The recent research from GoodFirms shows that the average price of a simple app is between $40,000 to $60,000. The medium complexity app cost is between $61,000 and $69,000. A complex app may cost from $70,000 to $100,000.

So, giving a rough answer to how much it costs to create an app (we take the rate of $50 an hour as average): a basic application will cost around $25,000. Medium complexity apps will cost between $40,000 and $70,000. The cost of complex apps usually goes beyond $70,000. 

Thousands of companies around the world claim to be the best app developers and guarantee they can deliver the best solution. Well-established or recently founded companies, experienced or ambitious, local or foreign, large or small, high-priced or cheap so many parameters to consider. No wonder that such an enormous selection may confuse not only startupers, but also experienced entrepreneurs.

The most common misunderstandings, such as 'high price equals to good quality' or 'young companies are not experienced enough to deliver high-quality product', may lead to failure or unnecessary expenses. Keeping that in mind, let's return to unbiased analysis of app's building costs. Our first stop is looking at the cost of building an app from the standpoint of hourly fees.

It's not a secret that the average cost of app development varies depending on geographical location so let's have a brief look at the table:

• North America (US and Canada). This region is considered to be the most expensive one. Android / iOS development charge from $20 to $250 per hour.
• Australian hackers develop mobile apps at a rate of $35-150 per hour. 
• South American regional app development service rates are from $25 to $120. 
• UK developers tend to charge from $35 to $175 an hour. 
• Eastern European developers' rates start from $20 up to $110 per hour. 
• Developers in India are quite satisfied to get $10-75, while in Indonesia the highest cost of app development is $20 an hour.