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In contrast, Portugal's economy is more confident, and currently has many opportunities. The economy here is growing significantly thanks to increased tourism as well as the country's cork industry, which produces half the world's commercially used cork. The cost of living in Portugal is 48 percent less than that of New York.
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In Portugal the general income tax rates for 2022 are: 28.5 percent for those earning €15,217 - €19,696 35 percent for those earning €19,676 - €25,076 37 percent for those earning €25,076 - €36,757 43.5 percent for those earning €36,758 - €48,033 While in Spain the tax rates for 2022 are: 24 percent for those earning €12,450-€20,200
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Living in Portugal will cost less, as Portugal is more affordable than life in Spain. Be it accommodation, food, drinks, or traveling, you will find Portugal remarkably affordable on the whole. For example, the average rent in Madrid for a 1-bedroom apartment in the center is around €1,000.
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A Detailed Guide (UPDATED 2024) Home » Travel » Portugal Side-by-Side Comparison of Portugal and Spain Published February 16, 2023 / Updated November 16, 2023 Written by Nadia Podrabinek Hello, my name is Nadia.
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- Living in Spain vs Portugal: Taxes. As taxation is concerned, data suggests that Portugal is worse than Spain. However, this does not take into account the Non-Habitual Residency (NHR) program, but only the "normal" rates of income tax. If a newcomer to Portugal uses NHR, it can lessen the impact of Portuguese taxes..
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Where Should I Move? Spain or Portugal? Spain or Portugal: Which country is best for British expats? Judging these countries fairly depends on whereabouts in each country you are looking to relocate as the North of each differs from the South. Porto and Bilbao are extremely different from Seville and Lagos.
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How to choose English Choosing between retirement in Portugal or Spain isn't easy; here's how the two countries compare from an everyday living perspective. Emily Hopkins September 9, 2022 Retirement Last Updated on November 20, 2023 by Maryam Siddiqui Retirement in Portugal or Spain is becoming a hot topic, especially among travel communities.
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Spain has the advantage of being on the Mediterranean Coast. This means the water here is a fair bit warmer than in Portugal. During the summer months water temperatures in Spain are somewhere between 76 and 82 degrees. Combined with air temperatures in the (sometimes high) 90s this is just about perfect.
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The main pros of living in Portugal include the following: High safety and security. Low cost of living compared to the rest of Europe. Picturesque beaches. Sporting opportunities include the best surfing spots in Europe, top golf courses, hiking, and paraplanning. High English language standards.
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7161 posts. I have visited Spain several times and Portugal twice. Both countries have a lot to offer. My sense was that Portugal was a bit cheaper than Spain. The people in both countries are friendly, but I would give the edge to Portugal on that account. In my opinion, both countries are gender LGBTQ friendly.
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Compared to the United States, Spain and Portugal are about 45% cheaper to live in, so no matter where you choose to live, there will be a significant difference if you come from the United States or Canada. Still, cost of living might be one of the reasons many digital nomads favor Portugal over Spain.
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Living in Portugal, Moving to Portugal Last Updated on November 20, 2023 by Maryam Siddiqui It's always been a difficult decision to choose between Portugal and Spain.
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Cost Of Living Comparison Between Portugal And Spain Switch to metric measurement units Spain Meal, Inexpensive Restaurant 10.00 € 12.00 € +20.0 % Meal for 2 People, Mid-range Restaurant, Three-course 40.00 € 45.00 € +12.5 % McMeal at McDonalds (or Equivalent Combo Meal) 7.50 € 8.00 € +6.7 % Domestic Beer (1 pint draught) 2.00 € 2.50 € +25.0 %
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Retiring in Spain vs Portugal Published on 8 November 2021 | Last updated on 26 October 2023 | Written by Lucia Lagunas Reyes If you want to retire to a place where you can enjoy a relaxed lifestyle, a rich culture and a community full of friendly and helpful people, you should consider southern Europe, with Spain or Portugal among the top choices.
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Winner: Portugal Citizenship Possibilities Both Spain and Portugal allow you to apply for citizenship (and that coveted "EU passport") after a period of living there, a process known as naturalisation. In Portugal, that period is five years [ source] whereas in Spain it's generally 10 years [ source ].
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Cost Of Living Comparison Between Spain And Portugal Switch to metric measurement units Meal, Inexpensive Restaurant 12.00 € 10.00 € -16.7 % Meal for 2 People, Mid-range Restaurant, Three-course 45.00 € 40.00 € -11.1 % McMeal at McDonalds (or Equivalent Combo Meal) 8.00 € 7.00 € -12.5 % Domestic Beer (1 pint draught) 2.50 € 2.00 € -20.0 %
