Mexico  Minimum Wage, Labor Law, and Employment Data Sheet Mexico Minimum Wage Rate 2024

Appx. Yearly Minimum Wage
$1,753.00 USD
Rank by Min. Wage
82 / 197
Gross National Product
$414,972.00 USD

Mexico has a government-mandated minimum wage, and no worker in Mexico can be paid less then this mandatory minimum rate of pay. Employers in Mexico who fail to pay the Minimum Wage may be subject to punishment by Mexico's government.

What is the Mexico Minimum Wage?

Mexico's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.

Mexico's daily minimum wage rate is set annually by law and determined by zone. The minimum wage rate are 73.04 Mexican pesos daily. Mexico's minimum wage was last changed in 1-Jan-2016.

How does Mexico's minimum wage compare to the minimum wage in other countries?

Mexico's yearly minimum wage is $1,753.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 82 countries with a higher Minimum Wage then Mexico, and Mexico is in the top 42 percent of all countries based on the yearly minimum wage rate.

Facts and statistics about Mexico

Mexico is a country located in the Central America region with a population of 98,881,000 and an average life span of 71.5 years.

Local Name México
Gross National Product $414,972.00
Government Type Federal Republic
Current Leader Vicente Fox Quesada
Independence Year 1810
Continent & Region North America, Central America
Surface Area 1,958,201 square kilometers
ISO 3166 Country Code MX

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