Mexico it salary per hour. Median Hourly Rate: $60000.

Mexico it salary per hour Apr 22, 2025 · The average salary in Mexico is roughly 350,000 pesos per year, which, when converted to USD, amounts to approximately USD 17,000 each year. May 16, 2022 · After much negotiation, General Motors has given workers at its largest factory in Mexico a raise that comes out to 25 cents an hour, on average. pay rate, multiply the daily rate by 365 to get the annual pay. 86 for Mexico and the Northern Border, respectively. Aug 12, 2024 · Hourly Wage The hourly wage in Mexico is tied closely to the minimum wage policies and has seen increments over recent years. Just in case you need a simple salary calculator, that works out to be approximately 30. Average monthly salary in Mexico in 2024, by gender and age group (in 1. Certain cities have established their own minimum wage requirements. minimum wage of $7. Jul 24, 2008 · Most New Mexico businesses will see the state minimum wage increase and will be required to pay a minimum wage of: $12. In addition, they earn an average bonus of $3,002. May 15, 2025 · When compared, the earnings gap between the highest (DC) and lowest (Mississippi) is more than $24 per hour. Effective January 1, 2025, Mexico’s daily minimum wage will increase by 12 percent. 50 and US $11. Dividing the annual pay by the annual hours worked gives you a comparable hourly rate. Top earners have reported making up to MX$73,500 (90th percentile). 76) and MXN $419. Feb 8, 2025 · On a national level, medical assistants can expect to make an average annual wage of $40,700, or $19. The federal minimum wage is currently $7. 80 pesos per work day. Median salary. 08 a week or 5,200. 80 Mexican pesos per day, which is equivalent to 14 U. 72) for the Free Zone of the Northern Border. About one-third of Mexico’s registered workers report earning the minimum wage, which will amount to about $1. 00 per hour for tipped employees effective January 1, 2023 (previously $2. Historical data on low and high skilled wages on Take-profit. On the other hand, data from the Tetakawi field studies revealed that Mexico’s hourly manufacturing wage was $2. 75) per day in most of the country, the government announced Wednesday. Aug 15, 2024 · Mexico’s average salary is also lower than Japan’s $30,993 USD per year. 70 USD in November 2024. 04 per hour. The deciding force behind the minimum wage in Mexico is the National Commission on Minimum Wages (“Comisión Nacional de Los Salarios Mínimos” or CONASAMI ). 00 an hour. 93 (approximately USD $14. 90 (USD) per hour, well below the average federal U. 000s Mexican pesos) 3 days ago · The average waiter/waitress gross salary in Cancún, Mexico is $123,006 or an equivalent hourly rate of $59. Mar 1, 2025 · The salary range for a Doctor job is from $179,249 to $235,890 per year in New Mexico. 11, as of 2023. Reports from the U. As of January 1, 2024, New Mexico’s minimum wage is $13. The tax rates, which vary from 1. 50 USD/Hour in December of 2023 and a record low of 1. Hourly Wage = Annual Salary / ( 52 x 5 x 8 ) Jan 1, 2025 · Mexico’s Daily Minimum Wage for 2025. As of Apr 25, the average annual salary in New Mexico is $62,404. 3 days ago · Average monthly salary Mexico 2024, by gender and age group. May 15, 2025 · Graph and download economic data for Labor Compensation: Earnings: Manufacturing: Hourly for Mexico (MEXLCEAMN01GPSAQ) from Q2 1980 to Q4 2024 about Mexico, compensation, hours, and manufacturing. 40 to $3. 80 per hour effective January 1, 2022) Jan 1, 2024 · Mexico’s Daily Minimum Wage for 2024. Feb 14, 2025 · Minimum Wage Requirements in New Mexico. Mar 20, 2025 · Generally, the average weekly salary in Mexico is around 4,500 pesos, while the average annual salary is approximately 205,000 pesos. The competition among auto makers to attract and retain auto workers is high. Formulas Used. 25 USD per hour. The New Mexico minimum wage is $12. In Arizona, another bordering state of Effective January 1, 2024, the daily minimum wage rate in the Free Trade Zone of the Northern Border will increase to MXN $374. 80. 80 pesos (US $13. 80 (approximately $13. org. Wages in Manufacturing in Mexico remained unchanged at 3. U. This page provides - Mexico Average Daily Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. dollars. In addition, they earn an average bonus of $6,507. 