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Cost of living in Spain is low, even in the cities. Leaving aside rent or mortgage paymentsâand depending on your lifestyleâa couple could easily live on $18,000 to $22,000 per year and still eat out regularly. Once you know where to go, a meal for two with wine or beer can cost as little as $22.
Portugal offers arguably the lowest cost of living in Western Europe. Just about everything, from accommodation to groceries, is affordable. Including rent, a couple can live comfortably in Portugalâs interior, or in small cities, from about $1,700 a month. A coupleâs budget in Lisbon starts at about $2,100 or $2,200 a monthâ¦though you can, of course, spend more. Singles should plan on a budget of about two-thirds that of a couple.