Average Salary in Mexico 2024

Are you curious about salary in Mexico? This informative article explores various aspects such as pay scales, wage gaps, yearly increments, and the breakdown over education levels or years of experience. Gain valuable insights about the salary landscape in Mexico, and discover how different factors may impact your earning potential in this dynamic country. Stay informed, stay ahead!
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Mexico in 2024?

What is the average salary in Mexico in 2024?
1,000USD
(USD 12,000 yearly)
Low 450 USD
Average 1,000 USD
High 4,400 USD
For individuals working in Mexico, the average salary amounts to USD 1,000 per month. Yet, there is notable variability, with salaries ranging from USD 450 (lowest average) to USD 4,400 (highest average, actual maximum salary is higher). Take into account that these figures incorporate housing, transport, and other benefits. Across various professions, there exist significant differences in salary scales. To find out the salaries for specific job titles, please refer to the information below.
In comparison with average salary in Mexico in 2023, salaries changed by +0.6% so far. Looking ahead, economists project a gradual recovery in the job market. We will be able to fully compare 2023 and 2024 at the year's end.

Pay Scale and Salaries in Mexico

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 4,400, 75% of the people earn USD 1,400 or less. 50% employees earn less USD 970 or less, 25% of the employees earn less than USD 730.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 4,400, 75% of the people earn USD 1,400 or less. 50% employees earn less USD 970 or less, 25% of the employees earn less than USD 730.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Mexico the minimum salary is USD 450.

Median Salary

Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries. In Mexico the median salary is USD 790.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Mexico the salary ranges from USD 450 to USD 4,400.

Annual Salary Increments in Mexico

What is the average annual salary increment in the Mexico? How frequently do employees receive salary raises?

During 2024, Mexico recorded an average salary increment of around 0.6% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
The year 2024 saw employees in Mexico receiving an average salary increment of 0.6%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.6%.

Historical Graph of Annual Salary Increments in Mexico

Employees based in Mexico have experienced a salary increase averaging 3.8% per year in recent years. This translates to a range of 0.6% to 7.0% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
The average yearly salary increase for employees in Mexico over the past years ranged from 0.6% to 7.0%. On average, this represents a 3.8% increment per year.

Salary Forecast and Trends for the Future in Mexico

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 1.7%. Estimated range is between 0.9% and 2.6%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 1.7%. Estimated range is between 0.9% and 2.6%.

Gender Wage Gap in Mexico

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Mexico has an actual wage gap of 16.7%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in Mexico is 16.7%.
It's due to many factors, such as:
  • Unequal treatment based on gender.
  • On average, women take 10% extra days of paid vacation per year compared to men.
  • Women are underrepresented when it comes to having a college degree compared to men.
  • In the realm of caregiving responsibilities for children and elderly relatives, women are more predisposed than men to take them on.
  • The majority of part-time workers are women, and they typically earn less than those in full-time positions.
  • Women are more likely to work in lower-paying occupations than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

The completion of high school and the acquisition of a bachelor's degree offer a myriad of benefits. Above all, it greatly enhances career prospects, resulting in higher earning potential and expanded job possibilities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and earning a bachelor's degree comes with a plethora of benefits. First and foremost, it significantly enhances career opportunities, allowing for higher income potential and greater access to diverse job prospects. Beyond financial rewards, pursuing a bachelor's degree promotes personal growth, cultivates critical thinking skills, and provides the chance to specialize in a specific area of interest. Additionally, it facilitates valuable networking opportunities and fosters the development of a global mindset. Ultimately, the journey from high school to a bachelor's degree is a transformative experience that unlocks a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. showcases extraordinary dedication to expanding the frontiers of knowledge and achieving a fulfilling and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of close to 7%-11%. Expertise and leadership receive higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 7%-11%. Expertise and leadership yield higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Mexico

What is the average hourly wage in the Mexico?

Average Hourly Wage
6USD
Low 3 USD
Average 6 USD
High 26 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Hourly wages may result in irregular or fluctuating income, making it challenging to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks commonly linked to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disturb work-life balance and make it challenging to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity can be heightened in hourly positions due to their vulnerability to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Within the organization, a few hourly jobs may present limited opportunities for career growth, professional development, or upward mobility.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Mexico

What are the best paying jobs in Mexico?

List with best paid jobs in MexicoDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Mexico?

  1. Surgeon (USD 4,400)
  2. Doctor (USD 4,000)
  3. Chief Executive Officer (CEO) (USD 3,800)
  4. Registered Nurse Anesthetist (USD 3,700)
  5. Dentist (USD 3,500)
  6. Airline Pilot (USD 3,400)
  7. Intellectual Property Lawyer (USD 3,300)
  8. Marketing Manager (USD 2,900)
  9. Marketing Director (USD 2,900)
  10. Sales Director (USD 2,800)
  11. Sales Manager (USD 2,800)
  12. Petroleum Engineer (USD 2,700)
  13. Brand Manager (USD 2,700)
  14. Marketer (USD 2,700)
  15. Judge (USD 2,600)
  16. Treasurer (USD 2,600)
  17. Controller (USD 2,600)
  18. Pharmacist (USD 2,500)
  19. Tax Lawyer (USD 2,500)
  20. Lawyer (USD 2,500)
List with worst paid jobs in MexicoDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Mexico?

  1. Cashier (USD 470)
  2. Childcare Worker (USD 500)
  3. Stock clerk (USD 500)
  4. Elder Care Worker (USD 510)
  5. Receptionist (USD 520)
  6. Bartender (USD 570)
  7. Food and beverage server (USD 570)
  8. Janitor (USD 580)
  9. Waiter (USD 590)
  10. Tour Guide (USD 590)
  11. Customer Service Representative (USD 710)
  12. Hotel Concierge (USD 720)
  13. Rehabilitation Counselor (USD 730)
  14. Travel Agent (USD 790)
  15. Secretary (USD 810)
  16. Painter (USD 840)
  17. Carpenter (USD 870)
  18. Bus Driver (USD 890)
  19. Artist (USD 900)
  20. Truck Driver (USD 910)
List with best paid industries in MexicoDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 2,800)
  2. Business and Management (USD 2,400)
  3. Marketing and Sales (USD 2,200)
  4. Engineering (USD 2,000)
  5. Law (USD 1,900)
  6. Accounting and Finance (USD 1,900)
  7. Computer and Information Technology (USD 1,900)
  8. Transportation and Logistics (USD 1,800)
  9. Science (USD 1,800)
  10. Education and Training (USD 1,500)
  11. Other (USD 1,100)
  12. Hospitality and Tourism (USD 920)
  13. Social Services (USD 760)
  14. Services (USD 690)