The cost of hiring a dev team can vary widely depending on several factors, such as:
Location: The cost of hiring a dev team can vary depending on where you are located and where the dev team is located. Salaries and hourly rates can differ significantly between countries and regions.
Experience: The more experienced the dev team, the higher the cost. Junior developers typically command lower salaries than senior developers or team leads.
Size of the team: The larger the dev team, the higher the cost. The size of the team needed will depend on the scope of the project.
Project complexity: The more complex the project, the higher the cost. Projects that require specialized skills or advanced technologies may require a larger, more experienced dev team.
Project duration: The longer the project duration, the higher the cost. Dev teams may charge hourly or project-based rates, and longer projects will generally cost more.
As a rough estimate, the cost of hiring a dev team can range from $100,000 to $500,000 per year, depending on the factors mentioned above. However, it's important to note that these are just rough estimates and the actual cost can vary widely depending on the specific needs of your project and the dev team you choose to hire. It's best to discuss your project requirements with a few different dev teams and get detailed proposals and cost estimates before making a decision.