You’ve just landed a new job or received a raise, and now you’re earning $20 an hour. But what does that translate to annually, monthly, weekly, daily, and even post-tax? Look no further! We’ve got you covered with a comprehensive breakdown of your $20 hourly wage, along with an easy-to-use hourly wage calculator and a sample budget tailored to your new income.
To determine your annual salary at $20 an hour, multiply $20 by 40 hours and 52 weeks. Thus, working full-time (40 hours per week) at $20 an hour, you would earn $41,600 per year.
The question remains: is $20 an hour ($41,600/year) sufficient to cover your living expenses? Ultimately, it depends on your location and cost of living.
For instance, living in New York as a single adult without children, the living wage is $21.99 an hour. Earning $20 an hour puts you just shy of the living wage in that scenario.
The situation changes if you have a partner and only one income source, with no children—the living wage rises to $31.13 per hour, a significant $11.13 above your $20 wage. The living wage escalates further with children in the picture.
Fear not! We’ve compiled a list of top-recommended tools to help you navigate life at this hourly wage, which you’ll find later in this article.
Additionally, we’ve provided tax calculations for each of the 50 states, so anyone earning $20 an hour can get a clear picture of their estimated after-tax income.
This post may contain affiliate links. For more information, see our disclosure policy.
Hourly Wage Calculator 2023
Input an hourly wage (like $20/hr) and see what that wage is hourly, daily, biweekly, monthly, and annually.
Comparison Table of $20 an Hour (Before & After Taxes)
| $20 An Hour | Pretax Income | After-Tax Income |
|---|---|---|
| Yearly (52 Weeks) | $41,600 | $31,200 |
| Monthly (160 Hours) | $3,200 | $2,400 |
| Biweekly (80 Hours) | $1,600 | $1,200 |
| Weekly (40 Hours) | $800 | $600 |
| Daily (8 Hours) | $160 | $120 |
| Hourly (1 Hour) | $20 | $15 |
$20 an Hour is How Much a Year?
If you make $20 an hour, your yearly salary would be $41,600. This is calculated by multiplying your $20 hourly wage by 2,080 total annual hours worked.
There’s a total of 52 weeks in the year, and if you work a full-time job, you will work on average 40 hours a week. So multiplying 40 hours by 52 weeks results in 2,080 total hours worked each year.
However, if you work fewer weeks or take some time off, you would earn less than this amount every year.
Find Out: $19 an Hour is How Much a Year?
$20 an Hour is How Much a Year After Taxes?
If you make $20 an hour, you would take home $31,200 a year after taxes. Your pre-tax salary was $41,600. But after paying 25% in taxes, your after-tax salary would be $31,200 a year.
The amount you pay in taxes depends on many different factors. But assuming a 25% to 30% tax rate is reasonable.
That means about a third to a fourth of your income will go to taxes at $20 an hour. There are ways to minimize how much you pay in taxes. However, for the average person, assuming this amount as a tax rate can be expected.
$20 an Hour is How Much a Month?
If you make $20 an hour, you would make $3,200 a month, assuming you are working full-time.
A full-time worker or employee works at least 40 hours a week. If you work either more or fewer hours, this amount will vary slightly.
Sometimes, if you work more than 40 hours a week, you might be eligible for overtime pay. Overtime pay is 1.5 times what you usually make. So you could end up making a considerable amount more than what is listed above.
Learn More: $18 an Hour is How Much a Year?
$20 an Hour is How Much Biweekly?
$20 an hour is $1,600 biweekly before taxes and approximately $1,200 after taxes. Paying a tax rate of 25% and working full-time at 40 hours a week, you would earn $1,200 after taxes.
To calculate how much you make biweekly before taxes, you would multiply $20 by 40 hours and 2 weeks.
$20 an Hour is How Much a Week?
If you make $20 an hour, you will get paid $800 a week. This amount is calculated by assuming you work full-time for all four weeks of the month. If you multiply 40 hours by $20 an hour, you get $800, your weekly income.
