Hiring a full-time full‑stack developer typically costs about $7,000–$8,000 per month.

Adding a part‑time project manager brings the total to roughly $10,000–$12,000 per month in most setups, and up to $12,000–$15,000 per month if you also include some design or additional support.

Latin American developers typically cost 20–30% less than comparable US developers when all costs are included.

For BEON-style staffed roles (full‑time, all‑inclusive: salary, benefits, equipment, coworking, internet, coaching, and no separate recruiting fee):

These all‑in LATAM rates are roughly 30% below equivalent US total costs for similar seniority and quality. If you hire directly (without a provider) in LATAM, pure salary can be lower (e.g., $4,000–$6,000/month), but then you must add your own overhead for benefits, equipment, and management.

Hiring an AI automation specialist or consultant typically costs:

Very advanced AI profiles (e.g., deep computer vision or specialized AI agents) may land in the $10,000–$12,000+ per month range, depending on experience and market demand.

On top the engineer salary, you should budget for:

With BEON’s staff augmentation rates (e.g., around $7,500/month for a semi‑senior and $8,500–$9,000/month for senior engineers), labor costs, equipment, benefits like health insurance and internet stipends, are already included.

Staff augmentation gives you dedicated people who become part of your team and culture, while project-based development gives you a vendor that delivers a defined scope and then exits.

Key benefits of staff augmentation vs project-based development:

Project‑based development can be better when you have a tightly defined, one‑off scope and don’t need ongoing capacity, but it offers less control, less continuity, and less opportunity to turn external resources into a long‑term strategic team.

Hiring a HubSpot (mid‑level) developer through a staff‑augmentation model in LATAM typically costs about $7,500–$9,000 per month all‑in. This monthly rate includes the developer’s salary, benefits, and the vendor’s margin, with no separate upfront recruitment or replacement fees.

Hiring a full development team for an MVP typically costs around $20,000–$25,000 per month.

A common setup and cost breakdown is:

This puts a standard two-developer + QA + PM MVP team at roughly $25,000 per month in burn rate.

Between 2020 and 2022, software engineer salaries in Latin America surged and in many cases nearly doubled, driven by the remote-work boom and strong demand from U.S. companies paying in USD. Rates largely standardized across LATAM, with engineers benchmarking compensation in dollars rather than local currency. Since around 2025–2026, salaries have been readjusting downward, making LATAM talent highly competitive again.

QA engineers are cheaper than software developers in this model.

Hiring a mid-level full‑stack Ruby (Ruby on Rails) developer from a nearshore Latin American team typically costs about $7,000–$8,000 per month (roughly $80,000–$90,000 per year). This rate is all‑inclusive (salary, local taxes, and vendor margin) and is usually billed on a monthly basis with no extra fees on top.

Nearshore engineering in 2024 is typically priced as an all‑inclusive monthly fee per engineer:

Rates usually include salary, equipment (e.g., MacBook), benefits, PTO, payroll, and local taxes, with provider margins around 15–20% and no extra finder or replacement fees. Companies like BEON.tech follow this model for around 150 developers spread across all countries in LATAM.

Around 75–80% of the monthly rate goes directly to the developer, and the company keeps roughly a 20–25% gross margin, out of which it pays for equipment (e.g., new MacBook Pro or equivalent PC), benefits, local labor costs, and career/retention programs.