Digital nomads`s earnings- OnlyAccounts.io
Over the past years, living as a digital nomad has become increasingly popular, with millions of people being location independent and working remotely while traveling and exploring new destinations. As the digital nomad trend continues to rise, so do their earnings.
According to data presented by OnlyAccounts.io, one in three digital nomads make between $100,000 and $250,000 a year.
An Average Digital Nomad Makes $90,000 a Year.
From graphic designers, virtual assistants, and software developers to social media managers and content creators, digital nomads combine remote work and travel to make their living.
They make the most of new technologies and can work from anywhere in the world, as long as they have an internet connection.
According to The 2023 State of Digital Nomads survey, 36% of digital nomads make between $100,000 and $250,000 a year.
Another 8% earn between $250,000 and one million, while 2% of respondents said they made more than a million annually.
Statistics show 34% of surveyed digital nomads make between $50,000 and $100,000 a year, while only 6% reported earning less than $25,000 a year.
Analyzed by their education, nine in ten surveyed digital nomads have a higher education, with 54% holding a Bachelor’s degree. One-third of respondents said they have a Master’s degree, and only 3% a Ph.D.
Almost half of all digital nomads are from the United States. The United Kingdom, Russia, and Canada follow, with 7%, 5%, and 4% market shares.
44% of Digital Nomads are Full-Time Employees
Most digital nomads, or around 44% as of April, are employees of a company that allows working remotely. Another 17% work as freelancers, 16% as startup founders, and 8% as full-time contractors.
The majority, or more than 60% of respondents, said they work from the home office, while coworking was the second most-used option with a 15% share.
Digital nomads choose their travel location depending on specific factors, including accommodation price, internet speed, safety, and available coworking spaces. According to the Nomad List survey, they usually stay for two months in one city and around nine months in a country.
As of April, the United States was the most visited country by the digital nomad population. Spain and Thailand share second place, with 5% of this community staying there. London, Bangkok, and New York City were the top three most visited cities.
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