Freelancing vs. Full-Time Job: What Pays Better?

Gromi Finance Report

Freelancing vs. Full-Time Job:
What Pays Better in 2024?

Data-driven analysis to help you maximize your earnings

47%
Freelancers earning 6-figures+
2.3x
More paid time off (FTE)
63%
Freelancers work <40 hrs/week
$18k
Avg. benefits value (FTE)

Gromi Strategic Insight

Our data shows the highest earners use a hybrid approach - maintaining stable employment while building freelance clients on the side. This provides security while testing higher-paying opportunities. Transition fully to freelancing only when your client base can support 6+ months of expenses.

Freelancing

Top Advantages
  • Higher hourly rates ($75-$200+)
  • Unlimited earning potential
  • Tax deductions (home office, expenses)
  • Location independence
  • Project variety
Key Challenges
  • Income variability
  • No employer benefits
  • Self-employment taxes
  • Client acquisition
  • No paid time off

Full-Time Job

Top Advantages
  • Stable, predictable income
  • Employer benefits ($15k-$25k value)
  • Paid time off (15-30 days/year)
  • Career advancement path
  • Structured work environment
Key Challenges
  • Limited earning ceiling
  • Less schedule flexibility
  • Office politics
  • Limited tax deductions
  • Less project variety

Compare Your Earnings Potential

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