costs tolive and VISIT THE AZORES

Corrency &

Cost of living in the Azores

The Azores are an archipelago of nine islands located in the middle of the Atlantic Ocean, which is part of the European Union. They are an autonomous administrative region of Portugal, known for their beautiful natural landscapes, pleasant climate, and excellent quality of life. If you're considering visiting or living in the Azores, it's important to have an idea of the cost of living in the region in 2023.

Currency

The official currency of the Azores is the Euro. Money can be exchanged at banks or ATMs. Most commercial establishments, including shops and restaurants, accept international credit cards, with the Visa and Mastercard networks being the most popular, while American Express has less acceptance. For your convenience, it's best to use the first two.

Cost of Living

Compared to other parts of Europe, the Azores have a lower cost of living. Prices vary according to the island and the time of year, but generally they are lower than in the major Portuguese and European cities. Due to compensation for the inherent cost of insularity, the Azores practice one of the lowest VAT rates in Europe, which contributes to the moderation of the cost of living.

It is natural that for those visiting the Azores, the concern about the cost of living is more related to expenses associated with accommodation, transportation, food, and leisure. The islands offer a wide range of accommodation options, from luxury hotels to guesthouses and hostels. The average cost of a hotel for two people is around 70€ to 100€, depending on the island and time of year.

Food is also quite affordable, with restaurant meal prices ranging from 10€ to 15€ per person. The price of food in supermarkets is considerably lower, so if cooking is an option for you, you can save considerably on your stay. Drinks are also more affordable than in other regions. A beer (0.33 cl) costs between 1€ and 2€ in a bar, restaurant or hotel, depending on the region and type of establishment.

Public land transport is inexpensive, with prices starting at 0.50€ on urban networks, but is not a very viable option for exploring the islands as a tourist. The routes and schedules mainly meet the needs of the local population.

The rental price of vehicles varies between 30€ to 60€ per day, depending on the type of car and time of year. The price of gasoline is around 1.5€ on average, currently undergoing monthly revisions due to the inflationary and energy crisis that the world is going through.

The price of the ferry service available for the transport of people and vehicles in the central and western group (Terceira, Faial, Pico, São Jorge, and Graciosa, Flores, and Corvo) varies between 10€ and 31€ depending on the connection.

The air connection between islands for non-residents costs between 65€ and 91€ per trip, and may undergo some fluctuation due to the choice of origin and destination islands and the time of year.

Cultural and leisure activities also have an affordable price. As a reference, a museum ticket costs an average of 4.50€, a round of golf costs 70€, and tickets to natural attractions that are not free range from 3€ to 10€.

For those planning to live in the Azores, the cost of living can vary depending on their lifestyle, the island, and the chosen area. In general terms, it is possible to live comfortably with a monthly budget between 1,100€ and 1,500€.

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