Pineapple Money - A Personal Finance Blog (2023)

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Do you want to know how much $114,000 a year is per hour? Perhaps you've been offered a position with this salary, but you're not sure if it will be enough.

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Everyone has a different outlook on life and has individual goals and ambitions. The question we are posing is if earning 114k a year is good. If you are at the end of your career or just beginning you will have a different perspective.

$60,000 A Year Is How Much An Hour?

$60,000 A Year Is How Much An Hour?

The Bureau of Labor Statistics (BLS) states that the median weekly income in the United States is $1,085. That is just over $27 an hour, and just over $56,000 a year.

Is $114,000 a good salary? That is dependent on a few factors that derive your cost of living. If you live in a high-cost-of-living area and are living at your parent’s place your situation varies greatly from another person who has a large family and is living in rural Arkansas.

It’s called personal finance for a reason. It’s personal.

$114,000 a Year is How Much an Hour?

Let’s do some quick math here. If you work a 40-hour work week with no paid time off (PTO), you work 2080 hours a year.

$114,000 / 2080 = $54 an hour

That means you’ll be making $54 an hour if you make $114,000 a year and have no paid time off.

Now, what if you have a salaried position with two weeks of paid vacation time each year? That means that you are working 2000 hours a year, and increases your hourly rate.

$114,000 / 2000 = $57 an hour

That comes out to exactly $57 an hour if you get 2 weeks of paid vacation each year. That makes for easy math if you want to calculate the number of hours of work until you can afford to buy another share of NFLX or more BTC.

$114,000 a Year is How Much a Month?

If you are getting paid monthly then you will have 12 pay periods in a year. That means that to calculate how much 114k a year is per month you will need to divide 114k by 12.

$114,000 / 12 = $9500 per month

That means that every month before taxes you will be bringing $9500 in gross pay. That’s a fair amount of money. After taxes that amount could be between $6650 - $8075. Depending on your unique circumstances, you could even have money to invest each month.

$114,000 a Year is How Much After Taxes?

Roughly, if you make a yearly salary of $114,000 you will need to pay between $18.24k to $27.36k in taxes. Let’s be conservative and estimate based on the higher taxes of $27.36k. We are also going to assume that you get two weeks of paid vacation per year.

($114,000 - $27360) / 2080 = $41 an hour

That means that after taxes you will have an hourly wage of $41, which is above the minimum wage. If you know the tax rates for your state and your circumstances you can modify the equation above to determine what your hourly pay is after taxes.

How Much is Your Paycheck if You Make $114k a Year?

That depends on how frequently you get paid, and what state taxes and federal taxes you are liable for. Here are some rough calculations for a few varying cases.

($114,000 - $18240) / 52 = $1841 per paycheck

($114,000 - $27360) / 52 = $1666 per paycheck

If you have weekly pay, you could get a check for $1666 - $1841, depending on your tax liabilities.

Now, what if you get paid biweekly? We can quickly do the math by dividing the total amount paid minus taxes by the number of biweekly pay periods in a year.

($114,000 - $18240) / 26 = $3683 per paycheck

($114,000 - $27360) / 26 = $3332 per paycheck

If you get paid biweekly, you could get a check for $3332 - $3683, it all depends on how much taxes you owe the government.

Hey, I don’t get paid weekly, or biweekly. I get paid twice a month, now what?

We can also do the math for getting paid twice a month.

($114,000 - $18240) / 24 = $3990 per paycheck

($114,000 - $27360) / 24 = $3610 per paycheck

When you get paid twice a month, you’ll see that you could get a paycheck of anywhere between $3610 - $3990. Again this is all dependent upon your tax liabilities.

$114,000 Salary Breakdown

This breakdown of a $114,000 annual salary is based on the calculations we made above. It is using simple tax scenarios. You will want to use your own tax numbers to determine your specific scenario.

$114,000 a Year Income
Estimated After-Tax Hourly Pay $41
Estimated After-Tax Monthly Pay $7220
Hourly Pay $54
Daily Pay $438
Weekly Pay $2192
Biweekly Pay $4384
Monthly Pay $9500
Yearly Pay $114,000

Is $114,000 a Year a Good Salary in the US?

