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18 an hour is how much a year (yearly, monthly and weekly)

18 an hour is how much a year

I am guessing you got offered a new job and you are wondering 18 an hour is how much a year?

I understand… when you are looking for a new job, the first thought that comes to mind is whether the salary you are being offered is good or not?

… If you are anything like me, just knowing your hourly wage makes it difficult to calculate your budget. After all, you have to know how much you can pay towards housing, utilities, food, and saving.

For example, if you have been offered a job that pays $18 an hour, you must be keen to find out – 18 an hour is how much a year?

or if you were offered $50000, you want to know how much that is per hour.

Keep reading to find out 18 an hour is how much a year, a month, and a week.

If you earn $18 an hour, you will make $37,440 per annum.

The calculations will depend on the number of hours you work but this post will give you an idea on 18 an hour is how much a year.

We will also tell you how much you will earn, pre and post taxes.

In this post, you will also find the answer to the question – is 18 an hour good pay. Let’s start

Note – This post may contain affiliate links. Please read disclosure policy

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18 an hour is how much a year

If you earn $18 an hour, you will make $37,440 per annum.

In the US, if you work between 30 to 40 hours a week, you are considered to be working full time. We have made this calculation based on the assumption that you work 40 hours a week.

40 hours X 52 (number of weeks in a year) = 2080 hours per year

Now multiply the total number of hours worked in a year with $18

2080 X 18 = $37,440 – This is the total money you will make in a year before taxes.

If you work 30 hours a week, you will earn less than this amount.

30 hours X 52 (number of weeks in a year) = 1560 hours per year

Now, multiply the number of hours you worked in a year with $18

1560 X 18 = $28,080

If you are working part-time, an $18 wage will get you lesser money in a year. Part-time employees work between 20 to 29 hours per week.

Let us calculate your annual salary, assuming you work 20 hours a week.

20 hour X 52 (number of weeks in a year) = 1040 hours per year

Now multiply the number of hours you worked in a year with $18

1040 X 18 = $23,400

So, you will make $ 23.400 per year before taxes.

18 an hour is how much a year after taxes

Now you know 18 an hour is how much a year, but this is not the final amount you get to keep and spend.

You also have to consider Federal and FICA taxes. If you earn $37,440 a year (40 hours a week), you will pay 15.1% of your income in federal taxes, social security, and Medicare.

These taxes will bring down your annual take-home salary to $31,769 if you work full time (40 hours a week).

If you work part-time (25 hours a week), your annual take-home will be lesser than that.

You will pay more taxes if you live in a state that collects add on state tax.

You can find your income after tax in your state by using a salary calculator

For taxes due in May 2021( October 2021 with an extension), here are your income tax brackets according to nerdwallet.com.

Tax RateTaxable income bracketTax owed  
10%0 to $9,87510% of taxable income
12%$9,876 to $40,125$987.50 plus 12% of the amount over $9,875
22%$40,126 to $80,525$4,617.50 plus 22% of the amount over $40,125
24%$80,526 to $163,300$14,605.50 plus 24% of the amount over $85,525
32%$163,301 to $207,350$33,271.50 plus 32% of the amount over $163,300
35%$207,351 to $518,400$47,367.50 plus 35% of the amount over $207,350
37%$518,401 or more$156,235 plus 37% of the amount over $518,400

18 an hour is how much a month?

If you work on a monthly budget, knowing your monthly earnings can help you plan better.

If you work 40 hours a week at $18 an hour, you will earn $3120 per month.

After taxes, your net take-home will be $2,647.

If you are working part-time (25 hours a week) at the same wage, you will take home $1,706 per month.

18 an hour is how much a week?

Many people prefer to budget weekly. It helps them tackle their expenditures better. 

If you work for 40 hours a week, you will earn $720 per week. After taxes, your take-home pay will be $611 per week.

If you work overtime or take some time off, your income will increase or decrease accordingly.

If you work part-time at $18 per hour for 25 hours a week, your weekly earnings will be $450 and $394 after taxes.

18 an hour is how much a day?

When you know how much you can earn by the end of the day, it can give you the incentive to keep going.

So, assuming you work eight hours a day, at $18 an hour, you will earn $144 in a day. After taxes, you will take home $122.

If you work five hours a day, your daily earnings per day will be $79 a day, after taxes.

18 an hour is how much bi-weekly?

Some companies prefer to pay bi-weekly. If you work 40 hours a week at $18 an hour, you can earn $1440 every two weeks before taxes.

Your bi-weekly earnings will be around $1,324 after taxes.

If you work part-time for 25 hours a week at the same wage, you will take home $853 every two weeks.

Is 18 an hour good pay?

According to FRED Economic Data, the real median personal income in the United States for 2019  was $35,977. 

So if you make $18 an hour, which is $37,440 per annum, you earn a little above average American income.

While this income puts you well above the average for a single individual ($12,760), it may not be enough to live comfortably, considering the housing costs and basic living expenses.

This salary may work if you live frugally. You can live with roommates, share utilities, and keep your food and entertainment costs low.

Sample monthly budget for $18 an hour

Here’s a sample budget for $18 per hour wage –

An $18 an hour wage gives you a monthly income of $2647 a month.

CategoryBudgetPercentage
Income$2647 
Food$26510%
Utilities$26510%
Housing$66125%
Transportation$26510%
Health$1325%
Insurance$26510%
Saving$26510%
Recreation$1325%
Debt repayment$26510%
Personal spending$1325%
Total expenses$2647 

As you can see, this budget is relatively small. But it can work for a single person if he/she lives frugally and keeps the costs low.

If this budget seems too small to manage, you can always attempt to improve your income.

Many jobs that pay $18 an hour are in stable, high-growth industries like health care, manufacturing, and technical fields that offer plenty of growth opportunities.

Relevant: Jobs that pay $20 an hour.

You can ask for a raise or start looking for a job that pays you better.

You can always improve on your education and technical knowledge to improve your job opportunities.  You can also work weekends and make some extra money working online from home.

Weekend jobs to improve income

Here are some options if you want to earn some extra money while working during weekends –

 1. Blogging

Research and find what people are looking for before you choose your niche.

Write high-quality SEO ranking content.

You can make money through affiliate marketing and paid advertising.

2. Weekend food delivery

There is always a higher demand for deliveries during weekends than during weekdays.

Uber Eats, GrubHub, and Postmates are some of the best options for weekend food delivery jobs.

3. Uber Driver

Driving Uber or Lyft can be an excellent weekend side hustle. People often go to bars or clubs on weekends, and a looking for Uber rides back home.

There are more ways you can find to many money here.

4. Taskrabbit

You can do random jobs over the weekend and earn extra cash.

Task Rabbit is a marketplace of labor and requests to do everyday tasks such as furniture assemble, shopping, cleaning, handyman services, pet walking services, and much more.

5. Tour Guide

You can be a tour guide in your city and take people on guided city tours, food tours, and farm tours.

6. Teach English

Many people around the world do not speak English and are eager to learn from a native speaker.

You can teach English online from the comfort of your home on Vip Kid.

7. Take online surveys

Many companies are willing to pay you for your opinion.

All you need to do is fill out surveys and take part in focus groups, and you can make decent money. 

— QUICK MONEY IDEAS —

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  1. PineCone Research: Earn $3 – $5 per each survey guaranteed .Sign up now

Final thoughts – 18 an hour is how much a year

Now that you know 18 an hour is how much a year, a month, a week, and a day, we hope you can plan and budget your lifestyle well. It is $ 37,440 per year.

While you cannot live a luxurious lifestyle with this income, you can manage a decent life if you live frugally and plan a monthly or weekly budget.

You can also improve your income by working weekends. You won’t even have to leave your home for some of these options.

Check out how much is 5 and 6 figures

18 an hour is how much a year

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