Are you looking forward to bigger savings at the end of the year? You might be wondering how long it takes for you to reach your financial goals and you ask yourself with 17 dollars an hour is how much a year?
Adulting is hard but budgeting your money for a week, a month, or even a year is even harder than you think.
When you get paid by the hour, it’s not always clear how much you’ll take home. That’s why we will be sharing in this article how much you will earn with $17 per hour in a year, in a month, and in a week. In addition to that, you can check out our list of jobs that offer $17 per hour and get some tips on how to live on $17 an hour.
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How Much is $17 an Hour Yearly?
How much is your salary per year if you are paid $17 an hour? You will have to multiply your base salary of $17 by the number of hours, weeks, and months you work in a year.
Suppose you work 52 weeks of the year and work full-time, that would be a total of 40 hours per week on average.
40 hours multiplied by 52 weeks is 2,080 hours in a year. Multiply your salary an hour to the number of hours in a year.
$17 per hour multiplied by 2,080 hours in a year is a total annual income of $35,360 per year.
How Much Is $17 An Hour Monthly?
In today’s economy, businesses are suffering huge losses and people are learning to adapt to the new normal. Having a job is not something to take lightly especially when others are having a hard time finding one.
Before you compute your total earnings in a month when making $17 an hour, you will need to know how many hours you work in a day.
Keep in mind that each month has different working hours and there are months that have less working hours. To compute your annual hours on a monthly basis, the number of hours you have worked in a year will be divided by the average of 12 months in the year.
To know how many working hours there are in a month, divide the total working hours in a year by 12 (months) and the answer will be the total working hours in a month. There are 2,096 working hours a year, divided by 12 which would be a total of 175 working hours per month on average.
To compute your monthly income, multiply $17 an hour by 175 hours worked and the total will be $2,975.
For manual computation you will have to multiply the number of work hours in a day to the $17 wage rate then the result will be multiplied by the number of days you have worked in a week. The total will be multiplied to 4 (number of weeks in a month) then you can see your total monthly salary.
There may be a difference with the total if you have worked more than the allocated hours or you got overtime pay.
That’s a lot of numbers! Better get your salary calculators ready.
How Much Is $17 An Hour Per Week?
How about a weekly computation? We hear you! If you want to break your salary down to a week, you just have to multiply $17 to the number of hours you have worked in a week.
Assuming you worked 8 hours a day multiplied by 5 (days), you will get a total of 40 hours. Multiply that by $17 and you will get a total of $680 as your weekly income.
If you worked for 30 hours a week your total average weekly income is $510.
For 20 hours a week, your weekly salary is $340.
If you are a part-time worker and you worked 15 hours a week your total income per week is $255.
It’s easy, right? Hang in there!
How Much Will I Earn for $17 an Hour Bi-Weekly?
If you are being paid bi-weekly as agreed by both you and your employer, here’s how to calculate it.
Let’s say you work two 40 hour full-time weeks that would be a total of 80 hours. You will be paid $1,360.
If you work two half-time 20 hour weeks for a total of 40 hours, your weekly salary is $680.
Now, if you work two part-time jobs 30 hours per week for a total of 60 hours, your bi-weekly salary would be $1,020.
How Much Will I Earn if I Have Unpaid Leave?
Every minute is important for us, so it is important for us to take some time off. Both for your physical and mental health. Now, if you don’t get paid time off, how much will you earn?
Suppose you work for 50 weeks in the entire year and you have 2 weeks of unpaid leave. Let’s say you work 40 hours a week,
The number of hours (40) will be multiplied by 50 weeks equals 2,000 hours in a year.
Then multiply your hourly wage by the number of working hours in the year.
$17 an hour multiplied by 2,000 working hours and you will get a total annual salary of $34,000.
Is $17 An Hour Good?
There is no such thing as good or bad pay when it comes to your needs. As long as it puts food on the table, pays your bills, and keeps your house you have a great job!
$17 per hour is a good salary for most cities in the US. It’s double the minimum wage in the US and then some.
There’s a big portion of Americans who are making between $7.25 and $12 an hour, except for those places where the minimum wage rate is $15 an hour.
Now, if you calculate the cost of living in those areas such as New York, San Francisco, and Boston, where the rent is incredibly high and don’t even mention the taxes, it’s likely hard for people earning the minimum wage to make enough to cover their expenses.
If you are making $17 an hour, that’s a good and adequate wage to live a comfortable life.
$17 An Hour Jobs
Now that you know how to compute your salary per week, per month, and per year, it’s time for you to check out the jobs that offer $17 an hour!
We know how hard it is to look for a job that matches your skills and experiences. It’s a competition out there, so are you ready to show these employers what you are capable of?
Here are some of the jobs that pay $17 an hour:
- Work at Chick-fil-A in California.
