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COST OF LIVING In MADEIRA Portugal 2023 [MADEIRA Budget Guide]

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Cost of Living in Madeira Portugal

Cost of Living in Madeira Portugal 2023 Introduction

Hey Friends! The Cost Of Living In Madeira Portugal makes it possible to Live For $932 – $3,670 (€868 – €3,416) Per Month for a STRICT budget vs a LUXURY budget.

Welcome to our comprehensive guide on the cost of living in Madeira Portugal!

Madeira, Portugal, is a beautiful island with a mild climate and stunning scenery. It is a popular tourist destination, but it is also a great place to live.

The cost of living in Madeira is lower than in many other parts of Europe, making it an affordable option for expats. You can easily live comfortably on a budget of $1,000 per month. Madeira is keen on preserving their mountains and coastlines and is a very beautiful location with lots of scenery.

Here is some brief info on Madeira:

  • Close to nature and can experience an island lifestyle for those who want to be away from the city.
  • Not the same as Lisbon, but if you want active nightlife you can find it here.
  • Peace, nature, and calmness without losing the comforts of modern life.

Tourism makes up around 29% of Madeira’s GDP (gross domestic product) which is why many goods and services are geared towards tourists.

In this blog post, we will take a closer look at the cost of living in Madeira. We will discuss the cost of housing, food, transportation, and other expenses. We will also provide some tips on how to save money on your living costs.

Whether you are considering moving to Madeira or just curious about the cost of living, this blog post is for you.

Our goal by the end of the article is to give you the necessary knowledge to embrace the Portuguese lifestyle while making smart financial choices.

Let’s explore the opportunities, challenges, and adventures that await you on this fascinating island, as we embark together towards financial freedom amidst the Portuguese way of life.

Portugal is ranked #12th best in the world by World Health Organization (WHO) making it higher ranked than healthcare in the USA.

  • Locals tend to pay ($43) €40 EUR per month for private insurance- up to ($113) €105 EUR for a family.
  • Expats have reported paying around €40-50 EUR ($43-$54) for insurance.
  • This can depend on if you get coverage within the country or internationally.

While this is incredible, we still can always rely on SafetyWing to meet all of our healthcare needs while traveling and living abroad.

Here are some of the things we will cover in this blog post:

  • The cost of rent in Madeira Portugal
  • Healthcare costs
  • The cost of food in Madeira Portugal
  • Best Activities to do
  • Pros and cons of living here
  • The cost of transportation in Madeira Portugal
  • Tips on how to save money in Madeira Portugal
  • Overall cost of living

We hope that this blog post will help you to make an informed decision about whether or not to move to Madeira Portugal.

Whether you are a digital nomad, expat, student, retiree, or simply curious about life in Madeira Portugal, our guide has everything you need to maximize your budget and make your move as smooth as possible!

Here is what you will learn in this guide:

  • A comprehensive breakdown of expenses and an in-depth analysis of the cost of living in Madeira Portugal, covering housing, transportation, utilities, gym memberships, food, entertainment, and health insurance.
  • Detailed tables, tips, and videos to show you how to live in Madeira Portugal on a budget ranging from $932 – $3,670 (€868 – €3,416) Per Month depending on your lifestyle and spending habits.
  • Highlights of the amazing outdoor and nature activities available in Madeira Portugal, make it an ideal choice for anyone seeking adventure, culture, and a relaxed pace of life.
  • A comprehensive list of unique local rental websites and Facebook groups will assist you in finding affordable accommodations in Madeira Portugal.
  • Reliable and up-to-date sources of information for living in Madeira Portugal, including data on the country, tourism boards, and more.
  • Budget tips and recommendations to help you make a smooth and comfortable transition to life in Madeira Portugal, including essential information about healthcare and other practical matters.
  • Thriving ex-pat and digital nomad communities.

How this guide will help you:

  • Maximize your budget and enjoy everything Madeira Portugal has to offer.
  • Find affordable accommodations and make a smooth transition to life in Madeira Portugal.
  • Discover amazing outdoor and nature activities available in the country.
  • Get reliable and up-to-date information about living in Madeira Portugal.
  • Save money on essential expenses like housing, transportation, food, healthcare, and more.
  • Make the most of your budget and live a comfortable life in this beautiful country.

With a range of expenses estimated Cost Of Living in Madeira Portugal is between $932 – $3,670 (€868 – €3,416) Per Month.

Here are 10 reasons why you should consider moving to Madeira Portugal:

  1. Madeira has a mild climate year-round. The average temperature in Madeira ranges from 18 to 25 degrees Celsius (64 to 77 degrees Fahrenheit), making it a great place to live if you want to escape the cold winters of other parts of the world.
  2. Madeira is a beautiful island with stunning scenery. The island is home to lush mountains, dramatic cliffs, and beautiful beaches. There are also many opportunities for hiking, biking, and swimming.
  3. Madeira is a safe and friendly place to live. The crime rate in Madeira is low, and the people are known for their warm hospitality.
  4. Madeira is a relatively affordable place to live. The cost of living in Madeira is lower than in many other parts of Europe.
  5. Madeira is a great place to raise a family. The island has excellent schools and healthcare facilities.
  6. Madeira is a great place to retire. The island has a relaxed lifestyle and a beautiful setting.
  7. Madeira is a great place to start a business. The island has a business-friendly environment and a skilled workforce.
  8. Madeira is a great place to learn Portuguese. The island is a Portuguese territory, and Portuguese is the official language.
  9. Madeira is a great place to experience Portuguese culture. The island has a strong Portuguese influence, and there are many opportunities to learn about Portuguese culture.
  10. Madeira is a great place to explore the Atlantic Ocean. The island is located in the Atlantic Ocean, and there are many opportunities to go whale watching, surfing, and sailing.

I hope these reasons convince you to consider moving to Madeira Portugal!


Table Of Contents

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Cost Of Living in Madeira Portugal Quick Facts Key Takeaways

Cost Of Living in Madeira Portugal Quick Facts

Here are some quick facts about the cost of living in Madeira Portugal:

A breakdown of some key expenses: Total Monthly Living Costs in Madeira Portugal range from $932 – $3,670 (€868 – €3,416) Per Month:

  • For all expenses, and if you budget correctly, you can expect to spend $1,200 to $2,000 per month for all expenses.
  • Living well in Madeira Portugal is possible with a monthly income of around $1,100.
  • The minimum wage is 836 Euros and the average monthly salary in Madeira is around $2,676 as of last year but it is possible to live here for under $1,000 as mentioned before.
  • The monthly rent, food budget, housing expenses, and transportation options in Madeira Portugal can all be determined based on your budget.
  • To maintain the same standard of life as $9,200 in New York City, an estimated $3,328 is needed in Madeira Portugal.
  • On average, the cost of living in Madeira Portugal is 71.6% cheaper than in New York City, United States.
  • On average, rent in Madeira Portugal is 78.4% lower than in New York City, New York, USA.
  • The costs of rent in Madeira Portugal range from $600 – $1,500 Per month.
  • Restaurant prices are estimated to be 64.5% lower than prices in New York.
  • A budget food and grocery plan in Madeira Portugal will cost around $268 – $515 per month, depending on location and budget.
  • An estimated monthly cost for a family of four in Madeira Portugal is $2,236 – $5,292.
  • An estimated monthly cost for a single person in Madeira Portugal is $932 – $3,670 (€868 – €3,416) Per Month.
  • Transportation costs in Madeira Portugal are estimated to be $39 – $243 per month.
  • Expats and digital nomads may spend around $1,200 – $2,500 per month, to maintain their living standards in Madeira Portugal.
  • We spent around $1,120 – $1,535 but you can definitely bootstrap it and live for less.
  • This makes it a great place to live for ex-pats and digital nomads who are looking for a more affordable lifestyle.
  • The main currency of Madeira is Euros so we will go by the euro for conversions.

Interesting Facts About Madeira Portugal:

  • Madeira is an autonomous region of Portugal located in the Atlantic Ocean, about 600 kilometers (370 mi) off the coast of Morocco.
  • Located in the middle of the Atlantic Ocean- Madeira is a Portuguese archipelago.
  • Madeira has large apartment buildings, luxury resorts, clean wide streets, over 1,000 restaurants, and plenty of entertainment for whatever you are interested in.
  • Madeira is a volcanic island, and its landscape is characterized by steep cliffs, deep valleys, and lush vegetation.
  • Madeira is also a popular destination for whale watching, and it is possible to see sperm whales, dolphins, and even blue whales in the waters around the island.
  • Madeira is a great place to relax and enjoy the beauty of nature. There are plenty of opportunities for hiking, biking, and swimming, and the island is also home to a number of charming villages and towns.
  • The most important collections in the country are made up of Hispano Moorish tiles from the 15th and 16th centuries and Portuguese panels from the 16th and 20th centuries.
  • You can admire cascades, sculptures, and exotic plants from all over the world here.
  • Madeira is a great place to visit any time of year, but the best time to visit is during the spring or fall when the weather is mild and there are fewer tourists.
  • Summer in Madeira will range from 68-86 degrees and winter will go down to around 63 degrees.
  • November and December tend to be the season with the most rain.

Here are some additional details about Madeira Portugal that you may find interesting:

  • Madeira is known for its delicious wine, which is produced from grapes grown on the island.
  • Madeira is also known for its traditional cuisine, which includes dishes such as espetada, a grilled skewer of meat or fish, and bolo de mel, a honey cake.
  • Madeira is home to a number of festivals throughout the year, including the Carnaval de Funchal, a colorful street festival held in February or March, and the Festa da Flor, a flower festival held in May.
  • Madeira is a great place to learn about the history of the Atlantic Ocean, as it was once a major stopover for ships traveling between Europe and the Americas.

Our Personal Costs of Living in Madeira Portugal: Table of Expenses Breakdown 2023

Living in Madeira Portugal can be an amazing experience, but it’s important to understand the cost of living before you go.

Here’s a detailed breakdown of our monthly cost of living in Madeira Portugal, including rent, utilities, gym, food, transportation, entertainment, and health insurance:

Here’s a breakdown of our monthly expenses while living in Madeira Portugal:

  • Our Monthly cost of rent and accommodation: I spent $650 – $780 / €606 – €727 EUR on rent and accommodation in a one-bedroom apartment in the city center.
  • I found that the best way to find an apartment was to use a local rental website.
  • I also recommend negotiating the rent price and staying for longer periods, as landlords are often willing to come down on the price if you’re willing to sign a longer lease.
  • Our Monthly cost of utilities: I spent $65 – $100 USD / €61 – €93 EUR on utilities, including electricity, water, and gas.
  • I found that my electricity bill was the highest in the summer months when I used the air conditioning more.
  • Our Monthly cost of the gym: I spent $40 – $100 USD / €37 – €93 EUR on a gym membership which also gave access for me to train jiujitsu.
  • I found the gym was a great way to stay fit, meet new people, and I liked that it was open late too, so I can go in after work as well.
  • Our Monthly cost of food and groceries: I spent $250 – $380 USD / €233 – €354 EUR on food and groceries.
  • I found that it was cheaper to buy groceries at the farmer’s markets than at the supermarkets and to cook and eat indoors. This will save you lots of $$$ too!
  • Our Monthly cost of transportation: I spent $30 – $50 USD / €28 – €47 EUR on transportation.
  • Walked most places, but also took the bus occasionally to explore.
  • I found that the bus was a convenient and affordable way to get around the city.
  • Our Monthly cost of activities, leisure, and entertainment:
    • I spent $40 – $80 USD / €37 – €75 EUR on activities, leisure, and entertainment, such as going out to eat and visiting museums, and historical sites.
  • Our Monthly cost of health insurance: I spent $45 USD / €41 EUR on health insurance.
  • This covers my doctor’s visits, hospital stays, and prescriptions.

