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$15 an Hour is $31,200 a Year

Gross Annual Pay$31,200
After Tax (Estimate)$25,261~$12.14/hour take-home
Based on 40 hours/week × 52 weeks/year

Salary Breakdown for $15/Hour

Time PeriodHoursGross PayFederal Tax*State Tax*FICANet Pay
Hourly1$15.00----
Daily8$120.00$7.66$6.00$9.18$97.16
Weekly40$600.00$38.31$30.00$45.90$485.79
Bi-Weekly80$1200.00$76.62$60.00$91.80$971.58
Monthly173.33$2600.00$166.00$130.00$198.90$2105.10
Annual2080$31,200$1,992$1,560$2,386.8$25,261.2
*Tax estimates based on single filer, standard deduction, 2025 rates

Compare Similar Hourly Rates

$13/hour$27,040/year-13.3%$14/hour$29,120/year-6.7%$15/hour$31,200/yearCurrent Rate$16/hour$33,280/year+6.7%$17/hour$35,360/year+13.3%

Overtime Scenarios

Time and a Half (1.5x)$22.50/hour10 hours OT/week: $42,900/year (+38%)
Double Time (2x)$30.00/hour5 hours DT/week: $39,000/year (+25%)

What Can You Afford on $15/Hour?

Housing (28% Rule)
Maximum monthly rent/mortgage: $589
Annual housing budget: $7,073
Budget Breakdown (50/30/20 Rule)
  • Needs (50%): $12,631/year ($1,053/month)
  • Wants (30%): $7,578/year ($632/month)
  • Savings (20%): $5,052/year ($421/month)

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