The minimum wage in Mexico varies depending on the geographic location and the specific work performed:
Whole Country (excluding Free-Trade Zones):
The minimum wage is MXN 315.04 per day. This rate applies to most of the country.Free-Trade Zone (FTZ):
In Free-Trade Zones, the minimum wage is higher, set at MXN 419.88 per day.
For more details and specific regulations, refer to the Wage Indicator - Mexico.
Monthly Wage Calculation
When calculating monthly wages based on an hourly rate, the following formula is used:
Monthly Wage = Hourly Rate × Standard Hours per Week × 4.33
This calculation assumes a standard workweek and ensures that wages are consistent on a monthly basis, accounting for variations in the number of days in different months.