Cost of living in Madeira
Madeira, a picturesque island in Portugal, is known for its stunning landscapes and vibrant culture. Understanding the cost of living here is crucial for anyone considering relocation or extended stay.
This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $10.43 on average, with a range between $6.26 and $15.64.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $40, with prices ranging from $37.55 to $93.87.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8.34, with a range between $7.41 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.56 to $5, imported beer $1.67 to $7.5, cappuccino $1.04 to $4.17, and Coke/Pepsi $1.25 to $2.09.
Grocery Prices
- Milk - Milk is priced between $0.86 and $1.3 per liter, averaging $1.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.97 and $4.69, with an average price of $1.56.
- Eggs (Dozen) - A dozen eggs range from $2.3 to $4.32, averaging $3.67.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.24 to $2.61 per kg, while oranges range from $1.04 to $3.65 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.9 and $2.56 per kg, and lettuce costs $0.83 to $2.6 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.61 and $1.83 per liter.
- Taxi Fares - Taxi fares start at $3.13, with a cost of $0.49 to $2.09 per km and $16.9 to $17.73 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $52.15 and $156.45, averaging $98.47.
- Internet - Internet services range from $20.86 to $57.36, with an average cost of $36.33.
Cost of Living Rankings
The cost of living indices for Portugal are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Portugal, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
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Transportation
Transportation
Utilities (Monthly)
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Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Madeira offers a relatively affordable cost of living compared to many Western European locations, particularly in dining and grocery expenses.
Transportation costs are moderate, with gasoline prices being a significant factor.
Utilities and internet services are reasonably priced, making it easier to manage monthly expenses.
Conclusion
In conclusion, Madeira presents a balanced cost of living with affordable dining and grocery options, making it an attractive destination for both short-term visitors and long-term residents.
While housing data is limited, the overall expenses suggest a manageable lifestyle for those considering moving to this beautiful island.