Our Total monthly cost of living in Madeira Portugal: $1,120 – 1,535 (€1,044 – 1,430)

Total Monthly Expenses:

  • Our total monthly expenses were $1,120 – $1,535 /month.
  • I found that this was a reasonable cost of living for Madeira Portugal.
  • I also found that I could save money by eating at home more often, getting the unlimited pass that gives me access to the tram and metro, and negotiating the rent price at Airbnb we stayed.
  • Health Insurance
    • I pay $45 per month for health insurance. This covers my doctor’s visits, hospital stays, and any prescriptions.

Overall, our total monthly expenses come to between $1,120 – $1,535 (1,044 – 1,430), depending on how much we spend on rent and leisure activities.

Here is a table of Expenses for what we personally spent in Madeira Portugal:

Our Monthly Cost of Living in Madeira PortugalAverage Monthly Expenses (Cost in USD)Average Monthly Expenses Cost in EUR (€)
Our Monthly Cost of Rent and Accommodation$650 – $780€606 – €727
Our Monthly Cost of Utilities$65 – $100€61 – €93
Our Gym Cost per month in Madeira Portugal$40 – $100€37 – €93
Our Monthly Cost of Food and Groceries$250 – $380€233 – €354
Our Monthly Cost of Transportation$30 – $50€28 – €47
Our Monthly Cost of Activities, Leisure, Entertainment$40 – $80€37 – €75
Our Monthly Cost of Health Insurance$45€41
Our Monthly Cost of Living in Madeira Portugal total expenses$1,120 – $1,535€1,044 – €1,430

Monthly Cost of Living in Madeira Portugal Summary Cost Of Rent, Groceries, Transportation, Healthcare: $932 – $3,670 (€868 – €3,416) Per Month

Monthly Cost Of Living In Madeira Portugal

You can live in Madeira Portugal, for around $932 a month for all expenses on a tight budget or $3,670 a month if you want to live much more luxuriously. The Cost of living in Madeira Portugal is from $932 – $3,670 (€868 – €3,416) Per Month.

The following is a breakdown of the average cost of living in Madeira Portugal:

Rent:

The cost of rent in Madeira varies depending on the location and size of the apartment.

In general, you can expect to pay between:

  • $600 and $1,077 (€560 – €1,000) per month for a studio apartment
  • $600 and $1,500 (€560 – €1,397) per month for a 1-bedroom apartment
  • $850 and $3,500 (€792 – €3,260) per month for a 2-bedroom apartment
  • $1,300 and $5,000 (€1,210 – €4,656) per month for a 3-bedroom apartment

Here are some tips for finding affordable accommodation in Madeira:

  • Look for apartments in less popular areas.
  • consider living away from the beach (as this may come with a cost but can still be affordable in Madeira).
  • Stay outside of the city center.

Utilities:

The cost of utilities in Madeira varies depending on your apartment’s size and usage. In general, you can expect to pay between $45 and $213 (€42 – €199) per month for electricity, $47 and $186 per month for water, and $10 and $72 per month for internet. It is good to know that it will cost you around €70 for a wifi, data, and tv package.

Here are some tips for reducing your utility costs:

  • Turn off lights and appliances when you’re not using them.
  • Take shorter showers.
  • Wash clothes in cold water.
  • Install energy-efficient appliances.

Mobile phone:

The cost of mobile phone plans in Madeira varies depending on the carrier and the plan you choose. In general, you can expect to pay between $10 and $72 (€9 – €67) per month for an unlimited data plan.

Here are some tips for finding a good mobile phone plan in Madeira:

  • Compare plans from different carriers.
  • Look for plans that include unlimited data.
  • Consider buying a prepaid plan.

Internet:

The cost of internet in Madeira varies depending on the speed and provider. In general, you can expect to pay between $18 and $33 (€16 – €31) per month for a basic internet connection.

Here are some tips for finding affordable internet in Madeira:

  • Compare plans from different providers.
  • Look for plans that include a free modem.
  • Consider buying a prepaid plan.

Food:

The cost of food in Madeira varies depending on where you shop and what you eat. In general, you can expect to pay between $142 and $1,394 (€132 – €1,300) per month for groceries. If you eat out often, you can expect to pay even more although a fair amount to spend on dining out and entertainment is around $340.

  • A famous farmers market known as Mercado dos Lavradores- sells the most exotic fresh fruits, veggies and flowers on the island.
  • Said to have price gouging, way more expensive than other markets nearby because its so popular.

Here are some tips for saving money on food in Madeira:

  • Cook at home instead of eating out.
  • Buy groceries in bulk.
  • Look for discounts and coupons.
  • Take advantage of free food events, such as street food festivals.

Transportation:

The cost of transportation in Madeira varies depending on how you travel. In general, you can expect to pay between $42 and $302 (€39 – €281) per month for public transportation. If you drive, you can expect to pay even more.

Here are some tips for saving money on transportation in Madeira:

  • Use public transportation instead of taxis or cars.
  • Buy a monthly pass for public transportation.
  • Carpool or take a taxi share.
  • Walk or bike when possible.

Healthy activities:

The cost of healthy activities in Madeira varies depending on what you do. In general, you can expect to pay between $30 and $88 (€28 – €82)per month for gym memberships, martial arts classes, yoga classes, and massages.

Others have said to spend around $418 (€390) for miscellaneous items such as dog food, manicures, pedicures, vet bills, alcohol, blankets, and household items.

Needs for your pets may only cost you around $45 per month so if you are thinking of bringing your furry friend along it is not too bad of an idea!

For my ladies out there, a manicure and pedicure can cost you only €18! Sometimes salons in Madeira may offer you deals if you have come in before, and in this case, a customer paid half price because she was in the month before.

You can expect to spend around $50 a month on haircuts for 2 people including beard cutting, highlights and tips included into this price.

Here are some tips for finding affordable healthy activities in Madeira:

  • Look for free activities, such as hiking, swimming, and sightseeing.
  • Take advantage of discounts and coupons.
  • Join a gym that offers a student or senior discount.

Health insurance:

The cost of health insurance in Madeira varies depending on the plan you choose. In general, you can expect to pay between $45 and $99 (€42 – €92) per month for health insurance.

Here are some tips for finding affordable health insurance in Madeira:

  • Compare plans from different providers.
  • Look for plans that cover your pre-existing conditions.
  • Consider buying a travel insurance plan.

It is also good to know that there is a mail delivery service to get mail from the USA for $15 a month if you are staying long-term in Portugal.

Total Monthly Cost Of Living In Madeira Portugal:

  • The total monthly cost of living in Madeira Portugal can vary depending on your lifestyle and location. However, you can expect to pay between $932 – $3,670 (€868 – €3,416) Per Month for all of your expenses.

Here are some additional tips for reducing your cost of living in Madeira Portugal:

  • Live outside of the city center.
  • Cook at home instead of eating out.
  • Take advantage of public transportation.
  • Get a health insurance plan that covers international travel.
  • Be mindful of your spending and track your expenses.

By following these tips, you can save money and live lavishly in Madeira Portugal.

A great monthly budget for a single person living in Madeira Portugal is around $1000 to $1,700 monthly.

You can also do it for cheaper depending on the neighborhood and area you choose to live in Madeira Portugal.

Others spend $2,900 or more each month for an extravagant, next-level lifestyle or even $1,000 on the strictest budget staying in hostels, couchsurfing, and smaller studio apartments, ensuring they make it work no matter what!

  • Expect to spend $932 – $3,670 (€868 – €3,416) Per Month for a single person or a family living in Madeira Portugal.
  • $2200 per Month is sufficient to live on.
    • Local Madeira Portugal markets, food trucks, Local food shops, and supermarkets are the most cost-effective and knowledgeable ways to shop and eat in Madeira Portugal!

Here is a table of expenses for the cost of living for a person living in Madeira Portugal per month:

Cost of Living in Madeira PortugalCost in USD ($)Cost in EUR (€)
Cost of Rent (Studio apartment)$600 – $1,077€560 – €1,000
Cost of Rent (1 bedroom apartment)$600 – $1,500€560 – €1,397
Cost of Rent (2 bedroom apartment)$850 – $3,500€792 – €3,260
Cost of Rent (3 bedroom apartment)$1,300 – $5,000€1,210 – €4,656
Cost of Utilities (electricity, water)$45 – $213€42 – €199
Cost of Mobile phone (unlimited data plan, Sim Card)$10 – $72€9 – €67
Cost of Internet (wifi)$18 – $33€16 – €31
Cost of Food (groceries, dining out, Local Portuguese Food)$142 – $1,394€132 – €1,300
Cost of Transportation (Public transport, Taxi, Scooter, car)$42 – $302€39 – €281
Cost of Healthy activities (gym, martial arts, yoga, massages)$30 – $88€28 – €82
Cost of Health insurance (SafetyWing, World Nomads, or Medicare)$45 – $99€42 – €92
Total Monthly Cost Of Living In Madeira Portugal$932 – $3,670€868 – €3,416

Please note that these are just estimates and prices may vary depending on the specific location and lifestyle.

Cost of Living in Madeira Portugal: Table of Expenses in 2023

This table of expenses will help you plan your budget for your move to Madeira Portugal.

The Cost of living table below is an extensive poll of Digital Nomads, Expats, travelers, our personal experience living here, Locals, and Numbeo users who were used when putting this together.

The Exchange Rate is $1 USD is currently equal to 0.90 EURO (EUR) This estimate is based on a Strict Budget Vs. A luxury Budget in Madeira Portugal per Month! The Cost Of Living In Madeira Portugal makes it possible to Live For $932 – $3,670 (€868 – €3,416) Per Month or more, depending on your spending habits! Check out the Currency Converter.

Here is the Table of the monthly budget for people living in Madeira Portugal:

Cost of Living Per Person in Madeira PortugalCost of Living (Monthly) in USD ($)Cost of Living (Monthly) in EUR (€)
Cost of Living for a Single Person in Madeira Portugal$932 – $3,670€868 – €3,416
Cost of Living as a Couple in Madeira Portugal$1,167 – $3,910€1,088 – €3,664
Cost of Living for a Family of Four in Madeira Portugal$2,236 – $5,292€2,072 – €4,925

Please note that these are just estimates and prices may vary depending on the specific location and lifestyle.

