💊Average hourly pay for a freelancer in the United States

The hourly wage for freelancers in the United States can be as high as $132.21 or as low as $14.90.

👌Besides, most freelancers earn between $24.28 (25th percentile) and $61.78 (75th percentile) in the United States. These hourly wages may vary according to your work and industry.

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❗️Top challenges of working freelance according to employees

🔵Finding enough work: 66%

🔵Managing an irregular income: 62%

🔵Managing irregular work: 60%

🔵Managing expectations with clients: 60%

🔵Clients not paying: 59%

🔵Self-motivation: 59%

🔵Time management: 58%

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👌Bookkeeping, accounting and invoicing

Keeping your accounts up to date and staying on top of invoices is critical for success as a freelancer. Doing so will help you run as tax-efficiently as possible and reduce instances of late payments to protect your cash flow.

⬇️Using an apps makes the whole thing feel far easier and more efficient:

🙂Quickbooks

The Quickbooks accounting app is one of the most popular of its kind, especially as it has a plan exclusively for self-employed freelancers. Having an app like this on your mobile, while you’re out and about, makes it quicker and easier to track miles and record transactions as and when they happen.

🔵Pandle

This is a free accounting app that is also a bookkeeping software and invoicing platform. Manage customer and supplier invoicing, upload receipts, view reports and complete banking straight from your mobile.

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💻Who Is Freelancing In 2024?

The arts & design industry has the highest proportion of freelance workers in the US - around 3 in 4 are self-employed.

💫In contrast, just 19% of office workers and administrative support employees are freelancers.

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▶️Cloud Services and Operations Team Leader

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📆Top Reasons For Freelancing

More than half of US freelancers (56%) agree the leading reason for taking work on a gig platform is to save up extra money.

➡️This is followed by needing to cover gaps or a change in income (52%).

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🔥New professions due to the influence of AI

🔵While artificial intelligence has rapidly spread and provides support in daily work or routine tasks, it’s clear that AI cannot replace humans. However, those who master working with AI efficiently can replace those who do not. AI experts such as Prompt or Machine Learning Engineers and Data Scientists are increasingly in demand.

🔵The key skills for aspiring Data Scientists include Data Analysis (14.2%), Data Science (11.2%), and Machine Learning (10.3%). Proficiency in programming languages like Python, SQL, and Java is essential.

❗️Additionally, understanding the limits and legal frameworks for AI use will be advantageous in the future.

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📆The four-day week as the new reality

👍While discussions about a four-day workweek for employees are widespread, freelancers have long practised this theoretically-viable reality. According to a freelancermap survey, 20% of respondents work only four or even fewer days a week, benefiting from flexible work structures, control over their working hours, and quicker adaptability.

🔵Freelancers can work more efficiently and achieve their revenue goals with less time invested.

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💻Growing importance of soft skills

➡️In an era dominated by remote work, artificial intelligence, and new technologies, soft skills and interpersonal aspects are becoming as important as technical expertise.

👕LinkedIn USA confirms this shift, with nearly half of 2000 surveyed employers lowering their requirements for hard skills while placing more emphasis on soft skills such as communication and teamwork.

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💻35.5% of freelancers are working from Europe.

🔵When we consider the number of freelancers in the world and their location, Europe might just be the cradle of freelancers with over one-third operating from there. Freelance statistics show that 29.2% of the global freelance community is concentrated in Latin America and 28% are in Asia.

➡️The remaining 10.1% of the freelance workforce is on the African continent.

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💻Freelancers see North America as their biggest client pool.

Freelancer statistics obtained in a recent study by Payoneer show that the majority of freelancers (36%) have clients across North America, with Europe taking second place with 27%.

🙂At the other end of the spectrum were Africa (4%), the Middle East (5%), and Australia (7%) as the regions with the fewest clients.

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