I want to apply for a nomad visa in Spain next year. I have 1099 income and make pretty decent income. Currently I live in one of the most expensive cities in the us and just getting over the us. I travel to Europe at least twice a year and spent 6 weeks in France this summer so I love Europe. I know not all europe is the same but just giving some context. I am mexican American and speak fluent Spanish. My only concerns are taxes might be high, racism towards Latinos in Spain, and finding a nice rental. I am not really losing anything moving there I can always come back but moving international is just a bit scary.
Every single Latin American with a bit of money is moving to Madrid these days and there’s already a huge Latin community in Spain from previous migration waves. And if you come with an American salary you’ll be living large in a country where quality of living is already high even for people not making a ton of money, just go for it!