33 a month. 90 USD/Hour in October of 2018. As of January 1, 2024, Mexico’s daily minimum wage will rise from to $207. 70 per hour, while their counterparts in Taiwan and the Czech Republic make US $7. The annual hours worked equals the weekly hours per shift times 52 weeks per year. Jan 8, 2025 · Mexico lacks a minimum hourly wage, but averages to MX$31. 41 to $374. Jan 2, 2025 · On Jan. 90/hour. This is 8% higher (+$9,884) than the average hotel worker salary in Mexico. To calculate overtime pay in New Mexico, employers must determine the employee’s hourly rate by dividing the weekly salary by the intended hours of the workweek. The average it technician gross salary in Mexico is $304,692 or an equivalent hourly rate of $146. 00 per hour effective January 1, 2023 (previously $11. S. 10 USD per hour, reflecting an increase from $3. For example, Texas minimum wage is $7. 25 per hour for workers covered by the Fair Labor Standards Act (FLSA), though many states have set their own, often higher, minimum wage rates. dollars per year. 80 (approximately USD $13. Oct 26, 2016 · The average hourly wage for auto workers in Mexico is increasing according to a recent article in the journal. Dec 4, 2024 · Mexico's minimum wage will increase 12% to 278. Mar 13, 2025 · As of December 2024, the nominal hourly wage in Mexico's manufacturing sector stood at $5. The federal minimum wage is $7. We must first examine the minimum wage to comprehend Mexico’s average wage. No New Mexico cities levy local income taxes. 26 USD per hour. Free for personal use. The daily minimum wage in Mexico was raised by 12% for 2025, reaching MXN $278. 76 USD) nationwide and MXN $419. Most salaries in New Mexico range between 44,353. If you’re curious how it all works behind the scenes, here are the formulas: From Salary to Hourly Wage: Hourly Wage = Annual Salary ÷ (Hours per Week × Weeks per Year) Monthly Salary = Annual Salary ÷ 12 Weekly Pay = Annual Salary ÷ Jan 25, 2024 · Mexico's National Minimum Wage Commission has increased the minimum wage, effective as of Jan. An entry level it technician (1-3 years of experience) earns an average salary of The average base salary for an entry-level manufacturing worker in Mexico is approximately $4. Under the Federal Fair Labor Standards Act, states and localities are permitted to set their own minimum wage rates, which will take precedence over the Federal minimum wage rate if they are higher. Wages in Manufacturing in Mexico averaged 2. To address regional economic disparities, Mexico categorizes its minimum wage into different geographic zones. Factors that influence the average salary in Mexico For employees working a full eight-hour day, this equates to an hourly minimum wage of around MXN $25. Cost Of Living in Mexico vs. 99%. 75 USD/Hour from 2007 until 2025, reaching an all time high of 5. 72 USD) in the Free Zone of You’ll see a full breakdown: hourly wage, weekly pay, monthly pay, and annual salary. com for New Mexico hourly paycheck calculators, withholding calculators, tax calculators, payroll information, and more. For many industrial roles, foreign manufacturers can expect to pay labor rates in Mexico equaling approximately $7-$8 USD per hour for advanced-skill workers. 90 USD/Hour in March. However, the minimum wage can differ for certain geographical areas and specific industries. 058 USD/Month in 2023. For example, production line workers in Mexico earn a fully fringed salary of US $2. Here you have the comparison of Mexico vs United States, Average Wage Visit PaycheckCity. For example, Mexico’s salary is way higher than in Pakistan where the average annual salary is $3,531 USD. The average salary for jobs in Mexico is $295,419 (MXN) per year or an hourly rate of $142 (MXN). The average salary in the Salary Survey 2025 is Let's find out what salaries in Mexico in 2025. How Can You Calculate a Comparable Hourly Wage in Mexico? To calculate an hourly wage comparable to a U. Overview of New Mexico Taxes. When converted to USD, minimum wage in Mexico is $1. In 2025, the average monthly wage in Mexico will be around 883 USD, with an average annual salary of about 10,696 USD. Wages in Mexico increased to 621. Median Salary The median salary in Mexico