$24 an Hour Is How Much a Year?
$24 an hour is $49,920 a year full-time, about $3,524 a month after federal taxes.
Updated October 2026
Formula: $24 × 40 hours × 52 weeks = $49,920. Shortcut: double the hourly rate and read it in thousands ($24 × 2 ≈ $48k).
Adjust hours, weeks, and time off →$24 an hour by pay period (full-time)
| Pay period | Gross pay |
|---|---|
| Daily (8 hours) | $192.00 |
| Weekly (40 hours) | $960.00 |
| Biweekly (80 hours) | $1,920.00 |
| Monthly (173.3 hours avg.) | $4,160.00 |
| Annual (2,080 hours) | $49,920 |
$24 an hour part-time
Hourly workers rarely get exactly 40 hours. Here’s what $24 an hour earns at common schedules:
| Hours/week | Weekly | Monthly | Annual |
|---|---|---|---|
| 10 | $240.00 | $1,040 | $12,480 |
| 15 | $360.00 | $1,560 | $18,720 |
| 20 | $480.00 | $2,080 | $24,960 |
| 25 | $600.00 | $2,600 | $31,200 |
| 30 | $720.00 | $3,120 | $37,440 |
| 35 | $840.00 | $3,640 | $43,680 |
| 40 | $960.00 | $4,160 | $49,920 |
Overtime at $24 an hour
Under federal law, non-exempt employees earn 1.5× their rate for hours over 40 in a week: $36.00 per overtime hour. Overtime adds up quickly:
| Schedule | Weekly | Annual |
|---|---|---|
| 40 hours, no overtime | $960.00 | $49,920 |
| 40 hours + 5 overtime | $1,140.00 | $59,280 |
| 40 hours + 10 overtime | $1,320.00 | $68,640 |
$24 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 | $49,920 | $4,160 | $24.00 |
| Federal income tax | −$3,810 | −$318 | −$1.83 |
| Social Security + Medicare | −$3,819 | −$318 | −$1.84 |
| Take-home (no state tax) | $42,291 | $3,524 | $20.33 |
| Take-home in California | $41,050 | $3,421 | $19.74 |
Effective federal tax rate: about 15.3%. Get your exact number, including your state and 401(k), in the take-home pay calculator.
Is $24 an hour good pay?
Full-time, $24 an hour is $49,920 a year, 20% below the median full-time US worker (about $62,200) and 3.3× the federal minimum wage. It covers a modest single-person budget in lower-cost areas, and is hard to live on alone in major metros. Using the 30% rule on take-home pay, rent should stay under about $1,057/month.
Nearby hourly rates
| Hourly | Annual | Monthly | Take-home (est.) |
|---|---|---|---|
| $19 an hour | $39,520 | $3,293 | $33,934 |
| $20 an hour | $41,600 | $3,467 | $35,606 |
| $21 an hour | $43,680 | $3,640 | $37,277 |
| $22 an hour | $45,760 | $3,813 | $38,948 |
| $23 an hour | $47,840 | $3,987 | $40,619 |
| $25 an hour | $52,000 | $4,333 | $43,962 |
| $26 an hour | $54,080 | $4,507 | $45,633 |
| $27 an hour | $56,160 | $4,680 | $47,305 |
| $28 an hour | $58,240 | $4,853 | $48,976 |
| $29 an hour | $60,320 | $5,027 | $50,647 |
Going the other direction: $50,000 a year is how much an hour?
Frequently asked questions
How much is $24 an hour annually?
$24 an hour is $49,920 a year at 40 hours a week for 52 weeks. If you take two unpaid weeks off, it's $48,000.
How much is $24 an hour per month?
About $4,160 a month before taxes ($24 × 2,080 hours ÷ 12). After federal tax and FICA a single filer keeps roughly $3,524 in a state with no income tax.
What is $24 an hour after taxes?
Roughly $20.33 per hour, or $42,291 a year, for a single filer using 2026 federal brackets with no state tax. In California it's closer to $41,050 a year.
Is $24 an hour good pay?
$24 an hour ($49,920/yr) is 20% below the median full-time US worker and 3.3× 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.