- USD is always high, so currency conversion is very favorable. I literally earned 4x more than an engineer at the same position in a local big company.
- My spending was in local currency, so utilities and most of everything is very low priced compared to what I earned.
- Taxation in many LATAM countries is about 15% or less, depending on how you incorporate yourself.
- Health is much cheaper than of the US at a similar quality. I could have a major heart surgery for less than 10k USD with world renowned doctors.
- Migrating is never easy, cultural barriers, lack of family support and bureaucracy can add a huge amount of stress.
edit: some minor grammar mistakes
The US has many parts where crime is much worse, such as Baltimore, Detroit or some parts of Chicago.
Source: living for 10 years in LATAM