His rent in San Francisco was $5,000. Now he's a homeowner in Singapore — and he's ready to give up his US passport.

Nick Burns left the US due to rising living costs. He moved to Singapore and doesn't want to move back. Amadna Goh/Business Insider Nick Burns traded San Francisco for Singapore, driven by high living costs and safety concerns. While he earns less than he used to, his overall tax burden has decreased, and he's now a homeowner. He applied for Singapore citizenship in December and is ready to renounce his US passport if approved. Nick Burns was making six figures in the US and still finding i...