The cost of building and maintaining a Magento store depends on the business size and its specific needs. If the company goes for Magento Open-source, they can get access to the code for free. However, they will have to pay for the developer’s working hours and for cloud hosting (i.e.,renting servers from Amazon Web Services).
Magento Cost of Open Source = Development Team + Cloud hosting
The costs will rise when a business chooses Magento Commerce as their go-to option. The total cost of ownership will depend heavily on the store size, order volume, and annual revenues. These costs range between $22,000/year to $125,000/year.
Cost of Magento Commerce = Licensing Cost + Infrastructure Cost + Cloud Hosting + Development Team
Here’s Magento pricing breakdown by CloudWays: