$15 an Hour Is How Much a Year?
$15 an hour is $31,200 a year full-time, about $2,271 a month after federal taxes.
Updated October 2026
Formula: $15 × 40 hours × 52 weeks = $31,200. Shortcut: double the hourly rate and read it in thousands ($15 × 2 ≈ $30k).
Adjust hours, weeks, and time off →$15 an hour by pay period (full-time)
| Pay period | Gross pay |
|---|---|
| Daily (8 hours) | $120.00 |
| Weekly (40 hours) | $600.00 |
| Biweekly (80 hours) | $1,200.00 |
| Monthly (173.3 hours avg.) | $2,600.00 |
| Annual (2,080 hours) | $31,200 |
$15 an hour part-time
Hourly workers rarely get exactly 40 hours. Here’s what $15 an hour earns at common schedules:
| Hours/week | Weekly | Monthly | Annual |
|---|---|---|---|
| 10 | $150.00 | $650 | $7,800 |
| 15 | $225.00 | $975 | $11,700 |
| 20 | $300.00 | $1,300 | $15,600 |
| 25 | $375.00 | $1,625 | $19,500 |
| 30 | $450.00 | $1,950 | $23,400 |
| 35 | $525.00 | $2,275 | $27,300 |
| 40 | $600.00 | $2,600 | $31,200 |
Overtime at $15 an hour
Under federal law, non-exempt employees earn 1.5× their rate for hours over 40 in a week: $22.50 per overtime hour. Overtime adds up quickly:
| Schedule | Weekly | Annual |
|---|---|---|
| 40 hours, no overtime | $600.00 | $31,200 |
| 40 hours + 5 overtime | $712.50 | $37,050 |
| 40 hours + 10 overtime | $825.00 | $42,900 |
$15 an hour after taxes (2026)
For a single filer working full-time with no pre-tax deductions, using 2026 federal brackets and the standard deduction:
| Item | Annual | Monthly | Per hour |
|---|---|---|---|
| Gross pay | $31,200 | $2,600 | $15.00 |
| Federal income tax | −$1,564 | −$130 | −$0.75 |
| Social Security + Medicare | −$2,387 | −$199 | −$1.15 |
| Take-home (no state tax) | $27,249 | $2,271 | $13.10 |
| Take-home in California | $26,840 | $2,237 | $12.90 |
Effective federal tax rate: about 12.7%. Get your exact number, including your state and 401(k), in the take-home pay calculator.
Is $15 an hour good pay?
Full-time, $15 an hour is $31,200 a year, 50% below the median full-time US worker (about $62,200) and 2.1× the federal minimum wage. It's near the low end of the US wage scale; 30 states now have minimum wages above $10, and several cities are above $17. Using the 30% rule on take-home pay, rent should stay under about $681/month.
Nearby hourly rates
| Hourly | Annual | Monthly | Take-home (est.) |
|---|---|---|---|
| $10 an hour | $20,800 | $1,733 | $18,739 |
| $11 an hour | $22,880 | $1,907 | $20,452 |
| $12 an hour | $24,960 | $2,080 | $22,165 |
| $13 an hour | $27,040 | $2,253 | $23,877 |
| $14 an hour | $29,120 | $2,427 | $25,578 |
| $16 an hour | $33,280 | $2,773 | $28,920 |
| $17 an hour | $35,360 | $2,947 | $30,592 |
| $18 an hour | $37,440 | $3,120 | $32,263 |
| $19 an hour | $39,520 | $3,293 | $33,934 |
| $20 an hour | $41,600 | $3,467 | $35,606 |
Going the other direction: $31,000 a year is how much an hour?
Frequently asked questions
How much is $15 an hour annually?
$15 an hour is $31,200 a year at 40 hours a week for 52 weeks. If you take two unpaid weeks off, it's $30,000.
How much is $15 an hour per month?
About $2,600 a month before taxes ($15 × 2,080 hours ÷ 12). After federal tax and FICA a single filer keeps roughly $2,271 in a state with no income tax.
What is $15 an hour after taxes?
Roughly $13.10 per hour, or $27,249 a year, for a single filer using 2026 federal brackets with no state tax. In California it's closer to $26,840 a year.
Is $15 an hour good pay?
$15 an hour ($31,200/yr) is 50% below the median full-time US worker and 2.1× the federal minimum wage of $7.25. It goes further in low-cost states than in coastal cities.
Estimates use 2026 federal tax brackets, the standard deduction, and no credits or pre-tax deductions. Educational only, not tax advice.