Digital Wanderer's Existence: Unveiling the Specifics of the Lifestyle [Visual Guide]
In the modern digital age, a new lifestyle trend has emerged, one that allows individuals to work and live freely, often in exotic locations around the world. This trend is known as digital nomadism, a term first coined in 1995 by Tsugio Makimoto and David Manners.
Digital nomads are those who work and earn their living entirely from online jobs, without the need for a physical office. They can be found working in various locations, such as coffee shops, libraries, co-working spaces, or even RVs. The trend really took off in the mid-2010s due to advancements in technology and internet infrastructure, enabling remote work to become a viable option for many.
The Covid-19 pandemic further propelled the digital nomad movement, as workplaces allowed employees to work remotely to isolate and lockdown. This trend has continued even after offices have reopened, with some employees choosing to adopt the digital nomad lifestyle permanently.
The number of digital nomads is on the rise, with an estimated 35 million in 2023 and expected to grow exponentially. These nomads can be found in cities that offer a good balance between quality of life and cost of living, such as Thailand, Portugal, Spain, and Argentina, but also in cities closer to home, like Vancouver, Toronto, and Montreal in Canada, Barcelona in Spain, and several locations in the Philippines.
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In terms of income, 34% of digital nomads make at least $50k-100k per year, and another 36% earn $100k-$250k. Interestingly, men are more likely to be digital nomads than women, with a split of 58% vs 41%.
The digital nomad movement has been experiencing slow but steady growth until 2020, when it saw a significant surge due to the pandemic. As the world continues to adapt to the new normal, the digital nomad lifestyle is likely to become even more popular, offering a unique blend of work and travel for those seeking a change of pace.
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