×
Interested in our Partner Program for businesses or our Local Guide Program for experienced expats and digital nomads? Click here to learn more.
Expat Exchange - Cost of Living in Portofino 2024
Expat Exchange
Free MembershipSign In


Cost of Living in Portofino

By Joshua Wood, LPC

Tripiamo
Tripiamo

Summary: If you're moving to Portofino, understanding the the cost of living in Portofino helps you know what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Apartment Rentals Rent for a one-bedroom apartment in the city center of Portofino is around €1,000 per month. Rent for a three-bedroom apartment in the city center is around €2,000 per month. Rent for a one-bedroom apartment outside the city center is around €800 per month. Rent for a three-bedroom apartment outside the city center is around €1,500 per month.
Apartment Purchases The average price per square meter for an apartment in the city center of Portofino is around €7,000. The average price per square meter for an apartment outside the city center is around €5,000.
Transportation A monthly public transport ticket costs around €30. A one-way ticket costs around €1.50. A taxi ride within the city center costs around €10. A taxi ride from the city center to the airport costs around €50.
Groceries A liter of milk costs around €1. A loaf of bread costs around €1.50. A dozen eggs costs around €2. A kilogram of local cheese costs around €10. A kilogram of apples costs around €2.50.
Restaurants A meal at an inexpensive restaurant costs around €15. A three-course meal for two at a mid-range restaurant costs around €50. A cappuccino costs around €2. A bottle of local beer costs around €4.
Utilities Basic utilities for an 85m2 apartment, including electricity, heating, cooling, water, and garbage, costs around €150 per month. Internet costs around €30 per month.
Private School Tuition Preschool tuition costs around €1,000 per month. Elementary school tuition costs around €2,000 per month. Middle school tuition costs around €3,000 per month. High school tuition costs around €4,000 per month.

Monthly Budget for Retirees in Portofino

"Portofino is known as one of the most expensive places in the country. The cost of living in this picturesque coastal town is significantly higher than the national average. Housing is the biggest factor in the cost of living difference. Renting a small apartment in the city center can be quite costly, and buying property can cost several million euros. The cost of food and dining in Portofino is also high, especially in the many upscale restaurants that cater to the town's affluent residents and visitors. Groceries tend to be more expensive than in other parts of Italy due to the town's remote location and the high quality of local products.Transportation costs can also be high, especially if you own a car, as petrol is expensive and parking can be scarce and costly. However, many residents and visitors choose to get around by scooter, bike, or on foot, which can help to mitigate these costs.In terms of healthcare, while Italy has a national health service, private healthcare is also available and can be quite expensive. Overall, while the cost of living in Portofino is high, many people feel that the town's natural beauty, pleasant climate, and luxurious lifestyle make it worth the expense," said one expat living in Portofino.

Can I live in Portofino on $1,500 a month?

"I've been living in Portofino for a while now, and I can tell you that it's quite challenging to live comfortably on $1,500 a month, especially if you're used to modern amenities. Portofino is a beautiful and picturesque town, but it's also quite expensive due to its popularity among tourists and wealthy visitors. To make it work, you'll have to make some sacrifices and be smart about your spending.First, you'll need to find affordable accommodation. The town center and areas close to the marina are quite pricey, so I'd recommend looking for a place to live in the surrounding neighborhoods, such as Santa Margherita Ligure or Rapallo. These towns are less expensive and well-connected to Portofino by public transportation. You can find a small apartment or a room in a shared flat for around $600-$800 per month.Next, you'll need to be mindful of your daily expenses. Eating out in Portofino can be quite costly, so I'd suggest cooking at home as much as possible and shopping for groceries at local markets or discount supermarkets. When you do eat out, try to avoid the touristy spots and opt for more affordable local trattorias or pizzerias.As for transportation, owning a car in Portofino can be expensive due to parking fees and fuel costs. I'd recommend using public transportation, such as buses and trains, which are relatively cheap and efficient. You can also save money by walking or cycling around town.When it comes to entertainment and leisure activities, you'll need to prioritize and choose wisely. Visiting museums, galleries, and other attractions can add up quickly, so take advantage of free or discounted admission days. Also, consider spending time outdoors, exploring the beautiful coastline and hiking trails in the area, which are free and offer stunning views.In conclusion, living comfortably on $1,500 a month in Portofino is possible, but it requires some sacrifices and smart budgeting. By finding affordable accommodation, being mindful of daily expenses, and prioritizing leisure activities, you can make the most of your time in this beautiful Italian town," commented an expat living in Portofino.

