During the past decade, I've learned to love travel. The old J.D. was too timid to explore the world. He was afraid of everything — flight delays! terrorists! foreign languages! weird food! — and so stayed home and dreamed of exploring the world instead of actually doing it.
Since 2007, however, I've visited forty-two states and twenty different countries (many more than once). I've camped high in the mountains of Bolivia, ridden a scooter through rural Turkey, and eaten fried grubs in Zimbabwe. I've been to Cape Horn off of southern Chile and the Cape of Good Hope off the tip of South Africa. I've strolled through glaciers in Alaska, climbed mountains in Peru, and snorkeled in the Galapagos.
I've spent ten years making up for the time I sat on the sidelines doing nothing. And I've only barely scratched the surface of what this amazing planet has to offer. It'd take several lifetimes to see it all.
The more I see, the more I wonder what it'd be like to live somewhere else.
“What if we moved to Ecuador?” I asked Kim after last year's chautauqua. “What if we lived there permanently?” (Kim's open to the idea, but not until she reaches financial independence herself.)
“What if we moved to Spain?” I've been asking myself as we prep for our vacation there in September. “What if we moved to Italy? Morocco? Or maybe to Thailand like Tess?”
I know a lot of early retirees do pack up and move around the globe. That's one of the primary premises of Paul Terhorst's Cashing In on the American Dream, the first big book about financial independence. And it's what lots of modern early retirees do, from the Mad Fientist to Go Curry Cracker. But what would it be like for me? And how much would it cost?
That last question is a big one. Comparing costs has always been a barrier when evaluating choices like this. Until now. Now a Money Boss reader named Robert — who writes about money and travel at The Frugal Vagabond — has whipped up a handy little web app called The Earth Awaits. I love it! It finally demystifies the finances of living abroad.
The Earth Awaits
The Earth Awaits is an online tool designed to help folks like me (and you?) find cities and countries to live in long-term. Based on parameters you feed the app, it provides locations with costs-of-living that meet your requirements.
Let's say, for instance, that I have a budget of $4800 per month (which is how much I actually spent in January 2017). I want to find a two-bedroom apartment in the city center where Kim and I can enjoy a modest lifestyle with low crime and only moderate pollution. And I don't want to live in North America.
Based on these parameters, The Earth Awaits says there are 176 places I could afford to live. That's a lot!
Fortunately, I can further refine resultes, either by changing the initial parameters or by applying advanced filters, such as temperature range, primary language, health care, racial discrimination, quality of life, and “freedom score”. Or I can simply choose to sort the entire list of 176 possible homes by categories like population, budget, and internet .
So, if I apply filters based on my liberal Portland sensibilities — high freedom score, accepting of homosexuality, low racial discrimination — and opt for Spanish as the primary language, I can reduce the list from 176 possible cities to only nine — all of them in Spain. In fact, one of the choices is Zaragoza, where I already have a friend (the woman I tutored in English during 2012).
From the results page, I can get a detailed view for any of the suggested cities. The detailed view shows all of the data that Robert has collected for the location, including traffic levels, walkability, climate info, and a detailed budget breakdown. (You can even export the budget info in CSV format so that you play with things in a customized spreadsheet of your own creation!)
The Bottom Line
The Earth Awaits offers lots of functionality for free — even if you don't register for an account. If you do create a free account, you can subscribe to changes in city budgets, track price changes for individual items, and save cities for later research. And if you sign up for the paid version, you get lots more (such as historical pricing data).
The Earth Awaits is a terrific tool. It contains tons of great info, from data on women's rights and legal marijuana, to perceived corruption and potential travel problems. But the tool isn't perfect. A lot of the information is vague and/or opaque. The “traffic index”, for instance, says that it indicates traffic inefficiency versus New York City. But what exactly does that mean? I have no idea. Zaragoza has a traffic index of 43.27. Is that good? Bad? Mediocre? And what the hell is the “freedom score”?
Really, though, these are minor quibbles — and they're easy things to fix. If you have any curiosity about living abroad, you need to bookmark this website.
Note: The Earth Awaits offers more than just cost-of-living comparisons. It also provides what it calls “the internet's first travel hacking search engine”. That might be a bold claim — AwardHacker has been around a bit, hasn't it? — but it's still a nice feature. Want to figure out how to use your airmiles to get from her to there? This tool can help.
Author: J.D. Roth
In 2006, J.D. founded Get Rich Slowly to document his quest to get out of debt. Over time, he learned how to save and how to invest. Today, he's managed to reach early retirement! He wants to help you master your money — and your life. No scams. No gimmicks. Just smart money advice to help you reach your goals.