This video is closed-captioned If you've ever considered picking up
and moving out of the country, join the club. Getting a fresh start somewhere new holds a great
deal of appeal. But, before making a huge move, it's essential to make sure that the grass is,
in fact, greener on the other side. Moving without understanding the local job market,
living costs, and other unique financial considerations is a recipe for disaster.
Join us as we look at ten countries where high earnings potentials make them coveted
countries for relocation. Number twelve. Brazil.
Brazil has a low median wage for hourly workers in service industries,
but there are opportunities in several fields to make a healthy income and live comfortably.
The highest-paid careers are within the healthcare and medical field and management and business
positions. Average annual salaries from these industries are around R$151,098. While this totals
less than USD 30,000, it's plenty, considering an apartment in expensive cities like Rio de Janeiro
will run under R$2,000 per month around $420. Number eleven. New Zealand.
New Zealand tops many lists of beautiful places to visit, but it is also possible
to make a comfortable living as a transplant. As of 2022, the minimum wage is around 21 NZD per
hour, or 13.41 USD. But higher-paying industries offer significantly more.
In-demand jobs include accountants, healthcare professionals, building and contract managers,
IT managers, and engineers. These positions can bring in annual salaries in excess of 100,000
NZD per year that is around $65,000. Living and working in New Zealand is
often prized for the gorgeous scenery and laid-back lifestyle. Work-life balance is
no problem here. With an average of 4 weeks of annual vacation and 11 paid holidays,
you'll have plenty of time - and disposable income - to enjoy everything this island offers.
Number ten. Sweden. Like many European counties, the Swedish
job market holds fierce competition. Any country that offers impressive salaries and high quality
of life will see higher levels of competition. Sweden prides itself on gender and class equality
in society and the workforce and is a work culture that frowns upon regular overtime.
In-demand industries include pharmacology, teaching, engineering, software developers,
and healthcare professionals. Salaries tend to be a bit higher than in other
European countries due to the high cost of living. But a family of four can still live comfortably at
about 2,400 USD per month. Teachers, nurses, engineers, and other in-demand positions can
expect to make more than 3,000 USD per month, making it surprisingly reasonable to live here
if you land the right job. Number nine. Canada
Canada has become a favorite destination for immigration in recent years.
There's a lot to be attracted to - robust medical benefits, high standards of living,
and solid employment opportunities. Canadian employers, like many places,
are facing skill shortages. Some of the fastest-growing industries are Information
Technology. In 2018, Canada's tech sector created more jobs than the San Francisco Bay Area,
Seattle, and Washington D.C. combined. With uncertain political turmoil bubbling
up in the United States, Canada quickly becomes more attractive to new graduates.
Other in-demand careers include data scientists, web, software, and mobile developers, engineers,
and project managers. Work culture tends to be a
bit more relaxed in Canada - they focus on team efforts rather than individual accomplishments,
which might be an adjustment depending on the workforce you're transitioning from.
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Number eight. Germany. The German economy is thriving,
which always adds allure to those thinking about relocation. German salaries are
among the highest in the European Union. Furthermore, average annual gross salaries come
in higher than the amount generally considered to have a comfortable living in the country. Most
Germans are in the stable middle class, so general societal equity exists. Furthermore, a healthy
welfare system ensures that citizens get what they need, even when experiencing a rough patch. Free
healthcare and education are icing on the cake. The highest-earning professions belong to
medical professionals, lawyers, engineers, IT professionals, and those in the finance arena.
Number seven. Australia One of the unique requirements
in Australia is that certain visas have minimum salary requirements. So making sure you understand
the fine print of the rules under which you can work and live in Australia is critical.
As of 2022, the national average salary in Australia is AUD$90,000 per year around
$65,000. More metropolitan centers like Sydney and Melbourne will see slightly higher wages to
account for higher living costs. Typical work weeks are 38 hours,
and women earn less on average. The industry that has seen the most earnings growth
in recent years is construction. Other well-paid industries include computer
experts, finance, insurance, and scientific and technical services. Even public servants tend to
earn more than the national average. Number six. India.
India, particularly Mumbai, dole out hefty salaries for skilled ex-pats. Mumbai is India's
commercial, entertainment, and financial capital, and earnings can be more than USD 200,000.
Many of the ex-pats in India find themselves there through current jobs.
