If you're a digital nomad hailing from a Western country, where the cost of living crisis is raging on, and you see your purchasing power decreasing by the day, Latin America is likely to be at the top of your travel wishlist in the near future.

Not only does it offer a warmer climate and a vibrant, welcoming culture, but it is remarkably cheaper to live in, with U.S. and Canadian dollars, as well as the euro and the British pound stretching a lot further in the Global South than they do in their home countries.