As the mobile app business continues to become a significant contributor to the digital economy with increasing mobile app revenue, more and more startups are entering the app business. But the principal question that crosses the mind of anyone considering to build an app is the app development cost.
Now, when coming to the question of app development cost, there are several different factors: the target platform, target audience market, app features and functions, development approaches, choice of development company or freelance developers and the country of development. All these factors can directly or indirectly influence the app development cost. Naturally, with so many factors into consideration, it isn’t easy to assess the cost of development for mobile apps.
Where should you head for hiring hourly developers?
Generally reputed development companies with a strong portfolio of successful startup apps are better-versed in the challenges and tricks to keep the development cost under check. In contrast, freelance developers or small development companies come with many hidden fees. So, it is not appropriate to take the so-called hourly rate for developers’ face value.
The hourly rate for developers and the overall development cost also depend upon the country and regions. For instance, in countries such as the USA, UK, Australia and Canada, an hourly developer’s hiring cost will be a lot higher. App developers in Belgium or Spain, in contrast, can offer a better price quote.
Just one-fifth of developers participating in a survey carried out by Stack Overflow prefer to call themselves developers. This happens because of the stark difference among developers in terms of earning. The median salary for an app developer in the US is much higher than developers in other countries.
As for the freelance developers, you can hire freelancers at $61-80/hr, but this also depends on the developer’s location, part-time or regular roles, engagement model, etc. Working with digital nomad developers can be an option provided you are in total control of how things come out. The difference between full time and freelance developers can also help decide the cost.
The understanding of hourly pricing model
This is the trendy and widely recommended pricing model for long-term app projects that involve less understanding of requirements and persistent specification changes. It remains the ideal one when you look for a transparent and utterly flexible pricing model.
As per this model, there will be a custom development team that will offer client services. The client will provide a monthly rate comprising all the developers’ monthly salary and overhead costs, such as administrative cost, infrastructure cost, and some management cost.
According to the survey carried out on the hourly rate that freelance mobile app developers get, freelance developers generally charge $61-80 per hour. Though it can vary as per locations, the development challenges involved, etc.?
How Much Cost do you need to bear for hiring an App Developer?
Finally, let’s face the cost considerations point-blank. The two principal concerns that always remain are the price and quality. These two considerations also depend on the project’s location and the hired developer.
Simultaneously, the ultimate cost of the app project doesn’t only depend upon the developer location. Many aspects are involved in the app type and its features and functions to the experience and portfolio of successful app projects.
An essential app that comes with templates, drop-down menu and inbuilt device storage takes an hourly rate of $80-160. A sophisticated data-centric app with robust backend, storage, data processing and visualization tools will take at least $$50-100. E-commerce app projects, messenger apps and games, all have different hourly rates for building the app.
The team size and the developer talent pool is decided based on the app type and complexity. Accordingly, the project can offer us an idea of the development cost. Native app development is expensive, and you need to target two different platforms with separate apps. The cross-platform apps by using the same codebase for both platforms can save cost.
There is another primary consideration. It is common knowledge that developers’ salary is not the only cost component when you hire developers. Apart from the difference in wage and remuneration among developers worldwide, there are significant differences in fees, taxes and administrative or management costs. These factors are also vital contributors to mobile app developers’ hourly hiring cost.
Mobile app developer’s hiring cost in the UK
There are profound differences with other countries when it comes to the UK. Every citizen in the UK enjoys a tax-free Personal Allowance amounting to £12,500 every year, and this component remains excluded irrespective of their salary.
The taxes in the UK are much higher than in the US. On the other hand, developers get less salary in the UK. This makes a larger financial constraint for the developers in the UK.
Focus on quality developers with a great portfolio
The best strategy to keep the development cost lower will be selecting the right developer talents for your project. It is essential to make sure they have the right expertise, experience and skills your app project needs.
In this respect, it is essential to understand the developers’ average salaries with various experience levels. Generally, a junior developer gets an average salary of $47,000/year while a software engineer with a medium level of experience and exposure gets $74,000/year and talented senior developers get $92,000/year.
Conclusion
From the above elucidation, it is clear how to make the right estimation for the hourly rate you need to pay to developers for your project. While the variable factors are too many, you need to focus on your project’s right cost considerations and elements without compromising on the quality parameters.