- Customer service workers.
- Sales representatives, like retail sales associates, assistant route service, store supervisor, and many more.
- Virtual assistant jobs, including content writer, social media manager, photo editor, and website designer.
- Freelance and sell your skills. Marketable skills include things like writing, photo editing, or graphic design.
- Starting your own blog has become a popular way to make money, you can start in fifteen minutes.
- Build any of these high-income skills including digital marketing, copywriting, search engine optimization (SEO), trade skills, and software engineering.
Who would have thought that these occupations are paid $17 an hour?
Aside from a full-time job, there are also part-time jobs that you can get paid for $17 an hour such as:
- Fast-food summer jobs
- Warehouse associate
- Delivery drivers at DoorDash or Postmates
Currently, working remotely is the fastest-growing career you can easily get into with just a few gadgets like a computer desk, laptop, and even just with your phone. Remote work has a growth rate of 309% in March 2020 and is still continuing to rise.
Be confident you will land a job or two if you put your mind to it! Believe in yourself.
How To Live On $17 An Hour?
Ah, our favorite part of the article, the budgeting. The question that’s been running through our minds since the beginning is; how are we going to live with a $17 minimum hourly wage? How can I feed my family and at the same time pay my bills?
Is this enough? Do I have some savings left? You don’t have to fret, we are here to help! Channeling my inner budget nerd, let’s start with the common expenses.
Sample Monthly Budget for $17 hourly pay.
$2,975 less the total expenses of $2,380 leaving you with $595 for saving and investing. The budget is relatively small and it is fit for a single person who is renting an apartment together with their friends or roommates.
Yes, you can live on an hourly wage rate of $17. However, it highly depends on your living and family situation. If this budget doesn’t work for you, there are other ways for you to use that matches you. You can even read our budget rule article with this you get to learn more than just writing a list of your expenses.
Explore the world of budgeting. You’ll be amazed to discover how fun it is to do financial planning. You’re one step closer to being financially independent!
Some Ways to Earn Extra Money
We can’t depend on doing overtime hours to earn some extra cash. It may compromise your (mental and physical) health in the long term and you often can’t rely on consistent overtime hours. It’s better to have some side occupations like working part-time as a freelancer.
As a freelancer, you can work at your own pace and time. Plus the pay is above average. You can have a fixed wage or hourly wage. And as you get more experience, your salary will increase.
When your skillset includes negotiation, why not bargain a wage increase? All hard worker employees deserved to be compensated fairly for their work.
Here are a couple of other ways to make extra money:
- Find under the table jobs
- Try these ways to make $200 a day
- Flip things for profit
- Or build your own money-making machine
Overall – 17 Dollars an Hour is How Much A Year
Can you really live on a $17 an hour salary? Is it enough to cater to both your needs and wants? You can if you want to.
With 17 dollars an hour, you earn $35,360 per year, which isn’t bad.
$17 an hour is above the minimum wage and enough to live for some areas, considering you live alone. It will depend on how you really know what’s more important in your life and what you want to spend your money on.
Most people think that having a high-paying job is the secret to wealth and success. Sure, it’s easier. However, as your income increases many people increase their expenses too.
Learn the importance of budgeting, how to live a frugal lifestyle, look for ways to earn extra money, and spend less than you make. You will be surprised to see that you are doing good on $17 an hour.
17 Dollars An Hour Is How Much In A Year - Budget Focus? ›
$17 per hour multiplied by 2,080 hours in a year is a total annual income of $35,360 per year.How do I budget $17 an hour? ›
recommended budget percentages based on $17 per hour wage:
|Category||Ideal Percentages||Sample Monthly Budget|
$17 is actually very good pay. Many Americans are only making $15 or less per hour. If you work overtime, you can make 1 and 1/2 more per hour. You can buy a house but you might have to rent out some rooms in the first five years to help pay for then mortgage.How much is $17.00 dollars an hour annually? ›
Ready to make more money? $17 hourly is how much per year? If you make $17 per hour, your Yearly salary would be $35,360. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.How do you calculate annual budget? ›
- Calculate your net income.
- List monthly expenses.
- Label fixed and variable expenses.
- Determine average monthly costs for each expense.
- Make adjustments.
Based on a standard work week of 40 hours, a full-time employee works 2,080 hours per year (40 hours a week x 52 weeks a year). So if an employee earns $40,000 annually working 40 hours a week, they make about $19.23 an hour (40,000 divided by 2,080).How much is $17 an hour 30 hours a week annually? ›
$17 an hour is how much a year? If you make $17 an hour, your yearly salary would be $35,360.What is a livable hourly wage in America? ›
An analysis of the living wage (as calculated in December 2022 and reflecting a compensation being offered to an individual in 2023), compiling geographically specific expenditure data for food, childcare, health care, housing, transportation, and other necessities, finds that: The living wage in the United States is ...What is a good hourly wage to make a living? ›
|1 ADULT||2 ADULTS (BOTH WORKING)|
|0 Children||1 Child|
Takeaway. $50,000 per year is approximately $24.04 per hour, but it's not as simple as it may seem to convert annual salary to hourly pay. Information is accurate as of Feb. 15, 2023.
