Digital Nomad Life

In order to obtain a visa to live in another country (without having a job and work visa), you need to demonstrate suffiencient income to suppor yourself and potentially your family. This means you need to show anywhere from $800 to $5,000 per month in passive income. 

This income can come from:

• rental income

• retirement income (e.g. social security check, disability check, etc.)

  • The average Social Security Retirement check is $1,976.

• business income

• digital work income

• dividend income (ex. stocks and ETFs)

• etc.

These are the 13 most affordable countries with the lowest income requirements, according to Marketwatch.com.

Require Up to $1,000 a month in Passive Income

• Cambodia

  • Asia

  • No specific Income requirement to obtain a resident visa. 

  • Monthly Budget for Cost of Living: $1,200 to $1,500 per month

• Chile

  • South America

  • Minimum monthly income requirement: $550

  • Monthly Budget for Cost of Living: $1,500

• Bulgaria

  • Eastern Europe

  • Minimum monthly income requirement: $500 for Type D Visa

  • Monthly Budget for Cost of Living: $1,500 to $1,800

• Philippines

  • Southeast Asia - but English is the officfial language

  • Minimum monthly income requirement: $800 plus $10,000 deposited in a local bank for Special Resident's Retirement Visa

  • Monthly Budget for Cost of Living: $1,500

• Portugal

  • Europe

  • Minimum monthly income requirement: $920 for the Passive Income Visa (D7)

  • Monthly Budget for Cost of Living: $1,500 to $1800

• Colombia

  • South America

  • Minimum monthly income requirement: $969 for the M-11 Visa

  • Monthly Budget for Cost of Living: $1,500

• Costa Rica

  • Central America

  • Minimum monthly income requirement: $1000

  • Monthly Budget for Cost of Living: $1,600 to $2,000

• Panama

  • Central America

  • Minimum monthly income requirement: $1000

  • Monthly Budget for Cost of Living: $2,000 to $2,500

• Peru

  • South America

  • Minimum monthly income requirement: $1000

  • Monthly Budget for Cost of Living: $1,800

Requires $1,001 to $2,000 a month in Passive Income

• Argentina

  • South America

  • Minimum monthly income requirement: $1,350

  • Monthly Budget for Cost of Living: $1,300 to $1,500

• Ecuador

  • South America

  • Minimum monthly income requirement: $1,380

  • Monthly Budget for Cost of Living: $1,800 to $2,000

• France

  • Europe

  • Minimum monthly income requirement: $1,450 for Long Stay Visitor Visa (VLS-TS)

  • Monthly Budget for Cost of Living: $2,000 to $2,500

• Thailand

  • Southeast Asia

  • Minimum monthly income requirement: $1,900 for O-A Long Stay Visa

  • Monthly Budget for Cost of Living: $1,000 to $1,600

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Other Countries

• Mexico

  • $4,200 per month for temporary residency

  • $7,000 per month for permant residency