How Much Does Magento 2 Store Cost in 2024

Is Magento 2 worth investing in? Will building an online store on it be an economical option?

If these questions are buzzing inside your head, we have the answers you need. In this post, we have offered a complete breakdown of How Much Does Magento 2 Cost, from hosting costs for your store to support and maintenance costs; we have covered it all.

By the end of this blog post, you will get a clear figure in mind based on your requirements and how you plan to build it.

Table of Contents

• Magento/Adobe Commerce Pricing
• How Much Does Magento 2 Cost: Breakdown
• Why Choose Magento for Your Ecommerce Store?
• Magento vs. Other Platforms: Pricing Comparison

Magento/Adobe Commerce Pricing

Magento 2 is available in two different editions:

1. Community
2. Enterprise (Adobe Commerce)

The community version is open-source and free to use. The enterprise version is a paid one.

Here’s an overview of the pricing of available Magento editions.

Magento Community Edition (Open Source)

The Magento community edition (also known as Magento CE) is a free open-source where you can download and install Magento for free. This edition helps small business owners build a presentable online store with a good number of features & functionalities.

You will need to pay for some additional costs like hosting, themes, designing, and more to maximize the usage of your store and keep it intact.

• Pricing: Free
• Best suited for: Small businesses

Magento Enterprise Edition (Adobe Commerce)

Magento Enterprise Edition (Adobe Commerce) is a feature-rich plan loaded with premium functionalities to run your store as smoothly as possible.

Many upcoming ecommerce store owners have this question of how much does Adobe Commerce cost, but here you need to request a quote for this plan, as the Magento pricing will depend on your needs and requirements.

• Pricing: Starts at $22,000 per year
• Best suited for: B2B enterprise and large business organizations

There is also a cloud edition for Adobe Commerce, known as managed services.

Managed services are the best way to handle and fully maintain your security. One core functionality of this edition is cloud hosting, which is both scalable and reliable.

Earlier, the pricing structure for Magento Enterprise edition was based on the revenue.

Here’s the old pricing structure:

Now that we have formed the basis of Magento’s fundamental pricing. Let us look at the cost associated with different pricing editions.

This breakdown of the cost structure will give you a clear idea of how much each element will cost to develop and where you can cut down on your budget.

How Much Does Magento 2 Cost: Breakdown

The cost of Magento 2 store development depends on multiple factors. Here’s the breakdown of Magento 2 cost.

1. Website development

One of the main costs will be creating your website and its look and feel. Here is a complete in and out of how much does a magento 2 website cost:

• Basic Magento website price – $20,000 to $40,000
• Custom Magento Website Price -$40,000 to $100,000
• Magento Enterprise Website Price – $100,000 or more

If you want to know how much does it costs to migrate to Magento 2, then refer to the custom Magento website pricing plan.

2. Domain

Your domain name is imperative for your online presence. Typically, a domain can cost you around $10 to $15.

3. Hosting

There are four different hosting options available for you.

• Shared hosting ( $10 to $30/ per month)
• Private server ( $60 to $300/ per month)
• Dedicated hosting (up to $2000/ per month)
• Cloud hosting ($10 to $4000/ per month)

4. Themes

A good theme helps impress your shoppers as they navigate in your store. Here, you can make good use of pre-built themes instead of trying to create them from scratch.

• You can opt for free themes as well, but they are very limiting in nature
• Paid themes can range from $0-$100 or more but are feature-rich

5. Magento Extensions

Magento has a wide variety of paid and free Magento extensions that can be a great helping hand to your store. They can be easily integrated to overcome any default Magento 2 limitations.
The pricing of these extensions can range between $0 to $500 or more. The pricing entirely depends upon the feature, functionality, and the brand you have opted for.
Image source: Meetanshi

6. SSL Cost

SSL certificate is a certificate that every website owner should have for data safety reasons. This certificate will cost you around $60/per year.

7. Marketing Cost

To capture your shopper’s attention, you will have to set a marketing budget to spend on Google ads and other marketing materials like banners, collaterals, pop-ups, and more to ensure the offers attract shoppers.

8. Support and Maintenance

Last but not least, support and maintenance of your store.

You need to install security patches on time, keep the website updated with designs, and more. You can hire a professional for this task, costing around $20-$125/hour.
Depending on your technical knowledge and skill, you may hire a Magento developer as a freelancer, get someone in-house, or go for an agency. Here is the pricing of each:

• Freelancer Magento developer: $10–$200/hour
• In-house Magento developer: $56.25/hour
• Magento Agency: $100 – $200/hour

For uninterrupted operations, you can subscribe to our Magento support and maintenance service package.

Why Choose Magento for Your Ecommerce Store?

While Magento is not the only option for building an e-commerce store, as there are plenty of other e-commerce platforms available, here are 5 solid reasons to stick to Magento.

• Complete Flexibility: Magento is highly flexible, allowing you to tailor your online store as you like. Additionally, the Magento extensions are a power hub to overcome any limitations you might face when using its default version.
• Open Source: Magento is an open-source platform that helps you to adopt and modify any changes within your store. And with the community’s support, you will never feel stuck in any situation.
• Highly Focused On Security: Magento understands the importance of security and the vulnerabilities that can hamper a store. They highly focus on security and offer regular updates and patches to keep your store safe.
• Analytics: With Magento, you can always analyze if your efforts are reaping the benefits as desired. You can easily gain insight into the store’s performance, customer behavior, and more.
• Global Reach: Magento is a powerful e-commerce platform with a global reach. Around 709,104 websites use Magento, and some big brands like Ford, Nike, Land Rover and more actively use the platform.

Magento vs. Other Platforms: Pricing Comparison

And that’s a wrap!

Knowing exactly how much does Magento 2 costs depends upon the features you are looking for and the depth of personalization you are willing to offer.
It is good to contact a professional Magento agency before opting for the platform.

As they will perfectly understand your needs, answer if you have a question in mind, and offer a quote accordingly.

Hope this blog helps! Good luck with your ecommerce journey.