$15 an Hour Is How Much a Year?
$15 an hour is $31,200 a year working 40 hours per week, 52 weeks per year.
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$15 an Hour in Every Pay Period
| Hourly | $15.00 |
|---|---|
| Daily (8 hrs) | $120 |
| Weekly | $600 |
| Bi-weekly | $1,200 |
| Semi-monthly | $1,300 |
| Monthly | $2,600 |
| Annual | $31,200 |
Want your take-home after taxes? Try the take-home pay calculator.
What $15 an Hour Means
A $15 hourly wage — fifteen dollars an hour — adds up to $31,200 a year on a standard full-time schedule of 40 hours a week across 52 weeks (2,080 hours total). That is about 52% of the typical U.S. full-time wage of roughly $60,000, and about 2.1× the federal minimum wage of $7.25 an hour.
If you don’t work full time, $15 an hour comes to about $23,400 a year at 30 hours a week, or $15,600 a year at 20 hours. Overtime is usually paid at 1.5×, which is $22.50 an hour.
Hourly Rates Near $15
| Hourly | Per year (full-time) |
|---|---|
| $14/hr | $29,120 |
| $15/hr | $31,200 |
| $16/hr | $33,280 |
Budgeting a $15/Hour Take-Home
In a state with no income tax, $15 an hour leaves about $2,271 a month after federal and FICA taxes (your take-home is a little lower in states that tax income). Split with the common 50/30/20 rule, that is roughly $1,135 for needs, $681 for wants and $454 for savings or debt each month — with affordable rent (the 30%-of-take-home guideline) around $681 a month.
| Monthly budget (50/30/20) | Amount |
|---|---|
| Needs (50%) | $1,135 |
| Wants (30%) | $681 |
| Savings / debt (20%) | $454 |
A no-state-tax baseline; your exact take-home depends on your state and deductions. Check the take-home pay calculator.
Frequently Asked Questions
Is $15 an hour a good wage?
At $15 per hour you earn about $31,200 per year before taxes (40 hours a week, 52 weeks). That is roughly 52% of the typical U.S. full-time wage of about $60,000, and about 2.1× the federal minimum wage of $7.25.
How much is $15 an hour after taxes?
Take-home pay depends on your state and filing status. On $31,200 a year, most single filers keep roughly 75–85% after federal, state and FICA taxes. Use our take-home pay calculator for an exact figure.
How much is $15 an hour per month and per week?
$15 an hour is about $2,600 per month, $1,200 every two weeks and $600 per week before taxes.
How much is $15 an hour part-time?
Working 30 hours a week, $15 an hour is about $23,400 a year; at 20 hours a week it is about $15,600 a year.