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by exline 5614 days ago
You have to factor in other costs on top of the employee wage:Taxes, Insurance (liability/health,etc), Retirement/401k, Office Space (Rent & Utilities optional if running virtual)

I'm sure there are other costs some optional, some not. Depending on how lean you want to run you can have a very low overhead.

It also depends on what level of developer you are hiring.