Is Portugal expensive to live in?

Portugal is generally not expensive to live in, especially when compared to the US. Our data shows overall prices are about 25% lower than in the United States, with a price index of 75 (US = 100). This means everyday goods and services cost less. For example, a decent one-bedroom apartment in Lisbon might cost you €800-€1,200 ($870-$1,300) per month, whereas a similar place in a major US city could easily be double that. Groceries are also noticeably cheaper; expect to save 20-30% on your weekly shop compared to US prices. However, taxes can be a factor. Portugal has a progressive income tax system, with rates ranging from 14.5% to 48%. If you're considering the Non-Habitual Resident (NHR) scheme, you might qualify for a flat 20% on certain types of income for ten years, which can be very attractive. Overall, Portugal offers a high quality of life for a lower cost than many other Western European countries and the US. Just be mindful of the tax implications for your specific income situation.