Which cities you should consider if you are a rich digital nomad for living
Valencia, Spain
Valencia has been overlooked by people and digital nomads for a long time. I don’t know why, especially since I think it’s the perfect city to live in Europe due to its reasonable cost of living and its spectacular healthcare. Even though Valencia is a bigger city, you are not going to feel like its an overwhelming metropolis. The city gives you many options on how and where to spend a day out of your flat. There is a park running on the old river basin which crosses through the entire city, a perfect city marina, and YES, there is a beach. So if you are thinking about moving to Barcelona, forget it. It is overpriced, and Barcelona is not safe anymore. Locals in Valencia are much friendlier and willing to help you anytime. If you are looking for crazy parties and a metropolitan city, you might find other cities to top your list. Valencia suits young families or people who prefer a calmer city, but still with plenty of options and opportunities. Valencia is also surrounded by picturesque nature, so you do not have to travel more than one hour to find mountains, waterfalls, and lakes.
Cost of Living for expats: $1.800
Cost of living for families: $3 500
Panama City, Panama
Panama City is the New York of Central America. The mixture of tropical paradise, skyscrapers, and the business vibe is felt everywhere. If you go out of the city area you will encounter Panama’s breathtaking nature and beaches. You can also reach Bocas del Torro, a Caribbean paradise, by plane in just an hour. The US dollar gives you at least better stability on currency price increases and inflation relative to other currencies. Properties and rentals are not expensive, depending upon what you get, of course. You do have to expect higher expenses for healthcare and education, but people from the USA consider it cheap. Panama opens its doors for businesspeople who are willing to enter the market in Latin America. It is also a perfect place for traders and online entrepreneurs. Actually, if you are a businessperson, you will love the city and see a business-friendly country without strict regulations and punishment for entrepreneurs. As a digital nomad you will appreciate the environment as the tropical weather is hardly unstable, and even the rainy season in Panama City is still acceptable.
Cost of Living for expats: $2.200
Cost of living for families: $5 200
Mexico City, Mexico
Mexico City is a huge metropolitan city with a plethora of options. People in Mexico City don’t complain about their life. They just live it. If you prefer big cities to jungle vegetation, and you still want to do some business, Mexico City is perfect. Affordable, high-quality healthcare, a low cost of living, and kind people guarantee this city to attract ex-pats to live in it permanently. It is easy to fit in. You just need to accept some rules. You shouldn’t use public transport at night, you should not go to some parts of the city, and you should not look like a rich tourist. If you accept that, you can live your dream in Mexico City.
Cost of Living for expats: $1.800
Cost of living for families: $2.800
Lisbon, Portugal
The capital of Portugal, Lisbon, is the westernmost capital of the European mainland. It is a city that hides many historical treasures and a city of rich cuisine, art, and music. Lisbon is gradually becoming a city where young people from all over Europe go to have fun and it is relatively cheap as well. Healthcare is also above-average, compared to some other major European cities. Just one thing: some new arrives say it can be hard to fit in with locals. Portuguese people may not be so open-minded and friendly as Spanish people. The level of poverty is higher whereas the cost of services and restaurants is cheaper and despite its location, you are still perfectly connected with Europe.
Cost of Living for expats: $1.500
Cost of living for families: $2 700
Canggu, Bali
Bali is the Mecca of digital nomads. People actually live there and stay there. Bali offers a healthy lifestyle, a community of creative young entrepreneurs, and a work life balance in paradise. The cost of living is lower than expected, but it can quickly go higher if you decide to buy Western food or eat in fancy, stylish, hipster restaurants. You can rent a luxury villa for less than $1 000 per month. Expats do need to keep in mind the availability of health care. If you need to be treated with something special, you have to go to Jakarta – the capital city of Indonesia. But hopefully you won’t need it because of the healthy lifestyle, high-quality food, and all the yoga and fitness lessons.
Cost of Living for expats: $1.500
Cost of living for families: $2.000
Bangkok, Thailand
Bangkok is a multicultural city with super-fast internet, inexpensive tasty food, and high-quality affordable healthcare. You also have good flight connections to other parts of Asia and the rest of the world. Bangkok is an option for those who like warm weather, a metropolitan lifestyle, and countless opportunities for enjoying its city life. The cost of living is low, you can find delicious cheap food almost everywhere, and the city’s vibe is amazing. The main disadvantage is the traffic and the air quality. (Sometimes it is a bit smoggy.) On the other hand, you live in a big city with premium healthcare for the same cost of living that you can find just on few undeveloped spots around the world.
Cost of Living for expats: $1.400
Cost of living for families: $3.000
Here is the perfect website if you want to compare more criteria, quality of life and get to know other digital nomads nomadlist.com
If you don’t know the meaning of digital nomad, check it HERE.
