The Wealth Atlas2027 edition
The cost of living well in Lisbon.
£93ka year
Index 29London = 100 · the family home and two children at school; staff, dining, golf and a berth are priced line by line below
The year, line by line
A full year in Lisbon: £137k.
Our verdict. Lisbon suits a family that wants a European capital at little more than a quarter of London's cost, with a boat at Cascais. The Carlucci American International School charges €23,532 for the senior grades, a 360-day berth at Marina de Cascais €23,130, and the Lisbon Sports Club €3,000 to join. The drawback is tax. The old NHR regime closed to newcomers in 2024, and its successor, IFICI, gives a 20% flat rate only on qualifying income, against a 48% top rate. Against Marbella, a prime home costs more per square metre: about €13,500 in Príncipe Real, against €8,336 asked on the Golden Mile.
- A prime family home, rented2026£54k
€64,080 a year · Average asking rent from idealista listings, Estrela parish (includes Lapa): €26.7 per m² a month x 200 m² x 12
idealista, Evolução do preço das casas em arrendamento, Lisboa (freguesia table), September 2026
- Senior school fees, two children2026-27£40k
€23,532 a year a child · Carlucci American International School of Lisbon (CAISL), Grades 9-12 annual tuition 2026-27
CAISL, Tuition and Fees 2026-2027, 2026-27 academic year
- Membership at a leading golf club2026£1,248
€1,485 a year in subscriptions · joining €3,000 · Lisbon Sports Club: individual admission fee 3,000 + Gold membership annual fee (man over 46) 1,485
Lisbon Sports Club, Prices of annuities, admission fees and services 2026, 2026
- A berth for a 20 m yacht2026£19k
€23,130 a year · Marina de Cascais, non-resident 360-day berth, class VIA (18.01-20.00 m, 6.0 m beam), incl. maintenance fees and 23% VAT (ex-VAT 18,805)
Marcascais (Marina de Cascais), Estacionamento Amarrações tabela de preços, Tariff in force from 1 Jan 2026
- A full-time housekeeper or nanny2026£11k
€12,880 a year · Portugal national minimum wage 2026 EUR 920/month x 14 statutory payments (incl. holiday and Christmas pay); domestic workers are covered
PORDATA (sources DGERT/MTSSS), Salário mínimo nacional, 2026 (updated 2026-01-05)
- Tasting menu for two, twice a month2026£12k
€590 a dinner · Belcanto (José Avillez) Belcanto Tasting Menu EUR 295 pp x2, food only
Belcanto, menu PDF, October 2026 menu
Figures are published prices, fees and surveys as dated, converted to pounds at the stated rates. They change, vary by home, school year and membership, and are a guide, not a quote. Nothing here is financial, tax or legal advice.
- Prime homes to buy
- £11k / m²
- Millionaires in Portugal
- 181,000
- Top income tax rate
- 48%
€13,500 per m² · Knight Frank prime price per sqm, Príncipe Real, 2026 (Lisbon city prime range 9,000 Historic quarter to 15,000 Avenida da Liberdade)
Knight Frank, Lisbon Residential Market Insight 2026, 2026 (report published Apr 2026)End-2025 count
UBS Global Wealth Report 2026, end-2025, published June 2026Residents taxed on worldwide income. NHR closed to new entrants from 1 Jan 2024; its replacement IFICI gives a 20% flat rate on qualifying income and generally exempts foreign-source income (except pensions and blacklisted-jurisdiction income) for 10 years.
PwC Worldwide Tax Summaries, Portugal - Individual - Taxes on personal income / Other tax credits and incentives (last reviewed 3 Oct 2026), 2026Compare
Lisbon against the Atlas.
- London£322k+245%
- Monaco£313k+235%
- Dubai£307k+229%
- New York£255k+173%
- Hong Kong£208k+123%
- Miami£176k+89%
- Los Angeles£174k+86%
- Milan£171k+83%
- Paris£160k+72%
- Geneva£152k+63%
- Singapore£147k+58%
- Abu Dhabi£145k+56%
- Amsterdam£120k+29%
- Bangkok£112k+20%
- Riyadh£108k+16%
- Munich£104k+12%
- Manchester£95k+2%
- Doha£89k−5%
- Muscat£80k−15%
- Marbella£78k−17%
- Phuket£70k−25%
- Jeddah£68k−27%
- Kuala Lumpur£59k−37%
- Manama£36k−61%
- Kuwait City£25k−73%
Pounds at ECB reference rates (Gulf currencies at their dollar pegs) rates of 2026-10-20.