What Salaries Allow You to Live Comfortably Around the World?
Have you ever considered living in a different country? One of the major considerations for relocating is employment opportunities. Different countries have different standards of living and varied salaries. While jobs like marketing and accounting may pay highly in some countries, they may be low-paying or even nonexistent in others.
If you’re interested in experiencing a different country, you’ll need to take into account the salary that will allow you to live comfortably. It’s essential to be aware of the job market and upskill accordingly.
Read on to learn more about the well-remunerated jobs in different cities and the salaries which are considered above average. *The following costs of living are without taking rent in to consideration.
Median Salary and the Cost of Living in the Top 5 Cities for Tourists
#1. London
One of the most popular cities for tourists and a favorite in terms of high-paying job opportunities, London is a dream city for most people.
The median salary in London ranges between $54,000 and $82,000 annually and the median cost of living for a single person in London is about $3,600 per month. Salaries higher than $53,000 are considered above average.
#2. New York
Touted as the city that never sleeps, New York is the largest city in the United States with thriving job opportunities and an active nightlife.
New York is one of the most popular cities for relocation. The median annual salary ranges between $63,000 and $77,000 while the median cost of living for a single person is around $2,000 per month. An above-average salary in New York is anything more than $67,000.
#3. Paris
One of the most beautiful cities in the world, Paris is not just a top tourist destination but also ranks high in terms of innovation, intellectual capital, and job opportunities.
The annual median salary in Paris ranges between $54,000 and $72,000 and the median cost of living for a single person is $1,500 per month. A salary above $73,000 is considered above average in Paris.
#4. Singapore
Singapore is known for its top-notch infrastructure, transportation, and ease of doing business. This southeast Asian country has job opportunities for people in a variety of industries.
With one of the least corrupt and open economies in the world, the annual median salary in Singapore ranges between $48,600 and $68,000, and the monthly median cost of living is $970 per person. A salary above $58,000 is considered above average in Singapore.
#5. Hong Kong
In terms of quality of life, Hong Kong is one of the best cities in the world. It ranks highly when it comes to its economy and having the highest life expectancies globally.
The annual median salary in Hong Kong ranges between $29,000 and $56,600 while the median cost of living per month for a single person is $730. A salary above $40,000 is considered above average in Hong Kong.
Top 6 High Paying Jobs in the World
Regardless of where you live in the world, here’s a list of the highest paying jobs globally:
#1. Corporate Lawyer
Lawyers around the world earn well, but corporate lawyers are among the top earners. Keep in mind that this is a profession that involves working long hours and a low work-life balance. Some of its duties include drawing up clients’ legal documents and offering them advice on legal transactions.
Average UK Salary: $156,000
Average US Salary: $190,000
Average Canada Salary: $127,000
#2. Marketing Manager
Marketing managers are responsible for planning, delivering, and executing marketing plans, policies, and strategies for companies. This role requires a demonstrable track record of past marketing plans and campaigns, project management skills, and a metrics-driven outlook.
Average UK Salary: $71,000
Average US Salary: $99,000
Average Canada salary: $68,000
#3. Orthodontist
Orthodontists are responsible for treating dental disorders, fixing crooked smiles, and aligning teeth after examining and diagnosing patients. They help patients adjust their jaw and teeth structure by fitting them with appropriate braces and retainers.
Average UK Salary: $320,000
Average US Salary: $288,000
Average Canada Salary: $153,000
#4. Anesthesiologist
Anesthesiologists are responsible for administering anesthetics to patients before, during, or after surgery. Their other duties include advising patients on pain management and dealing with emergencies.
Average UK Salary: $268,000
Average US Salary: $400,000
Average Canada Salary: $292,000
#5. Surgeon
One of the highest paying and highly regarded professions in the world, a surgeon’s duties include preoperative analyses, performing surgical processes, and checking in with patients after an operation.
Average UK Salary: $215,000
Average US Salary: $387,000
Average Canada Salary: $302,000
#6. IT Manager
If you’re passionate about technology and are a good problem solver, then IT managerial roles are a good match for you. An IT manager’s key responsibilities include protecting office networks from hackers, ensuring hardware and software operability during periodic upgrades, and resolving any sudden technical issues.
Average UK Salary: $76,000
Average US Salary: $130,000
Average Canada Salary: $91,000
Top 5 High Paying Remote Jobs
Having a remote job provides you with the flexibility to travel around the world, enjoy a flexible schedule, and be your own boss. Here’s a list of the top 5 high-paying remote jobs around the world.
#1. Graphic Designer
Average Salary Per Year: $43,000
#2. Digital Marketer
Average Salary Per Year: $60,000
#3. Freelance Writer
Average Salary Per Year: $46,000
#4. Web Developer
Average Salary Per Year: $104,000
#5. Freelance Translator
Average Salary Per Year: $58,000
Conclusion: The Right Qualifications and Experience Are Key
We hope these lists and figures helped you properly evaluate the possibility of living in another part of the world. You may be looking to relocate for better economic conditions, a better climate, or to be closer to family. Whatever your motivations, getting the right qualifications and experience will help you land a lucrative role that will allow you to live comfortably in any of the countries we named.
