Romania named one of the global hotspots for young professionals

By Romania Journal Last updated Oct 11, 2022

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New research reveals Romania is the 3rd best country for young professionals.

Experts at Lensa have looked at job availability, cost of living, rent prices for a one-bedroom apartment, and average income to determine the global hotspots for young professionals.

The Best Global Hotspots For Young Professionals:

Rank	Country	Indeed Job Listings per 100,000 People	Average Annual Income	Cost of Living Index	Monthly Rent, Apartment, 1 Bedroom, City Center	Percentage of Concerts & Show Activities	Percentage of Nightlife Activities	Percentage of Event Activities	Percentage of Sights & Landmark Activities	Young Professional Hotspot Score /10
1	United States	121	$70,430	69.92	$1,678	0.90%	23.90%	0.65%	32.43%	6.66
2	Luxembourg	135	$81,110	72.15	$1,713	1.77%	5.32%	0.53%	39.54%	6.42
3	Romania	26	$14,170	34.93	$354	1.13%	8.51%	0.21%	30.28%	6.08
4	Belgium	47	$50,510	62.80	$814	0.11%	9.32%	0.62%	29.75%	5.95
5	Germany	43	$51,040	59.62	$876	0.12%	9.50%	0.31%	35.47%	5.95
6	Portugal	71	$23,730	42.18	$721	2.88%	6.48%	0.05%	28.83%	5.95
7	Italy	17	$35,710	58.47	$679	0.35%	8.71%	0.30%	57.16%	5.91
8	Hungary	18	$17,740	34.64	$385	0.17%	9.33%	0.30%	26.64%	5.74
9	Denmark	32	$68,110	73.09	$999	1.63%	5.49%	0.27%	39.44%	5.71
10	Poland	29	$16,670	35.06	$526	0.32%	6.86%	0.24%	31.89%	5.61

The United States comes out on top for the best location for young professionals to live with a hotspot score of 6.66/10. The US ranked well for multiple factors, including job availability, activities for young professionals, and average annual income. Though, with good job prospects, plenty to do, and good pay, the US also has a relatively high cost of living index score.

Luxembourg is second on the list with a hotspot score of 6.42/10. Luxembourg ranked in the top three for job availability and had a top five ranking for their average annual salary. Furthermore, Luxembourg also has a large foreign population, meaning that many different languages are spoken. This makes Luxembourg a very culturally diverse country and potentially an easier transition.

Romania comes in third with an overall score of 6.08/10. The country boasts an even lower cost of living index than Portugal and a lower average rent cost for a city center apartment, at $354. However, the average annual salary was much lower and there is less job availability, per 100,000 compared to other locations.

Countries With The Highest Average Annual Salary:

Rank	Country	Average Annual Income 2021	Average Weekly Income 2021
1	Switzerland	$90,360	$7,530
2	Norway	$84,090	$7,008
3	Luxembourg	$81,110	$6,759
4	Ireland	$74,520	$6,210
5	United States	$70,430	$5,869
6	Denmark	$68,110	$5,676
7	Singapore	$64,010	$5,334
8	Sweden	$58,890	$4,908
9	Qatar	$57,120	$4,760
10	Australia	$56,760	$4,730

Switzerland is a landlocked country, at the junction of Central, Western, and Southern Europe. The latest data shows that in 2021, Switzerland had an average annual salary of $90,360. This sum is sure to benefit young professionals, as the country also ranked highest on the cost of living index, of those we looked at.

Further Insights:

Singapore had 466 jobs available, per 100,000 of its population.
The cost of living score for Turkey is 28.38.
Argentina also has the lowest average monthly rental cost for a one-bedroom apartment, located in the city centre. At $233 per month on average.

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