The Cost of Hiring Software Developers in Latin America [2021]
It’s no surprise that North American companies are starting to see the value in hiring technical talent from Latin America. With thriving tech industries, large talent pools of skilled software developers, and proximity to the United States, the region offers many benefits for companies looking to extend their development teams through better, cost-effective hiring solutions.
So how much does it cost to hire a pre-vetted software developer from Latin America? And how does it compare to other regions around the globe? We’ve gathered and analyzed data from the 21,000+ profiles in our network of software developers to answer these questions. In this article, we’ll explore the hourly costs broken down by country, region, and skill to give you a better understanding of the market. We’ll also share our insights from more than 10 years of experience in the staffing industry to provide you with an accurate look into hiring vetted software developers in 2021.
Cost of Developers in Latin America vs. Global Regions
Let’s start by looking at the costs of hiring pre-vetted developers in Latin America versus other global regions. We analyzed the hourly rates from 16 different geographic locations to see how LATAM stacks up.
Hourly rates per global region:
Across all software roles and skill levels, developers from the U.S. have the highest hourly rates that range from $57.50–85 per hour. It’s worth noting that this is simply the country-wide average and that rates in markets like San Francisco and New York are significantly higher. Canada and Western Europe take second and third place with ranges of $60–80 and $50–81 per hour, respectively. After that, hourly rates dip about 20% to $45–65 in both Eastern Europe and Latin America.
Traditionally, Southern Asia and Eastern Europe have been go-to destinations for companies looking to hire…
