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$$24 an Hour Is How Much a Year?
$24 an hour × 40 hours a week × 52 weeks = $49,920 before taxes.
$24 an hour by pay period (full time)
| Pay period | Gross pay |
|---|---|
| Hourly | $24.00 |
| Daily (8 hours) | $192.00 |
| Weekly (40 hours) | $960.00 |
| Biweekly (80 hours) | $1,920.00 |
| Semi-monthly (24 paychecks) | $2,080.00 |
| Monthly | $4,160.00 |
| Yearly (2,080 hours) | $49,920.00 |
$24 an hour part time and with overtime
| Schedule | Weekly | Monthly | Yearly |
|---|---|---|---|
| 20 hours/week | $480.00 | $2,080.00 | $24,960 |
| 25 hours/week | $600.00 | $2,600.00 | $31,200 |
| 30 hours/week | $720.00 | $3,120.00 | $37,440 |
| 32 hours/week | $768.00 | $3,328.00 | $39,936 |
| 35 hours/week | $840.00 | $3,640.00 | $43,680 |
| 40 hours/week | $960.00 | $4,160.00 | $49,920 |
| 45 hours/week | $1,080.00 | $4,680.00 | $56,160 |
The 45-hour row is straight time. If you are a non-exempt employee covered by the federal Fair Labor Standards Act, hours over 40 in a workweek are paid at least time and a half, which is $36.00 an hour for you. Five overtime hours a week would add $180.00 a week, or $9,360 a year. Try the overtime calculator.
Is $24 an hour a good wage?
$24 an hour is 3.3 times the federal minimum wage of $7.25 and about 2% below the U.S. median wage for all workers, $24.51 an hour ($50,980 a year, Bureau of Labor Statistics, May 2025). Whether it is enough depends heavily on where you live; rent and living costs differ widely between states and cities.
What about taxes?
The figures above are gross pay. Every paycheck has Social Security (6.2%) and Medicare (1.45%) taken out, which is $3,818.88 a year on $49,920. Federal income tax, state income tax and any health insurance or retirement contributions come out on top of that, so take-home pay is usually noticeably lower.
Other hourly wages
Sources: 2,080 hours = 40 hours × 52 weeks. Median wage: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025. Federal minimum wage and overtime: U.S. Department of Labor. Social Security and Medicare rates: IRS.
Frequently asked questions
$24 an hour is how much a year?
$49,920 a year before taxes, based on a full-time schedule of 40 hours a week for 52 weeks (2,080 hours). With two weeks of unpaid time off (50 weeks) it is $48,000.
How much is $24 an hour a month?
About $4,160.00 a month before taxes (yearly pay divided by 12). Paid every two weeks, each paycheck is $1,920.00 gross.
How much is $24 an hour after taxes?
It depends on your state, filing status and deductions. Social Security and Medicare alone take 7.65% ($3,818.88 a year), and federal and state income tax come out on top of that.
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Last reviewed: 2026-10-18