See: $17 an Hour is How Much a Year?
How Much is 20 dollars an Hour Daily?
$20 an hour is $160 per day. The standard workday is 8 hours. So by multiplying 8 hours by $20 an hour, you would earn $160 every day.
You can make $100 a day by working 5 hours at $20 an hour.
How Much is $20 an Hour Annually?
Annual and yearly income are two terms used a lot when talking about hourly wages and salaries. They essentially mean the same thing, just phrased slightly differently.
$20 an hour is $41,600 annually. This result is found by multiplying 20 x 40 x 52 to get the final annual amount. In the equation, the 20 stands for 20 dollars an hour, 40 means 40 hours a week, and 52 stands for 52 weeks in a year.
The formula used for finding your yearly income is the same one for calculating your annual income.
What is a $20 an Hour Salary?
Someone earning a $20 hourly wage earns a $41,600 yearly salary.
A typical full-time work week consists of 40 hours. Since there are 52 weeks in the year, you can multiply 20 dollars by 52 weeks and 40 hours to calculate your approximate annual salary.
At this income, you can expect to pay roughly 25% in taxes every year. So your after-tax salary will be just about $31,200.
Find Out: $16 an Hour is How Much a Year?
How Much is 20 dollars an Hour Annually Part-Time?
20 dollars annually part-time is between $20,800 and $36,400. If you work 20 hours per week for 52 weeks, you would earn $400 per week for a total of $20,800 per year.
On the other end of that spectrum, if you work 35 hours a week, which is still technically part-time, you would make $700 per week or $36,400 a year.
$20 an Hour Salary After Taxes in 2023 (By State)
Here is your estimated $20 an hour annual salary after taxes in 2023 for each state.
Just as a reminder, before taxes, your salary is $41,600. The after-tax amount will change based on your state taxes.
>> Get Personalized Tax Calculations With Our Tax Calculators <<
Alabama ($33,430)
Federal Income Tax (7.90%) – $3,287
State Income Tax (4.09%) – $1,701
FICA (7.65%) – $3,182
Total Alabama Income Taxes (19.64%) – $8,170
Take-Home Pay in Alabama – $33,430
Alaska ($35,131)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.00%) – $0
FICA (7.65%) – $3,182
Total Alaska Income Taxes (15.55%) – $6,469
Take-Home Pay in Alaska – $35,131
Arizona ($34,365)
Federal Income Tax (7.90%) – $3,287
State Income Tax (1.84%) – $766
FICA (7.65%) – $3,182
Total Arizona Income Taxes (17.39%) – $7,235
Take-Home Pay in Arizona – $34,365
Arkansas ($33,762)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.29%) – $1,368
FICA (7.65%) – $3,182
Total Arkansas Income Taxes (18.84%) – $7,838
Take-Home Pay in Arkansas – $33,762
California ($34,164)
Federal Income Tax (7.90%) – $3,287
State Income Tax (2.32%) – $967
FICA (7.65%) – $3,182
Total California Income Taxes (17.88%) – $7,436
Take-Home Pay in California – $34,164
Colorado ($33,823)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.14%) – $1,307
FICA (7.65%) – $3,182
Total Colorado Income Taxes (18.69%) – $7,777
Take-Home Pay in Colorado – $33,823
Connecticut ($33,401)
Federal Income Tax (7.90%) – $3,287
State Income Tax (4.16%) – $1,730
FICA (7.65%) – $3,182
Total Connecticut Income Taxes (19.71%) – $8,199
Take-Home Pay in Connecticut – $33,401
Delaware ($33,395)
Federal Income Tax (7.90%) – $3,287
State Income Tax (4.17%) – $1,736
FICA (7.65%) – $3,182
Total Delaware Income Taxes (19.72%) – $8,205
Take-Home Pay in Delaware – $33,395
