In 2023, the average wage in Mexico achieved its highest level since 2009, amounting to around 20,090 U.S. dollars per year. Moreover, the average annual wage increased for the third consecutive year. Employment conditions In light of the crucial role that employment plays as a primary source of income, perceiving their working conditions to be poor, a sentiment held by nearly half of Mexico's workforce. Furthermore, the distribution of working hours skews towards non-monetarily compensated positions, particularly impacting the female demographic on households. This imbalance poses challenges to sustaining motivation. Informal employment also exhibits a higher prevalence among females, presenting regulatory complexities. Furthermore, a perceived gender-based disparity in employment opportunities subsists, amplifying the overarching concerns. As these factors coalesce, one out of every two individuals' harbors apprehensions about potential job loss. Salaries vs. Life expenses In 2023, the minimum wage has witnessed a considerable increase. Nevertheless, it continues to fall short of meeting essential living costs. Calculations indicate that a worker should ideally earn at least twice the amount of the latest increment to adequately cover these necessary expenses. A significant portion of the population—approximately one-third—finds itself residing beneath the threshold of basic food basket expenses. Consequently, Mexico ranks as the country where grocery expenses constitute the highest percentage of earnings. Furthermore, this predicament disproportionately impacts women, as they are often remunerated at lower wage rates.

Wages in Mexico decreased to 278.93 MXN/Day in May from 621.89 MXN/Day in April of 2025. This dataset provides - Mexico Average Daily Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average size of households in Mexico City was about **** people in 2020. The household size fell by approximately **** people from 2000.

As of the third quarter of 2024, in Mexico, Nuevo León and Mexico City reported the highest average monthly salary, reaching over ****** Mexican pesos each. Additionally, Baja California Sur and Baja California ranked third and fourth in terms of highest incomes, with an average monthly salary of ****** and ****** Mexican pesos, respectively.

In Mexico as of the third quarter of 2023, there was a higher standard monthly wage for the male population with 8,473 Mexican pesos, while women got 7,281 MXP. Thus, the male population got a higher income around 16 percent more than the female population.

Mexico Average House Price: Puebla data was reported at 1,155,664.000 MXN in Mar 2019. This records an increase from the previous number of 940,177.000 MXN for Dec 2018. Mexico Average House Price: Puebla data is updated quarterly, averaging 844,101.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 1,155,664.000 MXN in Mar 2019 and a record low of 665,014.000 MXN in Dec 2014. Mexico Average House Price: Puebla data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Key information about Mexico Household Income per Capita

• Mexico Annual Household Income per Capita reached 3,690.156 USD in Dec 2022, compared with the previous value of 2,639.778 USD in Dec 2020.
• Mexico Annual Household Income per Capita data is updated yearly, available from Dec 2006 to Dec 2022, with an averaged value of 3,322.376 USD.
• The data reached an all-time high of 4,169.817 USD in Dec 2008 and a record low of 2,639.778 USD in Dec 2020.
• In the latest reports, Retail Sales of Mexico grew 4.584 % YoY in Apr 2023.

CEIC calculates Annual Household Income per Capita from Quarterly Average Household Income per Capita multiplied by 4 and converts it into USD. The National Institute of Statistics and Geography provides Average Household Income per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Wages in Manufacturing in Mexico increased to 4 USD/Hour in April from 3.90 USD/Hour in March of 2025. This dataset provides - Mexico Average Wages in Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mexico: Average hours worked per year: The latest value from 2023 is 2206.63 hours, a decline from 2226.38 hours in 2022. In comparison, the world average is 1640.82 hours, based on data from 36 countries. Historically, the average for Mexico from 2005 to 2023 is 2237.31 hours. The minimum value, 2206.63 hours, was reached in 2023 while the maximum of 2284.32 hours was recorded in 2005.

Average Household Size data was reported at 3.700 Person in 2015. This records a decrease from the previous number of 3.900 Person for 2010. Average Household Size data is updated yearly, averaging 3.950 Person from Dec 2000 (Median) to 2015, with 4 observations. The data reached an all-time high of 4.300 Person in 2000 and a record low of 3.700 Person in 2015. Average Household Size data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H014: Average Household Size.

Mexico CETES Weighted Average Yield: 28 Days data was reported at 8.020 % pa in Mar 2019. This records an increase from the previous number of 7.930 % pa for Feb 2019. Mexico CETES Weighted Average Yield: 28 Days data is updated monthly, averaging 8.500 % pa from Jan 1982 (Median) to Mar 2019, with 447 observations. The data reached an all-time high of 157.630 % pa in Jan 1988 and a record low of 0.000 % pa in Jan 1985. Mexico CETES Weighted Average Yield: 28 Days data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M003: Securities Yield.

