Looking to hire a blockchain developer for your next big project? If you've narrowed your search to Latin America, Colombia, and Mexico, you will likely stand out as a top contender. Both countries are known for their skilled tech talent, competitive pricing, and growing blockchain ecosystems. But how do you decide between the two?
In this blog, we'll break down the key factors to help you make your decision. From cost and availability to language skills and cultural fit, we'll explore how these two markets compare when it comes to hiring blockchain developers.
Hire a Blockchain Developer in Colombia vs Mexico
This chart compares Colombia and Mexico in terms of how to hire a blockchain developer, highlighting key factors like cost, talent availability, time zone alignment, and language proficiency. It helps you quickly assess which country best fits your needs to hire a blockchain developer.
In the following sections, we will break down and explain five key factors to consider when choosing between Colombia and Mexico for hiring blockchain developers: cost, talent availability, time zone alignment, language proficiency, and blockchain ecosystem innovation.
Cost of hiring a Blockchain Developer
When you hire a blockchain developer, understanding the cost implications is crucial. Here is a comparison of average monthly salaries for blockchain developers in Colombia and Mexico:
Colombia: Blockchain developers in Colombia earn approximately $3,600 per month per hour. The lower cost of living means you can get quality work for a fraction of the price.
Mexico: Rates in Mexico are slightly higher, averaging $4,800 per month, but the price difference often reflects experience or specialization in cutting-edge blockchain technologies such as DeFi or NFTs.
Salary figures are approximate and may vary based on factors such as experience, location within the country, and current exchange rates. These figures indicate that, on average, blockchain developers in Mexico receive higher salaries than those in Colombia.
Learn more about hiring the best blockchain developers.
Blockchain Developer Talent
When it comes to talent availability, both Colombia and Mexico are making waves in the blockchain space.
Colombia: Medellin and Bogota are emerging as tech hubs, producing a steady stream of blockchain-savvy developers. Colombia has a young, tech-savvy population with an average age of 30, supported by educational reforms and a strong digital background. Cities like Bogota and Medellin stand out as key tech hubs, home to communities, startups, incubators, and innovative projects like Ruta N.
Mexico: Mexico City and Guadalajara are leaders in technological innovation and have a strong pool of developers. In 2024, according to Times Higher Education, the best universities in Mexico are the Monterrey Institute of Technology and Higher Education (ITESM), which is among the best universities in the world and is currently ranked 185th in the QS World University Rankings.
Time Zones
Time zone alignment is a key advantage when hiring from Latin America.
Colombia: Colombia operates in the GMT-5 time zone, making it perfectly aligned with Eastern Time (EST) and just one hour ahead of Central Time (CST). For Pacific Time (PST), there’s a manageable three-hour difference, which still allows for substantial overlap during the workday.
Mexico: Mexico, on the other hand, spans several time zones, ranging from GMT-6 (Central Time) to GMT-8 (Pacific Time). This flexibility offers full alignment with CST and PST, making it particularly appealing for West Coast clients.
Both countries provide excellent overlap, but Mexico offers slightly better options for West Coast teams.
Language Proficiency and Communication
Clear communication is crucial for successful collaboration, especially for complex blockchain projects.
Colombia: Colombian developers have good English skills, particularly those working with international clients. However, fluency can vary, so vet candidates carefully if language is a priority.
Mexico: English proficiency is slightly higher in Mexico, partly due to its proximity to the U.S. and a strong focus on bilingual education.
Blockchain Ecosystem and Innovation
A country’s blockchain ecosystem plays a significant role in the quality of talent available.
Colombia: With initiatives such as Colombia Fintech and Blockchain Academy Bogota, the country is fostering a vibrant blockchain community. Bogota is well-positioned, having raised 93% of its total capital through 2023 in the first half of 2024 alone. Medellin is a hub for software development and innovation, attracting 2.4% of foreign investment.
For example, former Coursera CEO and founder of the Google Brain project, Andrew Ng, selected Medellin as the second location for AI projects after researching a wide range of cities in Europe, Asia, and Latin America.
Mexico: Mexico is a blockchain leader in Latin America, hosting significant events such as Talent Land and Blockchain Summit LatAm. Mexico's role in the T-MEC positions Mexico as a good place to operate and hire. Mexico is the second largest startup market in South America, driving innovation in terms of investment and opportunities for founders, and a recent PwC report found that venture capital investment in Mexico has quadrupled since 2017.
Find out more about the top 10 cities for outsourcing in Latin America.
Transparent Pricing with Teilur Talent
When you hire a blockchain developer, pricing transparency can be critical. Hidden fees and inaccurate cost structures are common in the recruitment industry, leaving clients unsure of where their money is going. Teilur Talent excels at taking a fully transparent approach to pricing, ensuring fairness for both clients and developers.
Teilur Talent is revolutionizing the international recruitment industry with its transparent pricing. Unlike most of our competitors, Teilur Talent discloses margins that never exceed 20% of the payment it makes to candidates.
By combining affordability with ethical practices, Teilur Talent not only helps you hire a blockchain developer but also breaks industry norms by championing fairness and transparency.
Learn about Teilur Talent's pricing disruption with transparency in recruiting.
FAQ
How much does it cost to hire blockchain developers?
Rates vary by country and expertise. In Colombia, developers charge around $3,600 per month, while in Mexico, rates range from $4,800 per month.
Where to hire a blockchain developer?
You can hire a blockchain developer from an outsourcing talent platform. Consider turning to specialized recruitment firms for customized solutions.
How to find a blockchain developer?
Look for developers on trusted platforms, attend blockchain events, or partner with a talent agency that specializes in tech recruitment.
Conclusion
When deciding whether to hire a blockchain developer in Colombia or Mexico, both countries have compelling advantages. Colombia has emerging tech hubs and highly creative developers, making it an excellent choice for projects with tighter budgets or innovative requirements. Mexico, on the other hand, offers a slightly larger and more experienced talent pool, better English proficiency, and better alignment with the U.S. West Coast time zone, making it ideal for niche projects or teams that prioritize fluid communication.
To help you make the best decision, use the calculator below to estimate your costs and potential savings. For more details and a personalized consultation, please contact us.
