around €1,000.
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A Detailed Guide (UPDATED 2024) Home » Travel » Portugal Side-by-Side Comparison of Portugal and Spain Published February 16, 2023 / Updated November 16, 2023 Written by Nadia Podrabinek Hello, my name is Nadia.
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Winner: Portugal Citizenship Possibilities Both Spain and Portugal allow you to apply for citizenship (and that coveted "EU passport") after a period of living there, a process known as naturalisation. In Portugal, that period is five years [ source] whereas in Spain it's generally 10 years [ source ].
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The main pros of living in Portugal include the following: High safety and security. Low cost of living compared to the rest of Europe. Picturesque beaches. Sporting opportunities include the best surfing spots in Europe, top golf courses, hiking, and paraplanning. High English language standards.
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Compared to the United States, Spain and Portugal are about 45% cheaper to live in, so no matter where you choose to live, there will be a significant difference if you come from the United States or Canada. Still, cost of living might be one of the reasons many digital nomads favor Portugal over Spain.
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- Living in Spain vs Portugal: Taxes. As taxation is concerned, data suggests that Portugal is worse than Spain. However, this does not take into account the Non-Habitual Residency (NHR) program, but only the "normal" rates of income tax. If a newcomer to Portugal uses NHR, it can lessen the impact of Portuguese taxes..
