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Journey Credit Union

The Work/Travel Trend of Coliving

As the digital nomad, long-term travel, solo travel, and expat retirement lifestyles have grown in popularity, a brand-new living accommodation trend has sprouted: coliving.

One of the advantages of a coliving arrangement is the customization it provides based on what you need and want. In general, coliving can be defined as an accommodation that allows you to build a community—however short- or long-lived—and make connections with others who share the space and lifestyle with you.

You can find a coliving arrangement that gives you as much or as little personal space as you need and fits your budget: there are bunk rooms and private en suite options out there. Beyond that, coliving offers fully furnished shared kitchens, shared living areas, and shared office/computer space in which to work. For those wanting all the amenities, there are also options with rooftop pools, access to a gym, yoga classes, outdoor living space, and/or ongoing calendars of optional events, like day trips and excursions you can take with your housemates. Coliving offers more community than a long-term AirBnB might, more amenities than a bare-bones boarding house, and a more work-friendly environment than a hostel.

Coliving spaces are run by companies like Nomad House, Roam, Selina, Unsettled, Common, and many others, offering a range of locations that include Sweden, the U.S., the U.K., Spain, Peru, Costa Rica, Tokyo, and others. The earliest companies, like Common, started up in order to make longer-stay travel to expensive cities like New York City more affordable. Most companies will not only help you arrange your stay in a location that fits your needs, they’ll also split up utility bills, make sure the Wifi works, keep the shared living spaces clean, and stock the spaces with essentials.

Sound like coliving might be right for your next travel adventure? Run through these pros and cons to make sure coliving stacks up for you.

Pros

Cons