$24 an hour by pay period
For a full-time job of 40 hours a week, before taxes:
| Pay period | 52 paid weeks | 50 paid weeks (2 weeks unpaid) |
|---|---|---|
| Per year | $49,920 | $48,000 |
| Per month | $4,160 | $4,000 |
| Per two weeks (biweekly) | $1,920 | $1,846.15 |
| Per week | $960 | $960 |
| Per day (8 hours) | $192 | $192 |
How to calculate it
A full-time year has 2,080 working hours (40 × 52). For a quick estimate, double the hourly wage and add three zeros: $24 → about $48,000. Every extra $1 an hour adds $2,080 a year.
Part-time and overtime at $24 an hour
Overtime above 40 hours a week is paid at time and a half ($36 an hour), as required for most hourly workers under the Fair Labor Standards Act.
| Hours per week | Weekly | Monthly | Yearly |
|---|---|---|---|
| 10 | $240 | $1,040 | $12,480 |
| 15 | $360 | $1,560 | $18,720 |
| 20 | $480 | $2,080 | $24,960 |
| 25 | $600 | $2,600 | $31,200 |
| 30 | $720 | $3,120 | $37,440 |
| 35 | $840 | $3,640 | $43,680 |
| 40 | $960 | $4,160 | $49,920 |
| 45 (5 h overtime) | $1,140 | $4,940 | $59,280 |
| 50 (10 h overtime) | $1,320 | $5,720 | $68,640 |
$24 an hour after taxes
Take-home pay depends on your state, filing status, benefits and retirement contributions. Social Security and Medicare alone take 7.65%, and federal and state income taxes add more. Here is what $49,920 a year looks like at different total withholding rates:
| Share withheld for taxes | Take-home per year | Per month | Per biweekly check |
|---|---|---|---|
| 15% | $42,432 | $3,536 | $1,632 |
| 20% | $39,936 | $3,328 | $1,536 |
| 25% | $37,440 | $3,120 | $1,440 |
| 30% | $34,944 | $2,912 | $1,344 |
What can you afford on $24 an hour?
- Rent: the common 30% rule suggests spending no more than about $1,248 a month on rent (30% of $4,160 gross monthly pay).
- Home buying: lenders' 28% guideline allows a housing payment of about $1,165 a month — see the home affordability calculator.
- Compared with the federal minimum wage of $7.25, $24 an hour is 3.3 times as much.
Nearby hourly wages
| Hourly wage | Per month | Per year |
|---|---|---|
| $21 an hour | $3,640 | $43,680 |
| $22 an hour | $3,813 | $45,760 |
| $23 an hour | $3,987 | $47,840 |
| $24 an hour | $4,160 | $49,920 |
| $25 an hour | $4,333 | $52,000 |
| $26 an hour | $4,507 | $54,080 |
| $27 an hour | $4,680 | $56,160 |
See every wage from $10 to $100 in the hourly to salary chart, or go the other way with $50,000 a year.
Frequently asked questions
How much is $24 an hour per year?
$24 an hour is $49,920 a year before taxes, assuming 40 hours a week for 52 weeks (2,080 hours). With two weeks of unpaid time off it is $48,000.
How much is $24 an hour per month?
About $4,160 a month before taxes ($49,920 ÷ 12). A four-week month of work pays $3,840.
How much is $24 an hour biweekly?
A biweekly paycheck covers 80 hours, so $24 an hour is $1,920 every two weeks before taxes.
How much is $24 an hour part time?
At 20 hours a week, $24 an hour is $480 a week or $24,960 a year. At 30 hours a week it is $720 a week or $37,440 a year.
How much is $24 an hour after taxes?
It depends on your location and situation. If 20% of your pay is withheld for taxes, $49,920 becomes about $39,936 a year ($3,328 a month); at 25%, about $37,440 a year.
Results are estimates for educational purposes and are not financial advice. Actual loan terms, rates, taxes and fees vary by lender and location — confirm figures with a qualified professional before making decisions.
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