I always assumed that mercenaries were an expensive alternative to native troops and they do appear to cost twice as much to raise.
But I was surprised to note that some of their upkeep costs are much lower than native troops.
For example:
Native Skirmishers: 180 recruit cost/170 upkeep
Libyan Mercenaries: 350 recruit cost/100 upkeep
and
Native Archers: 240 recruit cost/250 upkeep
Cretan Archers: 750 recruit cost/200 upkeep
However
Greek Hoplites: 850 recuit cost/170 upkeep
are as expensive to keep as
Nile Spearmen: 350 recruit cost/170 upkeep
So, it seems that in the long term some mercenaries troops might work out cheaper than native variants. For instance it would not take long for the cheaper upkeep costs of Libyan Mercenaries to compensate for their initially high recuitment cost.
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