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At number 5 of this years ranking published by International Living we find Portugal as one the best places to retire…
Why: “It’s no wonder that Portugal has topped the charts for the best places to retire through the years,” says International Living correspondent Terry Coles. “This tiny country in the southwest corner of Europe has something for everyone. Vibrant cities, miles of golden sandy beaches, green rolling hills, some of the best healthcare in the world, low cost of living and safety.”
Where to Move: Looking to live without a car? For a city full of old-world charm, check out Lisbon or head north to visit Portugal’s second-largest city, Porto. Alentejo is the largest and most rural region of the country, with fields of wildflowers, historic towns and a sparse population; check out the cities of Beja and Évora. “Life here is slow, winters are cool, and summers are hot and dry,” says Coles. Another great place to consider: the Algarve, known for its Atlantic beaches, fishing villages and hot, dry summers. English is widely spoken.
The Cost: Although it depends on many factors, you can live on about one-third less than America. That’s starting at around $2,020 for a single person, while a couple can live comfortably, but not lavishly, starting on $2,500 per month. If you want to live in Lisbon, Porto, Cascais or the Algarve, bump that number up to $3,000. Coles says that she and her husband used to rent a fully furnished, three-bedroom home one hour north of Lisbon near the city of Caldas da Rainha for just $400 per month. Now they rent a two-bedroom condominium in a gated complex with a pool for $1,030 per month in Vilamoura, an unincorporated area near the city of Quarteira.