Please note that in many places 5k€/month is a huge sum of money for a salary. Even in western Europe, and in France more specifically, many devs i know are payed 1-2x minimum wage (i don't know a single IT person earning 5k€/month although i'm aware they exist). In France, minimum wage is about 1500€/month (before taxes), to which you add about as much professional taxes and contributions from the employer.
According to my napkin calculus, you could get about 4.5-9 developers (for 1-2x minimum wage) onboard here in France for 28k€/month. I'm betting in other countries with low salaries and a vast talent pool, 28k€/month would get you even more employees.
I'm working currently in Vienna, and 5k is a wonderful salary for Vienna living standards, don't get me wrong, but it's also really not unheard of if you're good and/or working in a senior role.
In Austria, the "IT Kollektivvertrag" [0][1] (think contract for the whole IT collective/unions) demands a minimum of €2503 brutto (before taxes) per month for developers (those are normally falling under ST1 category), and that 14 times a year, and that's for entry level (as in, not first job but starting at a company). Note also the 14 times a year, where the last two extra salaries (Christmas pay for December and vacation pay for June) is taxed much less (note, we can get bonuses on top of that too).
Note for above PDF (only the short money table the full one can be easily found via searching "Austria IT Kollektivvertrag 2022"):
- The ST1 is for devs, and LT1 for leadership roles.
- "Einstiegsstufe" is Junior, "Regelstufe" is "normal" and "Erfahrungsstufe" is Senior
So if you get hired as senior in a leadership role you'd be entitled to €5521 Brutto salary, 14 times a year, or more depending on your experience/knowledge and your negotiation skills.
According to my napkin calculus, you could get about 4.5-9 developers (for 1-2x minimum wage) onboard here in France for 28k€/month. I'm betting in other countries with low salaries and a vast talent pool, 28k€/month would get you even more employees.