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Cost of living for digital nomads around the world

By Benjamin Harper


If you've ever had the dream of trading in a life of abject slavery and 40-hour work weeks for one of continual travel where the world is your home, there is no time like the present to explore the lifestyle of the digital nomad. While most people will only ever see or experience the world through the television or a copy of National Geographic, location independent expats are out there in the world, using their Western salaries to enjoy a life of continual travel and adventure that sees them actually living the excitement that most people only ever watch on The Travel Channel.

The lifestyle of the digital nomad isn't anything new, persay; it's been around for a long time, and people have been living abroad for thousands of years. The kicker is that it's easier now than it's ever been before due to the globalization of the world and the advent of the Internet. Now, you can work anywhere in the world that you want to so long as you have your laptop with you, which means you can work just as easily from a beach in Cabo as you can sitting in a New York City office, and you can trade in 30 minute lunches for two hours naps with mojitos and senoritas on the beach.

One of the best parts about living as a digital nomad is how accessible it is to everyone. You don't need a million dollars to enjoy a life of continual travel and early retirement. All you need is the tenacity to trade in your life of wage slavery for one of absolute freedom. Forget spending 40 years of your life in a cubicle environment where you are working for someone else's benefit. Instead, realize that the entire world is ripe with possibilities, and by choosing to explore them through a life of continual travel you will obtain the greatest levels of freedom available.

One of the easiest comparisons to make is to look at the difference between New York City and Mexico City. While both cities offer the same number of creature comforts and modern amenities, the cost of living in Mexico City is only $10,000 a year for an upper middle-class existence. If you live in New York City, on the other hand, you can expect to pay a base line $30,000 a year for a poverty level existence and $50,000 a year if you want to enjoy the upper middle class amenities of a modern city. When you do this comparison side by side, it's easy to see why digital nomads are choosing Mexico City and countries outside of the United States.

Think about that for a minute. If your salary is around $36,000 a year, before tax, and your cost of living is $30,000 a year (on a post-tax income of $25,000 a year), you are actually going further and further into debt every year. But if you live in a place like Mexico City where the cost of living is only $10,000 a year, you are actually putting $15,000 a year back into your bank account just by utilizing the cost of living in another country while pursuing the digital nomad lifestyle.




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