Digital Nomads Azores: How to Budget for Living in the Azores

Living in the Azores as a digital nomad offers a unique blend of tranquility, adventure, and affordability. Here’s a detailed guide on how to budget for your stay, covering key expenses and tips for digital nomads on managing finances.

1. Accommodation

Accommodation Azores will likely be your biggest expense. The cost varies depending on the island and type of lodging.

• Renting an Apartment: €500 – €1500 per month. This gap is significant because it depends on the size of the house/apartment and on the means through which you booked it. Our properties are more expensive than average but provide extras such as a free coworking space and other discounts/services.
• Shared Accommodation: €250 – €500 per month for a room in a shared apartment.
• Short-term Rentals (Airbnb): €40 – €100 per night, with discounts for longer stays.

Tips for Digital Nomads:

• Off-Peak Season: Prices drop significantly outside the peak tourist season (June to August).
• Long-term Rentals Azores: Negotiate for long-term rentals to get better rates.

2. Utilities

Utilities are usually not included in rent and can add up.

• Electricity, Heating, Cooling: €50 – €100 per month.
• Water: €20 – €30 per month.
• Internet: €30 – €50 per month for high-speed internet.

Tip: Check if utilities are included in your rent, especially in furnished or serviced apartments.

3. Food and Groceries

The cost of food can vary depending on your lifestyle.

• Groceries: €150 – €300 per month. Local markets are more affordable for fresh produce.

Eating Out:

• Local Restaurants: €15 – €20 per meal.
• Mid-range Restaurants: €20 – €40 per meal.
• Cafes: €3 – €5 for coffee and a snack.

Tip: Cook at home often and buy local products to save money.

4. Transportation

Transport costs are relatively low on the islands.

• Public Transport: €30 – €50 per month. Buses are the main public transport, available on larger islands like São Miguel.
• Car Rental: €20 – €50 per day. Monthly rentals can be negotiated for better rates.
• Biking/Walking: Many places are walkable or bike-friendly, reducing transportation costs.

Tip: If you’re not staying in São Miguel or Terceira island, you’ll definitely need a rental car to explore better and move around, considering the long distances between municipalities. In Pico island, you can rent electric cars with eMove!

5. Healthcare

Healthcare in Portugal is of high quality and affordable.

• Health Insurance: €50 – €100 per month for international health insurance.
• Local Clinics: €50 – €80 per visit for basic consultations.

Tip: Ensure your health insurance covers the Azores specifically and check for any local healthcare plans available to residents.

6. Coworking Spaces

If you need a dedicated workspace, there are several coworking options.

• Coworking Spaces for digital nomads: €100 – €200 per month.
• Day Pass: €10 – €20 per day.

Tip: Some accommodations include workspaces or offer discounts on local coworking spaces. If you decide to stay in Pico Island and book accommodation through us, Nomads, you’ll have a free coworking space too!

7. Leisure and Activities

Budget for leisure activities to enjoy your time in the Azores.

• Outdoor Activities (hiking, swimming): Free or minimal cost.
• Whale Watching Tours: €50 – €100 per tour.
• Diving/Snorkeling: €40 – €200 per session.
• Cultural Activities: €10 – €20 per event.

Tip: Take advantage of the numerous free outdoor activities available on the islands.

8. Miscellaneous

Other expenses to consider include:

• Mobile Phone Plan: €10 – €20 per month for a basic plan with data.
• Personal Care: €20 – €50 per month.

Sample Monthly Budget for a Digital Nomad in the Azores

Tips for Budgeting

1. Track Your Expenses: Use apps like Mint or YNAB to keep track of your spending and adjust your budget as needed.
2. Negotiate Rates: For long-term stays, negotiate rental rates and other recurring costs.
3. Use Local Services: Opt for local products and services to save money and immerse yourself in the culture.
4. Seasonal Considerations: Be aware of peak tourist seasons when prices can be higher, and plan accordingly.

Living in the Azores as a digital nomad can be both affordable and enriching. By carefully planning your budget and taking advantage of local resources and off-peak rates, you can enjoy a high quality of life while experiencing the unique beauty and culture of the islands. The Azores cost of living is generally lower than on the mainland, making it an attractive option for digital nomads. By becoming part of the digital nomad community, you can network, collaborate, and support each other while enjoying accommodation in Azores.