Considering moving abroad? Check out these 7 affordable destinations for digital nomads
Being a digital nomad offers numerous advantages, especially the benefit of making your salary stretch further than it does in the U.S.
With more than 50 countries offering digital nomad visas, American remote workers can choose to live in locations where the strong dollar and affordable living costs enhance their quality of life compared to their home country.
This practice of enjoying a higher expat income in a lower-cost country is called geo-arbitrage. It’s one of the reasons over 21 million Americans plan to become digital nomads in the coming years, as highlighted in a recent survey by MBO Partners.
“It’s liberating to have extra income for travel, experiences, and saving while immersing yourself in a vibrant, diverse culture,” remarked Michelle Garabito, a digital nomad and founder of Luxe Nomads, a consulting service for overseas relocations. “For remote employees, this lifestyle perfectly blends personal and professional development.”
Here are some countries that provide digital nomad visas along with affordable living options.
Croatia
With its digital nomad visa, Croatia permits stays for up to a year without income tax. The country’s stunning coastlines, numerous islands, and rich historical sites make it an attractive option for budget-conscious travelers. The estimated monthly expenses for a single person in Croatia are around $785.60, which is 32.9% lower than the average in the U.S. as of Thursday.
Thailand
From relaxing Thai massages and tasty street food to breathtaking natural scenery, Thailand is a fantastic choice for digital nomads. The country’s digital nomad visa allows multiple entries for stays of up to 180 days over five years. Living expenses in Thailand are approximately 126% lower than in the U.S., as of Thursday.
Cabo Verde
Cabo Verde, a group of 10 islands off West Africa, is perfect for digital nomads craving sunny weather and stunning beaches. The nation offers a Remote Work in Paradise program, allowing residents to stay for six months with the possibility of renewal, alongside a low cost of living averaging around $689 monthly, according to travel insurance service InsureMyTrip.
Belize
Belize invites digital nomads to explore countless adventure opportunities, from waterfall hikes to exquisite scuba diving, through its six-month Work Where You Vacation program. The cost of living here is also reasonable, estimated at about $712 per month, as stated by InsureMyTrip.
Brazil
Brazil has become rapidly popular among digital nomads.
Portugal
Portugal is gaining traction among digital nomads and retirees seeking a coastal haven at a more affordable cost. Living expenses in Porto are approximately $1,500 monthly, while in Lisbon, it can rise to about $2,000, according to Garabito.
Romania
Romania is a hidden gem that offers a digital nomad visa with remarkably low living costs—around $1,200 in Bucharest, and even less in smaller towns, as noted by Garabito. With its unique blend of history and budget-friendly options, Romania provides an opportunity to explore its medieval structures and enchanting landscapes such as those in the legendary Transylvania.
