Why Retire in Portugal?
Thinking of living in Portugal during your retirement? You’re not alone! Over 14,000 U.S. citizens have chosen this beautiful country as their home, with the number of Americans increasing by 239% from 2017 to 2022. Retirees are particularly attracted to Portugal for its warm climate, low crime rate, and affordable cost of living.
Challenges to Consider
However, there are some downsides. A significant language barrier exists for those who don’t speak Portuguese, and the distance from major U.S. cities can be daunting, with Lisbon being 3,367 miles from New York City.
Real Experiences
Take Alison Rudolph, a retired environmental health specialist, who now lives in Porto. She mentions, “All regions are well-suited for retirees,” and emphasizes the importance of finding a location that matches your lifestyle preferences.
Key Factors to Consider Before Moving
- Home Purchase Costs are Rising: Prices in popular areas like Lisbon and Porto are increasing due to high demand. Expect to pay significantly more than in previous years.
- Cost of Living Relief Outside Major Cities: Living in rural areas can provide a more affordable lifestyle without sacrificing beauty. Locations like Alentejo and Aveiro are worth exploring.
- Lifestyle Budgeting: While some costs, like gasoline, may be high, healthcare and food are generally cheaper than in the U.S.
- Understanding the D-7 Visa: This popular visa allows retirees to live in Portugal, requiring a minimum passive income of 8,460 euros per year.
- Cultural Integration: Language learning is crucial. Engaging with local expats and embracing the slower pace of life will enhance your experience in Portugal.
Conclusion
Portugal offers a warm and welcoming environment for retirees, with ample opportunities to enjoy a fulfilling life. As Rudolph puts it, “We love it here now.”
Additional Resources
- How to Manage Retirement Savings When Living Abroad
- Retire Abroad Before 55: Expert Tips
- Where to Retire 2025: Puerto Rico
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