provides an insightful glimpse into the average earning power of the workforce. Let’s now explore the various aspects of the average salary in Mexico. The rate along the ‘Northern Border Zone’ will be increased in 2025 from $374. As of January 1, 2025, Mexico’s daily minimum wage rises from to $248. The rate for 2024 along the ‘Northern Border Zone’ will be increased from $312. But Mexico’s average salary is higher than other Latin American countries. Average salary in Mexico City. The hourly rate is then multiplied by 1. Major automakers expanding or opening factories there are offering higher wages, benefits and incentives to attract workers. 50 per hour, reflecting increases under the New Mexico Minimum Wage Act. 57 per hour, according to the Bureau of Labor Statistics. states, however, mandate even higher minimum wages, ranging from $10 to Jan 20, 2025 · As of December 2024, among the surveyed jobs in the automotive manufacturing industry in Mexico, the position of Manufacturing engineering manager presented an average salary of around 635,000 The average salary for jobs in Cancún, Mexico is $317,812 (MXN) per year or an hourly rate of $153 (MXN). 93 to $278. 75 per hour starting Jan. 25 (USD) per hour. 25 per hour (equivalent to approximately $58 per day for an eight-hour workday). The applicable daily minimum wage will be MXN $278. The wage disparity contributes to labour migration from Mexico to the US in search of better opportunities. Jun 1, 2025 · The average Nurse, RN salary in New Mexico is $67,283 as of June 01, 2025, but the salary range typically falls between $60,994 and $75,879. According to official information from the Mexican Ministry of Labor, from January 1, 2025 the minimum wage in Mexico is 278. 70 per day, or about USD 7. 44 to $248. Mexico vs. the United States. 50 per hour effective January 1, 2022) $3. 12 and MX$46. 93. 00 (75th percentile) annually. The minimum wage, the lowest hourly amount that an employee may be paid for their labor, is determined by both state and Federal labor laws in the United States. 83). Mexico - Get a free salary comparison based on job title, skills, experience and education. 00 Jun 19, 2023 · In terms of an hourly wage, the average income of a Mexican worker in the manufacturing industry is around USD 4. Feb 7, 2025 · New Executive Order Rescinds the $17. May 15, 2025 · Graph and download economic data for Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Mexico (LCEAMN01MXM661S) from Jan 1980 to Feb 2025 about Mexico, compensation, earnings, hours, and manufacturing. This page provides forecast and historical data, charts, statistics, news and updates for Mexico Wage & Salaries. The government updated it in January 2025, increasing the general minimum wage from $248. Effective January 1, 2024, the daily minimum wage rate in the rest of the country will increase to MXN $248. However, there are many states where the pay will be much higher or much lower depending on the level of demand for medical assistants. The average hourly wage (pay per hour) for all employees in Cancun is 230 MXN. New Mexico has a progressive income tax system, with five brackets that are each dependent on income level and filing status. Jan 3, 2025 · Mexico’s minimum wage is a right stated in the Mexican Constitution. However, there is still a significant gap when compared to international standards. The minimum wage per day guaranteed by law in Mexico was decreed to increase by approximately 20% between 2022 and 2023. dollars per hour) [Graph], El Financiero, August 23, 2017. The Mexican minimum wage is MXN 141. Every February, employers must file with Mexico’s Social Security Institute Wage & Salaries for Mexico from Instituto Nacional de Estadística Geografia e Informática (INEGI) for the Compensation of Employees release. 89 (about USD $21. 64 USD per hour. Accurate, reliable salary and compensation comparisons for Mexico Median Hourly Rate: $60000. This is equivalent of 1,200. How Much Money Does A Person Working In Mexico Make? Median Salary. Jan 1, 2025 · Quick Hits. 15 pesos ($3. Moreover, the average annual wage increased for the third consecutive year. 88 (approximately $20. Dec 26, 2016 · Recent Changes to Mexico’s Minimum Wage. 2 percent, which would have brought the hourly wage at the facility to 77. Compared to last year, this figure has increased by 11. 