Let’s move on to the people responsible for managing the business. A company owner cannot perform all tasks; they’d simply burn out. Therefore, it is necessary to budget for human resources. And it’s not just about hiring a certain number of people and making them work. When calculating VR business costs, look at the following three categories.
1. In-house vs. freelancers
If you’re looking to hire full-time VR developers in the U.S., you’ll find average annual salaries hovering around
$92,000 to $110,000. VR engineers earn more, with average salaries near $115,000. This roughly translates to an hourly rate of
about $55. Don’t forget to factor in extra expenses like benefits and recruitment fees.
Freelance VR developers offer fantastic flexibility. Their hourly rates typically range
from $25 to $150–200, depending on their level of expertise and how complex your project is. This can be a great option for short-term projects. However, if you need highly specialized skills, the rates might climb.
2. Specialized roles and salaries
In addition to developers, you’ll need Game Dev & Design team members. For example, in the U.S., 3D artists creating immersive environments generally earn an average salary of about $66,245, with pay ranging from
$38,000 to $106,000.
To make sure the VR experience feels intuitive and engaging, you’ll need skilled UX designers. Their average salary is
around $93,000. For highly experienced designers, this goes up significantly, sometimes even reaching $300,000.
3. Training and development
VR is always evolving, so investing in training to keep your team’s skills sharp is vital. Costs for VR training programs vary:
- Getting an individual started with VR training will initially cost around $300. The good news is that over the course of about three years, as you scale and reuse training materials, the average investment per person drops to roughly $115.
- If you want to develop more extensive, customized VR training solutions for your company, you could be looking at costs of anywhere from $40,000 to $180,000. The price point depends on the complexity of the content and the level of customization.