Monthly minimum wage in Mexico
Mexico: Monthly minimum wage was 6,467 in 2024. ◆ Volatile
Monthly minimum wage in Mexico, 1995–2024
Source: International Labour Organization.
Analysis
Mexico recorded 6,467 for monthly minimum wage in 2024. That is the highest value across all 30 years on record.
The figure is up 20.0% on the previous year and up 279.3% over ten years.
Over the whole period, monthly minimum wage in Mexico peaked at 6,467 in 2024 and was at its lowest, 435, in 1995.
Mexico ranks 74th of 173 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage in Mexico, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 435 | — |
| 1996 | 632 | +45.3% |
| 1997 | 632 | +0.0% |
| 1998 | 830 | +31.3% |
| 1999 | 830 | +0.0% |
| 2000 | 913 | +10.0% |
| 2001 | 977 | +7.0% |
| 2002 | 1,033 | +5.7% |
| 2003 | 1,080 | +4.5% |
| 2004 | 1,125 | +4.2% |
| 2005 | 1,176 | +4.5% |
| 2006 | 1,223 | +4.0% |
| 2007 | 1,271 | +3.9% |
| 2008 | 1,322 | +4.0% |
| 2009 | 1,383 | +4.6% |
| 2010 | 1,450 | +4.9% |
| 2011 | 1,509 | +4.1% |
| 2012 | 1,579 | +4.6% |
| 2013 | 1,641 | +3.9% |
| 2014 | 1,705 | +3.9% |
| 2015 | 1,822 | +6.9% |
| 2016 | 1,899 | +4.2% |
| 2017 | 2,297 | +21.0% |
| 2018 | 2,297 | +0.0% |
| 2019 | 2,669 | +16.2% |
| 2020 | 3,204 | +20.0% |
| 2021 | 3,684 | +15.0% |
| 2022 | 4,495 | +22.0% |
| 2023 | 5,389 | +19.9% |
| 2024 | 6,467 | +20.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 671.8 | 435 | 830 | 5 |
| 2000s | 1,150 | 913 | 1,383 | 10 |
| 2010s | 1,887 | 1,450 | 2,669 | 10 |
| 2020s | 4,648 | 3,204 | 6,467 | 5 |
Countries ranked near Mexico
- 71 Philippines 8,302 compare
- 72 Nicaragua 7,693 compare
- 73 Seychelles 6,628 compare
- 75 Republic of Moldova 6,300 compare
- 76 Egypt 6,000 compare
- 77 Israel 5,880 compare
More work & labour data for Mexico
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.5786 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.5539 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.6038 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.41 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.5363 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 144,910 1000 No (2050)
- Population - Est. & Proj. — Rural population 19,369 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 65,616 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 64,633 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 130,249 1000 No (2100)
Frequently asked questions
- What is monthly minimum wage in Mexico?
- Monthly minimum wage in Mexico was 6,467 in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Mexico?
- The highest recorded value was 6,467 in 2024.
- What is the lowest monthly minimum wage recorded in Mexico?
- The lowest recorded value was 435 in 1995.
- How does Mexico rank for monthly minimum wage?
- Mexico ranks 74th out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Mexico?
- Over the last ten years it is up 279.3%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from International Labour Organization, published as part of Monthly minimum wage. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.