Expenses in Madeira PortugalAverage Monthly Cost (USD)Average Monthly Cost (EUR)
Average monthly rent for a studio$494 – $1,076€455 – €1,006
The average monthly cost for food and groceries$268 – $715€248 – €644
The average monthly cost for dining out$58 – $177€52 – $161
The average monthly cost for miscellaneous items$90 – $177€82 – $161
The average monthly cost of utilities$89 – $224€82 – €202
The average monthly cost of transportation$39 – $243€37 – 284
The total average monthly cost of living$1,042 – $2,642€968 – $2,458

Please note that these are just estimates and prices may vary depending on the specific location and lifestyle.

Different Expenses in Madeira PortugalAverage Monthly Cost (USD)Average Monthly Cost (EUR)
Rent and Accommodation$616 – $1046€452 – €907
Food and Groceries$176 – $324€136 – €240
Utilities$50 – $213€46 – €138
Public Transportation$42 – $84€34 – 68
Private Transportation$88 – $302€76 – 144
Healthcare$43 – $99€37 – 72
Entertainment$88 – $176€76 – 132
Clothing and Personal Items$88 – $176€76 – 132
Activities and Excursions$88 – $176€76 – 132

Please note that these are just estimates and the actual cost of living may vary depending on your lifestyle and spending habits.


Cost of Housing and Rent In Madeira Portugal In-Depth Summary And Table of Expenses

Cost Of Rent And Housing in Madeira Portugal

The cost of accommodation in Madeira Portugal can significantly vary depending if you are inside the city center vs outside or by the ocean vs further away. So this can make a big difference in what you pay for when it comes to accommodation in Madeira. It is possible to find a nice place for cheap like one of our friends is renting a 2 bedroom, 2 bath apartment, by the water (1,500 square feet) with view of the mountains and is very close to mall with grocery store and restaurants near by for $850 a month!

Then further away you can find a 1 bedroom and 1 bath apartment with views of the ocean for $600 a month.

Here is the best Website in all of Madeira Portugal to find apartment rentals in Madeira Portugal called Idealista

Cost of Housing and Rent in Madeira Portugal:

So how much does it cost to rent an apartment in Madeira?

You may be surprised to know that you can find affordable property all over the island.

The average rent for an apartment in Madeira varies depending on the size, location, and amenities of the apartment.

Here is a breakdown of the average rent for different types of apartments in Madeira:

  • Studio Apartment inside the city center: $750 – $1000 (€702 – €936)
    • A studio apartment is a one-room apartment that combines the living room, kitchen, and bedroom into a single space.
  • Studio apartment outside the city: $600 – $800 (€562 – €749)
    • A studio apartment is a one-room apartment that combines the living room, kitchen, and bedroom into a single space.
  • Shared room in the city center: $130 – $270 (€122 – €253)
    • A shared room is a room in a hostel or guesthouse that is shared with other guests. It may have a shared bathroom and common areas.
  • A shared room outside the city: $70 – $150 (€65 – €140)
    • A shared room is a room in a hostel or guesthouse that is shared with other guests. It may have a shared bathroom and common areas.
  • Hotel room (3-star): $50 – $120 (per night) (€47 – €112)
    • A 3-star hotel room will typically have a queen-size bed, a private bathroom, and a TV. It may also have a minibar and air conditioning.
  • Hotel room (5-star): $130 – $270 (per night) (€122 – €253)
    • A 5-star hotel room will typically have a king-size bed, a private bathroom, a TV, a minibar, and air conditioning. It may also have a balcony or terrace, a butler service, and access to a spa.
  • 1 bedroom apartment in the city center: $800 – $1,500 (€7748 – €1,403)
    • A one-bedroom apartment in the city center will typically have a living room, kitchen, bedroom, and bathroom. It may also have a balcony or terrace.
  • 1 bedroom apartment outside the city: $600 – $1,300 (€561 – €1,216)
    • A one-bedroom apartment outside the city will typically have a living room, kitchen, bedroom, and bathroom. It may also have a balcony or terrace.
  • 2-bedroom apartment inside the city: $1,000 – $3,500 (€935 – €3,275)
    • A two-bedroom apartment in the city center will typically have a living room, kitchen, two bedrooms, and two bathrooms. It may also have a balcony or terrace.
  • 2-bedroom apartment outside the city: $850 – $2,000 (€795 – €1,871)
    • A two-bedroom apartment outside the city will typically have a living room, kitchen, two bedrooms, and two bathrooms. It may also have a balcony or terrace.
  • 3-bedroom apartment inside the city: $1,500 – $5,000 (€1,403 – €4,677)
    • A three-bedroom apartment outside the city will typically have a living room, kitchen, three bedrooms, and two bathrooms. It may also have a balcony or terrace.
  • 3-bedroom apartment outside the city: $1,300 – $3,500 (€1,216 – €3,275)
    • A three-bedroom apartment outside the city will typically have a living room, kitchen, three bedrooms, and two bathrooms. It may also have a balcony or terrace.
  • Luxury Apartment: $3,500 – $5,000 (€3,275 – €4,677)
    • A luxury apartment will typically have a spacious living room, kitchen, multiple bedrooms, and bathrooms. It may also have a balcony or terrace, a butler service, and access to a spa.

Please note that these are just average prices and may vary depending on the specific location and amenities of the property.

Tips for finding affordable accommodation in Madeira Portugal

  • Book in advance: The earlier you book, the more likely you are to get a good deal.
  • Consider staying outside of the city: Accommodation is generally cheaper outside of the city center.
  • Look for hostels or guesthouses: Hostels and guesthouses are a great way to save money on accommodation.
  • Use a travel agent: A travel agent can help you find the best deals on accommodation.
  • Consider renting an apartment: If you’re traveling with a group, renting an apartment can be a more affordable option than staying in a hotel.
  • Look for deals online: There are a number of websites that offer deals on accommodation in Madeira.
    • Here are some websites that you can use to find affordable accommodation in Madeira:
  • Booking.com
  • Airbnb
  • Expedia
  • Tripadvisor

Additional tips to save more $$$:

  • To save money on your rental and daily expenses, consider looking for an apartment located in a neighborhood with access to local markets, gyms, and restaurants within short walking distances, and also make sure these are safe areas too.
  • You can also join Facebook groups such as “Digital Nomads in Madeira Portugal”, “Expats in Madeira Portugal” and Madeira Portugal rental groups on Facebook to connect with others and potentially find affordable rental options.
  • Alternatively, consider staying at a Hostel, Airbnb, hotel monthly, homestay, guesthouse, or bed and breakfast in Madeira Portugal for more affordable rates rather than a costly hotel or tourist location you can also ask around with locals and find a cheaper apartment that isn’t listed on websites.

I hope these tips help you save money on rent in Madeira, Portugal!

Monthly Cost Of Rent in Madeira Portugal: Table of Expenses in 2023

Cost of Housing and Rent in Lisbon PortugalAverage Monthly Rent Cost (USD)Average Monthly Rent Cost (€)
Studio Apartment in the City of Madeira Portugal$750 – $1000€700 – €932
Studio Apartment outside the City of Madeira Portugal$600 – $800€560 – €745
1 Bedroom Apartment in the City of Madeira Portugal$800 – $1,500€745 – €1,398
1 Bedroom Apartment outside the City of Madeira Portugal$600 – $1,300€560 – €1,211
2 Bedroom Apartment in the City of Madeira Portugal$1,000 – $3,500€932 – €3,260
2 Bedroom Apartment outside the City of Madeira Portugal$850 – $2,000€792 – €1,863
3 Bedroom Apartment in the City of Madeira Portugal$1,500 – $5,000€1,398 – €4,657
3 Bedroom Apartment outside the City of Madeira Portugal$1,300 – $3,500€1,280 – €3,260
Luxury Apartment in the City of Madeira Portugal$4,300 – $5,950€4,004 – €7,800
Luxury Apartment outside the City of Madeira Portugal$3,500 – $5,000€3,259 – €4,657

Please note that these are just average prices and may vary depending on the specific location and amenities of the property.

Here is a table of expenses for the Cost of rent and Accommodation in Madeira Portugal per month:

Type of Apartment in Madeira PortugalAverage Monthly Rent Cost per Month (USD)Average Monthly Rent Cost per Month (EUR)
Studio Apartment$600 – $1,077€562 – €1,008
1 Bedroom Apartment$700 – $1,800€655 – €1,685
2 Bedroom Apartment$900 – $3,200€842 – €2,994
3 Bedroom Apartment$1,340 – $5,100€1,254 – €4,771
Luxury Apartment$4,300 – $5,850€4,022 – €5,472

Please note that these are just estimates and prices may vary depending on the specific location and type of accommodation.

Cost of Rent for Housing in Madeira PortugalDescriptionAverage Monthly Rent Cost (USD)Average Monthly Rent Cost (EUR)
Studio Apartment inside the city centerA studio apartment is a one-room apartment that combines the living room, kitchen, and bedroom into a single space.$750 – $1000€702 – €936
Studio apartment outside the cityA studio apartment is a one-room apartment that combines the living room, kitchen, and bedroom into a single space.$600 – $800€562 – €749
Shared room in the city centerA shared room is a room in a hostel or guesthouse that is shared with other guests. It may have a shared bathroom and common areas.$130 – $270€122 – €253
A shared room outside the cityA shared room is a room in a hostel or guesthouse that is shared with other guests. It may have a shared bathroom and common areas.$70 – $150€65 – €140
Hotel room (3-star)A 3-star hotel room will typically have a queen-size bed, a private bathroom, and a TV. It may also have a minibar and air conditioning.$50 – $120(per night)€47 – €112
Hotel room (5-star)A 5-star hotel room will typically have a king-size bed, a private bathroom, a TV, a minibar, and air conditioning. It may also have a balcony or terrace, a butler service, and access to a spa.$130 – $270(per night)€122 – €253
1 bedroom apartment in the city centerA one-bedroom apartment in the city center will typically have a living room, kitchen, bedroom, and bathroom. It may also have a balcony or terrace.$800 – $1,500€7748 – €1,403
1 bedroom apartment outside the city centerA one-bedroom apartment outside the city will typically have a living room, kitchen, bedroom, and bathroom. It may also have a balcony or terrace.$600 – $1,300€561 – €1,216
2-bedroom apartment inside the cityA two-bedroom apartment in the city center will typically have a living room, kitchen, two bedrooms, and two bathrooms. It may also have a balcony or terrace.$1,000 – $3,500€935 – €3,275
2-bedroom apartment outside the cityA two-bedroom apartment outside the city will typically have a living room, kitchen, two bedrooms, and two bathrooms. It may also have a balcony or terrace.$850 – $2,000€795 – €1,871
3-bedroom apartment inside the cityA three-bedroom apartment outside the city will typically have a living room, kitchen, three bedrooms, and two bathrooms. It may also have a balcony or terrace.$1,500 – $5,000€1,403 – €4,677
3-bedroom apartment outside the cityA three-bedroom apartment outside the city will typically have a living room, kitchen, three bedrooms, and two bathrooms. It may also have a balcony or terrace.$1,300 – $3,500€1,216 – €3,275
Luxury ApartmentA luxury apartment will typically have a spacious living room, kitchen, multiple bedrooms, and bathrooms. It may also have a balcony or terrace, a butler service, and access to a spa.$3,500 – $5,000€3,275 – €4,677

Please note that these are just average prices and may vary depending on the specific location and amenities of the property.


