It’s been 5 years since we’ve started our mobile app development company and in the meantime we’ve received from potential clients over 1000 requests to build apps. These requests are different one from another, some people have just an idea and need us to guide them through certain steps to refine and detail the specifics or others, very few, have specifications clearly defined. Regardless of the type, everyone’s major question is how much would it cost and how quickly can you deliver the app.
This question has been tackled by other app development agencies and I will list below the conclusions of few respectable companies from US.
“A v1.0 for 4-6 months would come out to $90,000 to $140,000… Apps that are built for a smartphone and tablet, that have a complex user interface, or that require a significant backend can cost anywhere from $250,000 to $1,500,000.
Apps built by the largest app companies, the “big boys”, likely cost anywhere between $500,000 to $1,000,000.
Apps built by agencies like savvy apps cost anywhere between $150,000 to $450,000.
Apps built by smaller shops, possibly with only 2-3 people, likely cost anywhere between $50,000 to $100,000.” Ken Yarmosh, App Savvy
“With Fueled’s experience you’re going to find that you’re going to need at least $150,000 to build the first version of your product.” Aaron Cohen, Fueled
“Because there’s so many different variables, the price for a mobile app could range anywhere from $5,000 to $500,000; however, the price range will typically be somewhere between $100,000 and $300,000, with the entire development process taking 12-20 weeks.” Alex Moazed, Applico
The common conclusion is that the price of an app depends in its complexity, number of platforms, and whether it’s a standalone app or it requires a backend. Additional budget is also required to go beyond a simple v1.0 of the app.
Obviously the primary driver of price is the cost of labor, so it depends if you’re developing your app in US, Western Europe, Eastern Europe or India.
The case for Eastern Europe
According to a recent report on app development from ContractIQ the median price for app development (iOS/Android) in Central/Eastern Europe is $40/hour, while in US is $90/hour and in Western Europe $75/hour. To be more specific about Eastern Europe it would be around $30-$35/hour. So however we look at it, building an app in Eastern Europe is 2x to 3x times more cost effective than in Western Europe or US. Similar ratios apply for design jobs as well.
But the price is not the most important criteria to take into consideration when picking your mobile app development partner, because ultimately the most important thing is to have your app done on time and to be state of the art.
To take the case of Romania (our country of residence), our mindset is very close to the Western world, we communicate very well in English, and we’re easily reachable by plane. Romanian developers are highly regarded and it’s now known that Romanian is the second language spoken in the Microsoft offices around the world, as stated by Bruce Andrews, US Deputy Secretary of Commerce. Established and well funded companies like Yummly chosed Romania to develop their apps, because here they found “people who were capable of thinking creatively to solve complex problems and overcome the constraints of reduced form factors” (David Feller, founder and CEO of Yummly). You can read more about Romanian landscape in a recent article on TechCrunch, called “The Silicon Valley of Transylvania”.
In Mobiversal’s case, most of our clients come from US, UK, Israel and Western Europe, for the exact reasons I’ve previously mentioned. To get back to the purpose of this article, we feel that it wouldn’t be very helpful to give you a general price for an app, but in exchange we’ve prepared a few sample proposals. The examples range from a simple app, which can cost $5000/platform and take around 2, 3 weeks to be built, to full featured services that include apps (iOS & Android), backend (server, databases, API), and admin area.
Here’s a proposal for an employee location tracking service. This is a full-featured platform where companies can signup and start benefit from employee tracking through mobile apps. This a service that would help companies increase the safety, efficiency, and productivity throughout their operations.
Other complex projects that we detailed include: a mobile marketplace for local food that would cost $35,000, a city mobile guide at about $36,000, or a mobile ordering and loyalty system for restaurants that would cost $55,000.
To get a better idea about app development cost and duration, please take a look at the complexity of these apps and compare them with the idea you’re having. To download all the proposals please visit this page: www.mobiversal.com/how-much-does-an-app-cost.html.