monday.com Pricing Plans & Cost Guide (Feb 2023)

monday.com Review
ITQlick Score: 98/100
ITQlick Rating:
Pricing: 4/10 - average cost
Category: Project Management -> monday.com review -> monday.com pricing
Ranking:Ranked 2 out of 884 Project Management systems
Company: monday.com
Pricing: starts at $10 per seat/month
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: monday.com review, monday.com alternatives
Shlomi LaviShlomi Lavi / Feb 28, 2023

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monday.com pricing: How much does it cost in 2023?

Monday.com offers four pricing plans for its users: Individual, Basic, Standard, Pro, and Enterprise. The price of each plan is:

  • Individual: The individual plan costs around $0 per user per month.

  • Basic: The Basic plan costs around $10 per user per month. If paid annually, the cost is around $8 per user per month.

  • Standard: The Standard plan costs around $12 per user per month. If paid annually, the cost is around $10 per user per month.

  • Pro: The Pro plan costs around $20 per user per month. If paid annually, the cost is around $16 per user per month.

  • Enterprise: For the Enterprise plan, you need to contact the support of Monday.com

monday.com Monthly Pricing Plans

Prices and Plans Compared

monday.com follows a complicated pricing regime which can be a turn off for some users. While there are subscription plans available, it also offers pricing based on team size and users.

The free plan of monday.com is good for up to 2 users. You get unlimited boards and docs, and can use over 200 templates. The free version also lets you use the iOS and Android mobile apps. This is basically a good free CRM for individuals or teams of 2 people. After that, it is time to upgrade.

All of their pricing is based on 2 variables: the features you would like to use, and the number of users. Once you have determined the feature plan and users, choose your subscription payment preference: month-to-month or annual plans are available. Payment is made in one upfront installment (if you purchase a plan for one year, you will pay for one year upfront).

For five people, the Basic plan starts at $62.50 per month and includes 5GB of storage, an unlimited number of boards, and 24/7 support. The Basic plan has significant limitations. You dont get Timelines, Calendar views, Map views, advanced search, time tracking, or other features that Monday.com considers advanced. You dont even get integrations.

Standard pricing begins at $85 per month for five people. It expands the storage capacity to 50GB. Outside guests can be invited to join your board, but they count against your member allotment at a 4-to-1 ratio. To put it another way, four invited guests count as one member. Standard includes the Timeline, Calendar, and Map views that the Basic plan does not.

Pro starts at $150 per month for five people. Storage is unlimited and you get all features except a few that are reserved for Enterprise customers (such as single sign-on, HIPAA compliance, and audit logs). The allowance for integrations and automation goes up to 25,000 actions per month. Enterprise accounts use custom pricing and include all features.

A direct competitor of monday.com is Trello. Additionally, a free service tier is available. The monthly cost for the Business Class paid plan is $12.50 per person. Trello also provides an Enterprise subscription, and its website has an interactive calculator you can use to estimate the cost of it based on the number of users in your organization.

monday.com Yearly Pricing Plans

Which Plan Is Right for You?

Monday.com is a great project management tool depending on the requirements of your organization. If your organization has basic project management needs or you need a tool for individual task management, the Individual plan will be the right fit.

However, if your organization requires more team collaboration along with project management, then the later plans like the Business and Pro plans can be the right pricing plan. Moreover, given the competitors pricing plan, the cost of Monday.com is more and less the same.

Compared to Jira Basic plan, Monday.com Individual plan does not allow any email automation, which can make task management difficult.

monday.com vs. competitors (pricing)

Software

Pricing

Available Free Trial

Monday.com

$0 to $20 per user/month

14 days

BaseCamp

$11 per user/month

30 days

Jira

$7.75 to $15.25 per user/month

N/A

Asana

$10.99 to $24.99 per user/month

30 days

Notion

$8 to $15 per user/month

7 days

Float

$7.50 to 12.50 per user/month

30 days



Cost of software customizations

Customizing the software to meet the specific needs of the organization can be a costly process, especially if the customization requires significant development or integration work. The average cost of customization can range from a few thousand dollars to several hundred thousand dollars, depending on the complexity of the customization work.

Data migration cost Relevant for monday.com

Migrating data from old systems to the new software can be a time-consuming and costly process, especially if the data is large or complex. The average cost of data migration can range from a few thousand dollars to several hundred thousand dollars, depending on the size and complexity of the data.

Cost of training

How many groups (different departments, usages, type of users) are needed for monday.com training? Training employees to use the new software can be a significant cost, especially if the software is complex or requires specialized knowledge. The average cost of training can range from a few hundred dollars to several thousand dollars per employee, depending on the complexity of the software and the duration of the training.

Cost of maintenance

Ongoing maintenance and support for the software can be a significant cost, especially if the software requires frequent updates or has a high rate of bugs or issues. The average cost of maintenance can range from a few hundred dollars to several thousand dollars per year, depending on the complexity of the software and the level of support required.

