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Estimated Wage: $50,000 per year (let's assume they're all junior and poorly paid)
Benefits : $15,000 per year
Office Space: $15 per square foot per month by 50 square feet (crappy office building, tiny cubical, no hallways or washrooms); $750 per month or $9,000 per year
Computer: $1000 per year (in hardware and OS)
Software: $5,000 per year

So if I lowball every number I come to $80,000 per year per developer ...