Mexico
#40 globallyLatin AmericaAverage salary: $16,000/year · Currency: MXN MX$
Mean Annual Salary
$16,000
gross USD
Median Annual Salary
$12,000
gross USD
GDP per Capita
$10,046
current USD
PPP Factor
×0.45
vs USD base
Tax Breakdown at Median Salary
Detailed DataTake-Home (Net) Annual
$10,541
Effective Tax Rate
12.2%
* Based on median salary of $12,000. Uses official tax brackets. Consult a tax professional for accurate calculations.
Estimated Salaries by Job in Mexico
Surgeon
Psychiatrist
Doctor / Physician
Investment Banker
Cloud Architect
AI/ML Engineer
Dentist
Judge
Product Manager
Actuary
* Estimates based on global median · actual salaries vary
🇲🇽 Mexico Economic Overview
Currency
MXN (MX$)
Region
Latin America
Population
128.0M
Gini Coefficient
0.458
Cost of Living Index
45 (US=100)
Tax Data Available
Yes (Detailed)
Salary vs Global Benchmarks
Latin America Comparison
Global Ranking
out of 117 countries
by average salary
About Salaries in Mexico
The average annual salary in Mexico is approximately $16,000 (gross, in USD), with a median of $12,000. The country ranks #40 out of 117 countries by average salary.
At the median salary, workers in Mexico take home approximately $10,541 after taxes — an effective tax rate of 12.2%. The purchasing power parity factor of ×0.45 means that in real terms, living costs are lower than in the United States.
Mexico is located in the Latin America region. Income inequality, measured by the Gini coefficient, is 0.458 (high inequality).