Yes. if you are making $114,000 a year you are making the average salary in the US. If you are living in a low-cost-of-living area you will be able to stretch your dollars even further. You probably won’t be buying a mansion, but the average person making $228000 a year won’t be either.

The most important factor with any salary is to budget, invest and spend within your means. If you avoid bad debt, your dollars will stretch even further and be able to be put to work.

How Much is a $114,000 Salary Compared to All Americans?

The latest reported median household income for Americans was $70,784. All types of households are included in that figure meaning if there are five wage earners or one in a household they were all included.

Let’s take for example if in your household there is one earner making $114k a year, then you would fall above the median income for a household.

if in your household there are two earners that both are making $114,000 a year at your full-time job, the income of your household is $228000. At that level of income, your household is higher than the median household income.

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How Should I Budget a $114,000 Salary?

Just in case you are worried about what your budget would look like, I want to provide you with an example.

Budget Percentages Based on $114000 a Year Salary

The important thing to note for this sample budget is that it is based on the high end of the monthly take-home range at $8075. It also assumes that you are a single adult. If these numbers don’t work for you, feel free to change them up and let me know what you did!

Category $$$ % of Monthly Income
Mortgage / Rent $3135 33%
Transportation $475 5%
Utilities $475 5%
Insurance $237 2.5%
Internet $118 1.25%
Cellphone $47 .5%
Groceries $950 10%
Entertainment / Fun $475 5%
Personal / Misc $475 5%
Savings $1425 15%
Total $7813

With the monthly budget above, there was an excess of $8075 - $7813 = $261. That extra money every month you could put towards investments, paying off debts, or living large. The example above was for a single person, but if your circumstances are different feel free to change the numbers to better fit your needs.

How Much Should I Save Making $114,000 a Year?

You should save as much as you possibly can. You should save until it hurts, and then back up off the gas a little bit.

In the budget provided above, I showed a sample of saving 15% a month. That seems fairly doable if you are a single person. Now, if you are raising a family that might make things more difficult. I would recommend saving what you think is comfortable right now. Then next month find one area in your life that you can cut back on. Keep repeating that process until you find out what you need, and what you don’t. It will surprise you!

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How Much Rent Can I Afford On A $114,000 Salary?

If you are receiving an annual pay of $114k, you will be getting a monthly payment of around $8075 net pay. Most people, myself included, recommend spending no more than one-third of your income on housing. That would mean that you can afford $8075 / 3 = $3135.

Personally, if your life circumstances allow it and you are comfortable with it I would look into buying over renting. Now I know that all the digital nomads and the majority of the financial independence community will squawk at this. However, real estate is a solid investment strategy that has stood the test of time. According to Andrew Carnegie, “Ninety percent of all millionaires became so through owning real estate. More money has been made in real estate than in all industrial investments combined.”

I also know that your primary residence shouldn’t count as an investment, but owning one home makes it much easier to buy another and another and another. Pretty soon your average income from real estate could surpass your hourly salary and allow you more financial freedom.

Where Can I Live on $114000 a Year Comfortably?

There are a ton of places where you can live on a $114k income level and live a comfortable life. Your dollars will stretch much further if you avoid certain parts of the country like most coastal and larger metropolitan areas of the United States (San Francisco, New York City, etc).

Here is a list of five cities in the US worth mentioning (in no particular order):

  • Bristol, Tennessee / Virginia
  • Abilene, Texas
  • Cleveland, Ohio
  • Eugene, Oregon
  • Sioux Falls, South Dakota

As for places to live outside the US, the world is your oyster. There are dozens of countries where 114k US dollars a year would afford you an amazing lifestyle. Here are a few:

  • Thailand
  • Mexico
  • Curaçao
  • Argentina
  • India

In the end, it depends on what matters most to you. Write down a list and work backward from there. If you want to be close to friends and family, then that helps you narrow down your list of where you want to live. If you want to have lively nightlife, that helps narrow down your search as well.

Frequently Asked Questions

Can I Invest Making $114,000 a Year?