How much is $36,000 a year per hour? ›
A salary of $36,000 equates to a monthly pay of $3,000, weekly pay of $692, and an hourly wage of $17.31.How much is $45000 a year hourly? ›
That means, if you work the standard 40 hour work week, 52 weeks per year, you'd need to divide $45,000 by 2,080 hours (40 * 52). If this is your measure, $45,000 per year is $21.63 an hour.How much is $35000 a year hourly? ›
A $35,000 salary would bring in about $16.77 per hour if you work full-time. You can adjust that hourly rate if you work part-time, and vacation time will also be a factor.What is a good monthly budget? ›
The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants and 20% for savings or paying off debt. By regularly keeping your expenses balanced across these main spending areas, you can put your money to work more efficiently.What are the 3 types of budgets? ›
The three types of annual Government budgets based on estimates are Surplus Budget, Balanced Budget, and Deficit Budget.How to budget $5,000 a month? ›
Consider an individual who takes home $5,000 a month. Applying the 50/30/20 rule would give them a monthly budget of: 50% for mandatory expenses = $2,500. 20% to savings and debt repayment = $1,000.Can I live comfortably making 40k a year? ›
It is possible to live individually on a $40,000 income. In fact, you may be able to afford the average monthly expenses for a single person and work on your saving and investing goals. Your location will have the largest impact on how far your dollars will stretch.What is $20 an hour annually? ›
How much does a $20 An Hour make? As of Apr 30, 2023, the average annual pay for a $20 An Hour in the United States is $40,760 a year.Is 40k a livable wage? ›
A $40,000 a year salary can put you in the middle class in America. However, depending on where you live, your expenses, average spending, and how much debt you have accrued — a $40k salary can also put you in the lower-end of the middle class in today's world.How much is $17 an hour full time biweekly? ›
$17 hourly is how much per two weeks? If you make $17 per hour, your Biweekly salary would be $1,473. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.
How much is $17.50 an hour annually? ›
$17.50 an hour is $35,000 a year in annual income.
If you earn an hourly wage of $17.50 an hour and work for an average of 40 hours a week for 50 weeks a year, you'll earn a yearly salary of $35,000.
$17 hourly is how much per week? If you make $17 per hour, your Weekly salary would be $680.What is truly a livable wage? ›
For one full-time working adult with no children in 2022, the national average living wage is $17.46 per hour – or $36,311 annually.Is $15 an hour livable? ›
At this point, $15 is the wrong number to focus on. The average apartment rent is 36% higher than it was in 2012. The cost to a worker for family health coverage is 48% more. “In most of the country,” says Rolf, “$15 an hour wasn't enough to live on then, and it's not enough anywhere in the country now.”How much is 70k a year hourly? ›
A annual salary of $70,000, working 40 hours per week — assuming it's a full-time job of 8 hours per day and no days off — will get you $33.65 per hour.Is $18 dollars an hour livable? ›
With an hourly wage of $18, you will make around $37,440 a year. This is enough to live on as long as you do not have dependents, and in high-growth industries such as manufacturing or health care, most jobs pay this much.Is $20 an hour enough to live on? ›
At this $20 hourly wage, you are close to double the minimum wage. Things should be easy to live off this $20 hourly salary. However, it is still below the median income of over $60,000 salary. That means it can still be a tough situation.How much money does a single person need to live comfortably? ›
The data used in the study analyzed the cost of living in each city as of 2022. For California cities like Los Angeles, Berkeley and San Diego, a single person must make more than $76,000 to “live comfortably,” the data shows.What is $100 000 per year hourly? ›
$100,000 is $48.08 an hour without vacation time.
If you work a full 40-hour week for 52 weeks, that amounts to 2,080 hours of work. So $100,000 a year in income divided by 2,080 is a $48.08 hourly wage.
How much is $100 K year hourly? ›
If you make $100,000 per year, your hourly salary would be $48.08.What is $1,000 per hour annually? ›
No mater how you cut it, though, $1,000 an hour is impressive. Bill the annual average of 2,200 hours and that's a nice $2.2 million in gross pay.What is $200 000 a year hourly? ›
If you make $200,000 per year, your hourly salary would be $96.15.How much is $3000 a month per hour? ›
If you make $3,000 a month, your hourly salary would be $17.31.What is 22.50 an hour annually? ›
$22.50 an hour is $45,000 a year in annual income.
