There is no doubt that app development is a very prospective industry for investment. With more and more users, there will be more opportunities for business growth.
The minimum app creation cost varies between $5.000-$10,000. However, the development of a working app with a sufficient number of features will probably cost more.
The median cost to develop an app ranges from $37,913 to $171,450. If we talk about complex and feature-rich applications, app development cost can reach up to $500,000 and even go beyond this number.
When planning for development, the app development cost is not the only factor that you need to consider. Another important metric that might greatly influence your plans is the development timeline. On average, in over 80% of cases, it takes 3+ months to develop an application.