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SALARY PAYMENT IN Mexican Peso (MXN, $)
CONTRACT LANGUAGES Spanish / English
PAYROLL TAX 36.69% – 43.72%
PAYROLL CYCLE Bi-weekly
TIME TO HIRE 12 hours
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180+ countries
Mexico
Mexico’s general minimum wage in 2022 was $21.50 pesos per hour. By 2023, Mexico plans to raise the general minimum wage by 20% to $25 pesos per hour.
Mexico’s minimum wage can have regional variations. For example, the Northern Border Zone, which is any municipalities in Mexican states that border the U.S., has a higher minimum wage than the rest of Mexico. In 2022, Northern Border Zone minimum wage was $32 pesos an hour. This is $11 pesos more per hour than the general minimum wage.
Mexico’s minimum wage has increased in the last 5 years. Minimum wage in the last 5 years is as follows:
| Date | Min. wage, hourly rate (Peso) |
|---|---|
| 2023 | $25.00 pesos per hour |
| 2022 | $21.50 pesos per hour |
| 2021 | $17.62 pesos per hour |
| 2020 | $15.37 pesos per hour |
| 2019 | $12.75 pesos per hour |
Mexico is bordered by Guatemala and Belize in the south. Guatemala minimum wage is about $1.40 USD per hour. Belize minimum wage is $1.64 USD per hour.
Compared to Mexico this is on par. When converted to USD, minimum wage in Mexico is $1.26 USD per hour.
The US borders Mexico in the north, and minimum wage in the US is dependent upon the state you work in. For example, Texas minimum wage is $7.25 USD per hour. In Arizona, another bordering state of Mexico, minimum wage is $12.80 USD per hour. Lastly, and on the high end, California is $14 USD per hour.
No, foreign workers and non-foreign workers have the right to the same minimum wage requirement.
Your business can easily hire employees in Mexico without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
The median salary in Mexico is around $120 pesos an hour. Compared to $25 pesos per hour as the minimum wage.
Hiring skilled employees close to the minimum wage in Mexico can be difficult. It is recommended to offer closer to the median wage to recruit highly skilled employees.
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71 Robinson Road #13-153
068895, Singapore
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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