How much do we need to spend to develop an app? That is the first and most frequently asked question that the developers and app brands ask while launching an app development project.
You already know that everything in the world comes with a price tag. And to be honest, the most applicable phrase for the cost of creating an app is “you get what you pay for.”
Estimation of app development is what sits at the very bottom of the budget of your app development. Generally, business leaders find themselves trying to answer two questions. How much does it take to create an app myself versus how much will it cost if I hire some professionals to build it?
And, the answer to all these is “it depends.” It raises more questions than answers. Right? That’s where the article comes in handy. Dive into it right now!
How much You Need to Pay to Build an App: Time and money issue
Before answering the question, we would love to remind you a little thing that not all apps are the same. And that inequality matters!
It would be best to count the lowdown of iOS and Android application development as per the time required to build the app.
Here is the classification based on the time needed:
A small app that has a few simple features takes about 500-800 working hours.
- Timeline– 3 to 6 months
Medium complexity App:
A medium complexity app needs 800 to 1200 developing hours.
- Timeline– 5 to 9 months
These apps are generally time-consuming. In most cases, it exceeds 1200 development hours.
- Timeline– More than eight months
What is the cost of creating an app worldwide?
It is not a secret that the cost of creating an app depends upon the geographical location as well. Based on that, we have made a list that includes universal hourly rates.
GoodFirms has done a study on this recently. It shows us that the average cost of a small app is between $38,000 and $131,000.
The price of creating a medium app can vary between $55,550 and $131,000. A complex app can cost you from $91,550 to $211,000.
The average price to create an app in India:
Type of App
Time to create
|Simple||3 to 6 months||$70,000-$100,000|
|Medium||6 to 10 months||$120,000-$170,000|
|Complex||More than 10 months||$200,000-$250,000+|
You will find thousands of IT companies out there who will claim themselves the best app developers. You will even get a guarantee from them that they will deliver you the best solution.
You will get proposals from several businesses such as recently found or well-established, foreign or local, small or large, cheap or high-priced. There are so many parameters to assess while choosing the company to outsource your app development services. Isn’t it?
So, there is no wonder that this diversity of options will confuse any business owner, no matter they’re experienced or startupers. But, there is a most common misunderstanding, that is- “high price brings high-quality products” And “young companies can’t deliver good quality.”
That’s why you need to have a look at our unbiased analysis of app-developing prices.
App Development Cost Hourly Rate Worldwide:
- You can consider North America as the most expensive one. Developers of the US and Canada charge between $50 and $150 per hour.
- If you hire a developer from Australia, you have to pay a rate of $35-$150 per hour.
- The app development service in South America costs between $22 and $55 per hour.
- UK regional app development service tends to charge from $71 per hour.
- Developers from Eastern Europe start their rate from $25 to $50 per hour. The average rate of an hour begins from $35 when it comes to Indonesian Developers.
- And here comes India. The country of large talent pool with a modest price. The highly professional developers of India are pretty satisfied to get $25 per hour. The cost to build an app in India is lower than other countires.
It is weird to realize that you have to pay $150 per hour to get your app development project done by an American developer. On the other hand, you get the same service from an Indian developer at a 6x cheaper rate. Right?