- Paris, France – Paris has an emerging creative scene which has led to an increase in demand for freelancing businesses. The city has the highest amount of freelance jobs available and the lowest amount of working hours per week at 35. One set back is the average rent for a one-bed apartment (approx. £1,079).
- New York, USA – Although New York City is the most expensive place to live, with a one-bed apartment costing nearly £2,541, the average salary in the city is around £3,954. There are lots of opportunities in New York which is why it’s still one of the best destinations to launch your freelancing career.
- London, UK – London is home to thousands of start-ups and creative projects. Similar to Paris, the average rent for a London one-bed apartment is £1,701. However, it has the second-highest amount of freelancing jobs available and over 240 co-working spaces within the city.
- Singapore – Singapore is unlike any other city in Southeast Asia. Although the number of freelance jobs available is just under 2,000, the average salary is around £2,483. In Singapore, you can pick your own working hours, but the average is a significant 44 hours. Work culture is definitely something to consider.
- Hong Kong – Hong Kong is popular for freelancers in the financial sector. The average salary is around £1,830 but the cost of living is very expensive with monthly rent averaging at £2,014.
“In a new digital age, working from home or being a freelancer has become much easier over the last five to ten years. The use of social media to build networks, apps, and websites such as Fiverr or PeoplePerHour to find jobs, mean that people can find their dream job in a matter of a few clicks. The research produced is to highlight those cities where opportunities to become a freelancer are widely available along with consideration of living costs and general day-to-day needs.”
The rise of self-employment in the UKIn addition to analysing self-employment on a worldwide scale, it is worth highlighting the emerging opportunities for freelancers across the UK. New figures from the Office for National Statistics reveal that from 2008 to 2017, the number of self-employed people in the UK increased from 3.8 million to 4.8 million. In total, it’s estimated that the self-employed market contributes £275 billion to the UK economy. It is predicted by Xenios Thrasyvoulou, founder of PeoplePerHour, that 50% of the workforce will be self-employed by the end of 2020 and contributing more than £51 billion to the UK economy.
Freelance insurance tailored to you
Create Insurance offers specialist insurance cover for freelancers – get instant cover on public liability, professional indemnity and equipment insurance.