Mexico
Data verified August 2026 · Sources
Mexico's $24,463 PPP-adjusted wage for 2025 remains 9.4% beneath a ceiling set in 1994, while recent minimum-wage policy has lifted the floor; consumer prices index at 50.9 on the US=100 scale.
Mexico at a Glance
1Y Change
+1.3%
5Y Change
+8.9%
10Y Change
+9.7%
Historical Peak
$27,014 1994
Change From Peak
−9.4%
Overall Price Level
50.9
Mexico’s Wage Story
Follow how PPP-adjusted average annual wages have changed in Mexico using constant-price OECD data.
USD PPP, constant prices · missing years shown as gaps, never interpolated
Ten Years Ago
$22,304 (2015)
Historical Peak
$27,014 1994
Latest Wage
$24,463 2025
Data Coverage
Wage history: 1990–2025
Reported observations: 36
Missing wage years: None
Latest price data: 2024 · 8 of 8 categories available
A Ceiling Set Three Decades Ago
Mexican wages show +9.7% over ten years, +8.9% across five, and +1.3% in the latest year. At $24,463 in 2025 the level is 9.4% below the 1994 peak of $27,014 — a high set three decades ago that remains the series ceiling. The 2015 reading of $22,304 shows the recent half-decade did most of the decade's work. The alignment of the five-year and ten-year figures gives the recovery an unusually even shape.
A Policy-Lifted Floor
Recent minimum-wage policy has materially raised the bottom of the formal wage distribution in Mexico, which helps explain why the +8.9% five-year pace is strong despite the level sitting far below its 1994 peak. The +1.3% latest-year change shows momentum easing, but the policy-driven floor lift has altered the structure of the wage distribution. That context frames the numbers; it does not prove any single year's cause. A floor lift changes the level before it changes the trend, which is why the five-year figure improved before the decade figure did.
Half the U.S. Price Level
Mexico's overall consumer price level for 2024 registers 50.9, some 49.1 index points below the US reference of 100. As an index position it says nothing in pesos; it simply places the country on the shared scale beside the policy-lifted wage path. Mexico's wage record begins in 1990 with 36 observations, which is what keeps the 1994 peak in view.
Mexico’s Everyday Price Profile
Compare eight consumer price categories in Mexico with the United States reference value of 100.
Overall
Food
Clothing
Housing
Health
Transport
Recreation
Restaurants & Accommodation
What Stands Out
Highest: Food
Food has the highest relative price level of the 8 reported categories in 2024, at 88.3 against the United States reference of 100. That is −11.7 index points from the benchmark and 7.7 points ahead of the next category, Transport at 80.6.
Lowest: Housing
Housing is the lowest of the reported categories in 2024 at 42.7, −57.3 index points against the United States benchmark of 100. The spread between the highest and lowest reported categories is 45.6 index points, which shows how uneven the 2024 price profile is across categories.
Overall vs United States
The overall price level for 2024 is 50.9, below the United States benchmark (−49.1 index points). Looking across the profile, all 8 reported categories read below 100, so the overall figure summarizes a spread of category positions rather than a uniform level.
Compare Mexico
Choose another OECD economy to compare wages, historical changes and all eight consumer price categories.
Frequently Asked Questions About Mexico
What is the average annual wage in Mexico?
Mexico's 2025 average wage is $24,463. The level remains below a 1994 peak.
How has the average wage changed in Mexico?
The decade change is +9.7%, with +8.9% over five years and +1.3% in the latest year. Recent minimum-wage policy has lifted the bottom of the distribution. Each horizon compares against its exact target year.
What are consumer price levels like in Mexico?
Mexico's overall consumer price index is 50.9 for 2024, below the US at 100. That is a relative index standing, not a dollar amount or inflation rate.
How far is Mexico's wage from its peak?
Mexico's 2025 wage of $24,463 is 9.4% below the 1994 high of $27,014 — the oldest peak in the OECD set. The +1.3% latest-year change shows modest recent growth, though the gap remains large.