Where to Stay in Madeira Portugal: Best Areas and Neighborhoods In Madeira Portugal

Here are some of the best areas, cities, and neighborhoods to live in in Madeira Portugal:

Funchal: capital of Madeira and also the most expensive city but with the biggest rental and resale potential and is a vibrant city with a lot to offer. Plenty of shops and many cultural attractions including the São Jorge Castle, the Botanical Gardens, and the Cristiano Ronaldo Museum. 

Rent prices can vary from $1,000 – $2,000 (€900 – €1,800)

Calheta: a small town located on the south coast of Madeira. The town is known for its beautiful beaches and its relaxed atmosphere and is conveniently the #1 spot for ex-pats to live in! It is also home to a number of resorts and hotels, as well as a number of restaurants and bars. Calheta is also home to the Calheta Lagoon, a popular spot for swimming, sunbathing, and water sports.

Rent prices can vary from: $800 – $1,500 (€720 – €1,350)

Ponta do Sol is a small town located on the west coast of Madeira. The town is known for its beautiful beaches and its stunning views of the Atlantic Ocean. The cost of living in Ponta do Sol is lower than in Funchal and Calheta but still a great place to relax and enjoy the sun and the sea. This town is home to a popular digital nomad village which is only 30 minutes away from Funchal and is one of the sunniest places on the island.

Rent prices can vary from: $600 – $1,200 (€540 – €1,080)

Ribeira Brava is a small town located on the south coast of Madeira. The town is known for its beautiful beaches and its relaxed atmosphere and a good way to get away from the noise in Funchal. The cost of living in Ribeira Brava is lower than Funchal and there are a number of affordable options available.

Rent prices can vary from: $500 – $1,000 (€450 – €900)

São Vicente is a small town located on the north coast of Madeira. The town is known for its beautiful beaches and its stunning views of the mountains making it a perfect place to enjoy the outdoors.

Rent prices can vary from: $400 – $800 (€360 – €720)

If you are looking for a vibrant city with a lot to offer, then Funchal is a great choice. If you are looking for a more relaxed beachside lifestyle, then Calheta, Ponta do Sol, Ribeira Brava, or São Vicente are all good options.

Lastly, the cost of living in Madeira can be a bit expensive if you don’t budget well but it is not as expensive as cities like Lisbon.

Click here For Amazing Hotels in Madeira!

Table of Neighborhoods and Best Areas To Live in Madeira Portugal:

Best Neighborhood &
Areas To Live in Madeira Portugal
DescriptionEstimated Monthly Cost (USD)Estimated Monthly Cost (EUR)Additional Information
FunchalThe capital of Madeira, Funchal is a vibrant city with a lot to offer. There are plenty of restaurants, bars, and shops, as well as a number of cultural attractions. The cost of living in Funchal is relatively high, but there are a number of affordable options available.$1,000 – $2,000€900 – €1,800Funchal is a great option for those who want to be in the heart of the action.
CalhetaCalheta is a small town located on the south coast of Madeira. The town is known for its beautiful beaches and its relaxed atmosphere. The cost of living in Calheta is lower than in Funchal, and there are a number of affordable options available.$800 – $1,500€720 – €1,350Calheta is a great option for those who want a more relaxed beachside lifestyle.
Ponta do SolPonta do Sol is a small town located on the west coast of Madeira. The town is known for its beautiful beaches and its stunning views of the Atlantic Ocean. The cost of living in Ponta do Sol is lower than in Funchal and Calheta and is home to a popular digital nomad village.$600 – $1,200€540 – €1,080Ponta do Sol is a great option for those who want a more relaxed beachside lifestyle with stunning views.
Ribeira BravaRibeira Brava is a small town located on the south coast of Madeira. The town is known for its beautiful beaches and its relaxed atmosphere. The cost of living in Ribeira Brava is lower than in Funchal, Calheta, and Ponta do Sol, and there are a number of affordable options available.$500 – $1,000€450 – €900Ribeira Brava is a great option for those who want a more relaxed beachside lifestyle with a small-town feel.
São VicenteSão Vicente is a small town located on the north coast of Madeira. The town is known for its beautiful beaches and its stunning views of the mountains. The cost of living in São Vicente is lower than in Funchal, Calheta, Ponta do Sol, and Ribeira Brava, and there are a number of affordable options available.$400 – $800€360 – €720São Vicente is a great option for those who want a more relaxed beachside lifestyle with a small-town feel and stunning mountain views.

Please note that these are just estimates and the actual cost of living will vary depending on your needs and preferences.


Living in Madeira Portugal Credible Reliable Sources

Here is a list of Government resources for Visas, Cost of living in Madeira Portugal, Facebook Groups, apartment rental sites, Tourism Boards, and more to help you with your potential move here! I hope this helps you all as you plan your move here!


Cost Of Transportation In Madeira Portugal Summary and Table of Expenses

When it comes to the Cost Of Transportation in Madeira Portugal you can expect to spend around $40 – $200 a month on transportation. It would take you approximately 4 hours to drive around the entire island. Fast roads and tunnels are avilable to connect you to all parts of the islands and most cars here are manual transmission. There are over 100 road tunnels with the longest being over 1.8 miles.

It is good to know that you don’t really need a car in Madeira, you can rely on taking buses or taxis. Although, there are mostly flat roads in Madeira but to fully enjoy what the island has to offer you will need a car.

Public transportation is a cheap and efficient way to get around Madeira. If you plan on using public transportation frequently, consider getting a monthly pass. This can save you money on the cost of individual tickets.

Monthly passes:

The cost of the monthly pass varies depending on the type of pass you choose. Here are some of the monthly passes available:

  • Giro 24: This pass is valid for 24 hours and allows you to travel unlimited on all SAM buses. The cost of the Giro 24 pass is €13 for adults and €9 for children.
  • Giro 15: This pass is valid for 15 days and allows you to travel unlimited on all SAM buses. The cost of the Giro 15 pass is €22.50 for adults and €15 for children.
  • Giro 30: This pass is valid for 30 days and allows you to travel unlimited on all SAM buses. The cost of the Giro 30 pass is €35 for adults and €25 for children.

You can purchase monthly passes at any SAM bus station or at the Horários do Funchal office in the Anadia Shopping centre.

To purchase a monthly pass, you will need to provide your passport or other form of identification. You will also need to pay a €0.50 registration fee.

Once you have purchased your monthly pass, you will need to validate it before each use. To validate your monthly pass, simply insert it into the validator machine located on the bus.

Different Passes:

  • Giro 24: Valid for 24 hours and allows you to travel unlimited on all SAM buses.
  • Adults: ($15) 13
  • Children: ($10) 9

Giro 15:

  • The pass is valid for 15 days and allows you to travel unlimited on all SAM buses.
  • Adults: ($25) €22.50
  • Children: ($16) €15

Giro 30: 

  • This pass is valid for 30 days and allows you to travel unlimited on all SAM buses.
  • Adults: ($38) €35
  • Children: ($27) €25

Here are the most popular transportation options available in Madeira Portugal, including their providers, descriptions, and costs:

Transportation Options in Madeira Portugal:

  • Taxis are a convenient way to get around Madeira. They are available 24 hours a day and can be hailed on the street or ordered by phone.
  • Taxis are a good option for short trips or for getting to and from the airport.
    • Estimated monthly cost: $50 – $100 (€45 – €90)
  • Buses are a cheap and efficient way to get around Madeira. There are a number of different bus routes that cover the entire island. Buses are a good option for longer trips or for exploring the island at your own pace.
    • Estimated monthly cost: $20 – $50 (€18 – €45)
  • Rental cars are a good option for those who want to explore Madeira at their own pace. There are a number of different car rental companies available on the island.
  • Rental cars are a good option for those who want to visit remote areas of the island or who want to have the flexibility to change their plans at the last minute.
  • A solid-powered medium vehicle is required as there are many hills and windy roads which are steep and difficult for small cars to maneuver. Traffic jams can be bad but not as bad as in Lisbon.
    • Estimated monthly cost: $100 – $200 (€90 – €180)
    • Car insurance can cost only €15 per month including the windshield.
    • Renting a car for the month may only cost you $120 and you can expect to pay around $60 per month on gas.
  • Pay in parkades will cost around €5 €6. For gas, parking, and car insurance you are looking at around 75 to 127.
  • The cable car is a fun and scenic way to get from Funchal to Monte. The cable car offers stunning views of the city from above and the surrounding mountains. It will connect you with the highest areas and the most amazing views.
    • Estimated monthly cost: $25 (€22)
  • Funicular is a fun and scenic way to get from Funchal to the upper town. The funicular offers stunning views of the city and the surrounding mountains.
    • Estimated monthly cost: $10 (€9)
  • Walking is a great way to explore Madeira. The island is full of beautiful walking trails that offer stunning views of the coastline and the mountains.
  • Cycling is a great way to explore Madeira and get some exercise done at the same time. The island is full of beautiful cycling trails that offer stunning views of the coastline and the mountains.
  • Scooters: There are a number of different scooter rental companies available on the island.

Here are some of the scooter rental companies in Madeira:

1. Madeira Scooter Rental

2. Madeira Fun Rentals

3. Madeira Scooters

You can expect to pay between €20 and €50 per day for a scooter rental.

  • To rent a scooter, you will need to have a valid driver’s license, credit card and need to be at least 18 years old.

Here are some tips for renting a scooter in Madeira:

  • Make sure you are familiar with the traffic laws in Madeira.
  • Wear a helmet at all times.
  • Be aware of the pedestrians and cyclists.
  • Don’t drink and drive.

Please note that these are just estimates and the actual cost of transportation will vary depending on your travel needs and preferences.

Insurance and Liability: When renting a scooter, it’s important to inquire about insurance coverage and liability. Some rental companies may include basic insurance coverage in the rental fee, while others may offer additional insurance options for an extra cost.

Addition tips for scooters in Madeira:

  • Read the rental agreement carefully before signing it.
  • Make sure you understand the terms of the rental, including the insurance policy.
  • Be aware of the local traffic laws.
  • Wear a helmet.

Uber:

  • Uber is not available in Madeira, Portugal but taxis are available.

Here are some other ride-hailing apps that are available in Madeira:

  • Bolt

Prices may vary depending on the provider, time of day, and season. Always check the latest pricing information before using any transportation service.

