While living abroad as a digital nomad comes with many perks, a big one is feeling like your paycheck goes further than it does back home in the U.S. With digital nomad visas available in over 50 countries, American remote workers can live in a place where a strong dollar and lower living costs give them a higher quality of life than they could afford back home.
This idea of living off a higher expat income in a low-cost country is a financial strategy known as geo-arbitrage, and it's one of the reasons why over 21 million Americans said they plan on becoming a digital nomad in the next few years, according to a recent survey by MBO Partners . "It’s empowering to have more disposable income for travel, experiences and savings, all while enjoying a rich, diverse cultural landscape," said Michelle Garabito, a digital nomad and founder of the Luxe Nomads, which offers consulting services on making an overseas move. "For remote workers, in particular, this lifestyle offers the perfect balance of personal and professional growth.
" Here are some countries that offer digital nomad visas and a low cost of living. Enjoy your worry-free vacation: Best travel insurance policies 'I want to take care of me': Why more American women are moving abroad for a better life How to move to a different country: What to know before swapping citizenships Croatia Croatia's digital nomad visa allows for stays up to a year, exempt from income tax. When combined with its endless coastlines, islands, a.
