Unlike other European countries, Portugal still offers retirees excellent value for money. There are some great places to live in this country, all of which have their own attractions. For the active retiree, there is plenty to do: biking, sailing, diving, swimming, gardening, and fishing. Wine and food are very affordable. Fish is fresh and in great variety. As you can see, there are plenty of reasons to live in this country.
cascais Sunset dinner cruise

Here are top five most affordable cities to retire in Portugal:

Chaves

This city is famous for its spas, which are said to cure many ailments. It also boasts magnificent cathedrals and monuments dating back to Roman times. Agriculture is the main source of income. The town is built upon a long military history, featuring two medieval fortifications, a Roman bridge, medieval churches, and several castles. The cost of living here is relatively affordable. In the summer, small hotels are full of seniors taking treatment in the spas.

Porto

Porto maintains a laid-back feel, which allows you to forget that you are in a cosmopolitan city. The country's second-largest city is considered to be a centre of culture and entertainment. Its history dates back to the fourth century. Porto has concert halls and museums of a rare beauty and elegance, including the Museum of Contemporary Art of the Serralves Foundation and São João National Theatre.

Faro

Faro is one of the cheapest seaside places in the Algarve. The city has a marina, a seaport, an international airport, and a public university. It is located next to the Ria Formosa lagoon and features numerous monuments of great historical value. Seniors who are planning to move to this city can explore the beaches, play golf, and visit historic attractions. Faro boasts cultural tours, festivals, and annual events.

Portimao

Another popular destination for retirees is Portimao. This Portuguese town is known for its sporting events. Here you can attend surfing competitions, beach soccer tournaments, and sailing events. The city features a unique mix of late 19th, early 20th century buildings. There are plenty of things to do, from dolphin watching trips and boat trips to gold courses and gastronomy tours.

Cascais

A plenitude of resorts, beaches, and gold makes Cascais one of the best destinations in Portugal. Seniors who live here can play golf 12 months a year, visit museums and art galleries, go to an English-language theater, and attend music festivals. The cost of living is extremely affordable; a comfortable life can be had on less than $20,000 a year.