Romania named one of the global hotspots for young professionals

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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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