Here is a table of all Transportation Methods in Madeira Portugal as well as their estimated costs:

Transportation Methods in Madeira PortugalDescriptionEstimated Monthly Cost (USD)Estimated Monthly Cost (EUR)Service ProviderAdditional Information
TaxiTaxis are a convenient way to get around Madeira. They are available 24 hours a day and can be hailed on the street or ordered by phone.$50 – $100€45 – €90VariousTaxis are a good option for short trips or for getting to and from the airport.
BusBuses are a cheap and efficient way to get around Madeira. There are a number of different bus routes that cover the entire island.$20 – $50€18 – €45Horários do FunchalBuses are a good option for longer trips or for exploring the island at your own pace.
Rental CarRental cars are a good option for those who want to explore Madeira at their own pace. There are a number of different car rental companies available on the island.$100 – $200€90 – €180VariousRental cars are a good option for those who want to visit remote areas of the island or who want to have the flexibility to change their plans at the last minute.
Cable CarThe cable car is a fun and scenic way to get from Funchal to Monte. The cable car offers stunning views of the city and the surrounding mountains.$25€22Teleférico do FunchalThe cable car is a good option for those who want to see the city from above or who want to avoid the traffic in Funchal.
1 way is $14 usd (12.50 euros) round trip is 18 euros or $20
Best way to see the beauty of Funchal is above it in a cable car.
FunicularThe funicular is a fun and scenic way to get from Funchal to the upper town. The funicular offers stunning views of the city and the surrounding mountains.$10€9Funicular do MonteThe funicular is a good option for those who want to see the city from above or who want to avoid the traffic in Funchal.
WalkingWalking is a great way to explore Madeira. The island is full of beautiful walking trails that offer stunning views of the coastline and the mountains.$0€0NoneWalking is a good option for those who want to get some exercise and see the island at their own pace.
CyclingCycling is a great way to explore Madeira. The island is full of beautiful cycling trails that offer stunning views of the coastline and the mountains.$0€0NoneCycling is a good option for those who want to get some exercise and see the island at their own pace.

Please note that these are just estimates and the actual cost of transportation will vary depending on your travel needs and preferences.

Additionally, here are some other related expenses:

  • Gasoline (1 gallon): around $4 – $7 per gallon.
Monthly Cost Of Gas and Petrol For Scooter in Madeira PortugalEstimated Cost in USDEstimated Cost in EUR (€)
The average monthly cost for gasoline, Petrol for scooters$30 – $150€28 – €140

For more information check out the Government Of transportation in Madeira Portugal.


Cost of Food and Markets In Madeira Portugal Explained: Table Of Expenses 2023

Madeiran cuisine is a blend of Portuguese, African, and Creole influences. The island is home to a variety of fresh seafood, fruits, and vegetables. Bananas and wines are of the most important exports out of Madeira. Goods and services tend to be geared towards visitors since the island’s main industry is tourism.

Madeira is also home to a variety of delicious wines. The island’s climate is ideal for growing grapes, and Madeiran wines are known for their sweet, fruity flavors.

If you are looking for a delicious and authentic dining experience, Madeira is the perfect destination.

The cost of food in Madeira Portugal can range from affordable local food to dining out at restaurants.

  • Local food in Madeira Portugal: $126 – $300 (€114 – €276)

Local food in Madeira is generally less expensive than imported food. You can find a variety of local dishes at restaurants and cafes. You can also find local produce at farmer’s markets and grocery stores.

  • Mid-range restaurants in Madeira Portugal: $423 – $894 (€392 – €817)

Mid-range restaurants in Madeira offer a variety of dishes at a variety of prices. You can expect to pay $325 for two per month based on the cost per meal at mid-range restaurants in Madeira. You can also find more expensive restaurants that offer fine dining experiences.

  • Fine dining restaurants in Madeira Portugal: $1,018 – $1,394 (€932 – €1,291)

Fine dining restaurants in Madeira offer a luxurious dining experience. You can expect to pay a premium for the food, service, and atmosphere.

  • Groceries in Madeira Portugal: $168 – $336 (€152 – €302)

Groceries in Madeira are generally less expensive than in other European countries. You can find a variety of groceries at supermarkets and grocery stores.

  • Supermarkets (imported goods) per item: $2 – $43 (€1 – €37)

Imported goods are generally more expensive than local goods. You can find a variety of imported goods at supermarkets and grocery stores.

  • Street food in Madeira Portugal: $109 – $228 (€100 – €204)

Street food in Madeira is a great way to experience the local cuisine. You can find a variety of street food stalls and vendors throughout the island.

  • Specialty food stores in Madeira Portugal: $2 – $67 (€1 – €60)

Specialty food stores in Madeira sell a variety of niche products, such as imported foods, gourmet foods, and organic foods.

  • Overall Monthly Cost of Food in Madeira Portugal: $142 – $1,394 (€122 – €1,291)

The overall monthly cost of food in Madeira will vary depending on your lifestyle and dietary needs. However, the estimates above should give you a good starting point.

Overall Monthly Cost of Food in Madeira Portugal

  • Average cost: $300 – $650 per month for a family of four is the average cost of cooking meals at home all the time but if not, you are looking at around $400 – $850 per month for a family of four very possible as food is a bit cheaper than in places like Lisbon and other big cities in Portugal.
  • The cost of groceries will vary depending on the family’s eating habits and the type of food they eat.
  • You can expect to spend around $480 or less for groceries and other items like beer, wine, and beauty products which can also be found at the grocery store.
  • A family that eats at mid-range restaurants will spend more than a family that eats at home or at fast food restaurants.

Here are some tips for reducing the cost of food in Madeira Portugal:

  • Cook at home. Eating out can be expensive in Madeira. Cooking at home is a great way to save money.
  • Buy local produce. Madeira is known for its delicious produce. Buying local produce is a great way to support the local economy and save money on food costs.
  • Shop at discount stores. There are many discount stores in Madeira where you can find great deals on clothes, electronics, and other goods.
  • Take advantage of student discounts. If you’re a student, you may be eligible for discounts on a variety of goods and services in Madeira.

Additional tips:

  • Plan your meals ahead of time. This will help you avoid impulse purchases at the grocery store.
  • Make a list and stick to it. This will help you stay on budget and avoid overspending.
  • Cook in bulk. This is a great way to save time and money. You can freeze leftovers for later.
  • Grow your own food. If you have the space, you can grow your own food. This is a great way to save money and eat healthier

If you are on a tight budget, you can still eat well in Madeira. There are many affordable options available, such as street food and eating local food. Just be sure to do your research and plan ahead.

Overall, the monthly cost of food in Madeira Portugal for 1 or 2 people can range from $142 – $1,394 or €122 – $1,291.

Here is a table of expenses for the Cost of Food in Madeira Portugal per month:

Cost of Food & Groceries in Madeira PortugalEstimated Monthly Cost in USDEstimated Monthly Cost in EUR (€)
Local food in Madeira Portugal$126 – $300€114 – €276
Mid-range restaurants in Madeira Portugal$423 – $894€392 – $817
Fine dining restaurants in Madeira Portugal$1,018 – $1,394€932 – $1,291
Groceries in Madeira Portugal$168 – $336€152 – €302
Supermarkets (imported goods) per item$2 – $43€1 – €37
Street food in Madeira Portugal$109 – $228€100 – €204
Specialty food stores in Madeira Portugal$2 – $67€1 – €60
Overall Monthly Cost of Food in Madeira Portugal$142 – $1,394€122 – $1,291

Please note that these are just estimates, and the actual cost of food in Madeira may vary depending on the location and the type of food you choose.

Here is an example table of expenses for the average monthly food and grocery costs in Madeira Portugal:

Average Food Costs in Madeira PortugalEstimated Monthly Cost in USDEstimated Monthly Cost in EUR (€)
The average monthly cost for groceries and local food$112 – $326€105 – €304
The average monthly cost for dining out$373 – $1,119€349 – €1,057
The average monthly cost for miscellaneous food items$16 – $40€15 – €36
The total average monthly cost for food in Madeira Portugal$149 – $1,492€140 – $1,401

Please note that these are just estimates, and the actual cost of food in Madeira may vary depending on the location and the type of food you choose.

Here is a table of estimated costs for Food and Groceries in supermarkets in Madeira Portugal:

Food & Grocery Costs in Madeira PortugalEstimated Monthly Cost in USDEstimated Monthly Cost in EUR (€)
Milk (1 liter)$1.20 – $2.00€1.00 – €1.70
Bread (500g loaf)$1.00 – $2.00€0.80 – €1.70
Rice (1kg)$1.00 – $1.50€0.80 – €1.20
Chicken (1kg)$2.50 – $7€2.00 – €6
Apples (1kg)$1.00 – $1.50€0.80 – €1.20
Oranges (1kg)$1.00 – $1.50€0.80 – €1.20
Eggs (1 dozen)$1.00 – $1.50€0.80 – €1.20
Cheese (1kg)$3.00 – $4.00€2.50 – €3.30
Beef (1kg)$7.00 – $14.00€6 – €13
Potatoes (1kg)$1.00 – $1.50€0.80 – €1.20
Tomatoes (1kg)$1.00 – $1.50€0.80 – €1.20
Onion (1kg)$1.00 – $1.50€0.80 – €1.20
Soft drink (1.5-liter bottle)$1.50 – $2.00€1.20 – €1.70
Beer (330ml bottle)$1.00 – $1.50€0.80 – €1.20
Wine (mid-range bottle)$4.00 – $7.00€3 – €6.00
Fast food meal$4.00 – $7.00€3 – €6.00
Restaurant meal (mid-range)$15.00 – $30.00€14.00 – €28.00

Please note that these are just estimates and the actual cost of groceries and food may vary depending on the store and the time of year.

Food & Grocery Costs in Madeira PortugalEstimated Cost (USD)Estimated Monthly Cost in EUR (€)
Meal, Inexpensive Restaurant$5 – $16€6 – €15
Meal for 2, Mid-range Restaurant, Three-course$30 – $50€28 – €47
Combo Meal at McDonald’s or Similar$7 – $10€6 – €9
Coke/Pepsi (0.33-liter bottle)$1 – $2€0.8 – €1.7
Domestic Beer (0.5-liter draught)$1.50 – $3€1.7 – €2.5
Cappuccino (regular)$1 – $3€1.7 – €2.5
Bottled Water (0.33-liter bottle)$1 – $2€0.8 – €1.7
Milk (regular), (1 liter)$1 – $2€0.8 – €1.7
Loaf of Fresh White Bread (500g)$1 – $2€0.8 – €1.7
Rice (white), (1kg)$1 – $2€0.8 – €1.7
Eggs (regular) (12)$1 – $2€0.8 – €1.7
Local Cheese (1kg)$3 – $5€2.5 – €4.2
Chicken Breasts (Boneless, Skinless), (1kg)$3 – $6€2.5 – €5
Beef Round (1kg) or Equivalent Back Leg Red Meat$7 – $10€6 – €9
Apples (1kg)$1 – $2€0.8 – €1.7
Banana (1kg)$1 – $2€0.8 – €1.7
Oranges (1kg)$1 – $2€0.8 – €1.7
Tomato (1kg)$1 – $2€0.8 – €1.7

Please note that these are just estimates, and your actual costs may vary. It is always a good idea to check with the vendor before ordering.

