In 2019, the average wage in Mexico achieved its highest level since 2009, amounting to around 18,000 U.S. dollars per year. In contrast, this value went down the following years, making 2022 the year with the lowest average wage since the onset of the analyzed period.
In light of the crucial role that employment plays as a primary source of income, perceiving their working conditions to be poor, a sentiment held by nearly half of Mexico's workforce. Furthermore, the distribution of working hours skews towards non-monetarily compensated positions, particularly impacting the female demographic on households. This imbalance poses challenges to sustaining motivation. Informal employment also exhibits a higher prevalence among females, presenting regulatory complexities. Furthermore, a perceived gender-based disparity in employment opportunities subsists, amplifying the overarching concerns. As these factors coalesce, one out of every two individuals' harbors apprehensions about potential job loss.
Salaries vs. Life expenses
In 2023, the minimum wage has witnessed a considerable increase. Nevertheless, it continues to fall short of meeting essential living costs. Calculations indicate that a worker should ideally earn at least twice the amount of the latest increment to adequately cover these necessary expenses. A significant portion of the population—approximately one-third—finds itself residing beneath the threshold of basic food basket expenses. Consequently, Mexico ranks as the country where grocery expenses constitute the highest percentage of earnings. Furthermore, this predicament disproportionately impacts women, as they are often remunerated at lower wage rates.
Average annual wage in Mexico from 2000 to 2022
(in U.S. dollars)
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OECD. (August 28, 2023). Average annual wage in Mexico from 2000 to 2022 (in U.S. dollars) [Graph]. In Statista. Retrieved December 03, 2023, from https://www.statista.com/statistics/812354/mexico-average-annual-wage/
OECD. "Average annual wage in Mexico from 2000 to 2022 (in U.S. dollars)." Chart. August 28, 2023. Statista. Accessed December 03, 2023. https://www.statista.com/statistics/812354/mexico-average-annual-wage/
OECD. (2023). Average annual wage in Mexico from 2000 to 2022 (in U.S. dollars). Statista. Statista Inc.. Accessed: December 03, 2023. https://www.statista.com/statistics/812354/mexico-average-annual-wage/
OECD. "Average Annual Wage in Mexico from 2000 to 2022 (in U.S. Dollars)." Statista, Statista Inc., 28 Aug 2023, https://www.statista.com/statistics/812354/mexico-average-annual-wage/
OECD, Average annual wage in Mexico from 2000 to 2022 (in U.S. dollars) Statista, https://www.statista.com/statistics/812354/mexico-average-annual-wage/ (last visited December 03, 2023)
Average annual wage in Mexico from 2000 to 2022 (in U.S. dollars) [Graph], OECD, August 28, 2023. [Online]. Available: https://www.statista.com/statistics/812354/mexico-average-annual-wage/