One in five digital nomads make more than $100K per year working remotely

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The rise of the digital nomad—professionals who work fully-remote jobs and transfer places often—has opened up new alternatives for individuals in search of work outdoors of conventional company infrastructure. Whereas these staff are usually stereotyped as millennials or Gen Zers incomes low salaries, that is really false, in keeping with a brand new report from FlexJobs.

The report surveyed greater than 500 digital nomads, and located the typical digital nomad is definitely a married feminine Gen Xer with a bachelor’s diploma or larger, who’s an skilled worker working for a corporation not less than 40 hours per week within the writing, schooling and coaching, or administrative profession fields. This particular person has medical insurance and saves for retirement.

“There are a selection of misconceptions about digital nomads, comparable to that solely younger millennials going by a part have an interest within the life-style, that they are freelancers that do not earn an honest residing, or they can not develop an excellent profession whereas touring, none of which is validated by this knowledge,” Sara Sutton, founder and CEO of FlexJobs, mentioned in a weblog publish. “Training nomads could be discovered throughout demographics and profession fields, and so they’re hard-working professionals who for a wide range of causes like work-life stability, poor native job market, or a ardour for journey, are dedicated to incomes a residing in a nonconventional manner.”

SEE: Telecommuting coverage (Tech Professional Analysis)

Digital nomads may command a excessive wage, the report discovered: 18% of those professionals reported making greater than $100,000 per yr, whereas 22% make between $50,000 and $99,999. In the meantime, the typical US employee earns roughly $46,600 per yr. Some 38% of respondents mentioned they really feel much less financially careworn as a digital nomad, whereas 34% mentioned they expertise no distinction in stress from once they labored a conventional job, in keeping with the report.

Nearly all of digital nomads are Gen Xers (41%), in comparison with 27% who’re Gen Z or millennials, and 32% who’re child boomers or within the silent technology. Nearly all of digital nomads (35%) are employed by an organization, as an alternative of being freelancers (28%) or enterprise house owners (18%), the report discovered.

Digital nomads mentioned their high challenges are discovering dependable Wi-Fi (52%), discovering an excellent place to work (42%), networking (35%), time zones (29%), and work communications (20%). The highest advantages are a versatile schedule (85%), no commuting (65%), freedom to stay and work wherever (65%), work-life stability (63%), no workplace politics (52%), and no dressing up for work (51%), the report discovered.

The large takeaways for tech leaders:

  • 18% of digital nomads report making greater than $100,000 per yr, whereas 22% make between $50,000 and $99,999. — FlexJobs, 2018
  • The bulk (41%) of digital nomads are Gen Xers. — FlexJobs, 2018

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Picture: iStockphoto/Zephyr18

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