A big thanks to Steve and Sacha for publishing this article. Their site is an inspiration for anyone wanting to leave their job for a life of freedom and travel, and they offer many great anecdotes and tips and tricks to help you on the way. After reading this, be sure to check out their post on the best websites for planning your trip.
There seem to be endless articles cropping up recently about the realities of life as a digital nomad. They address the raised stress levels, uncertainty and potential disasters of this sort of lifestyle, but they barely ever point out that, despite the challenges, it’s easily doable—no matter who you are.
Sure, there are some downfalls of life on the road, but every choice you make will always have its drawbacks. In reality, there are many reasons why choosing to quit your 9-5, pack up and travel the world, is much easier than you’d first imagine.
Being a digital nomad, working where ever you want and not being tied down to the same desk in the same office from 9-5 is the dream. Cost of living is a heavy consideration for digital nomads as well as other factors such as connectivity, lifestyle, and safety of a country.
We’ve put together a chart showing cost of living by country to show you where the cheap countries are to be a digital nomad.
Cost of Living by Country for Digital Nomads: Consumer Price Index Plus Rent Index
Click for full size
What does the consumer price plus rent index mean?
Unlike many other cost of living indexes, this data collected by Numbeo includes rent as a factor, a major cost for digital nomads.
Money is a major factor that prevents people from travelling, but it is possible to save money for travel with a few tweaks to daily life. Many travel bloggers and long-term travellers claim to be able to travel on $30 or £20 a day, even on this shoestring travel budget that works out at £7,300 for a year long trip. That sounds like a lot, and it is, and you may even want to budget more. We’ll share our budget estimates and actual spend soon, but right now we’ll share how we’ve been saving money for our big trip.
Going out is fun but expensive, especially if you live in a big European city. There’s pretty much a pub on every other street in London and with pints now costing over £4 it has become an expensive hobby. I used to pop in after work every day and go out for a big night every other weekend. A conservative estimate puts that at £100 a week on just drinking and I’m a small guy! I don’t not go out anymore but cutting this back and inviting friends around to your home can have a dramatic effect on your wallet.
Eating out isn’t cheap either, with many mediocre chain restaurants and pubs charging at least £15 a head for food plus drinks and service usually means around £30 a head.