Internships Advice

How Much to Budget for Living in Lisbon

So, you want to come to Lisbon for an internship. You may be wondering, ‘How much money should I budget for daily life in Lisbon?’ Well, good news! If spent wisely, your money can get you far. Daily costs are mainly inexpensive and you can dine out cheaply compared to other European destinations. Food comes at a standard price, with an average restaurant charging around €8-10 for a meal. Drinks can also vary with prices, but drinks are inexpensive with local beer costing €2. However, you may want to save up some money when wanting to visit the oceanarium ‘Oceanario de Lisboa’ as they can get a little pricey.

What is the Euro exchange rate?

For the current exchange rates, please see here. (https://www.xe.com/currency/eur-euro/)

1 GBP = 1.16

1 USD = 0.86

1 AUD = 0.64

1 CAD = 0.69

1 NZD = 0.61

**Exchange rates as of 04/11/2021

What kind of budget in Lisbon is right for me?

Your individual lifestyle is the main factor that will determine your budget. It will vary depending on what transportation you decide to take, personal dining preferences, nightlife and more.

WEEKLY/MONTHLY EXPENSES

Below, we have put together some budget estimates of your expenses in daily life during your time on your internship. In general, you can live on a low budget and still be able to live quite well. For those looking to spend a little more, there are also medium and high budget estimates. See which budget is right for you!

For transportation, most people use the metro system as it is the cheapest option. Depending on the month it can cost between €20-40.

(For food, all apartments will have kitchens, so you will have the option to cook your own meals.) Food at supermarkets are affordable, but you may find that some discount shops such as Lidl will make your money last.

Click to browse Low, Medium & High budget ranges.

For those looking to save money while still having fun and trying new things.

Expense TypeCost per weekDescription
Transport€5Metro monthly ticket (€20)
Food€50Shop at Pingo Doce/Lidl (€30); Lunch out (€10); Dinner out (€10)
Treats€20One night out with a few drinks and taxi
Extras€25Going to museums/cinema/oceanarium
Avg weekly€100
Avg monthly€400

For those who go to the gym, eat out more or spend more in other ways.

Expense TypeCost per weekDescription
Transport€8Metro monthly ticket (€30)
Food€65Mix of shopping at Lidl and market shopping (€35); Lunch out (€15); Dinner out (€15)
Treats€25Couple nights out with drinks and taxi
Extras€32Going to museums/cinema/gym
Avg weekly€130
Avg monthly€520

For those who would like to spend more on cocktail bars, taxis or shopping. 

Expense TypeCost per weekDescription
Transport€10Metro monthly ticket (€40) 
Food€80Organic market shopping (€40); Lunch out (€15); Dinner out (€20)
Treats€40Nights out at classy clubs with drinks and taxi/clothes shopping
Extras€35Going to museums/cinema/gym/individual travel
Avg weekly€165
Travel€150Going on a weekend trip
Avg monthly€810

As you can see, you don’t need too much money to enjoy life in Lisbon. Be careful when you have a craving to buy a Starbucks coffee or give into temptation of using cheap Ubers to get to work instead of taking a tram. Not everything is cheaper in Portugal, and all the little costs can quite quickly add up. So it’s important to find the right budget for you.

For international payments, we always recommend using TransferWise. They’re cheaper than the banks, because they always use the real exchange rate – which you can check out on Google – and charge a very small fee. They’re also safe and trusted by over 2 million people around the world. You can sign up here. (https://wise.com/?clickref=1011lijaZwQY&partnerID=1100l59541&utm_medium=affiliate&utm_campaign=0&adref=&utm_source=pagodaprojects&partnerizecampaignID=1011l727)

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