Bright Horizons: Navigating Tourism's Growth Revival
Sri Lanka tops list of affordable destinations for Digital Nomads
Cost of living (rent, food,
transport and utility bills) per
month
Rank
Countries
GBP
USD
Sri Lanka
£491.00
$624.00
2
Argentina
£573.00
$728.00
3
Colombia & North Macedonia
£578.00
$734.00
4
Indonesia
£591.00
$751.00
5
Malaysia
£649.00
$824.00
6
Brazil
£677.00
$860.00
7
Ecuador
£694.00
$882.00
8
South Africa
£738.00
$937.00
9
Cabo/Cape Verde
£746.00
$948.00
10
Albania
£747.00
$948.00
11
Thailand
£755.00
12
Romania
£765.00
$959.00
$972.00
A Digital nomad visa is a temporary residence permit that allows remote
workers and freelancers to live and work in a foreign country for an
extended period while conducting their work online.
The availability of digital nomad visas in numerous countries worldwide,
along with the substantial remote workforce, including over 5Mn Brits
and 16Mn Americans, offers an invaluable opportunity for flexible and
location-independent work.
Among the 50 countries offering digital nomad visas, Sri Lanka stands
out as the best value for money, boasting an average monthly cost of
living at USD 624.0. This represents a 14% savings in disposable income
compared to the second most affordable country on the list.
First Capital
A Janashakthi Group Company
The USA is one of the expensive
countries for day-to-day living, with
costs exceeding USD 2,000 per
month. Their healthcare system is
notably the most expensive, with
citizens spending over 40% more per
person compared to other countries.
The UK is ranked 16th among the
most expensive countries to live in,
with an average cost of living
exceeding USD 1,800. In 2022,
households in the UK experienced
significant increases in fuel and
energy bills, along with soaring prices
in grocery stores.
Source: Flamingo
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