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$15 an Hour Is How Much a Year?
$15 an hour is $31,200 per year working full-time (40 hrs/week, 52 weeks).
| Period | $15/hr (full-time) |
|---|---|
| Annual | $31,200 |
| Monthly | $2,600.00 |
| Bi-weekly | $1,200.00 |
| Weekly | $600.00 |
| Daily (8 hrs) | $120.00 |
Reviewed for accuracy June 2026 by Gary Sing
Annual salary
$31,200
Monthly
$2,600.00
Bi-weekly
$1,200.00
Weekly
$600.00
$15.00/hr → $31,200/year — below living wage in most US markets
At $15.00/hr, annual income of $31,200 falls below ~$40,000 — a level where housing, healthcare, and savings goals are difficult to balance in most US metro areas. A $5/hr raise adds $10,400/year.
- ›$15.00/hr × 40 hrs/week × 52 weeks = $31,200/year ($2,600/month)
- ›Each $1/hr raise adds $2,080 to annual income — a 6.7% increase
⚡ At $15.00/hr, each hour worked nets ~$11.25 after estimated taxes — time is the constrained resource at this wage level
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Is $15 an hour a good wage?
$15/hr produces $31,200/year — above the federal poverty line for a single person but below the US median individual income (~$58,000). This wage is workable in lower-cost metros but tight in high-cost cities. Employer benefits (health insurance, 401k match, paid time off) can add $8,000–$15,000 in annual value on top of the base wage.
$15 an hour annual salary — full schedule
All figures assume the same $15/hr rate. Hours worked per week and weeks per year are the only variables.
| Period | Full-time (40 hrs) | Part-time (30 hrs) | Part-time (20 hrs) |
|---|---|---|---|
| Hourly | $15.00 | $15.00 | $15.00 |
| Daily (hrs worked) | $120.00 | $90.00 | $60.00 |
| Weekly | $600.00 | $450.00 | $300.00 |
| Bi-weekly | $1,200.00 | $900.00 | $600.00 |
| Semi-monthly | $1,300.00 | $975.00 | $650.00 |
| Monthly | $2,600.00 | $1,950.00 | $1,300.00 |
| Annual | $31,200 | $23,400 | $15,600 |
$15 an hour take-home pay after taxes (estimated)
Estimate for a single filer with no retirement contributions. Federal tax uses 2026 brackets with the ~$15,000 standard deduction. State tax assumes a 5% blended average — use the Paycheck Calculator for your exact state rate.
| Deduction | Annual amount | Per bi-weekly paycheck |
|---|---|---|
| Gross pay | $31,200 | $1,200.00 |
| Federal income tax | −$1,705.50 | −$65.60 |
| State income tax (~5%) | −$1,560.00 | −$60.00 |
| FICA (Social Security + Medicare 7.65%) | −$2,386.80 | −$91.80 |
| Estimated take-home | $25,548 | $982.60 |
Illustrative estimate only. Does not include 401k, health insurance, or other deductions. Use the calculator above with your actual inputs for a personalised figure.
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$15 an hour — frequently asked questions
$15 an hour is how much a year?
$15 an hour is $31,200 per year working full-time (40 hours per week, 52 weeks per year — 2,080 total hours). Monthly that is $2,600.00, bi-weekly $1,200.00, and weekly $600.00.
How much is $15 an hour per month?
$15 an hour equals $2,600.00 per month based on full-time hours (2,080 hours per year ÷ 12 months). If paid semi-monthly (24 paychecks per year), each paycheck would be $1,300.00.
Is $15 an hour a good wage in 2026?
$15/hr produces $31,200/year — above the federal poverty line for a single person but below the US median individual income (~$58,000). This wage is workable in lower-cost metros but tight in high-cost cities. Employer benefits (health insurance, 401k match, paid time off) can add $8,000–$15,000 in annual value on top of the base wage.
How much is $15 an hour after taxes?
For a single filer with no additional deductions, $15/hr ($31,200/year) results in an estimated take-home of approximately $25,548/year — roughly $982.60 per bi-weekly paycheck. This estimate applies 2026 federal brackets, FICA (7.65%), and an assumed 5% state income tax. Actual take-home varies by filing status, state, and deductions.
How many work hours a year is a $31,200 salary?
A $31,200 annual salary at $15/hr is based on 2,080 hours per year (40 hours/week × 52 weeks). If you work fewer weeks — for example, 50 weeks with 2 weeks of unpaid time off — the calculation becomes $15 × 40 × 50 = $30,000/year.