Yes! You can invest while making any salary and $114,000 is no different. I would recommend investing at any and every stage of your life. If your dollars aren’t working for you, they are working for someone else.

Start out investing what you feel comfortable with and go from there. Look into all of your investing potentials and do your own research. You will be amazed at how many options are out there to invest in.

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$114,000 a Year is How Much Biweekly?

Making $114,000 a year, your biweekly salary is $4384. You can find your biweekly salary by dividing your yearly income by 26. In this case, the equation would be $114,000 / 26 = $4384 per biweek.

$114,000 a Year is How Much a Week?

Making $114,000 a year, your weekly salary is $2192. You can find your weekly salary by dividing your yearly income by 52. In this case, the equation would be $114,000 / 52 = $2192 per week.

How Much Mortgage Can I Afford On A $114k Salary?

A salary of $114,000 a year, means that your net monthly salary is approximately $8075. Just like rent, your mortgage payment should be a maximum of one-third of your income. In this case, we are working with $3135.

Can I Buy a Home on $114,000 a year?

Yes! You can most definitely buy a house on $114,000 a year. There are so many ways to buy a house so nothing should be stopping you. I would recommend not spending more than one-third of your monthly income on housing expenses, which in this case would be $3135.

There is an assortment of loan products currently available to people looking to buy a house. Using an FHA loan for example you can put down as low as 3.5% of the purchase price. Plus there are strategies like house hacking that can help bring your housing expenses down, and some people can make a profit!

What Can I Afford Making 114k a Year?

You can afford pretty much anything in moderation. You can afford to spend a ton on Amazon each month or have a cool car with a payment that goes along with it, but probably not both. You can afford to invest each month and it should be one of your highest priorities.

If you are worried about what you can afford, I would look into increasing your income through a side hustle. It’s easier to afford things when you have more money to use.

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Can You Live Off $114,000 a Year?

Yes, it is possible to live off $114,000 a year, but your comfort depends on your location and lifestyle. $114k a year in a lower-cost-of-living area will go much further than in high-cost-of-living areas like New York or San Francisco.

Is $114k a Good Salary for a Single Person?

Yes, for a single person, $114k is a good salary. When you are single you typically have fewer expenses than if you are providing for others. With that being said, you can stretch your dollars even further if you are investing, living in a low-cost-of-living area, or keeping a tight budget.

Is $114k a Good Salary for a Family?

Depending on where you live $114k can be a good salary for a family. The larger your family is, the harder it will be to provide for your family with a salary of $114,000.

According to the USDA, it costs $16,739 a year to raise a child. That can quickly eat into a salary of $114,000. However, if you and your partner both brought in $114k a year, that would double your household income to $228000 a year and that provides more breathing room.

Is 114k a Year Good For a Couple?

Yes, for a couple with no children, 114k is a good salary. Your dollars will go much further if you live in a rural area vs living in a high-cost-of-living area. If you live in San Francisco you will probably need roommates, while living in rural Colorado you may be able to rent an entire home.

If both of you work and bring in a total of $114k a year, that means you are making close to the national minimum wage, and looking for a new job could drastically increase your household income or help you work fewer hours.

Explore More Salary Breakdowns

Unveil the possibilities of your earning potential by determining the exact figures for your daily, weekly, and monthly take-home pay with an annual salary of $115,000. This breakdown will provide you with a comprehensive understanding of how your income is distributed across different timeframes.

Delve into the details of your income as we analyze the precise amounts you can expect to earn on a daily, weekly, and monthly basis with an annual salary of $116,000. This breakdown offers valuable insights into how your earnings are distributed throughout various timeframes.

Embark on a journey to explore your financial horizons as we evaluate your potential daily, weekly, and monthly take-home pay with an annual salary of $117,000. By understanding the breakdown of your income across different timeframes, you can gain a clearer perspective on your financial landscape.

Get a glimpse into the composition of your paycheck by uncovering the specific amounts you can anticipate earning on a daily, weekly, and monthly basis with an annual salary of $118,000. This breakdown sheds light on how your income is allocated over various time periods.

