The cost of living is of major importance to you and your family in looking at whether you will be better off in Expatland. The cost of living in different parts of Expatland varies widely and is affected by many factors beyond your control. Just one of these, for example, is, say, the effect of tax rises in Expatland.
Those countries in Expatland that may have higher national debt as a percentage of GDP might seek to raise taxes shortly after your arrival. This tax rise – whether indirect or direct – may affect your cost of living in a very short period of time.
It is therefore important for you to prepare a budget. Our E-Team members, XE have written a guide on ensuring you are well equipped to deal with your move financially. It is an essential read and will assist any expat with moving to their new home.