Cost of Hiring LATAM Developers in 2024
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Most companies are now on the lookout for hiring LATAM developers. This is because the rising demand for tech talent the world has seen over the past couple of years has been a challenge to most enterprises and startups looking to hire top-quality talent at the right price.Â
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From Europe to Asia to LatAm, there are many popular choices when it comes to hiring remote developers and designers. So, why should you consider hiring LatAm developers and designers for your upcoming projects?
Let’s dive in.
1. The cost of hiring LATAM developers Vs. others
The cost of hiring developers is one of the key determinants that sways founders toward the LatAm market. This is because the hourly rate of US-based developers happens to be the highest rate in the industry at about $70.00-$100.00 per hour. The second and third highest are in Canada at $60.00-$80.00 and in Western Europe which amounts to $50.00-$81.00 per hour. In comparison, Latin America’s $45.00-$65.00 appears to be the most attractive rate present in the West.Â
You can still afford to find developers at an hourly rate of $35.00-$55.00 coming from South Asia and Eastern Europe. But the language barriers and time zone challenges stand in the way of this union.
Comparison of the hourly rate of developers globally:
| Region | Rate in USD |
|---|---|
| USA | 70-100 |
| Canada | 60-80 |
| Western Europe | 50-81 |
| Eastern Europe | 45-65 |
| Australia | 55-80 |
| Latin America | 45-65 |
| East Asia | 50-60 |
| South Asia | 35-55 |
| East, South & West Africa | 40-60 |
| Central & North Africa | 35-55 |
While the rates of LATAM developers are higher than those of African and Asian regions, the time zone and work culture compatibilities make it the more attractive option for the US market.
2. The cost of hiring LATAM developers
There are several LATAM countries that you can choose from when searching for qualified tech talent. While on average you may find a software developer in Latin America for hire between the rates of $45.00-$65.00 USD per hour, based on the exact location these rates may differ.
For instance, the hourly rate for developers in Latin American countries like Argentina, Brazil, Columbia, and Mexico which are the most popular locations for hiring remote developers ranges between $42 – $65.
Comparison of hourly rates for developers in Latin America
| Region | Rate in USD |
|---|---|
| Panama | 50-69 |
| Peru | 45-65 |
| Ecuador | 45-70 |
| Mexico | 45-65 |
| Chile | 50-65 |
| Colombia | 45-65 |
| Brazil | 42-65 |
| Argentina | 48-65 |
| Uruguay | 50-70 |
| Costa Rica | 50-65 |
3. Cost of hiring developers based on specialty
While geography plays a large role in the rate a developer may charge per hour, their specialties and their tech stack also contribute to the change in rates.
| Developer Type | Rate in USD |
|---|---|
| Data Science | 50-69 |
| DevOps | 45-65 |
| Ruby | 45-70 |
| Java | 45-65 |
| JavaScript | 50-65 |
| PHP | 45-65 |
| Frontend | 42-65 |
| .NET | 48-65 |
| iOS | 50-70 |
| Python | 50-65 |
| Android | 50-70 |
| Design | 50-65 |
While all specialties fall within the range of about 45-70 per hour, it is important to note that the type of skillset you require may affect the rate of your developer.
If you’re looking to hire LatAm developers remotely, take a look at our guide on the Top 7 Websites to Hire LATAM Developers in the Americas for more in-depth information.
Learn more about hiring LATAM-based developers by visiting our guide here.
If you wish to hire LatAm developers from our vetted pool of senior talent, get in touch by scheduling a call today.
