The top destinations for freelancers: Hong Kong is number 5
According to research recently released by Global Work From Home and Small Business Prices, 32 cities were investigated to see how they performed in terms of the opportunities available and affordability for the rising freelance workforce.
In this report, ranking was determined by an index score which rated economies according to nine factors. These factors covered a variety of topics ranging from the number of freelance jobs available to the average price of rent in the city centre. The ranking showed that New York, with an index score of 6.58, was the best place in the world to become a freelancer or work remotely.
In comparison, Hong Kong ranked fifth with an index score of 5.31, with a breakdown of each aspect as follows:
Broadband speed: HK: 151 Mbps, NYC: 116 Mbps
Free WiFi spots: HK: 421,241, NYC: 1 Million
Number of freelance jobs available: HK: 932, NYC: 4,359
Number of coworking spaces: HK: 147, NYC: 261
Average working hours per week: HK: 40, NYC: 40
Average rent in city centre: HK: $20,000 HKD, NYC: $25,700 HKD
Average monthly salary: HK: $18,500 HKD, NYC: $40,000 HKD
Cost of broadband per month: HK: $220 HKD, NYC: $520 HKD
Average temperature: HK: 23°C, NYC: 13°C
Hong Kong had relatively good scores when it came to factors such as broadband speed, cost of broadband per month, number of coworking spaces, and average temperature.
To further improve Hong Kong’s ranking, the Hong Kong government should address matters such as increasing monthly salaries and decreasing rent prices in the city centre.
On the other hand, New York City was ranked the top destination for freelancers because the city has an abundance of free WiFi spots, a high number of available freelance jobs and coworking spaces, and a competitive average monthly salary.
For more details, here is the link for downloading the full report.
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This article was published in the Freelancing.HK-News 65.