Florida ($35,131)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.00%) – $0
FICA (7.65%) – $3,182
Total Florida Income Taxes (15.55%) – $6,469
Take-Home Pay in Florida – $35,131
Georgia ($33,331)
Federal Income Tax (7.90%) – $3,287
State Income Tax (4.33%) – $1,800
FICA (7.65%) – $3,182
Total Georgia Income Taxes (19.88%) – $8,269
Take-Home Pay in Georgia – $33,331
Hawaii ($32,687)
Federal Income Tax (7.90%) – $3,287
State Income Tax (5.87%) – $2,444
FICA (7.65%) – $3,182
Total Hawaii Income Taxes (21.43%) – $8,913
Take-Home Pay in Hawaii – $32,687
Idaho ($33,485)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.96%) – $1,645
FICA (7.65%) – $3,182
Total Idaho Income Taxes (19.51%) – $8,115
Take-Home Pay in Idaho – $33,485
Illinois ($33,189)
Federal Income Tax (7.90%) – $3,287
State Income Tax (4.67%) – $1,942
FICA (7.65%) – $3,182
Total Illinois Income Taxes (20.22%) – $8,411
Take-Home Pay in Illinois – $33,189
Indiana ($33,109)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.15%) – $1,311
FICA (7.65%) – $3,182
Total Indiana Income Taxes (20.41%) – $8,491
Take-Home Pay in Indiana – $33,109
Iowa ($33,513)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.72%) – $1,546
FICA (7.65%) – $3,182
Total Iowa Income Taxes (19.44%) – $8,087
Take-Home Pay in Iowa – $33,513
Kansas ($33,545)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.81%) – $1,586
FICA (7.65%) – $3,182
Total Kansas Income Taxes (19.36%) – $8,055
Take-Home Pay in Kansas – $33,545
More About Salaries: $33,000 a Year
Kentucky ($32,769)
Federal Income Tax (7.90%) – $3,287
State Income Tax (4.68%) – $1,946
FICA (7.65%) – $3,182
Total Kentucky Income Taxes (21.23%) – $8,831
Take-Home Pay in Kentucky – $32,769
Louisiana ($34,068)
Federal Income Tax (7.90%) – $3,287
State Income Tax (2.55%) – $1,063
FICA (7.65%) – $3,182
Total Louisiana Income Taxes (18.11%) – $7,532
Take-Home Pay in Louisiana – $34,068
Maine ($33,673)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.50%) – $1,457
FICA (7.65%) – $3,182
Total Maine Income Taxes (19.05%) – $7,927
Take-Home Pay in Maine – $33,673
Maryland ($32,544)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.66%) – $1,525
FICA (7.65%) – $3,182
Local Income Tax (2.55%) – $1,062
Total Maryland Income Taxes (21.77%) – $9,056
Take-Home Pay in Maryland – $32,544
Massachusetts ($33,271)
Federal Income Tax (7.90%) – $3,287
State Income Tax (4.47%) – $1,860
FICA (7.65%) – $3,182
Total Massachusetts Income Taxes (20.02%) – $8,329
Take-Home Pay in Massachusetts – $33,271
Michigan ($33,571)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.75%) – $1,560
FICA (7.65%) – $3,182
Total Michigan Income Taxes (19.30%) – $8,029
Take-Home Pay in Michigan – $33,571
Minnesota ($33,548)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.80%) – $1,582
FICA (7.65%) – $3,182
Total Minnesota Income Taxes (19.35%) – $8,052
Take-Home Pay in Minnesota – $33,548
Mississippi ($33,706)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.43%) – $1,425
FICA (7.65%) – $3,182
Total Mississippi Income Taxes (18.98%) – $7,894
Take-Home Pay in Mississippi – $33,706
Missouri ($33,706)
Federal Income Tax (7.90%) – $3,287
State Income Tax (2.89%) – $1,202
FICA (7.65%) – $3,182
Total Missouri Income Taxes (18.44%) – $7,672
Take-Home Pay in Missouri – $33,706
Montana ($33,544)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.82%) – $1,587
FICA (7.65%) – $3,182
Total Montana Income Taxes (19.37%) – $8,056
Take-Home Pay in Montana – $33,544
Nebraska ($33,705)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.43%) – $1,426
FICA (7.65%) – $3,182
Total Nebraska Income Taxes (18.98%) – $7,895
Take-Home Pay in Nebraska – $33,705
Nevada ($35,131)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.00%) – $0
FICA (7.65%) – $3,182
Total Nevada Income Taxes (15.55%) – $6,469
Take-Home Pay in Nevada – $35,131
New Hampshire ($35,131)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.00%) – $0
FICA (7.65%) – $3,182
Total New Hampshire Income Taxes (15.55%) – $6,469
Take-Home Pay in New Hampshire – $35,131
New Jersey ($34,380)
Federal Income Tax (7.90%) – $3,287
State Income Tax (1.80%) – $751
FICA (7.65%) – $3,182
Total New Jersey Income Taxes (17.36%) – $7,220
Take-Home Pay in New Jersey – $34,380
New Mexico ($33,987)
Federal Income Tax (7.90%) – $3,287
State Income Tax (2.75%) – $1,144
FICA (7.65%) – $3,182
Total New Mexico Income Taxes (18.30%) – $7,613
Take-Home Pay in New Mexico – $33,987
New York ($33,360)
Federal Income Tax (7.90%) – $3,287
State Income Tax (4.26%) – $1,770
FICA (7.65%) – $3,182
Total New York Income Taxes (19.81%) – $8,240
Take-Home Pay in New York – $33,360
Check Out This Annual Salary: $10,000 a Year
North Carolina ($33,511)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.89%) – $1,620
FICA (7.65%) – $3,182
Total North Carolina Income Taxes (19.44%) – $8,089
Take-Home Pay in North Carolina – $33,511
North Dakota ($34,811)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.77%) – $320
FICA (7.65%) – $3,182
Total North Dakota Income Taxes (16.32%) – $6,789
Take-Home Pay in North Dakota – $34,811
Ohio ($34,738)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.94%) – $393
FICA (7.65%) – $3,182
Total Ohio Income Taxes (16.50%) – $6,862
Take-Home Pay in Ohio – $34,738
Oklahoma ($33,607)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.66%) – $1,524
FICA (7.65%) – $3,182
Total Oklahoma Income Taxes (19.21%) – $7,993
Take-Home Pay in Oklahoma – $33,607
Oregon ($31,992)
Federal Income Tax (7.90%) – $3,287
State Income Tax (7.54%) – $3,139
FICA (7.65%) – $3,182
Total Oregon Income Taxes (23.10%) – $9,608
Take-Home Pay in Oregon – $31,992
Pennsylvania ($33,229)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.07%) – $1,277
FICA (7.65%) – $3,182
Local Income Tax (1.50%) – $624
Total Pennsylvania Income Taxes (20.12%) – $8,371
Take-Home Pay in Pennsylvania – $33,229
Rhode Island ($34,069)
Federal Income Tax (7.90%) – $3,287
State Income Tax (2.55%) – $1,061
FICA (7.65%) – $3,182
Total Rhode Island Income Taxes (18.10%) – $7,531
Take-Home Pay in Rhode Island – $34,069
South Carolina ($33,626)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.62%) – $1,505
FICA (7.65%) – $3,182
Total South Carolina Income Taxes (19.17%) – $7,974
Take-Home Pay in South Carolina – $33,626
South Dakota ($35,131)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.00%) – $0
FICA (7.65%) – $3,182
Total South Dakota Income Taxes (15.55%) – $6,469
Take-Home Pay in South Dakota – $35,131
Tennessee ($35,131)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.00%) – $0
FICA (7.65%) – $3,182
Total Tennessee Income Taxes (15.55%) – $6,469
Take-Home Pay in Tennessee – $35,131
Texas ($35,131)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.00%) – $0
FICA (7.65%) – $3,182
Total Texas Income Taxes (15.55%) – $6,469
Take-Home Pay in Texas – $35,131
Utah ($32,450)
Federal Income Tax (7.90%) – $3,287
State Income Tax (4.79%) – $1,993
FICA (7.65%) – $3,182
Total Utah Income Taxes (20.34%) – $8,462
Take-Home Pay in Utah – $33,138
Vermont ($34,092)
Federal Income Tax (7.90%) – $3,287
State Income Tax (2.50%) – $1,039
FICA (7.65%) – $3,182
Total Vermont Income Taxes (18.05%) – $7,508
Take-Home Pay in Vermont – $34,092
Virginia ($33,308)
Federal Income Tax (7.90%) – $3,287
State Income Tax (4.38%) – $1,822
FICA (7.65%) – $3,182
Total Virginia Income Taxes (19.93%) – $8,292
Take-Home Pay in Virginia – $33,308
Washington ($35,131)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.00%) – $0
FICA (7.65%) – $3,182
Total Washington Income Taxes (15.55%) – $6,469
Take-Home Pay in Washington – $35,131
West Virginia ($33,574)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.74%) – $1,557
FICA (7.65%) – $3,182
Total West Virginia Income Taxes (19.29%) – $8,026
Take-Home Pay in West Virginia – $33,574
Wisconsin ($33,636)
Federal Income Tax (7.90%) – $3,287
State Income Tax (3.59%) – $1,495
FICA (7.65%) – $3,182
Total Wisconsin Income Taxes (19.14%) – $7,964
Take-Home Pay in Wisconsin – $33,636
Wyoming ($35,131)
Federal Income Tax (7.90%) – $3,287
State Income Tax (0.00%) – $0
FICA (7.65%) – $3,182
Total Wyoming Income Taxes (15.55%) – $6,469
Take-Home Pay in Wyoming – $35,131
Tools You Need to Live on $20 an Hour
Earning $20 an hour is quite an accomplishment. Learning how to save, invest and make more is even better.
There’s no such thing as being too financially prepared. But the truth is many hear “personal finance” and think it is much more complicated than it actually is.
The reality of the situation is that there are plenty of tools that simplify personal finance. These tools simplify personal finance to the point where anyone can start today and become better off financially than the previous day.
Whether you are a complete beginner or you are a personal finance pro, this remains true. Below you will find the tools you need to live on $20 an hour.
CIT Bank
Everything is online nowadays, and this includes banking. A reliable and trustworthy bank is something you need, no matter your financial situation. When it comes to reliable banking, you cannot go wrong with CIT Bank.
They are an FDIC-insured Bank that operates entirely online. The days of needing to go to your local bank’s branch are over. When you bank with CIT Bank, you will save both time and money.
Start building up your savings the right way with a CIT Bank account. Enjoy no monthly fees for checking and savings accounts, as well as great rates with their money market and high-yield savings accounts.
Survey Junkie
Everyone likes earning a bit of extra cash. Well, with Survey Junkie, you get paid to share your opinions on products and services. It can’t get much easier than that. Anytime you have a few minutes to spare, fill out one of their surveys and make some money. Sign up today and start taking surveys to receive gift cards or PayPal money.
FreshBooks
There can be quite a bit of a learning curve for anyone trying to learn how to manage money. However, with FreshBooks, you won’t have to worry about learning some complicated software. Whether you own a business or are looking to do personal accounting, FreshBooks accounting software will save you a ton of time and money.
No longer do you need to hire an expensive accountant to do your accounting. Instead, FreshBooks offers a solution with its easy-to-use, affordable accounting software. Not only that, you can access it across all your devices, including your phone, tablet, or computer.