Here is a Table of the Best Local Traditional Street Food in Madeira Portugal:

Best Local Traditional Street Food in Madeira PortugalDescriptionEstimated Monthly Cost (USD)Estimated Monthly Cost (EUR)
EspetadaEspetada is a traditional Madeiran dish of grilled beef or pork skewers. The meat is marinated in a mixture of wine, garlic, and spices, and then grilled over an open fire. Espetada is typically served with a side of rice or potatoes.$5 – $10€4 – €7
Bolo do CacoBolo do caco is a traditional Madeiran flatbread. The bread is made with wheat flour, water, salt, and yeast, and then cooked in a wood-fired oven. Bolo do caco is typically served with a variety of toppings, such as cheese, butter, or honey.$2 – $5€2 – €4
PregoPrego is a traditional Madeiran sandwich made with steak, cheese, and a fried egg. The sandwich is typically served with a side of fries or salad.$3 – $6€2 – €5
LapasLapas are a type of shellfish that are native to the Mediterranean Sea. Lapas are typically steamed or grilled, and then served with a lemon wedge.$2 – $5€2 – €4
Espada com BananaEspada com banana is a traditional Madeiran dish of black scabbardfish (espada) served with banana. The fish is typically grilled or baked, and then served with a sauce made from bananas, onions, and spices.$5 – $10€4 – €7

Please note that these are just estimates, and the actual cost of street food in Madeira may vary depending on the location and the type of food you choose.


Cost of Utilities in Madeira Portugal Summary and Table of Expenses 2023

Here is an estimated monthly cost breakdown of utilities in Madeira Portugal, including electricity, gas, water, internet, and mobile phone services.

  • Basic electricity/gas: The cost of electricity and gas in Madeira varies depending on your usage. A typical household in Madeira uses around 300 kWh of electricity per year and 1,000 cubic meters of gas per year. The average cost of electricity in Madeira is €0.20 per kWh and the average cost of gas is €0.10 per cubic meter. This means that the average household in Madeira spends around €60 per year on electricity and €100 per year on gas. If you have solar energy, utility prices will be cheaper because you will not be paying for gas.
  • Water: The cost of water in Madeira is also based on usage. A typical household in Madeira uses around 100 cubic meters of water per year. The average cost of water in Madeira is €1.50 per cubic meter. This means that the average household in Madeira spends around €150 per year on water.
  • Garbage collection: The cost of garbage collection in Madeira is €10 per month. This fee covers the collection of household waste and recyclable materials.
  • Internet: The cost of internet in Madeira varies depending on the speed and type of connection you choose. Keep in mind that there are good deals when you do bundles which can include phone, tv, and high-speed internet costs for $46 a month for 2 people.
  • A typical household in Madeira uses a broadband internet connection with speeds of up to 100 Mbps. The average cost of broadband internet in Madeira is €30 per month.
  • Mobile phone: The cost of mobile phone plans in Madeira varies depending on the provider, the type of plan you choose, and the amount of data you use. A typical household in Madeira uses around 10 GB of data per month. The average cost of a mobile phone plan with 10 GB of data in Madeira is €20 per month.

Here are some tips for reducing your utility expenses in Madeira, Portugal:

  • Use public transportation. Public transportation is a great way to get around Madeira without having to use your car. This can save you money on gas and parking fees.
  • Walk or bike. Madeira is a relatively small island, so it’s easy to get around by walking or biking. This is a great way to get some exercise and save money on transportation costs.
  • Take advantage of free activities. There are many free activities to enjoy in Madeira, such as hiking, swimming, and exploring the city. This is a great way to save money on entertainment costs.
  • Cook at home. Eating out can be expensive in Madeira. Cooking at home is a great way to save money.
  • Buy local produce. Madeira is known for its delicious produce. Buying local produce is a great way to support the local economy and save money on food costs.
  • Shop at discount stores. There are many discount stores in Madeira where you can find great deals on clothes, electronics, and other goods. You can expect to spend around $60 per month on clothes and around $55 on household items.
  • Take advantage of student discounts. If you’re a student, you may be eligible for discounts on a variety of goods and services in Madeira.

The Total Monthly Cost of Utilities in Madeira Portugal ranges from $130 – $250 (€110 – €230).

Here is an estimated table of expenses for the average monthly utilities in Madeira Portugal:

Cost of Utilities in Madeira PortugalEstimated Monthly Cost (USD)Estimated Monthly Cost in EUR (€)Service Provider
Basic electricity/gas$45 – $90€36 – €72EDP
Water$18 – $27€15 – €21Águas do Madeira
Garbage Collection$9 – $18€7 – €14Madeira Ambiente
Internet (ADSL, Wifi)$18 – $27€15 – €21NOS, MEO, Vodafone
Internet (Fiber Optic, Wifi)$27 – $33€21 – €28NOS, MEO, Vodafone
Mobile Phone Sim Card (Prepaid)$9 – $18€7 – €14NOS, MEO, Vodafone
Mobile Phone Plan (Postpaid)$27 – $45€21 – €36NOS, MEO, Vodafone
Mobile Phone Plan (Unlimited Data)$54 – $72€44 – €60NOS, MEO, Vodafone
Total Monthly Cost of Utilities in Madeira Portugal$130 – $250€110 – €230

Please note that these are just estimates, and the actual cost of utilities may vary depending on your usage and the service providers you choose.


Pros and Cons of Living in Madeira Portugal: Is it the Right Choice for You?

Madeira Portugal has beautiful scenery and a nice warm climate however it is a small island and not as much of a vibrant nightlife scene like Lisbon or Porto.

Pros of Living in Madeira:

  1. Beautiful scenery: Madeira is known for its beautiful scenery, which includes mountains, forests, and beaches.
  2. Warm climate: Madeira has a warm climate year-round, with average temperatures ranging from 18°C (64°F) in the winter to 26°C (79°F) in the summer.
  3. Friendly people: Madeirans are known for being friendly and welcoming.
  4. Good healthcare: Madeira has a good healthcare system, with hospitals and clinics located throughout the island.
  5. Excellent food: Madeira has a delicious cuisine, which is influenced by Portuguese, African, and Asian flavors.
  6. Safe and secure: Madeira is a safe and secure island, with a low crime rate.

Cons of Living in Madeira:

  1. High cost of living: The cost of living in Madeira is higher than in many other parts of Portugal but still affordable but it is good to know that there is a lack of sandy golden beaches but this is good for locals as it helps Madeira not to become overrun by hotel developments.
  2. Lack of job opportunities: There are limited job opportunities in Madeira, especially for foreigners.
  3. Long commutes: The island of Madeira is small, but it can take a long time to get around, especially during rush hour.
  4. Small island: Madeira is a small island, and there may not be enough to do for some people but there are only 2 golden sunny beaches in Madeira and then there are small artificial ones that import sand from the Sahara desert.
  5. Tourism impact: Madeira is a popular tourist destination which means it can become crowded during peak tourist seasons. This may affect the quiet and charm of certain neighborhoods.
  6. Not a lot of nightlife: Madeira does not have a lot of nightlife, especially compared to larger cities.

Overall, Madeira is a beautiful island with a lot to offer. However, it is important to be aware of the lack of job opportunities before making a decision about whether or not to move to Madeira.

Pros and Cons of Living in Madeira Portugal Table:

Pros of Living in Madeira PortugalCons of Living in Madeira Portugal
Beautiful sceneryLack of sandy golden beaches
Warm climateLack of job opportunities
Friendly peopleLong commutes
Good healthcareSmall island
Excellent foodNot a lot of nightlife
Safe and secureTourism impact

It is important to weigh the pros and cons carefully before making a decision about whether or not to move to Madeira.

Feel free to reach out to, members of expat communities so that you can make an informed decision that aligns with your lifestyle.


Leisure, Activities, and Things to Do in Madeira Portugal

Here are some of our favorite and most popular places to see in Madeira:

  1. Explore the city of Funchal: Funchal is the capital of Madeira and is a beautiful city with a lot to offer visitors. There are many historical landmarks to see, such as the São Lourenço Fort and the Sé Cathedral. There are also many museums, such as the Madeira Museum and the Cristiano Ronaldo Museum. And of course, no visit to Funchal would be complete without trying the local food.
  2. Take a Toboggan ride: ride downhill on narrow roads at high speeds, in wooden “cars” without mechanical breaks that run at speeds of almost 30 miles per hour.
  3. in the 19th century primary use of public transportation but now is for enterntsinment for viitors
  4. Go hiking in the Laurisilva Forest: The Laurisilva Forest is a UNESCO World Heritage Site and is home to a unique type of forest that is found nowhere else in the world. There are many hiking trails to choose from, ranging from easy to challenging.
  5. Visit the Botanical Garden: The Botanical Garden is home to a wide variety of plants from all over the world. There are also many walking trails and a beautiful lake.
  6. Take a boat trip to see the dolphins and whales: Madeira is home to a variety of dolphins and whales, and there are many boat trips available that will take you out to see them.
  7. Go surfing: Madeira has some of the best surfing in Europe. There are waves for all levels, from beginners to experts.
  8. Go paragliding: Paragliding is a great way to see the island from a different perspective. There are many companies that offer paragliding tours.
  9. Go wine tasting: Madeira is known for its delicious wine. There are many wineries on the island that offer tours and tastings.
  10. Visit Madeira’s highest mountain: Pico Ruivo- take a 5.1-mile hike on Madeira’s highest mountain, you start off standing above the clouds watching the sunrise and have viewpoints of colorful valleys and dark tunnels and it is doable even for a beginner hiker. Keep in mind if u don’t start early enough, you may not finish.
  11. Relax on the beach: Madeira has many beautiful beaches, perfect for relaxing and soaking up the sun.
  12. Visit the Cristiano Ronaldo Museum: The Cristiano Ronaldo Museum is a museum dedicated to the life and career of Cristiano Ronaldo. The museum is located in Funchal.
  13. Visit the Madeira Wine Museum: The Madeira Wine Museum is a museum dedicated to the history and production of Madeira wine. The museum is located in Funchal.
  14. Visit the Ribeira Brava Gorge: The Ribeira Brava Gorge is a beautiful gorge located in the south of Madeira. There are many hiking trails in the area, making it a great place to explore the natural beauty of Madeira.
  15. Go swimming in the Seixal Natural Pools: The Seixal Natural Pools are a series of natural pools located in the south of Madeira. The pools are a great place to cool off on a hot day and enjoy the beautiful scenery.
  16. Visit the traditional houses: Santana is a small town in the north of Madeira. It is known for its traditional houses, which are made of wood and have thatched roofs. There are also many hiking trails in the area, making Santana a great place to explore the natural beauty of Madeira.
  17. Go surfing in Ponta do Pargo: Ponta do Pargo is a small town on the west coast of Madeira. It is a popular spot for surfing, as the waves here are some of the best on the island.
  18.  Visit Monte Palace tropical garden: $14 per person– children under 15 enter for free. You will get to visit 1 Chinese and 1 Japanese garden.

These are just a few of the many things to do in Madeira. With so much to offer, you’re sure to find something to keep you busy during your visit.

