COST OF LIVING

The cost of living in Madeira varies, and this subcategory provides information on aspects such as rent, food, utilities, education and entertainment, helping visitors to assess the financial viability of living on the island.

​

1. Accommodation: Renting in Madeira depends on the location and condition of the property. In Funchal, for example, a one-bedroom apartment in the city center costs an average of €850 per month, while outside the center, the average price drops to €687.50 per month. Apartments with three bedrooms cost an average of €1,331.25 in the center and €1,178.57 outside the centre.

2. Food: Food prices vary, but on average, lunch at a budget restaurant costs around €8, while dinner for two at a mid-range restaurant costs €45. Grocery purchases also vary, with products such as milk at €0.80 per litre, fresh white bread at €1.34 per 500g and fruit and vegetables at varying prices.

3. Utilities: Utilities, such as electricity, heating, water and rubbish collection, for an 85m² apartment cost an average of €77.40 per month. High speed Internet (60 Mbps or more, unlimited data, cable/ADSL) costs around €32 per month.

4. Education: Education costs vary depending on the choice between public and private institutions. For a child of pre-school age, tuition at a private institution costs an average of €215 per month. An international primary school charges an average of €6,000 per year per child.

5. Entertainment: Prices for leisure activities and entertainment vary. A fitness club membership for an adult averages €37 per month, and a cinema ticket for an internationally released film costs €7.

​

Considering the costs mentioned above, the estimated cost of living for a family of four in Madeira is approximately €2,049 per month without rent, while for a single person, the estimated monthly costs are €576.3 without rent. It is important to note that these values are averages and may vary depending on lifestyle and personal choices.