What Is the Average Income in Mexico?
The average disposable income in Mexico, after net adjustment, is $12,850 per year, with around 61 percent of people aged 15 to 64 in paid employment. Compared to many other countries such as the United States, which has an average net adjusted income of $23,938, the average income is low. A large gap exists between the richest and poorest members of Mexican society.
Job Availability and the Mexican Economy
Overall job availability in Mexico is slightly lower than the global average and hours are much longer, as reported in the Better Life Index published by the Organization for Economic Co-operation and Development. The average amount of working hours per year amounts to 2,226, which is much higher than the global average of 1,765 hours per year.
However, Mexico’s level of economic freedom is 66.8, which is slightly higher than the global average of 60.3, as stated by the Index of Economic Freedom. The Mexican economy in general has continued to advance and grow, with trade in particular seeing many benefits and increased freedoms.
Despite lower wages, longer hours and less access to education, Mexicans in general have a higher level of life satisfaction than many other countries, with 82 percent claiming they have more positive daily experiences than negative ones, compared to the global average of 76 percent.