Here is a table of the best things to do in different neighborhoods in Madeira Portugal:

Area/NeighborhoodBest Activities To DoDescriptionCost of Activities
FunchalExplore the city of Funchal (very walkable city)Funchal is the capital of Madeira and is a beautiful city with a lot to offer visitors. There are many historical landmarks to see, such as the São Lourenço Fort and the Sé Cathedral. There are also many museums, such as the Madeira Museum and the Cristiano Ronaldo Museum. And of course, no visit to Funchal would be complete without trying the local food.Varies
CaniçoRelax on the beachCaniço is a popular beach resort town on the south coast of Madeira. The beaches here are some of the best on the island, with golden sand and clear waters. There are also many restaurants and bars in Caniço, making it a great place to relax and enjoy the sun.Free
Câmara de LobosGo whale watchingCâmara de Lobos is a small fishing village on the south coast of Madeira. It is a popular spot for whale watching, as the waters off the coast are home to a variety of dolphins and whales. There are many companies that offer whale-watching tours from Câmara de Lobos. 5 miles from the city center and is the second biggest city in Madeira.€30
SantanaVisit the traditional housesSantana is a small town in the north of Madeira. It is known for its traditional houses, which are made of wood and have thatched roofs. There are also many hiking trails in the area, making Santana a great place to explore the natural beauty of Madeira.Free
Porto MonizGo surfingPorto Moniz is a small town on the north coast of Madeira. It is a popular spot for surfing, as the waves here are some of the best on the island. There are also many swimming pools in the area, making Porto Moniz a great place to cool off on a hot day.€20
Paul da SerraGo hikingPaul da Serra is a plateau in the center of Madeira. It is a popular spot for hiking, as there are many trails to choose from, ranging from easy to challenging. The views from Paul da Serra are also amazing, making it a great place to relax and enjoy the scenery.Free
Ribeira BravaVisit the Ribeira Brava GorgeThe Ribeira Brava Gorge is a beautiful gorge located in the south of Madeira. There are many hiking trails in the area, making it a great place to explore the natural beauty of Madeira.Free
SeixalGo swimming in the Seixal Natural PoolsThe Seixal Natural Pools are a series of natural pools located in the south of Madeira. The pools are a great place to cool off on a hot day and enjoy the beautiful scenery.Free
Ponta do PargoGo surfingPonta do Pargo is a small town on the west coast of Madeira. It is a popular spot for surfing, as the waves here are some of the best on the island.€20
Paul do MarGo surfingPaul do Mar is a small town on the west coast of Madeira. It is a popular spot for surfing, as the waves here are some of the best on the island.€20
Jardim Botânico da MadeiraVisit the Madeira Botanical GardenThe Madeira Botanical Garden is a beautiful garden located in Funchal. The garden is home to a wide variety of plants from all over the world.€10
Monte Palace Tropical GardenVisit the Monte Palace Tropical GardenThe Monte Palace Tropical Garden is a beautiful garden located in Funchal. The garden is home to a wide variety of plants from all over the world.€10
Cristiano Ronaldo MuseumVisit the Cristiano Ronaldo MuseumThe Cristiano Ronaldo Museum is a museum dedicated to the life and career of Cristiano Ronaldo. The museum is located in Funchal.€15
Madeira Wine MuseumVisit the Madeira Wine MuseumThe Madeira Wine Museum is a museum dedicated to the history and production of Madeira wine. The museum is located in Funchal.€10

These are just a few of the many things to do in the best areas and neighborhoods of Madeira, Portugal. With so much to offer, you’re sure to find something to keep you busy during your visit.

You can also check out the 100s of things to do in Madeira Portugal Here



Cost of Healthcare in Madeira Portugal

  • Public healthcare: Madeira Portugal has a universal healthcare system that is funded by taxes.
  • Private healthcare: There is also a private healthcare system in Madeira Portugal that is available to those who want to purchase it. Private healthcare is not free unlike public healthcare but it offers a wider range of services and hospitals and clinics are available specifically for those with private healthcare.
  • Health insurance: It is not mandatory to have health insurance in Madeira Portugal, but it is strongly recommended.
  • The average cost of health insurance in Madeira Portugal is €400 per year. However, the cost of health insurance can vary depending on the level of coverage that you choose.
  • Locals tend to pay ($43) €40 EUR per month for private insurance- up to ($110) €100 EUR for a family.
  • Expats have reported paying around €70-80 EUR ($76-$87) for insurance.
  • This can depend on if you get coverage within the country or internationally.

The quality of care is high, and the cost of care is relatively low. However, there are some challenges facing the healthcare system, such as an aging population and a shortage of doctors.

Here are some of the pros and cons of the healthcare system in Madeira:

Pros:

  • Universal healthcare coverage
  • High quality of care
  • Low cost of care

Cons:

  • Aging population
  • Shortage of doctors

Overall, the healthcare system in Madeira is a good option for those who are looking for affordable, high-quality care.

Portugal is a universal healthcare system that is funded by the government. All residents of Madeira are entitled to free healthcare, regardless of their income or employment status.

The healthcare system is divided into two levels: primary care and secondary care.

Primary care is provided by family doctors and community health centers. Family doctors are responsible for providing general medical care, including preventive care, diagnosis, and treatment of common illnesses. Community health centers provide a range of services, including immunizations, health education, and counseling.

Secondary care is provided by hospitals and specialized clinics. Hospitals provide inpatient and outpatient care for a range of medical conditions. Specialized clinics provide care for specific medical conditions, such as cancer, heart disease, and mental health.

In addition to the public healthcare system, there is also a private healthcare system in Madeira. Private healthcare providers offer a range of services, including private hospitals, clinics, and doctors. Private healthcare is not covered by the government, so patients must pay for their own care.

There are a number of health insurance companies that offer plans specifically for travelers.

These plans typically cover a wide range of services, including emergency medical care, doctor’s visits, and prescription medications.

You should also make sure that you understand the terms and conditions of the plan before you sign up.

SafetyWing Insurance is an innovative travel insurance solution designed for travelers, digital nomads, and remote workers. Whether you’re on a gap year, working abroad, or traveling for business, SafetyWing offers a comprehensive coverage plan to keep you protected and secure during your journey.

Here are just a few reasons why you should try SafetyWing Insurance for your next trip:

  1. Global Coverage: SafetyWing insurance covers you anywhere in the world, including countries that many other insurance companies exclude.
  2. Affordable: SafetyWing offers affordable, more cost-effective insurance options than many other travel insurance plans.
  3. Easy to Use: With SafetyWing, you can sign up, manage your policy, and file claims all from the comfort of your phone or computer.
  4. Wide Range of Coverage: SafetyWing offers coverage for a variety of events, including medical emergencies, trip cancellations, lost or stolen property, and more.
  5. 24/7 Support: SafetyWing provides 24/7 support to its customers, so you can get help when you need it, no matter where you are in the world.

We suggest you also have it, especially if you live as an expat and digital nomad in Madeira Portugal.

We always use SafetyWing for international travel insurance and medical concerns. They start at $45 a month!

It’s truly incredible and always reliable!

Here is a table of Healthcare costs in Madeira Portugal:

Healthcare Cost and Services in Madeira PortugalCost in USD ($)Cost in EUR (€)
Doctor’s Visit (General Practitioner)$19 – $39€17 – €35
Specialist Visit$49 – $77€45 – €70
Prescription Medications (Generic)$4 – $14€3 – €13
Prescription Medications (Brand Name)$19 – $40€17 – €36
Dental Cleaning$27 – $47€25 – €43
Dental Filling$49 – $77€45 – €70
Eye Exam$49 – $77€45 – €70
Glasses (Basic)$49 – $77€45 – €70
Glasses (Designer)$141 – $282€127 – €254
Emergency Room Visit$98 – $156€90 – €143
Hospital Stay (Per Day)$98 – $156€90 – €143
Health Insurance (Individual)$19 – $107€17 – €100

Please note that these are just average prices and may vary depending on the specific healthcare provider and the specific service.


Main FAQS Section About Madeira Portugal:

What is the monthly cost of living in Madeira Portugal?

The cost of living in Madeira Portugal on average, is around $932 – $3,670 (€868 – €3,416) Per Month.

What is the Cost Of Living in Madeira Portugal vs. the USA?

The Cost Of Living in Madeira Portugal is around 71.6% cheaper than living in New York City, USA, and the average monthly Cost of living in Madeira Portugal is $932 – $3,670 (€868 – €3,416) Per Month in Madeira Portugal vs $5,500 to $10,398 per month living in New York City, United States.

What is the Cost of Accommodation in Madeira Portugal?

The Cost of Accommodation in Madeira Portugal costs around $600 to $5,000 per month from a simple studio to a Luxury 3+ bedroom Condo.

What is the best time of year to visit Madeira Portugal?

The best time to visit Madeira Portugal is from March to May (early spring) and autumn. It is important to keep in mind that July and August are the peak times for tourists to come so it is ideal to consider going a few months prior to this.
April to June and November to December are the times there is the most rain in Madeira.

How Much does it cost to live in Madeira Portugal?

On average, living in Madeira Portugal costs around $932 – $3,670 (€868 – €3,416) Per Month.

What is the Cost of Utilities in Madeira Portugal?

The Cost of Utilities in Madeira Portugal cost around $39- $243 per month, depending on your energy consumption!

What is the Cost of Food in Madeira Portugal vs. the USA?

The Cost Of Food in Madeira Portugal is 59% cheaper than in New York, United States. Monthly Food Costs in Madeira Portugal from $150 – $1,620 per month for a strict vs luxury budget.

What is the Cost Of Rent in Madeira Portugal vs. the USA?

The Cost of Rent in Madeira Portugal is 78.4% cheaper than in New York, United States.
A 1-bedroom apartment in Madeira Portugal costs $650 – $1,500 per month on average, and a 1-bedroom Apartment in New York City, United States, Costs over $2908 per month.

What are the Food Expenses In Madeira Portugal?

The Food expenses in Madeira Portugal are from $268 – $715 per month if you cook at home and sometimes enjoy dining out. Make sure to eat the local food, and visit farmer’s markets to save money.

What are the Rental Expenses In Madeira Portugal?

The monthly rent for a studio in Madeira Portugal ranges from $600 – $1000.
1 bedroom
in Madeira Portugal ranges from $600 – $1,500 depending if the apartment is inside or outside of the city center.
2-bedroom apartments in Madeira Portugal range from $800 – $3,500.
3-bedroom apartments in Madeira Portugal range from $1,300 – $5,000.

What are the Expenses for a Single Person in Madeira Portugal?

The expenses for a Single Person in Madeira Portugal from $932 – $3,670 (€868 – €3,416) Per Month for all expenses.

What is the average cost of Rent In Madeira Portugal?

The Average cost of rent in Madeira Portugal is around $800 to $1,000 Per Month in Madeira Portugal.

What is the average Cost of Transportation In Madeira Portugal?

The average cost of transportation in Madeira Portugal is $39- $243 per month, Depending on if you use a bus, public transport, scooter, or car.

What is the Cost of Mobile Phone SIM and Internet Data In Madeira Portugal?

The Cost of Phone Data and internet from Madeira Portugal is around $10 to $72 per month.

What is the Average Cost of Food in Madeira Portugal?

The average Cost of Food in Madeira Portugal costs around $268 – $515 per month if you cook at home and eat local food.
Be sure to shop at local markets for the best and cheapest food to keep yourself under a budget!

Is Madeira Portugal a good place to live?

