What is the average income in mexico

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Malta USD. Mauritius USD. Mexico USD. Moldova USD. Mongolia USD. Montenegro USD. Nepal USD. Netherlands USD. New Zealand USD. The income is representative of employees in area 2C. Employees include both men and women unless otherwise noted. The deductions include social security and income tax. The deductions are representative of single-earner-married-without-child status, and take into account family benefits in terms of cash transfers.

The hours by job and by sector correspond to the hours actually worked. The hours by job are representative of area 2C.

Personal Average Income : annual, per capita, incl. Consumption Expenditure : annual, per capita, incl. Source: International Labour Organization [9].

Workforce Size : Population : Compulsory Deductions : 7. Source: OECD Tax Database [k], , combined deductions including family allowances in terms of cash transfers on a gross monthly salary income of 6, pesos. Vacation Time : 7 days per year legally required minimum vacation time [e]. Inflation : PPP Exchange Rate : 6. Nominal Exchange Rate : 9. Cost of Living : 0. References [9] International Labour Organization. Compilation of average salary income worldwide.

Classified by country, by employment category, and by gender. Annual database providing comparative information on personal and corporate income tax and consumption tax systems and rates in OECD countries since Information on social security contributions levied on employees and their employers is also reported.

Social Security Administration. Mexico: Selected Internet Resources , U. Library of Congress. Search World Salaries: Enter your search terms Web worldsalaries. For instance, items manufactured in Mexico can be quickly shipped and transported to the US at lower costs. Mexico also allows duty-free imports from the US in its free trade zones — you can import raw materials in the duty-free zone without paying any income tax for them.

Additionally, the government will provide you with real estate at a low rate if you create enough jobs for locals. With a population of over million, Mexico is the second-largest economy in Latin America after Brazil. Mexico offers a large talent pool of call center agents, having excellent English and Spanish speaking abilities. The geographical proximity and similar time zones of Mexico to the US make it easier to cater to US time zones. Additionally, an individual working in customer service or call center operations in Mexico usually earns around 22, MXN per month USD The Mexican government has put STEM Science, Technology, Engineering, and Mathematics education at the center of its efforts to promote jobs in the technical department.

It has also made technological infrastructure improvement a national priority. Moreover, the shortage of technical talent in the US has driven up software development costs. You can also streamline processes by outsourcing your payroll and recruitment operations to Mexico. The delegation of payroll and recruitment services through a third party also known as Professional Employer Organization is common among US-based companies.

A foreign company hiring Mexican workers through Professional Employer Organization PEO must comply with social security and tax obligations. Some of these obligations include Christmas bonuses and free health care for your employees, irrespective of the job title.

The low labor costs and low cost of raw materials in Mexico are two major reasons for outsourcing to Mexico. Due to lower living expenses, employee salaries in Mexico are only a fraction of the average labor cost in the United States. North American companies can experience smoother travel, transportation, and communication with their Mexican operations. In most cases, the work hour timings of the Mexican employees match the standard work hours of the employees from North America — making collaboration a lot easier.