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Where do you think is the most affordable place to move abroad? This tool will tell you.
One of the greatest joys of traveling is going to unfamiliar places and finding joy enough to consider moving there. But the mere thought of moving to another country can quickly become daunting.
So William Russell’s team at Foreign Insurance Company has come up with a fun way to take that important first step with a transfer calculator. A simple tool allows both Americans and Britishers to know his average monthly cost of living in over 30 countries.
“Whether you plan to move abroad for three months or 30 years, there are many factors that determine your experience of living in a foreign country,” explains William Russell on the site. “Proper preparation, such as learning at least part of the language and doing thorough research on the best places to live, is a surefire way to make the most of your time abroad, but the cost of living, personal finances, etc. The more mundane factors of should never be ignored.”
Distance was a big factor in cost. According to the Immigration Calculator, Canada is the most affordable country for U.S. expats to immigrate, followed by Mexico. , the Netherlands and Luxembourg.
The company looks at Organization for Economic Co-operation and Development (OECD) member countries, using data from Numbeo for monthly cost of living based on rent for a one-bedroom apartment in the city center, and OECD data for average wages. That number includes travel costs based on three 25-kilogram (about £55.1) packages from MyUS.com and from Skyscanner departing from his JFK in New York City or Los Angeles International Airport (or London), whichever is cheaper. Added airfare. UK rate is Heathrow), as of 9 January.
That said, it’s important to note that these numbers should be used for comparison and not actual total costs. This is because other factors and associated costs are not taken into account. Read below for more information. travel + leisure An overseas migration preparation guide.
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