Key information about Mexico Monthly Earnings

• Mexico Monthly Earnings stood at 908 USD in Feb 2025, compared with the previous figure of 902 USD in Jan 2025
• Mexico Monthly Earnings data is updated monthly, available from Jan 2000 to Feb 2025, with an average number of 578 USD
• The data reached the an all-time high of 1,045 USD in May 2024 and a record low of 411 USD in Feb 2000

CEIC calculates Monthly Earning from Average Daily Quote Salaries multiplied by 30 and converts it into USD. Secretary of Labor and Social Security provides Average Daily Quote Salaries in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Further information about Mexico Monthly Earnings

• In the latest reports, Mexico Population reached 132 million people in Dec 2024
• Unemployment Rate of Mexico increased to 3 % in Jan 2025
• The country's Labour Force Participation Rate increased to 59 % in Jan 2025

As of the third quarter of 2024, the Mexican population receiving an average monthly salary recorded the lowest amount for the females aging 75 years or more with ***** Mexican pesos. On the other hand, the topmost value was for the males between 35 and 44 years with ***** pesos.

Mexico UDIBONOS Average Yield: 3 Years data was reported at 4.160 % pa in Mar 2019. This records a decrease from the previous number of 4.180 % pa for Feb 2019. Mexico UDIBONOS Average Yield: 3 Years data is updated monthly, averaging 2.345 % pa from May 1996 (Median) to Mar 2019, with 166 observations. The data reached an all-time high of 8.610 % pa in Jul 1996 and a record low of 0.400 % pa in Oct 2013. Mexico UDIBONOS Average Yield: 3 Years data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M003: Securities Yield.

Mexico Minimum Wage: Daily: Weighted Average of the 3 Geographic Area data was reported at 102.680 MXN in Mar 2019. This stayed constant from the previous number of 102.680 MXN for Feb 2019. Mexico Minimum Wage: Daily: Weighted Average of the 3 Geographic Area data is updated monthly, averaging 10.787 MXN from Jan 1964 (Median) to Mar 2019, with 663 observations. The data reached an all-time high of 102.680 MXN in Mar 2019 and a record low of 0.018 MXN in Dec 1965. Mexico Minimum Wage: Daily: Weighted Average of the 3 Geographic Area data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.G040: Minimum Wage and Wage Index.

Average Years in School: Population: 15 Years & Above: Female: Mexico data was reported at 9.930 Year in 2020. This records an increase from the previous number of 9.300 Year for 2015. Average Years in School: Population: 15 Years & Above: Female: Mexico data is updated yearly, averaging 9.090 Year from Dec 2000 (Median) to 2020, with 4 observations. The data reached an all-time high of 9.930 Year in 2020 and a record low of 7.690 Year in 2000. Average Years in School: Population: 15 Years & Above: Female: Mexico data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.G016: Education Statistics: Age 15 and Above.

Graph and download economic data for Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Mexico (CCUSMA02MXQ618N) from Q1 1957 to Q1 2025 about Mexico, exchange rate, currency, and rate.

UIS: Mean years of schooling (ISCED 1 or higher), population 25+ years, female in Mexico was reported at 8.7883 Years in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - Mean years of schooling of the population age 25+. Female - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Canada Foreign Exchange Rate: Daily Average: Mexican Peso data was reported at 0.070 MXN/CAD in Apr 2025. This records a decrease from the previous number of 0.071 MXN/CAD for Mar 2025. Canada Foreign Exchange Rate: Daily Average: Mexican Peso data is updated monthly, averaging 0.069 MXN/CAD from Jan 2017 (Median) to Apr 2025, with 100 observations. The data reached an all-time high of 0.081 MXN/CAD in Apr 2024 and a record low of 0.058 MXN/CAD in Apr 2020. Canada Foreign Exchange Rate: Daily Average: Mexican Peso data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M014: Foreign Exchange Rate.

Mexico CETES Average Yield: 364 Days data was reported at 8.070 % pa in Mar 2019. This records a decrease from the previous number of 8.200 % pa for Feb 2019. Mexico CETES Average Yield: 364 Days data is updated monthly, averaging 8.195 % pa from Nov 1990 (Median) to Mar 2019, with 332 observations. The data reached an all-time high of 48.020 % pa in Mar 1995 and a record low of 3.010 % pa in Aug 2014. Mexico CETES Average Yield: 364 Days data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M003: Securities Yield.