If you earn an hourly wage of $22.50 an hour and work for an average of 40 hours a week for 50 weeks a year, you'll earn a yearly salary of $45,000. The calculation assumes 50 work weeks with an average of two weeks of holidays in a year.
$90,000 yearly is how much per hour? If you make $90,000 per year, your hourly salary would be $46.78. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.What is $50 per hour annually? ›
How much does a $50 Hour make? As of May 2, 2023, the average annual pay for a $50 Hour in the United States is $44,175 a year. Just in case you need a simple salary calculator, that works out to be approximately $21.24 an hour. This is the equivalent of $849/week or $3,681/month.What is $30000 a year hourly? ›
An annual salary of $30,000, working 40 hours per week (assuming it's a full-time job of 8 hours per day), will get you $14.71 per hour.Is 35k a year livable? ›
A single person will spend much less than if you need to provide for someone else. What is this? Your living expenses and ideal budget are much less. Thus, you can live comfortably on $35000 per year.How much is $3500 a month per hour? ›
If you make $3,500 a month, your hourly salary would be $20.19.
What is the best salary budget? ›
The rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must-have or must-do. The remaining half should be split up between 20% savings and debt repayment and 30% to everything else that you might want.How much money should I have saved by 30? ›
The general rule of thumb is to have at least six months' worth of income saved by age 30. This may seem like a lot, but it's important to remember that life is unpredictable, and emergencies happen.How do I stop living paycheck to paycheck? ›
- 7 Tips on How To Stop Living Paycheck to Paycheck. Spending money is too easy, especially when there is less to go around. ...
- Create a Budget. ...
- Reduce Nonessentials. ...
- Start an Emergency Fund. ...
- Try a Savings Challenge. ...
- Use a Budgeting App. ...
- Start a Side Hustle. ...
- Live Beneath Your Means.
A top-level budget is the most broad version of a company's spending plan. It relies on top managers or business owners having deep understanding of the costs and relative importance of each piece of the business.How do you start a budget for beginners? ›
- Make a list of your values. Write down what matters to you and then put your values in order.
- Set your goals.
- Determine your income. ...
- Determine your expenses. ...
- Create your budget. ...
- Pay yourself first! ...
- Be careful with credit cards. ...
- Check back periodically.
$2,000 a month is how much a year? If you make $2,000 a month, your yearly salary would be $24,003.20.Is $1,000 dollar enough for a month? ›
Even under the best circumstances, $1,000 per month is not a huge amount of money. Try to live on $12,000 a year and your quality of life will be less than stellar in the best-case scenario.How to save $1,000 dollars in 6 months? ›
- Open a savings account. My oldest daughter once saved $800. ...
- Automate. Does money burn a hole in your pocket? ...
- Cut back. You should be able to find areas where you can reduce spending. ...
- Cut out. On the other hand, some spending needs to go. ...
- Don't give up. ...
- Work both ends of your budget.
$17 hourly is how much per two weeks? If you make $17 per hour, your Biweekly salary would be $1,473. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.What is $17 an hour 40 hours a week salary? ›
How Much Is $17 An Hour Per Week? If you want to break it out by week, let's assume your working a normal 40-hour week. So to calculate your weekly income, see below: $17 an hour multiplied by 40 hours per week is $680 per week income.
How much is 17 dollars an hour semi monthly? ›
At $17 an hour, you'd make $2,975 per month, assuming you work all the weekdays in the month. If you take time off unpaid, the amount drops.What is $17.50 annually 40 hours a week? ›
$17.50 an hour is $36,400 without vacation time.
If you work a full 40-hour week for 52 weeks, that amounts to 2,080 hours of work. So $17.50 an hour in income times 2,080 is $36,400 salary per year.
$50,000 per year is approximately $24.04 per hour, but it's not as simple as it may seem to convert annual salary to hourly pay. Information is accurate as of Feb. 15, 2023.How much is $49,000 salary to 40 hours a week? ›
$49,000 is $24.50 an hour.
$24.50 is the hourly wage a person who earns a $49,000 salary will make if they work 2,000 hours in a year for an average of 40 hours per week, with two weeks of total holidays.
An average person works about 40 hours per week, which means if they make $45,000 a year, they earn $21.63 per hour.How much should I be making at 30? ›
Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.What is $18.00 an hour Yearly? ›
Exactly how much is $18 an hour per year? If you're working full time, $18 an hour equals $37,440 per year. To get this number, multiply your hours per week — 40 for full time — by the number of weeks per year — 52.What is 3000 dollars a month to hourly? ›
If you make $3,000 a month, your hourly salary would be $17.31.How much is $2100 a month per hour? ›
If you make $2,100 a month, your hourly salary would be $12.12.