Digital Nomad Budget Calculator
Plan your global lifestyle with our comprehensive budget and location planner. Adjust preferences, compare destinations, and get tailored recommendations.
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Frequently Asked Questions
How much money do you need to be a digital nomad?
The cost varies by location. Typically, budgets range from $1,000 to $3,000 per month. For instance, Chiang Mai might cost $1,000-$1,500/month, while Lisbon averages around $2,000-$3,000/month. Major expenses: Accommodation (~40%), Food (~20%), Insurance (~5%), Coworking (~10%), Transportation (~10%).
What's the best insurance for digital nomads?
SafetyWing ($42/month) is popular for continuous coverage tailored to nomads. World Nomads offers comprehensive travel insurance, including adventure activities. Choose based on your activity level and coverage needs.
How do digital nomads handle banking?
Many use multi-currency accounts like Wise or Revolut for competitive exchange rates and local bank details. Pair these with credit cards that have no foreign transaction fees for efficient global spending.
What's a good emergency fund?
Aim for 3-6 months of expenses plus an emergency flight home and a buffer. If expenses are $2,000/month, consider $12,000 plus $1,000-$2,000 for flights and unexpected costs, totaling around $13,000-$15,000.
Which cities have the best internet?
Seoul, Singapore, Lisbon, Taipei, and Bangkok are known for reliable high-speed internet. Always verify coworking space speeds and backup options before traveling.