Outsourcing to Mexico but not sure how much you should pay a Mexican employee? The average base salary in Mexico varies drastically across different sectors like IT, manufacturing, healthcare, etc. The salary range also depends on various factors like education level, years of experience, and work type permanent, contract, or part-time. After considering the above factors, a Mexican worker usually earns an average annual salary of 3,98, MXN Mexican Peso. According to the exchange rate in , this amounts to USD 19, annually.
In terms of an hourly wage , the average income of a Mexican worker in the manufacturing industry is around USD 3. Median salary represents the middle value of a set of salaries. It means that half of the working population earns more than the median salary USD 1, , while the other half earns less than the median salary.
Note: The figures provided here are averages of numbers and should only be taken as general guidelines. Salaries and increments will vary from person to person and depend on many factors, as discussed above. Based on the surveys by salaryexplorer. Additionally, Ph. Essentially, the more qualified a candidate, the higher their salary. Note: Changes in salary based on education vary across locations and also depend on the career field.
In , the Mexican government decided to increase the daily minimum wage to The new national minimum wage law came into effect on Jan 1, For decades, US-based companies have been outsourcing their business operations to Mexico — also called nearshoring. Outsourcing to Mexico can help businesses from other countries cut costs and remain competitive. The State Department has warned citizens about traveling to this region. Many people travel through Reynosa, Mexico, to get to the U.
The U. Ciudad Juarez. Ciudad Victoria. The new wage is Wages in Mexico averaged This page provides — Mexico Average Daily Wages — actual values, historical data, forecast, chart, statistics, economic calendar and news. Your email address will not be published. The cost savings keep adding up when you figure in the lower expenses for rent and utilities.
Most of these are Class A facilities that are in gated industrial parks or secured, stand-alone buildings. The shelter program in Mexico is designed to reduce risk and liability for foreign companies. You get to focus solely on manufacturing and will maintain complete control over your processes and production. Download our free Mexican Manufacturing Cost Fact Sheet to learn how much you can save on labor, real estate, utilities and more.
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