Digital nomads can also command a high salary, the report found: 18% of these professionals reported making more than $100,000 per year, while 22% make between $50,000 and $99,999. Meanwhile, the average US worker earns roughly $46,600 per year. Some 38% of respondents said they feel less financially stressed as a digital nomad, while 34% said they experience no difference in stress from when they worked a traditional job, according to the report.
The majority of digital nomads are Gen Xers (41%), compared to 27% who are Gen Z or millennials, and 32% who are baby boomers or in the silent generation. The majority of digital nomads (35%) are employed by a company, instead of being freelancers (28%) or business owners (18%), the report found.
Digital nomads said their top challenges are finding reliable Wi-Fi (52%), finding a good place to work (42%), networking (35%), time zones (29%), and work communications (20%). The top benefits are a flexible schedule (85%), no commuting (65%), freedom to live and work anywhere (65%), work-life balance (63%), no office politics (52%), and no dressing up for work (51%), the report found.