Attractive relocation packages from companies in India contribute to the high percentage of
ex-pats sent by their employers. What's unique about India is that the
country ranks lower in job opportunities than destinations in the U.K. and U.S. So your best
bet is to secure a job with an international company in your country of origin - and then
work on a transfer from there. Number five. United States
It isn't everywhere in the United States that ex-pats can find a lucrative career.
The San Francisco Bay Area usually tops the list, with New York City close behind.
In San Francisco and the surrounding area, foreign workers take home more than USD
200,000 on average. That doesn't mean it's easy to live comfortably, though. In 2018, it was
estimated that ten percent of San Franciscans were in poverty. Given rising housing costs,
inflation, and wages that have not been increased in tandem with those costs,
that number continues to worsen each year. In 2021, more than 600,000 households in the Bay
Area didn't earn enough income to cover food, housing, medical, and childcare. The cost of
living for a family of four well exceeds $100,000 per year, meaning the high wages don't necessarily
cover a comfortable living. Number four. Indonesia
With a bustling population of 270 million, Indonesia is one of the Asian countries
that pay handsomely for skilled workers to live and thrive in their country.
The capital, Jakarta, is a modern city and densely populated. But despite the financial
power that Jakarta commands in Sout East Asia, it's still an overall developing country. Only
40 percent of the population lives above the poverty line - and even then, just barely.
So while it's possible to live a comfortable life in Indonesia, be prepared for a land of dichotomy.
The country is riddled with political strife, and political attacks on institutions and Westerners
happen. Unlike San Francisco, earning a decent salary will stretch quite a way, as Jakarta is one
of the cheapest major cities globally. Number three. Hong Kong
Hong Kong is home to a significant world market steeped in a long and colorful history.
Hong Kong has a lot of people - about 7.5 million of them, according to 2020 estimates.
Like any city, crime occur, but crime levels are low and decrease yearly.
Hong Kong is technically part of a communist country but operates under its own unique
capitalist model. The dichotomy has led to political tension and will expire in 2047.
Many billionaires call the region home, so you'll find plenty of luxury shopping
and world-class restaurants. Although job opportunities are usually
easy to locate, competition can be tight. It's best to have a contract in place before moving,
as you might be searching for a while if you transplant first.
Number two. United Arab Emirates The United Arab Emirates - UAE, for short,
hires most of its workforce from overseas. Therefore, it's common to see ex-pats working in
all fields ranging from healthcare, education, and support staff for industries like travel,
hospitality, and tourism. The business landscape attracts
many companies to set up shop in the UAE. The tradeoff lacks regulation in areas like pay
and employee rights. There is no minimum wage, and the government relies on supply and demand
to keep the labor market in check. While understanding a fair wage can be
challenging, it can also allow more negotiation of salary packages.
The culture here can be shocking for those, and while women's rights have improved in
recent years, discrimination against women and wage gaps still exist. Flogging is still
used as a punishment under Sharia law. Lucrative salaries are one way to continue
enticing westerners to move to the UAE and hopefully continue to speed up essential
measures for equality. Number one. Switzerland.
Switzerland generally tops most lists regarding high salaries, quality of life,
and general desirability. According to a 2018 study, average ex-pats in Switzerland
bring home an excess of USD 200,000 per year. But, like a few places on our list (I'm looking
at you, San Francisco), the cost of living is a severe impediment to living in Switzerland.
So be prepared to part with a decent chunk of your hard-earned wages.
Overall, it's still an attractive place. HSBC conducted a study and found that 69 percent
of ex-pats described their work-life balance as improved in Switzerland,
and 60 percent said that the work culture was better than in their country of origin.
The highest compensated careers include doctors, lawyers, IT professionals, engineers,
and senior leadership positions. And keep in mind that, as in several countries, social funds and
a variety of taxes are assessed on income, so your base salary is not your take-home pay.
We hope you enjoyed our list today! Let us know in the comments below!
Well, that is all for today's video. What's your dream job? And what country do you wish
you could do your job from? Let us know down in the comments!.We hope you enjoyed today's list!
do leave us a comment or a like if you did enjoy the video consider subscribing
and before you start packing for your trip, consider looking at some of my other videos
from other amazing travel destinations! Happy Traveling and stay safe Until next time!