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Cost of Living in Lisbon

Is it better to rent or buy in Lisbon? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$119,250
$2,040/mo

Median in area: $2,040

$332,700

Median in area: $332,700

$66,540

If you Rent

🔑
$2,299 /mo
Base Rent$2,040
Est. Utilities$259
% of Income23.1%
Pre-tax Residual$7,639

If you Buy

🏠
$2,717 /mo
P&I (6.894%)$1,752
Taxes & Ins$706
Est. Utilities$259
% of Income27.3%
Pre-tax Residual$7,221

Cost of Living FAQs

Is it cheaper to rent or buy in Lisbon?›

Based on median housing data, renting is currently more affordable on a monthly basis in Lisbon. The estimated all-in monthly cost for renting is $2,299, while owning a median-priced home with a 20% down payment is roughly $2,717 per month (a difference of $418).

How much do utilities cost in Lisbon?›

The average monthly utility cost (electricity and natural gas) for a typical home in Lisbon is approximately $259. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Lisbon?›

To comfortably afford the median rent and utilities in Lisbon without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $91,960 per year.