Can I live in Portofino on $3,500 a month?

"I've been living in Portofino for a while now, and I can tell you that it's possible to live comfortably on $3,000 a month, but you'll have to make some sacrifices. Portofino is a beautiful and charming town, but it's also quite expensive, especially when it comes to housing and dining out. To make it work, you'll have to be smart about where you choose to live. I'd recommend looking for an apartment in a nearby town like Santa Margherita Ligure or Rapallo, which are more affordable and still offer a good quality of life. You can find a decent one-bedroom apartment in these towns for around $1,000 to $1,500 a month, whereas in Portofino, you'd be looking at $2,000 or more for a similar place. Another sacrifice you'll have to make is cutting back on dining out. Restaurants in Portofino are quite pricey, so you'll want to cook at home more often or explore more affordable dining options in neighboring towns. As for transportation, you can save money by using public transportation or even biking around the area. Owning a car can be expensive, especially considering the cost of parking and fuel in Italy. Lastly, you'll have to be mindful of your overall spending on entertainment and leisure activities. There are plenty of free or low-cost things to do in the area, like hiking, visiting local markets, and enjoying the beautiful beaches. However, you'll want to avoid splurging on high-end shopping or frequent trips to nearby tourist destinations like Cinque Terre or Florence, as these can quickly eat into your budget. In conclusion, living comfortably on $3,000 a month in Portofino is possible, but you'll have to be strategic about your housing, dining, transportation, and leisure choices. By making some sacrifices and being mindful of your spending, you can enjoy a good quality of life in this beautiful Italian town," said one expat living in Portofino.

Can I live in Portofino on $5,000 a month?

"I've been living in Portofino for a while now, and I can tell you that it's possible to live comfortably on $5,000 a month, but you'll need to make some adjustments and sacrifices. Portofino is a beautiful and luxurious place, but it's also quite expensive, especially when it comes to housing and dining out.First, you'll need to find a more affordable neighborhood to live in. I'd recommend looking into nearby towns like Santa Margherita Ligure or Rapallo. Both are just a short drive or train ride away from Portofino and offer more reasonably priced housing options. You can find a nice apartment for around $1,500 to $2,000 a month, which will leave you with enough money for other expenses.As for dining out, you'll need to be more selective about where you eat. Portofino is known for its high-end restaurants, which can be quite pricey. Instead, try exploring the local markets and cooking at home more often. You can also find some more affordable restaurants in the nearby towns I mentioned earlier.Another thing to consider is transportation. Owning a car in Portofino can be expensive due to parking fees and fuel costs. I'd recommend using public transportation, like buses and trains, to get around. It's not only more affordable, but it's also a great way to explore the beautiful Ligurian coast.Lastly, you'll need to be mindful of your overall spending. It's easy to get caught up in the luxurious lifestyle that Portofino offers, but sticking to a budget will help you live comfortably on $5,000 a month. Prioritize your expenses and cut back on non-essential items, like shopping for designer clothes or going out for expensive drinks.In conclusion, living in Portofino on $5,000 a month is possible, but you'll need to make some sacrifices and adjustments. By choosing a more affordable neighborhood, being mindful of your dining and transportation choices, and sticking to a budget, you can enjoy the beauty and charm of Portofino without breaking the bank," commented an expat living in Portofino.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.


Tripiamo
Tripiamo

Tripiamo
Tripiamo

Allianz Care
Allianz Care

Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
Get Quote

Allianz CareAllianz Care

Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
Get Quote

Contribute to Italy Network Contribute
Help others in Italy by answering questions about the challenges and adventures of living in Italy.

Tripiamo
Tripiamo

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal Partners & Local Guides