$24,000 a Year Is How Much an Hour?
A $24,000 salary is $11.54 per hour at 40 hours a week, or about $1,781 a month after federal taxes.
Updated October 2026
Formula: $24,000 ÷ 2,080 working hours (40 hrs × 52 weeks) = $11.54. Paid time off is included in a salary, so this is your rate per paid hour.
Adjust hours, weeks, and time off →$24,000 a year by pay period
Gross pay (before taxes) for a $24,000 salary, depending on how often you’re paid:
| Pay period | Gross pay | Notes |
|---|---|---|
| Hourly | $11.54 | 40 hrs/week, 52 weeks |
| Daily | $92.31 | 8-hour day |
| Weekly | $461.54 | |
| Biweekly | $923.08 | 26 paychecks |
| Semi-monthly | $1,000.00 | 24 paychecks |
| Monthly | $2,000.00 | |
| Annual | $24,000 |
$24,000 a year is how much an hour at different hours per week?
The 2,080-hour standard assumes 40 hours a week. If you work more or fewer hours, your effective hourly rate changes:
| Hours per week | Hours per year | Hourly rate |
|---|---|---|
| 30 | 1,560 | $15.38 |
| 35 | 1,820 | $13.19 |
| 37.5 | 1,950 | $12.31 |
| 40 | 2,080 | $11.54 |
| 45 | 2,340 | $10.26 |
| 50 | 2,600 | $9.23 |
$24,000 a year after taxes (2026)
Taxes take a real bite. For a single filer with no pre-tax deductions, using the 2026 federal brackets, the $16,100 standard deduction, and 7.65% FICA:
| Item | Annual | Monthly | Biweekly |
|---|---|---|---|
| Gross salary | $24,000 | $2,000 | $923 |
| Federal income tax | −$790 | −$66 | −$30 |
| Social Security + Medicare | −$1,836 | −$153 | −$71 |
| Take-home (no state tax) | $21,374 | $1,781 | $822 |
| Take-home in California | $21,112 | $1,759 | $812 |
| Take-home in New York | $20,659 | $1,722 | $795 |
| Take-home if married filing jointly (one income, no state tax) | $22,164 | $1,847 | $852 |
That’s an effective federal tax rate of about 10.9%, and an after-tax hourly wage of roughly $10.28. A 401(k) contribution, health premiums, or a state with income tax will change these figures; run your exact numbers in the take-home pay calculator or pick your state from the paycheck calculator by state.
What $24,000 a year can afford
- Housing (28% rule): lenders like your total housing payment under 28% of gross income, about $560/month. At current rates that supports a home price in the neighborhood of $65,000 with 10% down; see exactly what you can afford in the home affordability calculator.
- Rent (30% of take-home): about $534/month.
- 50/30/20 budget on take-home pay: $891 needs · $534 wants · $356 savings. See the budget calculator.
- Retirement: saving 15% ($3,600/yr, $300/mo) from age 30 at 7% would grow to roughly $540,000 by 65. Model it in the retirement calculator.
Is $24,000 a good salary?
$24,000 is about 61% below the median full-time US worker (roughly $62,200 per year, per the Bureau of Labor Statistics). It's below a comfortable single-person budget in most US cities, and near the threshold where the Earned Income Tax Credit and other credits may apply. Cost of living matters more than the number: the same salary buys about 40% more housing in Houston or Columbus than in Los Angeles or Boston.
Nearby salaries
| Salary | Hourly | Monthly | Take-home (est.) |
|---|---|---|---|
| $20,000 a year | $9.62 | $1,667 | $18,080 |
| $21,000 a year | $10.10 | $1,750 | $18,904 |
| $22,000 a year | $10.58 | $1,833 | $19,727 |
| $23,000 a year | $11.06 | $1,917 | $20,551 |
| $25,000 a year | $12.02 | $2,083 | $22,198 |
| $26,000 a year | $12.50 | $2,167 | $23,021 |
| $27,000 a year | $12.98 | $2,250 | $23,845 |
| $28,000 a year | $13.46 | $2,333 | $24,668 |
| $29,000 a year | $13.94 | $2,417 | $25,482 |
Going the other direction: $12 an hour is how much a year?
$24,000 after taxes by state
State income tax changes the picture. Pick your state for a calculator with its rate built in:
TexasCaliforniaFloridaNew YorkIllinoisPennsylvaniaOhioGeorgiaNorth CarolinaMichiganNew JerseyVirginiaWashingtonArizonaMassachusettsColoradoAll states →
Frequently asked questions
How much is $24,000 a year per hour?
$24,000 a year works out to $11.54 per hour if you work 40 hours a week for 52 weeks (2,080 hours). Working 35 hours a week it's $13.19 an hour.
How much is $24,000 a year biweekly?
$923.08 before taxes every two weeks (26 paychecks a year). After federal income tax and FICA, a single filer takes home roughly $822.08 per biweekly check in a state with no income tax.
What is $24,000 a year after taxes?
About $21,374 a year ($1,781 a month) for a single filer using the 2026 standard deduction, before any state income tax. In California it's closer to $21,112; in New York about $20,659.
Is $24,000 a good salary?
It is 61% below the median full-time US worker (about $62,200). Whether it's comfortable depends on your city: the 28% rule suggests a housing budget of about $560 a month, which goes much further in Texas than in San Francisco.
Estimates use 2026 federal tax brackets, the standard deduction, and no credits or pre-tax deductions. State figures use a representative effective rate. Educational only, not tax advice.