Frequently Asked Questions (FAQs)

How much does monday.com cost per month?

Their pricing plan starts at $10 per seat/month.

They offer a free trial?

Yes, monday.com offers a free trial so you can try it yourself, free trials are great because your team can test the software (at least basic features of it) in your own time without the pressure of sales teams.

Can I use monday.com for free?

Yes! monday.com offers a free version (with limited features).

Any good free alternative to monday.com?

Airtable is a flexible database and project management tool that offers a free plan with unlimited bases (similar to databases), records, and collaborators. It includes features like calendar views, kanban boards, and custom fields that can be used to create custom workflows. However, its advanced features like automation and custom branding are only available on paid plans.

How do I get pricing information directly from the vendor?

You can get it on their website. So why do you need us? we can help you get the total cost of implementation (not just the cost of licenses) and compare them with alternative solutions.

How can the team at ITQlick help?

The science of TCO (total cost of ownership) may not be easy to calculate. If you seek to get detailed info about the TCO, get in touch with ITQlick experts. Contact us today and get up to date, detailed quotes.

Compare

Our Veredict

In terms of work management tools, monday.com performs admirably. It is relatively simple to use and has some useful features that stand out.

Additionally, it can be challenging to determine which service tier you would require and whether you will end up spending too much for it due to monday.com complex price structure (because you might not need all the licenses you need to pay for).

Project Management Software Price Range

Project management products pricing are divided into three tiers. The prices range between $0 to $7, $7 to $10, and $10 upwards. In addition to this, the prices are set on a "per user, per month" basis or a bulk "per month" basis. However, it is worth noting that these price ranges are mostly for the lower offering found on each vendor website.

Enterprise plans on project management software have more robust features; thus, they cost more but are adjusted to suit each organization based on their number of employees; as a result, their prices are mostly made available upon request. For instance, Asana basic plan costs ₦11, Miro costs $10, and Toggl pricing falls around $8— all per user per month; but their prices for their enterprise plan quotes are not made available.

In addition, project management prices are set based on the size of an organization. Their ranges are as follows:

  • Small Businesses can expect to pay around $5 per user for the basic plan of a project management software. However, small businesses with a very tiny workforce can get many project management products for free because they have free versions that allow between 2-5 employee sizes. Examples of these vendors offering free versions for a small employee size are Candy, Lumeer, and Quire. Some premium project management for small businesses are MetaTask, which starts at $6 per month, FreedCamp pricing starts at $1.50 per month, and Tracked for BaseCamp cost around $3 per month.
  • Medium Businesses can expect to pay between $5 to $25 for project management software, depending on the package type and their number of employees. Todo.Vu costs around $9 per user, per month, Studio Organizer pricing starts at $19.50, and Lumeer costs around $8.
  • Large Businesses can expect to pay less than medium-sized businesses for standard project management packages because their workforce is larger. However, prices for enterprise plans cost more. For example, Agile CRM costs around $80 per month, JotForm pricing is around $100 per month, and Kanbanchi $40 per month.

The price ranges for project management best of breeds are as follows:

  • Collaboration Software Most of the collaboration tools in the market are priced per month and per user, and their pricings are usually divided into three tiers, which range from $0 to $4, $4 to $16, and $16 upward, respectively. However, these are the entry-level plans; premium and enterprise plans cost more depending on the vendors. An example is Pobuca Connect, which costs $2 monthly per user for its standard plan and $8 monthly per user for its enterprise plan. Others are Loop email, which costs at $8 monthly per user; HeySpace pricing starts at $4 monthly per user.
  • Time Tracking Software Vendors of most time tracking software charge on a per user, per month basis, and the prices are divided into three tiers; they range from $0 to $3, $3 to $9, and $9 and above. Note that these are prices for the entry-level plans. For instance, Time Doctor pricing starts from $5 per month, TimeCamp pricing from around $6 per month, and Elorus costs up to $9 per month.
  • Workflow Management Software Like other products related to project management, workflow management software are usually priced on a per-user, per-month basis, and the prices range from $0 to $13 and above. For example, Forms on Fire pricing starts from $20 monthly per user, Formstacks Form starts from $19 monthly, and KissFlow Digital Workplace from $360 per month for 30 users.
  • Time & Expense Software Time and expense products in the market have pricings that range from $2 and $11 upwards, depending on the type of plan and number of users. Examples are EverHour, which starts from $5 monthly per user, Microsoft Dynamics GP costs for less than $1, and WorkTime Professional pricing starts from around $12 per month.
  • Professional Services Automation Software Users can expect to be charged per month for most products in this category. The prices can be divided into three sections, and they range from $3 to $50 and above. For example, TigerPaw Software pricing is priced around $80 per user, per month, Business VoiceEdge costs around $30 per month, and Coaches Console pricing is around $150 per month.

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.