What Are the Hourly Rates for Developers in 2024 Based on Technology and Experience?

You have decided to go offshore and outsource your business projects. But first and foremost, you need to create a plan and calculate the costs. Is hiring offshore developers even worth it?

Of course! In fact, you’ll find that the cost of onboarding offshore software developers is much lower than if you were to hire engineers locally. But still, it would be good if you had a rough idea of the costs of hiring offshore developers and which country has the lowest costs.

In this post, we’ll go through the hourly rates for offshore developers in 2024 country by country. We will take a closer look at Asia, Poland, South America and Ukraine.

By the time you finish reading this article, you will have a good idea of how much it will cost to hire offshore software developers for your company and which country has the experts you need.

So, let's get to it!

Hourly Earnings Compared by CountryIndia

This country has some of the best offshore development centres in the world. Indian developers are highly valued in the offshore software development space due to their excellent expertise and fantastic English skills. The country has very good education and is full of developers who are experts even in the most unique and uncommon niches. Plus, they have a great work ethic.

The best part?

These developers will cost you a fraction of what you would pay locally!

The hourly rates for Indian developers in 2024 are:

• Junior developers: $20-$40/hour
• Mid-level developers: $40-$60/hour
• Senior developers: $60-$100/hour

Poland

Poland is known as one of the top countries in Europe when it comes to hiring software offshore developers. Polish developers have excellent education and are experts when it comes to various niches and the newest technologies. The nation’s education puts a big emphasis on STEM (science, technology, engineering, and mathematics). It goes without saying, that the rates for these skilled professionals are also low compared to those in the West. Polish developers are also well known for being hard workers who pay attention even to the smallest details, guaranteeing that projects are top-notch and completed on time.

The hourly rates for Polish developers in 2024 are:

• Junior developers: $30-$50/hour
• Mid-level developers: $50-$75/hour
• Senior developers: $75-$130/hour

Ukraine

Similar to Poland, Ukraine has some of the best offshore software developers in Europe and the cost of hiring them is much lower when compared to most Western countries. Ukraine has a long-standing reputation for having excellent education with plenty of renowned universities. IT professionals in Ukraine are known for their fantastic problem-solving skills and you can rest assured that they are competent to tackle even the most demanding software projects without delays or problems.

The hourly rates for Ukrainian developers in 2024 are:

• Junior developers: $25-$45/hour
• Mid-level developers: $45-$70/hour
• Senior developers: $70-$120/hour

South America

Brazil, Argentina, Mexico and Colombia have some of the best offshore software developers in America. Plus the costs are much lower when compared to hiring developers in the US. These countries are becoming more and more popular as they advance and churn out more developers who are experts in the newest technologies. Also, the time zone of these countries is a big attribute for North American clients.

When it comes to hourly rates of South American developers in 2024, here's what you can expect:

• Junior developers: $30-$50/hour
• Mid-level developers: $50-$80/hour
• Senior developers: $80-$140/hour

Asia (excluding India)

Asian countries like China, Vietnam and the Philippines have been becoming more popular in the offshore scene. These countries boast a large pool of skilled offshore software developers and have been providing excellent solutions for software projects. The costs of hiring developers in these countries and very low. Asia has been continuously focusing on growing their tech education which only shows the amount of potential.

The hourly rates for Asian developers (excluding India) in 2024 are:

• Junior developers: $20-$35/hour
• Mid-level developers: $35-$55/hour
• Senior developers: $55-$90/hour

In Conclusion

So there you have it!

You now have the insights you need and can make an informed decision on hiring offshore software developers.

Keep in mind that each country is unique and apart from the cost, there are more factors to consider such as language skills or culture compatibility. But at least you have a rough idea of the costs which quite often is the biggest aspect.

So, go out there and get ready to make your mark in the tech industry. With the right developers on your team, nothing can stop you from dominating the software development marketplace!

And if you need help with hiring the right offshore developers for your team, make sure to reach out to us. At The Scalers, forming your perfect software team is our bread and butter. We help companies with every aspect of hiring from the initial interviews up to building your dream team.

What sets us apart is the numerous satisfied clients, great testimonials and our commitment to choosing the best offshore software developers for your organisation so that you have the free time to focus on other business priorities.

So, what are you waiting for? Get in touch with us today!

Source: https://www.zupyak.com/p/4099191/t/what-are-the-hourly-rates-for-developers-in-2024-based-on-technology-and-experience

At The Scalers, we help innovative global businesses build highly talented software development teams in Bangalore — the second largest tech ecosystem in the world.