Portugal vs Spain

Portugal costs roughly 6% less than Spain. Use our tool below to personalize the estimate based on your income and lifestyle.

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Portugal is approximately 6% less expensive than Spain based on cost of living including rent. This makes Portugal a more budget-friendly option for expats considering a move.

Portugal has a FIRE Score of 59/100, indicating its suitability for financial independence and early retirement. The country's safety index is 67.9, which is relatively safe.

Recommended profile: Portugal is well-suited for retirees seeking a balanced lifestyle.

Overall Winner

Portugal

Lisbon

About Portugal

Portugal is best for retirees with a passive income, thanks to the D7 visa requiring only EUR 920/month. Cost of living is 59% lower than New York City, with a single person spending $776 monthly excluding rent. The key trade-off is a progressive income tax reaching 48%, which may impact higher earners.

Monthly Savings

$1,185/mo

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Rent Per Month

1 Bedroom (City Centre)
$1,040
1 Bedroom (Outside Centre)
$824
3 Bedroom (City Centre)
$1,755
3 Bedroom (Outside Centre)
$1,329

Attractiveness Scores

FIRE Score
59/100
Retiree Score
68/100
Nomad Score
77/100


Country Details →

Spain

Madrid

About Spain

For retirees, Spain's Non-lucrative Visa requires just EUR 2,400/mo income, making it one of Europe's most accessible options. A single person lives on ~$823/month excluding rent, while rent outside city centers averages $804 — under half typical US costs. The trade-off is Spain's progressive income tax up to 47% (or 24% flat via Beckham Law) and a complex citizenship path.

Monthly Savings

$1,148/mo

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Rent Per Month

1 Bedroom (City Centre)
$1,028
1 Bedroom (Outside Centre)
$804
3 Bedroom (City Centre)
$1,636
3 Bedroom (Outside Centre)
$1,232

Attractiveness Scores

FIRE Score
55/100
Retiree Score
67/100
Nomad Score
73/100


Country Details →

Battle of Lifestyles

Scroll to compare

MetricPortugalSpain
Travel Advisory
Level 1 — Normal PrecautionsLevel 2 — Increased Caution
Quality of Life Index
167.8
184.4 +16.6
Healthcare Index
72.2 77.3 +5.1
Safety Index
67.9 +4.5
63.4
Cost of Living Index
41.2 +2.343.5
1BR Apartment (Center)$1,039.76 $1,028.43 +11.33
1BR Apartment (Outside)$823.97 $804.37 +19.6
3BR Apartment (Center)$1,755 $1,636.42 +118.58
3BR Apartment (Outside)$1,328.84 $1,232.15 +96.69
Avg Internet Speed351.94 Mbps +88.6263.31 Mbps
FAQ

Frequently Asked Questions

Click any question to expand the answer.

We use a "Pure Data" approach, pulling raw facts from high-authority sources including private sources for real-time crowd-sourced pricing, the World Bank for stability metrics, and official government visa portals.

The FIRE Score is a dynamic metric based on your Monthly Income vs. Total Expenses. It calculates your potential savings rate; the more you save, the higher the score.

Our indices (Quality of Life, Healthcare, Safety, Cost of Living) are relative metrics. For example, a higher Quality of Life Index indicates better purchasing power, safety, and healthcare, while a higher Cost of Living Index means the country is more expensive relative to others.

The Retiree Score is a holistic measure of how suitable a country is for long-term retirement. It is calculated from three main factors: healthcare system quality, safety index, and the general cost of living.

The Nomad Score measures how well a country supports remote workers. It is calculated from average internet speeds, the cost of living, and the safety index.

The "Single" toggle calculates costs based on a 1-Bedroom apartment. "Family" assumes a 3-Bedroom apartment and the expenses for a household of four.