Remote Work Salaries: How much money can you make working remotely? — The Remote Nomad | Find Your Remote Career Today

Instagrammers promote the digital nomad life-style to those that dream of escaping the 9-5 to work remotely whereas touring the world. Though the digital nomad life-style seems to be glamorous, many individuals marvel what digital nomad salaries are and the way a lot cash distant jobs pay.

Questioning how a lot cash you may earn as a distant employee is a good query.

I’m going to do my finest to reply this query as a result of I at all times hated the response “it relies upon”. The fact is that how a lot cash you make as a digital nomad will depend on many components. Nevertheless, I’m going to stipulate what components you may think about that will help you gauge how a lot you may anticipate to earn as a digital nomad.

Distant Employees and Digital Nomads Have Actual Jobs

The very first thing to know is that digital nomads aren’t backpackers taking over random jobs to outlive. Digital Nomads have actual, respectable jobs. How digital nomads earn cash on-line is commonly by working remotely for a distributed staff, freelancing, or being entrepreneurs. 

That being mentioned, any digital nomad who has a distant job can anticipate to earn the identical as they might in the event that they have been in a 9-5 cubicle job. For instance, if you happen to’re a social media supervisor at a brick-and-mortar company and earn $55,000/ 12 months, there’s no purpose you would anticipate to earn any much less working remotely. Working remotely shouldn’t be a privilege; it’s a wiser approach to work, and distant groups perceive this. It saves them cash by not having to pay for overhead prices like workplace area, and it permits their groups to be extra productive as a result of they’ll work when and the place they’re best.

As a distant employee, it turns into extra in regards to the worth you add, moderately than workplace politics.

Distant Work Wage Stats

Let’s have a look at the arduous stats on how a lot cash digital nomads and distant staff make. Based on a report achieved collaboratively with FlexJobs and International Office Analytics, the average annual income for most remote workers is $4,000 greater than that of non-telecommuters.

One other FlexJobs report signifies, “18% [of remote workers] report making six figures or extra and 22% make between $50,000 and $99,999.“

For sure, there may be cash to be made as a digital nomad. The one time I see individuals getting paid lower than what they need to is once they’re trying within the incorrect locations for a distant job, or they don’t notice their value and are undervaluing themselves.

Wish to be sure to’re making use of in the suitable locations? Try the ten finest web sites to discover a distant job.

On-line Wage Report Generator

Since digital nomads make comparable salaries to these within the 9-5, we are able to additionally discover some on-line instruments that present wage benchmarks for various profession paths. The beauty of these on-line instruments is that they think about extra components than simply the position itself, self as years of expertise.

PayScale

PayScale is a well-liked on-line device that generates a wage report of how a lot you may anticipate to earn based mostly on a sequence of questions. The questions requested embody the position you’re contemplating, what number of years of expertise you will have, your highest degree of schooling accomplished, any further certifications, and many others. 

You do have to enter a location for this, so I’d counsel you simply enter your present location. That being mentioned, to translate location right into a distant work equal, I’d counsel selecting a state that has “mid-range” salaries. For instance, salaries in New York and California are likely to skew greater due to the excessive value of dwelling so if you happen to enter that as your location, you would possibly get inflated wage outcomes (until you’re employed remotely for a distant firm based mostly in New York or California).

When you full the questionnaire, PayScale will generate a custom-made report for you that outlines:

• Market wage vary 

• Bonuses

• Your market value over time

• Pay by expertise degree and gender 

• Suggestions of comparable roles and the way in-demand every position is 

Here’s a pattern report I did for a copywriter, 26 years previous, graduated with a Bachelor of Arts diploma. Right here you may see the median wage for a copywriter is $46,000/12 months, together with the market vary.