Now, as we have figured out what MVP is and how to build it, we can talk business – about the MVP development price, to be exact.
That's a complex question that is impossible to answer without looking at the components affecting each case's cost. Here is a list of such components:
Each app is unique, and the cost varies depending on each ingredient you put in your app.
The more user roles, screens, logic your app demands, the higher the average price will be. Below, there are the most realistic but still average app development cost by app type.
<aside> 🛠 MVP Development Cost Estimate Example 1 - Food Delivery app
Once, we had a client who wanted to develop a food delivery app. They had niche expertise and already had a list of restaurants ready for partnership. But the goal they wanted to achieve was to digitize business and expand.
After the market research and user interviews, the Uptech team came up with a list of features for the MVP version of the app. It was a food delivery app where:
Here is how the average MVP price will be calculated for this type of web app development at the rate of 50$/hour:
The average MVP price for a delivery app like this will be around $150,000 for 3,000 hours of work done. However, there are always details affecting the final price.
MVP Development Cost Estimate Example 2 - Ecommerce app
As for mobile eCommerce app development costs, it is rather complicated to provide you with accurate prices.
First, everything depends on the goals and requirements. For example, on the number of features, mobile platforms, UI/UX design complexity, etc.
Second, the cost is different depending on the location where a software development company is located. For comparison, the hourly rates of App Designer in the USA and Canada start from $150, while in Western Europe, rates may be from $50 to $100. Eastern Europe provides the most optimal rates, from $35 - $60.
That is why eCommerce application development may cost you either $80K or $150K and even more. It’s hard to predict the initial cost in advance. If you need precise numbers, feel free to drop us a line on your eCommerce app idea and product demands. We will provide you with detailed information.
MVP Development Cost Estimate Example 3 - Live-streaming app
The cost of building a live streaming app or MVP depends on the scope of work, the number of hours involved, and design complexity.
Here’s a table for the app development cost estimate for 1 platform with an average rate of $50 per hour but also additional works like design, QA, project management and others that may be added by request.
So the average cost of building a live video streaming app is from $26K to $48K. Take into account that it’s the sum for only one platform. Get ready that you need to pay more if you want to create both Android and iOS apps.
MVP Development Cost Estimate Example 4 - Social Media app
The cost to develop a social media app differs according to the market rate of specific regions. However, it usually involves the same amount of work done on creating the backend and frontend of the app.
Generally, more than 1,000 hours are needed to build an MVP on a single platform. The final cost of app development depends on where the developers are based.
Here are the average rates charged in different regions.
The next calculations are pretty simple. It’ll cost you approximately $150,000K to build a social app in the U.S but if you come to the development studio from Eastern Europe, like Uptech the final check will be almost 3 times lower, around $60,000K.
Still confuse with MVP development cost? **Contact us** to get free estimate and consultation for your bold idea.
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