The dedicated development team cost depends on team size, seniority, technology stack, and engineer location. US and Canadian rates tend to be higher than those in Europe and Asia, which is why many companies hire dedicated teams from regions offering senior expertise at competitive rates.
Compared to in-house hiring, this model cuts overhead (office space, benefits, recruitment, and onboarding). Unlike a fixed price model suited for rigid scopes, dedicated teams are priced monthly, giving you flexibility to adjust priorities and scale as your product evolves.