Faro, Portugal: Cost of Living, Healthcare, Local Clubs and Activities, Healthcare and What to Know About Living in Faro

Faro, Portugal

Allianz Care International Health Insurance

Last updated on Jul 02, 2023

Summary: Expats, digital nomads and retirees talk about what it is really like living in Faro, Portugal. They offer advice about meeting people, cost of living, finding a home and more.

What do I need to know about living in Faro?

When we asked people what advice they would give someone preparing to move to Faro, they said:

"Expats considering retirement in Faro should be aware of several key factors. Firstly, the cost of living in Faro is relatively low compared to other European cities, making it an attractive option for retirees. However, it's important to have a clear understanding of your financial situation and budget before making the move. The official language in Faro is Portuguese, so learning the basics of the language will be beneficial, although English is widely spoken in tourist areas. The healthcare system in Portugal is of a high standard, with both public and private options available. Expats are eligible for public healthcare if they are residents and contribute to the social security system. Faro has a Mediterranean climate, with hot summers and mild winters, which may be a significant change for those used to cooler climates. The city is known for its rich history, beautiful beaches, and golf courses, offering plenty of activities for retirees. Portugal has a favorable tax regime for foreign retirees, known as the Non-Habitual Resident (NHR) scheme. This allows for a tax exemption on foreign income, including pensions, for a period of ten years. However, it's recommended to seek advice from a tax consultant before moving. When it comes to housing, there are various options available, from renting an apartment to buying a villa. It's advisable to spend some time in Faro before deciding where to live, to get a feel for the different neighborhoods. Finally, it's important to understand the visa requirements for living in Portugal. Non-EU citizens will need to apply for a residence visa before they move, while EU citizens have the right to reside in Portugal, but must register their residence after three months," wrote one member in Faro.

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What do I need to know before moving to Faro?

About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.