How Much Does it Cost to hire a Software Developer in 2024?
The cost of hiring a software developer in 2024 varies significantly depending on location, experience, and specialization. In the U.S., developers typically earn between $80,000 and $150,000 annually, while in Latin America, the range is lower, from $30,000 to $60,000. Freelancers may charge anywhere from $50 to $150 per hour based on their expertise.
Braintly offers solutions to reduce hiring costs by up to 60% compared to U.S. rates. Their nearshore staff augmentation provides highly skilled software engineers from Latin America who are culturally aligned with U.S. teams. They also offer a software development subscription model that streamlines project execution with top 1% LATAM talent.
Key factors affecting the cost include region, experience level, specialization, and employment type. Hiring developers in Latin America is a cost-effective strategy, offering high-quality talent at more affordable rates, making it an attractive option for companies aiming to lower expenses without sacrificing quality.
Want to learn more? Read the full article on Braintly’s blog: