You found out you will make $24,000 a year from the new job or raise you’re getting. But $24,000 a year is how much an hour?
Below you will find how much $24,000 is hourly, daily, weekly, biweekly, monthly, and even after taxes. There’s also an example budget you can use when making $24,000 a year.
To figure out how much $24,000 a year is as an hourly wage, divide $24,000 by 40 hours and 52 weeks. So if you were to work full-time, 40 hours a week, making $24,000 a year, you would earn $11.54 an hour.
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Comparison Table of $24,000 a Year (Before & After Taxes)
Here is a comparison table of the pretax and after-tax income of $24,000 a year:
| $24,000 a Year | Pretax Income | After-Tax Income |
|---|---|---|
| Yearly (52 Weeks) | $24,000 | $18,000 |
| Monthly (160 Hours) | $1,846.15 | $1,384.62 |
| Biweekly (80 Hours) | $923.08 | $692.31 |
| Weekly (40 Hours) | $461.54 | $346.15 |
| Daily (8 Hours) | $92.31 | $69.23 |
| Hourly (1 Hour) | $11.54 | $8.65 |
$24,000 a Year is How Much an Hour?
If you make $24,000 a year, your hourly wage would be $11.54. This is calculated by dividing the $24,000 yearly salary by 2,080 total annual hours worked.
There are 52 weeks in the year, and if you work a full-time job, you will typically work 40 hours a week on average. So when you multiply these two numbers together (40 hours and 52 weeks), you will get an answer of 2,080 total annual hours.
Now you can take your yearly salary of $24,000 and divide it by 2,080 annual hours worked to get your hourly wage.
If you decide to take some time off work to, for example, go on a vacation, your total annual hours worked would be reduced. This may result in the hourly wage ($11.54) changing slightly.
Find Out: $23,000 a Year
$24,000 a Year is How Much an Hour After Taxes?
If you make $24,000 a year, you would take home $8.65 an hour after taxes. Your pre-tax hourly wage was $11.54. But after paying 25% in taxes, your after-tax hourly wage would be $8.65 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 $24,000 a year. 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.
24,000 Dollars a Year is How Much After Taxes?
Anyone making $24,000 a year will have an after-tax income of $18,000. This number is calculated by assuming you will pay around 25% of your income towards taxes.
When you’re earning 24,000 dollars annually, it is always a good idea to know your after-tax annual income and hourly wage.
That said, your estimated after-tax salary is $18,000, meaning a portion of your gross income will go towards taxes.
It’s important that you file your taxes correctly every year. This way, you don’t pay more than you have to.
If you don’t like to worry about whether or not you paid the correct amount in taxes on a 24,000 dollar salary, then you need to use TurboTax.
They have a maximum refund and 100% accuracy guarantee. So when you use TurboTax, you can rest assured your taxes will be filed correctly no matter your income.
$24,000 a Year is How Much a Month?
If you make $24,000 a year, you will make $1,846.15 a month before taxes, assuming you are working full-time. Each month after taxes, you will make approximately $1,384.62.
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.
For this calculation, we will use 160 hours (40 hours multiplied by 4 weeks in a month) to calculate the monthly income of $1,846.15.
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 more than just $11.54 an hour.
Learn More: $22,000 a Year
$24,000 a Year is How Much Biweekly?
$24,000 a year is $923.08 biweekly before taxes and approximately $692.31 after taxes. Paying a tax rate of 25% and working full-time at 40 hours a week, you would earn $692.31 after taxes.
To calculate how much you make biweekly before taxes, you would multiply the hourly wage for $24,000 a year, $11.54 by 80 hours to get $923.08.
Most employers send out paychecks every two weeks. So you may hear people refer to their biweekly pay as their paycheck. That said, you could technically say you make $923.08 each paycheck before taxes and $692.31 after taxes.
Our Recommendation: Get paid up to two days early with direct deposit when you use Chime.
$24,000 a Year is How Much a Week?
If you make $24,000 a year, you will get paid $461.54 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 $11.54 an hour, you get $461.54, your weekly income.
See: $21,000 a Year
24,000 Dollars a Year is How Much a Day?
$24,000 a year is $92.31 per day before taxes. The standard workday is 8 hours. So by multiplying 8 hours by $11.54 an hour, you would earn $92.31 every day. After taxes, you would earn $69.23 a day.
Tools You Need to Live on $24,000 a Year
So you’re earning $24,000 a year but want to make the most of that money. Here are the best tools you need to start using when living on this amount of income.
CIT Bank
Now that virtually everything is done online so is banking. CIT Bank consistently ranks high as one of the most reliable and trustworthy banks.
When you open up a checking or savings account with them, you do not need to worry about any annoying fees. Start building your savings up the right way with CIT Bank.
