Cost of living in Cascais, Portugal (2024)

Cascais, a Picturesque Fishing Village Transformed into One of Portugal's Most Sophisticated Destinations

Cascais, once a quaint fishing village, has evolved into one of Portugal's most sophisticated destinations. Often associated with the elite and a luxurious lifestyle, it is located on the Estoril coast, just a few kilometers from Lisbon. Cascais blends the serenity of seaside life with the convenience of proximity to the capital.

The cost of living in Cascais is considerably higher than the Portuguese national average but remains relatively lower compared to other popular European cities.

Housing: The Heart of Living Costs

Housing is undoubtedly the most significant expense for those living in Cascais. The real estate market in this region reflects its popularity among expatriates and wealthy locals, with sale and rental prices above the national average. A one-bedroom apartment in the village center can cost between €1,300 and €1,700 per month in rent, and around €925 outside the center. For those seeking more space, a three-bedroom apartment outside the center can range from €1,800 to €2,900 monthly. Property purchase prices are also high, with three-bedroom apartments in prime locations easily exceeding €670,000.

Electricity: Energy is relatively affordable in Portugal. A monthly electricity bill for a medium-sized house costs between €35 and €90, depending on the time of year and the type of heating.

Water: Water is also relatively affordable in Portugal. A monthly water bill for a medium-sized house costs between €20 and €40.

Gas: A couple, on average, spends €30 of gas in the summer and up to €60 in the winter.

TV + internet costs between €35 and €50 per month.

Food: Flavors of the Sea and More

Cascais is proud of its gastronomic offerings, especially fresh seafood. Dining out can be a pleasure but also a luxury, with meals at average restaurants costing between €10 and €20 per person. More refined establishments can be significantly more expensive, particularly those with stunning ocean views. For those who prefer home cooking, the average monthly grocery cost for one person can range from €200 to €300, depending on dietary habits and preference for local or imported products.

Transportation: Between Convenience and Necessity

Although Cascais is a relatively compact area, many residents choose to have a car, especially if they work in Lisbon or enjoy exploring the region. Fuel and maintenance costs should be considered, along with car insurance, which can vary significantly. Public transport, including trains and buses to Lisbon, offers an effective and economical alternative. A monthly train pass connecting Cascais to Lisbon costs about €40, providing a practical option for commuters.

Public transportation in Portugal is relatively affordable. Taxis are also relatively affordable. A 10-kilometer taxi ride costs about €15.

Health: An Investment in Quality of Life

The healthcare system in Portugal is known for its quality, and Cascais is no exception. The public health system offers services at reduced costs, but many residents opt for private health insurance to access a broader range of services and shorter wait times. The costs of private health insurance can start from €20 to €50 per month, depending on the coverage.

Private health insurance can vary between €35 and €100 per person, depending on age and the services that are covered.

Education: The Future of the Younger Generation

For families with children, education is a significant consideration. Cascais has several public and private schools, including some international ones offering curriculums in English. Tuition at international schools can be substantial, ranging from €10,000 to €20,000 annually, an important factor for expatriate families or those valuing an international education.

Public education in Portugal is free for all students up to the age of 18. However, foreigners who are not Portuguese citizens may have to pay tuition fees at public universities. Private nurseries in Portugal cost between €350 and €500 per month. It is also possible to find cheaper institutions or, even, others that the government subsidizes.

Leisure and Entertainment: Life Beyond Obligations

Cascais truly shines when it comes to leisure and entertainment. From its stunning beaches and hiking trails to art galleries, there is always something to do. The costs associated with leisure activities can vary widely, but with many free or low-cost options, it is possible to enjoy what Cascais has to offer without spending much. A trip to the cinema, for example, costs about €7 per ticket, while dining out can vary depending on the venue chosen. For those interested in outdoor activities like golf or tennis, club memberships can add a significant cost to the monthly budget, although many find the quality of these facilities justifies the price.

Connection with Nature: Beaches and Parks

One of the major advantages of living in Cascais is the free access to some of Portugal's most beautiful landscapes. The beaches of Cascais are famous for their beauty and offer an excellent leisure option at no cost. Additionally, the proximity of the Serra de Sintra provides incredible opportunities for hiking and nature walks, contributing to a high quality of life without necessarily increasing the cost of living.

Community and Culture: Priceless Enrichment

Cascais is not just a place to live; it is a vibrant community with a rich cultural offering. Museums, galleries, and cultural events often have low or even free entry prices, allowing residents to enjoy an active cultural life. Music festivals, craft fairs, and community events are common, many of which are free or very low cost, providing an excellent opportunity to integrate and better understand Portuguese culture.

Salaries in Portugal

The minimum wage in Portugal is € 820 in 2024 . The value is below what is necessary to live in the country.

However, if each person earns the equivalent of the average salary in Portugal of €1,539, it is possible to have a very comfortable life in the country.

Purchasing Power

Contrary to the European trend, purchasing power in Portugal fell by 4.7% in 2023. This year it stood at €13,906 per capita.

Europe as a whole recorded an increase of 5.8%, compared to 2022, now reaching €17,688.

Comparisons with Other Cities:

Lisbon: The cost of living in Cascais is similar to Lisbon, especially in terms of accommodation. However, Lisbon offers more public transport options and cultural activities, which may offset the higher costs. Barcelona: The cost of living in Barcelona is generally higher than in Cascais, especially in terms of accommodation. However, Barcelona offers a vibrant cultural and gastronomic life, attracting many visitors and international residents. Paris: The cost of living in Paris is significantly higher than in Cascais, particularly in terms of accommodation and food. Paris is considered one of Europe's most expensive cities, with premium prices for goods and services.

Final Considerations

Cascais offers a high-quality lifestyle at a relatively affordable cost compared to other European cities. The cost of living in the city can be higher for families, especially with children, due to education and childcare costs.

When considering Cascais as a place to live, it is important to keep your budget and lifestyle in mind. It is essential to research the costs of accommodation, transportation, food, and other expenses to determine if the city fits your expectations and financial resources.

Living in Cascais can be as expensive or affordable as you make it, depending on your lifestyle choices. While the cost of housing and certain services may be high, there are many ways to enjoy what this beautiful region has to offer without spending much.

It is estimated that the monthly cost for a family of four can be around €3,700, and for a single person, around €1,800.

In summary, Cascais offers exceptional quality of life, with access to high-quality services, a welcoming community, and endless natural beauty. With careful planning and informed decisions, it is possible to make this charming corner of Portugal your home, enjoying all it has to offer while keeping a reasonable handle on living costs.

More info about Cascais

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By Pedro Pettermann and Sol deAlós

Brokers at RE/MAX Cidadela in Cascais and Lisbon since 2004

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