What is the average freelance salary around the globe?
How much could you potentially earn as a freelancer? Although there is no set formula to determine freelance rates, a quick browse through any online marketplace reveals a wide range of prices. Keep reading to learn more about the average freelance salary around the globe.
The average freelancer salary range
There isn’t a global rule of thumb or guide to follow; a quick peek in any freelance marketplace shows that any one skillset can be prices anywhere from $1/hour to $100/hour. Rates can depend on professional experience, education, geographical region, and the demand for the specific field.
The freelance economy is booming
As more and more people flock to independent work, freelancing is quickly becoming the preferred lifestyle choice for workers all over the world. New technologies make remote working accessible and more productive; online marketplaces and social media networks provide new venues for freelancers to promote their skills and find work; and cross-border payments make it easier for them to get paid, regardless of where the client is and what currency they use.
Freelancing’s growing popularity is driven by global generational shifts and we see that the freelance workforce is mostly led by younger workers who are eager for independence and fresh business opportunities.
The 2020 freelancer income survey
Payoneer conducted a global study of 7,000 freelancers from over 150 countries including emerging markets such as Pakistan, Philippines and Ukraine to learn more about their average income, hourly rates and skills. Survey respondents provided us with unique insights into what makes them successful, what rates they’re charging and how they operate.
Younger generations like Gen-Zers and Millennials are a vast majority of today’s global freelance workforce. In Southeast Asia, 82% of workers are under the age of 35, compared to only 47% in North America. On the other hand, we found that freelancers over the age of 55 aka “boomers”, earn more than twice as much as their younger peers.
Key findings
The worldwide average hourly rate charged by freelancers is $21, higher than the $19 average rate from 2 years ago.
The most popular field of work for freelancers is web and graphic design, programming and IT, yet these fields don’t pay the most due to a high supply of freelancers.
Female freelancers earn on average 84% of men’s earnings across all fields.
74% of freelancers use social media to promote their services, up from 65% two years ago with 21% using Instagram.
Related resources
What Are The Best Payment Options For Freelancers?
Freelancers offer flexibility and expertise without the overhead of traditional employees. However, processing invoices and payments for international freelancers can be a complex and time-consuming process. To work with freelancers effectively, it’s crucial to understand the available payment options for freelancers and how to best keep on top of accounting and invoicing.
Brazilian freelancers rise up
In Brazil’s dynamic job landscape, freelancing has emerged as a powerful force.But there are still unique challenges and opportunities they face. Read on to learn more about the impact they are making on the local and global market.
Cooking up freelance success – revealing the secret sauce for how freelancers become agency owners
Over the past two years, gig economy participation has grown significantly. This article Reveals the Secret Sauce for How Freelancers Become Agency Owners. If you are a freelancer seeking to scale successfully and expand your business, this guide is for you.
Freelance Hourly Rate Calculator – Calculate Your Ideal Pay
Find out how much you should be charging for your freelance services and boost your bottom line.
Latest articles
-
Using an employer of record in Colombia
See how Payoneer Workforce Management’s EOR services in Colombia help simplify compliance, payroll, onboarding, and more.
-
Looking for an employer of record in China? Here’s what you need to know
Learn how Payoneer Workforce Management in China helps simplify compliance, payroll, onboarding, and more.
-
Using an employer of record in Australia
Learn how to use an Employer of Record in Australia. Payoneer Workforce Management EOR solutions in Australia simplify compliance, payroll, onboarding, and more.
-
Looking for an employer of record in Germany? Here’s what you need to know
Learn what a Workforce Management Platform does. We outline the key services, including hiring, onboarding, paying, and managing employees.
-
Using an employer of record in Brazil
Learn how to use an Employer of Record in Brazil. Payoneer WFM’s Employer of Record services in Brazil simplify compliance, payroll, onboarding, and more.
-
Looking for an employer of record in the Netherlands? Here’s what you need to know
Learn what a Workforce Management Platform does. We outline the key services, including hiring, onboarding, paying, and managing employees.
Disclaimer
Nothing herein should be construed as if Payoneer Inc. or its affiliates are soliciting or inviting any person outside the jurisdiction where it operates/is licensed to engage in payment services provided by Payoneer Inc. or its affiliates, unless permitted by applicable laws. Any products/services availability are subject to customer’s eligibility. Not all products/services are available in all jurisdictions in the same manner. Depending on your eligibility, you may be offered with the Corporate Purchasing Mastercard, issued by First Century Bank, N.A., under a license by Mastercard® and provided to you by Payoneer Inc., or the Payoneer Business Premium Debit Mastercard®, issued and provided from Ireland by Payoneer Europe Limited under a license by Mastercard. The Payoneer Business Premium Debit Mastercard® cannot be used at merchants or ATMs in Hong Kong or for HKD payments. If you are located in the EEA, all Payoneer Services will be provided to you by Payoneer Europe Limited, trading as Payoneer and regulated by the Central Bank of Ireland.
The information in this document is intended to be of a general nature and does not constitute legal advice. While we have endeavored to ensure that the information is up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability or suitability of the information. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever incurred in connection with the information provided.
