Wages in Mexico increased to 621.89 MXN/Day in April from 619.29 MXN/Day in March of 2025. This dataset provides - Mexico Average Daily Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The minimum wage per day guaranteed by law in Mexico was decreed to increase by approximately 12 percent between 2024 and 2025, reaching 278.8 Mexican pesos in 2025. The Northern Free Zone located near the northern border was the exception, where the minimum daily wage increased to 419.88 Mexican pesos. Education and income disparity The income distribution is entirely a new story than minimum wages, in fact, there are many factors that influence the level of salaries for Mexican workers. One of the main differences is by the number of schooling years, someone with more than 18 years of study earns on average double than employees with seven to nine years. Moreover, the area of study, while statistics and finance mean salaries, the highest wages by degree, are above 30,000 Mexican pesos per month, others such as performing arts and theology rank as the lowest paying degrees in Mexico.
Poverty still among the main problems
Despite one of the main reasons for minimum wage increases being moving people out from poverty conditions, poverty continues to be one of the main problems Mexican society faces. The number of people living under poverty conditions has decreased by 8.54 million inhabitants from 2014 to 2022, nonetheless, the figure is still higher than 46.5 million. The poverty rate varies among states, with Chiapas leading the ranking with 67.4 percent of the population under such conditions, while both Baja California and Baja California Sur recorded less than 14 percent.

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

• 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

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 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.

Mexico Daily Salary: Mining and Quarrying data was reported at 618.769 MXN in Mar 2019. This records an increase from the previous number of 610.305 MXN for Feb 2019. Mexico Daily Salary: Mining and Quarrying data is updated monthly, averaging 345.422 MXN from Jan 2000 (Median) to Mar 2019, with 231 observations. The data reached an all-time high of 628.014 MXN in Aug 2018 and a record low of 137.122 MXN in Feb 2000. Mexico Daily Salary: Mining and Quarrying data remains active status in CEIC and is reported by Mexican Social Security Institute. The data is categorized under Global Database’s Mexico – Table MX.WB005: Employment and Wage. Refers to salary of insured workers. Because the IMSS offical employment statistics refers to insured workers, the amount of salary is associated with this group of workers from March 2013.

Among the surveyed job positions in the Mexican service sector, the activities requiring more theoretical knowledge such as the position of graphic journalist and reporters in printed newspapers presented the highest wages in the list, with an average of 248.09 Mexican pesos a day in 2019. On the other hand, manual laborers such as maids and employees working in gondolas had the lowest wages, with an average of 104.64 Mexican pesos a day.

During the time shown, the average monthly wage in the Mexican state of Jalisco has experienced a general positive trend with the highest value recorded in the second quarter of 2023 with 6.260 Mexican pesos.

In June 2024, the highest standard minimum daily wage insured employees in Mexico was registered by the electrical industry and water supply sector with over a thousand Mexican pesos. Followed by the extractive industries with 1147.52 Mexican pesos for the average minimum wage. In contrast, the lowest sector counts with an average daily wage of 401.11 Mexican pesos for agriculture.

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.

During the third quarter of 2024, the average monthly wage of formal employees in Jalisco, Mexico was around 7,294 Mexican pesos, while those working in the shadow economy earned around1,700 pesos less.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2025, workers in the Central American country enjoy a basic monthly wage of over 726 U.S. dollars, an increase of 2.37 percent compared to the previous year. They also earn over 200 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than 2.50 dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

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.

Graph and download economic data for Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Mexico (MEXCCUSMA02GYQ) from Q1 1960 to Q4 2023 about Mexico, exchange rate, currency, rate, and USA.

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.

Graph and download economic data for Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Mexico (CCUSMA02MXA618N) from 1957 to 2024 about Mexico, exchange rate, currency, and rate.

Mexico: Unemployment rate: The latest value from 2023 is 2.81 percent, a decline from 3.26 percent in 2022. In comparison, the world average is 6.99 percent, based on data from 178 countries. Historically, the average for Mexico from 1991 to 2023 is 3.97 percent. The minimum value, 2.6 percent, was reached in 1999 while the maximum of 7.09 percent was recorded in 1995.

Global interest rate (net - net), for other interest rate swaps, mexican peso, total (all currencies), total (all maturities), total (all counterparties), All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), turnover - notional amounts (daily average)

Mexico: Unemployment rate forecast: The latest value from 2030 is 3.58 percent, a decline from 3.59 percent in 2029. In comparison, the world average is 6.28 percent, based on data from 100 countries. Historically, the average for Mexico from 1980 to 2030 is 3.76 percent. The minimum value, 0.9 percent, was reached in 1981 while the maximum of 6.23 percent was recorded in 1995.

Labor cost index in Mexico, March, 2025 The most recent value is 159.61 index points as of March 2025, a decline compared to the previous value of 164.62 index points. Historically, the average for Mexico from January 2008 to March 2025 is 97.77 index points. The minimum of 58.09 index points was recorded in February 2008, while the maximum of 203.32 index points was reached in December 2024. | TheGlobalEconomy.com