98 per hour. In addition, they earn an average bonus of $7,922. The US borders Mexico in the north, and minimum wage in the US is dependent upon the state you work in. This is the rate that the average individual gets paid for every worked hour. 5 times. 88 pesos per work day. 25 per hour. 00 (25th percentile) to 79,459. The median salary in Mexico is 29,200 MXN (USD 1,695/month). Many U. Median salary represents the middle value of a set of salaries. As the minimum hourly rate in New Mexico is $12 per hour, the overtime pay for minimum wage workers is $18 per additional hour worked. This bumps up the average factory worker’s pay Jun 26, 2023 · Salary Breakdown in Mexico. The lower labor costs available in Mexico are a result of the typically lower cost of living compared to those in the United States. 89 pesos per work day. federal minimum wage of $7. As of 2023 May 30, 2025 · The average hotel worker gross salary in Cancún, Mexico is $140,301 or an equivalent hourly rate of $67. [Online]. 93 pesos per work day. 90%, are ranked in the bottom 20 on a nationwide scale. When analyzing Mexican wages, it is important to first understand the baseline of all hourly wage rates in Mexico: the minimum wage. 89 to $419. Additionally, for skilled workers like machinists and welders, Mexico is approximately $7 – 8 (USD) per hour, compared to an average of $20 – 22 (USD) per MEXICO CITY (AP) — Mexico’s president said Friday the country’s minimum wage will rise by 20% in 2024, to the equivalent of about $14. Mar 17, 2023 · One of the first things the union did was fight for pay raises, and initially targeted wage increases of 19. This salary accounts for Mexico’s 48-hour work week compared to the typical 40-hour work week in the U. Minimum and average wage in Mexico. Sep 27, 2023 · The average salary for an Information Technology is MX$22,250 per year or MX$11 per hour in Mexico City, Mexico, which is 78% lower than the national average. 88 (approximately USD $20. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Mexico. As the chart below shows, the average fully fringed wage in Nov 27, 2023 · Salary ranges can vary depending on many factors, including industry, years of experience, education, and job description. This is 8% higher (+$8,665) than the average waiter/waitress salary in Mexico. Click on the filter to check out Doctor job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly. Of all the automotive manufacturing locations that were examined in the study, Mexico was found to be the most economical. Compared to Mexico this is on par. It’s important to note that these figures may vary depending on the specific job and location within Mexico. . 70% to 5. Latest statistics on minimum and average salaries in Mexico. 07 to $25. 89 MXN/Day in April from 619. We would like to show you a description here but the site won’t allow us. Belize minimum wage is $1. 00 per hour. 50). 71 per hour, a stark contrast to the U. Wages in Mexico was 630. 50 respectively. The minimum wage in Mexico is significantly lower than in the United States, where the federal minimum wage is $7. This legislation, codified under NMSA 1978, Section 50-4-22, requires employers to adhere to wage standards to support employees’ financial well-being. This hourly wage calculator helps you find out your annual, monthly, daily or hourly paycheck having regard to how much you are working per day & week and pay rate Aug 9, 2024 · Average wage in the manufacturing sector in Mexico compared to the United States from 2015 to 2017 (in U. 1. 25 per day. 1, 2025, Mexico’s general minimum wage increased 12% due to inflation adjustments. Sep 18, 2024 · In 2023, the average wage in Mexico achieved its highest level since 2009, amounting to around 20,090 U. National Bureau of Labor Statistics show the average wage for direct manufacturing labor ranges from $16. Dec 4, 2024 · The new rate equates to just $1. The living wage in Mexico averages around MEX $13,177 (USD $677) to $17,849 (USD $917) per month, according to the Global Living Wage Coalition. Country comparison, you can compare any two countries and see the data side by side. 29 MXN/Day in March of 2025. 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