What is the minimum wage in Mexico?

The minimum wage in Mexico for 2024 varies depending on the geographic location and the specific work performed:

  • Whole Country (excluding Free-Trade Zones):
    The minimum wage is MXN 248.93 per day. This rate applies to most of the country.

  • Free-Trade Zone (FTZ):
    In Free-Trade Zones, the minimum wage is higher, set at MXN 374.89 per day.


For more details and specific regulations, refer to the Wage Indicator - Mexico.


Monthly Wage Calculation

When calculating monthly wages based on an hourly rate, the following formula is used:

  • Monthly Wage = Hourly Rate × Standard Hours per Week × 4.33

This calculation assumes a standard workweek and ensures that wages are consistent on a monthly basis, accounting for variations in the number of days in different months.

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