Ever since the pandemic outbreak, the concept of work-from-home (which ultimately turned to working from your favourite destination) has taken off, and travellers are exploring exotic locales while doing their 9-5. If you’re one such digital nomad, we have some news. According to a recent study, Sri Lanka is the most wallet-friendly country to stay at.
The research has been conducted by Flamingo App and uses markers such as the average cost of living (including rent, food, transport and utility bills) against the average full-time salary in the UK and the US, which is at GBP 2,773 (INR 2,86,831) and USD 5,158 (INR 5,33,528) per month respectively. The rankings have been collated in the form of their Digital Nomad Rich List which grades more than 50 countries that offer a digital nomad visa.
According to their research, Sri Lanka offers the best value for money, followed by Argentina, Colombia & North Macedonia, Indonesia and Malaysia.
The most affordable countries for a digital nomad
These are the top 20 countries you should head to if you want to save a few bucks while spending time at exotic locations:
- Sri Lanka
- Colombia & North Macedonia
- South Africa
- Cabo/Cape Verde
The report states that both the US and the UK do not offer digital nomad visas but if they did, the US would be the third most expensive country in the world for remote workers. The UK would rank eighth. Based on the current list, Bermuda is the most expensive place for digital nomads, coming in at the 51st spot. It is preceded by the Cayman Islands at No 50, Iceland at No 49, The Bahamas at No 48, Norway at No 47 and the UAE at 46th place.
Find out more about the research here.
All currency conversions were done at the time of writing
Hero and Featured Image credit: Michael Hacker/Unsplash