Yes, Madeira is generally considered to be a safe city to live in. It has a low crime rate, and the locals are known for being friendly and welcoming.
However, as with any city, there are always some risks. Here are a few tips to help you stay safe in Madeira:
Be aware of your surroundings: This is especially important at night. Avoid walking alone in dark or secluded areas.
Don’t flash your valuables: Keep your belongings close to you, and don’t carry around large amounts of cash.
Be careful of pickpockets: Pickpockets are a common problem in tourist areas. Be aware of your surroundings and keep your belongings close to you.
Don’t drink too much alcohol: Alcohol can impair your judgment and make you more vulnerable to crime.
Trust your instincts: If you feel uncomfortable in a situation, trust your instincts and leave.

Is it expensive to live in Madeira Portugal?

No, it is not expensive to live in Madeira Portugal you can expect to spend $932 – $3,670 (€868 – €3,416) Per Month.
The cost of living in Madeira is about 71.6% lower than in New York City and 51.8% lower than in London.

What is the average salary in Madeira Portugal?

The Average Yearly Salary in Madeira Portugal is around €28,706 per year or $30,679 USD

What is a good salary to live in Madeira Portugal?

A good salary to live in Madeira Portugal is $33,000 USD.

Here are some tips for staying safe in Madeira:

  • Be aware of your surroundings and take precautions against pickpockets.
  • Do not walk alone at night in unfamiliar areas.
  • Keep your valuables close to you at all times.
  • Do not carry large amounts of cash.
  • Be wary of strangers who offer you help or gifts.
  • If you are a victim of a crime, report it to the police immediately.

By following these tips, you can help to ensure your safety while you are living in Madeira.

Here are some tips for saving money in Madeira:

  • Look for apartments outside of the city center.
  • Cook at home instead of eating out.
  • Take advantage of free activities, such as walking tours and museums.
  • Use public transportation (get the monthly pass if long-term stay).
  • Shop at local markets for groceries.
  • Take advantage of student discounts.


Cost Of Living in Madeira Portugal and Budget Tips Conclusion

Thank you for reading our comprehensive guide on the cost of living in Madeira Portugal.

Living in Madeira Portugal can be a great experience. There is so much to explore, the people are friendly, and there are tons of things to do.

Main Points Final Budget Tips for Living in Madeira Portugal

  • We hope this guide has been helpful in providing you with a comprehensive overview of the cost of living in Madeira Portugal.
  • Of course, the actual cost of living will vary depending on your lifestyle and spending habits.
    • However, by following the tips in this guide, you can save money and live comfortably in Madeira Portugal.
      • Final Budget Tips
        • Budgeting: Create a monthly budget to track your expenses and income. Allocate specific amounts for different categories such as housing, groceries, transportation, and entertainment. This will help you avoid overspending and make sure you have enough money to cover all of your expenses.
        • Rent: Consider living in a more affordable neighborhood or sharing an apartment with roommates to reduce your housing costs. Compare rental prices and negotiate with landlords for a better deal.
        • Transportation: Opt for public transportation like buses, trams, and trains instead of relying on taxis or owning a car. Madeira has a well-connected public transport system, and using passes or travel cards can be more cost-effective than individual tickets.
        • Dining: Eating out frequently can be expensive, so try cooking at home more often. Explore local markets and grocery stores to buy fresh produce and ingredients at affordable prices. Pack your lunch for work instead of eating out every day.
        • Entertainment: Look for free or low-cost activities and events happening in Madeira, such as outdoor concerts, art exhibitions, or festivals. Take advantage of the city’s parks and enjoy nature without spending money.
        • Utilities: Be conscious of your energy and water consumption. Turn off lights when not in use, unplug electronics, and use energy-efficient appliances. Consider installing a water-saving showerhead and faucet aerators to reduce water usage.
        • Second-hand items: Consider purchasing second-hand furniture, appliances, or clothing instead of buying brand new. Websites, local classifieds, and thrift stores are good places to find affordable items in good condition.
        • Health insurance: Research and compare health insurance plans to find the most suitable and cost-effective option for your needs. Look for plans that cover essential services but have lower premiums.
        • Savings account: Open a savings account specifically for your long-term goals or emergency fund. Set aside a portion of your income each month and prioritize saving for the future.
        • Be mindful of small expenses: Keep track of small daily expenses like coffee, snacks, or impulse purchases. These small expenses can add up quickly, so consider cutting back or finding more affordable alternatives.
        • Remember, saving money requires discipline and conscious decision-making. Evaluate your spending habits regularly, identify areas where you can make adjustments, and always be on the lookout for opportunities to save.
      • Become a local. The best way to save money in Madeira Portugal is to become a local.
      • This means befriending the locals, learning about their culture, and eating at their favorite restaurants which will be cheaper than restaurants that serve Western food and will still be delicious.

By following these tips, you can save money and live comfortably in Madeira Portugal.

Additional Tips

  • Learn some basic Portuguese phrases. This will help you get around and communicate with locals.
  • Pack light, as you will be doing a lot of walking.
  • Bring a hat, sunglasses, and sunscreen to protect yourself from the sun.
  • Drink plenty of water to stay hydrated.
  • Be Aware of Your Surroundings: Stay alert and aware of your surroundings, especially in crowded areas and tourist hotspots. Pay attention to your belongings and be cautious of pickpockets.
  • Use Reliable Transportation: Opt for licensed taxis or reputable ride-sharing services when traveling around the city, especially late at night. Avoid getting into unmarked or unofficial taxis.
  • Secure Your Accommodation: Choose accommodations in safe and reputable areas. Ensure that your accommodation has proper security measures in place, such as sturdy locks, a safe for your valuables, and well-lit entryways.
  • Avoid Dark and Isolated Areas: Stick to well-lit and populated areas, particularly at night. Avoid walking alone in secluded or poorly lit streets or parks. If possible, travel with a companion, especially during late hours.
  • Use Reliable ATMs and Card Safety: Choose ATMs located in well-lit and secure areas, such as inside banks or shopping centers. Be cautious when using your credit or debit card and shield your PIN when entering it. Notify your bank about your travel plans to avoid any issues with card usage.
  • Protect Your Personal Belongings: Keep your personal belongings secure at all times. Use a bag with a secure closure and consider wearing it across your body rather than on one shoulder. Avoid carrying large sums of cash and only take essential items with you when you go out.
  • Respect Local Customs and Laws: Familiarize yourself with local laws and customs to ensure you don’t unintentionally violate any regulations. Be respectful of local traditions, cultural norms, and religious sites. It’s advisable to dress modestly in religious or conservative areas.
  • Emergency Contacts: Save important emergency numbers in your phone, including the local police, ambulance, and your embassy or consulate. In case of an emergency, knowing who to contact can be crucial.
  • Be sure to keep in mind that the emergency services # in Portugal is 112.

And lastly, trust your instincts!

Trust your instincts and intuition. If something feels uncomfortable or unsafe, remove yourself from the situation. Don’t hesitate to ask for help or seek assistance from local authorities if needed.

Additional Budget Tips That You May Find Helpful

  • Stay in a hostel or Airbnb instead of a hotel. Hostels and Airbnb are often much cheaper than hotels, and they’re a great way to meet other travelers.
  • Buy a local SIM card for your phone. This will save you money on international calls and data.

Additional Tips on How to Find Affordable Accommodations in Madeira Portugal

  • Look for apartments during the off-season. Accommodations are often cheaper during the off-season when there are fewer tourists. ( & don’t forget to start your search early as the best apartments go first)!
  • Use Idealista Madeira Portugal to find apartments in Madeira Portugal and other areas in Europe.
    • Consider staying in a hostel or guesthouse. Hostels and guesthouses are often more affordable than hotels, and they can be a great way to meet other travelers.
  • Look for apartments that are being rented out by the owner directly. You can often find better deals on apartments that are being rented out by the owner directly, rather than through a real estate agent.
    • Be flexible with your move-in date. If you’re flexible with your move-in date, you’ll have more options to choose from and you’re more likely to find a good deal.
  • Look for apartments that are close to public transportation.
    • This will save you money on transportation costs.
  • Look for apartments that are in a safe neighborhood.
    • This will give you peace of mind and make you feel more comfortable in your new home.
  • Take advantage of free amenities. Many apartments come with free amenities, such as Wi-Fi, laundry facilities, parking and sometimes even solar panels are included in the home which will help save on your electric bill every month.
  • Negotiate the rent price.
    • If you’re willing to negotiate, you may be able to get a lower rent price.
      • By following these tips, you can find affordable accommodations in Madeira Portugal, and enjoy a high quality of life on a budget.

Madeira Portugal is a safe and clean city with a vibrant cultural scene and a variety of things to do, making it a great place to live and work.

We hope you enjoy your stay in Madeira Portugal!

Thank you for choosing our guide as your resource, and we wish you all the best on your journey to this amazing destination!

Check out below for relevant articles and more travel resources that will help you on your journey!

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Travel Resources and Reliable Sources For Madeira Portugal

  • Booking Flights: To score insane flight deals, search on Google FlightsSkyscanner. Money-saving tips: fly in the middle of the week, on the weekend; fly carry-on only on a budget airline, and take red-eyes or early morning flights.
  • Money Exchanging for Digital Nomads and expats: For exchanging money use Wise Which is the Best Option if you are a digital nomad and Expat. Wise is a cheaper solution to send, spend and receive money internationally rather exchanging money through other platforms like Paypal, Payoneer that cost a lot of money for exchange fees and rates.
  • Tours, tour packages, activities and booking private drivers: We love booking guided tours, especially food and walking tours, to get a local’s perspective and a history lesson while sight-seeing! We reserve our tours using Viator, and GetYourGuide for professional service.
  • Accommodations: We usually stay in budget-friendly vacation rentals, boutique hotels, or private hostel rooms. We use Booking.com to book hotels (we love their flexible cancellation policy) and Hostelworld to book hostels (low deposit, easy change/cancellation, and excellent reviews). We use Airbnb monthly for weekly or monthly rentals, where you can get an entire villa for a monthly fee in for under $400 a month! You can also book vacation rentals on Expedia USAExpedia UKHotels.com, and Vrbo, like Airbnb.
  • Travel Insurance: We always have travel insurance monthly for international trips and living abroad. We STRONGLY suggest that you have it as well, just in case other digital nomads live abroad, and we always use SafetyWing for international travel insurance and medical concerns. SafetyWing is one of the few policies covering Covid-19, and they start at $42 a month! It’s incredible and always reliable! SafetyWing is perfect for Digital Nomads and long-term travelers!
  • Travel Credit Cards
  • Vaccines & Meds: We use the travel guides on the CDC website to research recommended medications and vaccines for international trips. You can get them at your primary care doctor’s office or a walk-in pharmacy.
  • Transportation: We use GetTransfer, and the local Uber-type apps in different countries. Usually, that is Grab.
  • VPN Service: A VPN keeps your digital information (like website login details, bank info, etc.) safe, even when you’re connected to an unsecured network while traveling. Plus, it lets you use Netflix & other streaming sites abroad! We use NordVPN!

If you want to keep up with our travels, go ahead and follow us on our travel page on Instagram @onelifepassport! Comment below what else you would like to know/see about our experiences traveling the world! Also, check out our YouTube Channel!

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