Are you considering outsourcing to Mexico? If so, Mexico City is definitely a great place to consider.
Mexico is a great option because of its proximity to the United States as well as its time zone compatibility. It is also far cheaper to hire someone in Mexico, as the average salary for a software engineer is a lot lower than in the United States.
However, there are several other factors that you also need to consider.
Employees in Mexico City are easy to find but also charge more than developers you might find in the rest of the county.
In order to make sure that you choose the right development option for you, contact us here at Trio. We can help you connect with the perfect person for your outsourcing or staff augmentation purposes.
We provide only experienced developers with a track record of success, so you can rest easy hiring a developer in Mexico who has already been vetted.
Let’s dive into the total pay for a software engineer per month in the Mexico City area so that you know more or less what to expect, whether you are hiring or thinking of becoming a software developer.
What is the average software developer salary in Mexico City?
In Mexico City, software developers can expect to earn an average monthly salary ranging from MX$ 22,000 to MX $55,000. This range is influenced by various factors such as experience, specific skills, and the company they work for.
Factors Affecting Software Developer Salaries in Mexico City
Several key factors influence software developer salaries in Mexico City:
- Experience Level: Junior developers typically earn less than their mid-level and senior counterparts.
- Educational Background: Holding advanced degrees or certifications can boost your salary.
- Industry: Some industries, particularly tech, offer higher salaries.
- Company Size: Larger companies often have more resources to offer higher salaries compared to startups.
Comparing software developer salaries in Mexico City to other cities
Compared to other major Mexican cities like Guadalajara and Monterrey, Mexico City typically offers higher salaries. This is largely due to its status as the country’s primary economic and tech hub.
However, it’s important to note that the cost of living is also higher in Mexico City, so this increase in average total compensation is not unreasonable.
Projected software developer salary trends for 2024
Looking ahead to the end of 2024, we can expect to see a modest increase in software developer salaries in Mexico City, which, at the very least, will keep up with inflation.
Based on current figures, this may be anywhere from 5% conservatively to an ambitious 10%.
This growth is driven by several factors, including the ongoing expansion of the tech industry, increased seniority of existing developers, and the increasing demand for skilled tech talent.
How does the salary of a full stack developer in Mexico compare?
If you are hiring a developer for a mobile app or website, you might want to consider hiring a full stack developer.
This is because the increased salary of a software developer who can handle the entire development process is still far cheaper than hiring both a front end and back end developer.
So, how much does a software developer with full stack capabilities earn?
Full stack developers are particularly in demand due to their versatile skill set.
In Mexico, mid-level full stack developers typically earn between $48,000 and $74,000 annually, with a software developer in Mexico City often earning at the higher end of this range.
Breakdown of full stack developer salary components
A full stack developer’s salary in Mexico generally includes:
- Base Salary: The base pay is usually the main component of the salary for a software developer.
- Bonuses: Performance-based bonuses and profit sharing can significantly enhance total compensation.
- Benefits: Health insurance, paid time off, and retirement plans contribute to the overall package.
In-demand skills that impact full stack developer salaries
Certain skills can significantly impact a full stack developer’s salary.
Proficiency in front-end and back-end technologies, experience with frameworks like React, Angular, and Node.js, knowledge of cloud services and DevOps practices, and strong problem-solving and communication skills are particularly valuable.
What are the average yearly salaries for software engineers in Mexico?
Salary range for junior software engineers in Mexico
The average yearly salary for software engineers in Mexico varies based on experience.
According to salaries submitted anonymously to Glassdoor, junior software engineers typically earn around MX$ 19,442 a month.
Mid-level software engineers see monthly salaries averaging around MX$ 32,083. Senior software engineers can earn MX$ 75,854 or more each month, depending on their expertise and role complexity.
Career path and trajectory for senior software engineers in Mexico
When considering hiring a developer long-term or becoming one, you need to consider the career path and salary trajectory.
Senior software engineers in Mexico often have 10+ years of experience and can earn significantly higher salaries.
With a proven track record and specialized skills, senior engineers can move into leadership roles, such as technical leads or engineering managers, where salaries can exceed $1,000,000 annually.
A lot of tech talent also moves into specialized fields, developing skills in AI, machine learning, or something else.
How do developer salaries in Mexico City compare to other Latin American countries?
Mexico City offers competitive salaries compared to other Latin American countries.
While cities like Buenos Aires and São Paulo also provide attractive compensation, Mexico City remains a preferred destination due to its robust tech ecosystem and strategic location.
Specializations that can impact software developer salaries in Latin America
Certain specializations can lead to higher salaries for software developers in Latin America. Professionals in data science and AI often command premium salaries due to the high demand and specialized knowledge required.
Cybersecurity experts are highly sought after due to increasing concerns over data breaches. Expertise in mobile platforms like iOS and Android can also lead to lucrative job offers.
Job market insights for software developers in Mexico and Latin America
The job market for software developers in Mexico and Latin America is dynamic and growing. Companies are increasingly looking to hire remote developers from this region due to the cost advantages and the availability of skilled talent.
Networking events, tech conferences, and online communities are excellent resources for developers seeking opportunities.
A lot of major companies are also based in major cities, which leads to talent congregating around job opportunities.
Benefits of hiring developers from Mexico and Latin America
Hiring developers from Mexico and Latin America offers several advantages. Lower salary expectations compared to those in North America and Europe provide cost efficiency.
Convenient time zones facilitate collaboration with North American companies. Furthermore, the region boasts a growing pool of talented developers with strong technical skills and work ethics.
If you are interested in being advised or receiving assistance hiring a Mexican developer, reach out to us here at Trio per personalized help.