They are perfect for beginners and even offer a free trial. Start using FreshBooks today to simplify your accounting with their affordable accounting software.
Is $20 an Hour Good Money?
If you make $20 an hour, you are making a good amount of money. Anyone earning an hourly wage is paid based on the number of hours worked. So the more hours worked, the larger the paycheck.
For example, say you only decided to work a couple of shifts and ended up working a total of 10 hours in a week. Working 10 hours a week, you would earn $200.
Compare that to if you worked twice that many hours, for a total of 20 hours. If you work 20 hours a week, you would end up making $400.
Perhaps you are currently only working part-time for a total of 25 weekly hours. Working 25 hours a week, you would earn $500.
But if you work 30 hours a week, you would make $600.
And lastly, if you work full-time at 40 hours a week, you would earn $800.
The amount of hours you work at 20 dollars an hour dictates whether or not it’s good money. If you only work a few hours a week at this hourly pay, it might not be a whole lot of money. Someone earning less but working more hours could end up making more than you.
But if you work part-time or full-time at 20 dollars an hour, you will get paid a good amount of money.
Learn More: $15 an Hour is How Much a Year?
How To Budget $20 an Hour
Creating a monthly budget for how much you need to spend, save, and invest is not as difficult as it seems. First, you will need to find your after-tax income, otherwise known as your take-home pay. Your take-home pay for $20 an hour or $41,600 a year is approximately $2,400 a month.
You then will need to split that $2,400 after-tax income into different categories. These categories represent your expenses, savings, and investments. If you make $41,600 a year, this is an example of what your monthly budget can look like:
| Category | Budget Amount | Percentage |
|---|---|---|
| Housing | $720 | 30% |
| Saving and Investing | $360 | 15% |
| Insurance | $360 | 15% |
| Food | $240 | 10% |
| Transportation | $240 | 10% |
| Entertainment and Recreation | $240 | 10% |
| Personal Expenses | $120 | 5% |
| Utilities | $120 | 5% |
| Total | $2,400 | 100% |
Is $20 an Hour Good Pay?
Making 20 dollars an hour is good pay. The more hours you work, the more money you will end up making at this hourly rate.
For example, say you get paid every two weeks. If you work part-time, 20 dollars an hour, 20 hours a week, you would earn $800 before taxes.
If you work full-time, every two weeks you would make $1,600 before taxes. After taxes, you would make approximately $1,200.
Look: $19 an Hour is How Much a Year?
How Much is $20 an Hour After Taxes?
$20 an hour before taxes is equal to $15 an hour after taxes. By deducting a 25% tax rate from the $20 hourly rate, you will find your after-tax hourly rate is $5 less than your pre-tax rate.
You will make 20 dollars an hour before taxes. But after taxes, you will only get to take home $15 for every $20 made.
Now that you know this is the case, you can take that after-tax hourly pay number and multiply it by the number of hours you worked to calculate your after-tax pay.
Say, for example, you worked 30 hours at your job one week. You would take your after-tax hourly wage of $15 and multiply it by 30 hours to get your pay for that week. After multiplying those two numbers together, you would get an after-tax weekly income of $450.
Taxes will fluctuate depending on the individual, where you live, etc. So this figure might change.
Final Thoughts
To quickly break down a $20 hourly wage, here’s how you can determine the annual, monthly, biweekly, weekly, and daily earnings:
- For the annual amount, multiply $20 by 40 hours and 52 weeks.
- To calculate monthly earnings, multiply $20 by 40 hours and 4 weeks.
- To determine biweekly pay, multiply $20 by 40 hours and 2 weeks.
- For weekly earnings, simply multiply $20 by 40 hours, considering 40 hours a week as full-time.
- Finally, to find out the daily income, multiply $20 by 8 hours, representing a standard workday.
If this breakdown of a $20 hourly wage was insightful, don’t miss our other articles on hourly wages below!