Take a closer look at your financial snapshot as we assess the daily, weekly, and monthly take-home pay you can anticipate with an annual salary of $119,000. By examining the distribution of your income across different intervals, you can gain valuable insights into your overall financial outlook.


Are personal finance blogs profitable? ›

When a reader clicks on your link and makes a purchase, you'll earn a commission. Affiliate commissions for personal finance commissions tend to be especially lucrative (often hundreds of dollars per sale), which is why the personal finance sphere can be so profitable for bloggers.

What is pineapple cash? ›

A fifty-dollar note is also known colloquially as a "pineapple" or the "Big Pineapple" because of its yellow colour. The $100 note is currently green and is known colloquially as an "avocado" or "green tree frog", but between 1984 and 1996 it was grey, and was called a grey nurse (a type of shark).

How do I promote my personal finance blog? ›

Guest posting is an effective way of promoting your finance blog while building backlinks to your website. Look for popular personal finance blogs that accept guest posts and submit high-quality articles that provide value to their readers. Using Strikingly's marketing tools to reach a wider audience.

What is financial samurai? ›

Financial Samurai is America's number one personal finance blog and podcast helping you make more money, save more money, and live the life that you truly want.

How much money can I realistically make blogging? ›

How much money can you make when blogging as a beginner? Finance blog Millennial Money reports that after just two years of building traffic and subscribers to this type of a website, bloggers can make upwards of $100,000 annually. Within the first year, bloggers can make $500-$2,000 per month.

What is the most profitable blog niche? ›

The most profitable blog niches for 2023
  • Digital marketing.
  • Blogging and making money online.
  • Health and fitness.
  • Personal finance and investing.
  • Recipes and food.
  • Personal development and self-care.
Jun 26, 2023

What is a pineapple for $50? ›

Or, that 'A Pineapple' is an Australian slang term for a $50 note because of the similar vibrant colours? The latter got us thinking, because $50 just so happens to be the approximate amount the average Aussie spends each year on ATM fees (aka, one pineapple).

How much do you get from a pineapple? ›

How many cups of fruit does a pineapple yield? One pineapple usually results in about 4 cups of fruit when it is cut into chunks. It's enough for 6-8 servings.

What are 5 personal finance strategies? ›

Smart personal finance involves developing strategies that include budgeting, creating an emergency fund, paying off debt, using credit cards wisely, saving for retirement, and much more. Being disciplined is important, but it's also good to know when you shouldn't adhere to the guidelines.

Can you have a successful blog without social media? ›

Can a blog be successful without social media? Yes, you do not need social media in order to grow a successful blog. You don't need to use Instagram for this. You don't need to post on Facebook.

Can you start a personal finance blog? ›

Personal finance bloggers often start by documenting their own personal financial journeys and sharing money-saving advice. For some, those journeys lead to a successful business.

Is $500,000 a good salary? ›

According to the most recent data available for fiscal year 2019, an income of $540,009 per year puts you in the top 1% category. Based on that figure, an annual income of $500,000 or more would make you rich.

How much money do I need to never have to work again? ›

It's called the 25 times rule, and it's very simple. You multiply your annual spending by 25, and that is the minimum amount of money you would need invested to fund your lifestyle without working.

Can I retire by 40? ›

Retiring at age 40 is much more realistic than taking that big step at 30, but it's still a stretch for most people. You'll still have to subscribe to the idea of saving more than 50% of your income and making wise investments along the way.

How do financial blogs make money? ›

Generally speaking, there are three primary ways personal finance bloggers make money directly from their blogs — display ads, affiliate sales, and product sales. Display ads are the most common. These are the ads that everyone sees in sidebars or as you scroll through an article on your phone.

Is it hard to start a finance blog? ›

Final advice on how to start a finance blog

Building a successful blog is often a long process that needs lots of your time and dedication. You need to create the right content, market your blog, and be constantly up to date with key industry topics and trends.

Is personal finance a niche? ›

Personal finance is one of the most profitable blog niches out there. It covers many things but you don't have to start a general personal finance blog. You can pick a sub-niche to start from so that it may be easier to establish authority quickly.


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