TurboTax
Taxes can be quite complicated but they don’t have to be. This is especially true if your annual income is $24,000. TurboTax makes filing your taxes simple with their 100% accuracy and maximum refund guarantee.
Survey Junkie
Everyone enjoys earning some extra cash. Well, Survey Junkie makes it possible for you to actually get paid to share your opinions on products and services.
It is some of the easiest money you could ever make. If you’ve got some spare time, fill out one of their surveys and get paid.
Check out Survey Junkie today and start taking surveys to receive PayPal money and gift cards.
FreshBooks
If you’re making $24,000 a year and are a sole proprietor, business owner, or freelancer, you need to start using FreshBooks. They are an affordable accounting and invoicing software that makes sending invoices and tracking expenses simple.
They are perfect whether you’re a beginner or expert in your field and even offer a free trial. So what are you waiting for? Start saving time using FreshBooks today.
How To Budget $24,000 a Year
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. This is otherwise known as your take-home pay. Your take-home pay for $24,000 a year or $11.54 an hour is approximately $1,384.62 a month.
You then will need to split that $1,384.62 after-tax income into different categories. These categories represent your expenses, savings, and investments. If you make $24,000 a year, this is an example of what your monthly budget can look like:
| Category | Budget Amount | Percentage |
|---|---|---|
| Housing | $415.38 | 30% |
| Saving and Investing | $207.69 | 15% |
| Insurance | $207.69 | 15% |
| Food | $138.46 | 10% |
| Transportation | $138.46 | 10% |
| Entertainment and Recreation | $138.46 | 10% |
| Personal Expenses | $69.23 | 5% |
| Utilities | $69.23 | 5% |
| Total | $1,384.62 | 100% |
Is $24,000 a Year a Good Salary?
A $24,000 salary is considerably lower than the average salary in the United States. In America, the average annual salary is $53,490.
So if you make $24,000 a year, you are making $29,490 less than the average U.S. salary.
Look: $20,000 a Year
$24,000 a Year Salary After Taxes in 2022 (By State)
Here is your estimated $24,000 a year salary after taxes in 2022 for each state. Your after-tax income will change based on state taxes.
Alabama ( $20,076 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 3.80% ) – $912
FICA ( 7.65% ) – $1,836
Total Alabama Income Taxes ( 16.35% ) – $3,924
Annual Take-Home Pay in Alabama ( 83.65% ) – $20,076
Alaska ( $20,988 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $1,836
Total Alaska Income Taxes ( 12.55% ) – $3,012
Annual Take-Home Pay in Alaska ( 87.45% ) – $20,988
Arizona ( $20,691 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.24% ) – $297
FICA ( 7.65% ) – $1,836
Total Arizona Income Taxes ( 13.79% ) – $3,309
Annual Take-Home Pay in Arizona ( 86.21% ) – $20,691
Arkansas ( $20,488 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.08% ) – $500
FICA ( 7.65% ) – $1,836
Total Arkansas Income Taxes ( 14.63% ) – $3,512
Annual Take-Home Pay in Arkansas ( 85.37% ) – $20,488
California ( $20,697 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.21% ) – $291
FICA ( 7.65% ) – $1,836
Total California Income Taxes ( 13.76% ) – $3,303
Annual Take-Home Pay in California ( 86.24% ) – $20,697
Colorado ( $20,467 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.17% ) – $521
FICA ( 7.65% ) – $1,836
Total Colorado Income Taxes ( 14.72% ) – $3,533
Annual Take-Home Pay in Colorado ( 85.28% ) – $20,467
Connecticut ( $20,717 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.13% ) – $271
FICA ( 7.65% ) – $1,836
Total Connecticut Income Taxes ( 13.68% ) – $3,283
Annual Take-Home Pay in Connecticut ( 86.32% ) – $20,717
Delaware ( $20,208 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 3.25% ) – $780
FICA ( 7.65% ) – $1,836
Total Delaware Income Taxes ( 15.80% ) – $3,792
Annual Take-Home Pay in Delaware ( 84.20% ) – $20,208
Florida ( $20,988 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $1,836
Total Florida Income Taxes ( 12.55% ) – $3,012
Annual Take-Home Pay in Florida ( 87.45% ) – $20,988
Georgia ( $20,200 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 3.28% ) – $788
FICA ( 7.65% ) – $1,836
Total Georgia Income Taxes ( 15.83% ) – $3,800
Annual Take-Home Pay in Georgia ( 84.17% ) – $20,200
Hawaii ( $19,875 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 4.64% ) – $1,113
FICA ( 7.65% ) – $1,836
Total Hawaii Income Taxes ( 17.19% ) – $4,125
Annual Take-Home Pay in Hawaii ( 82.81% ) – $19,875
Idaho ( $20,490 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.08% ) – $498
FICA ( 7.65% ) – $1,836
Total Idaho Income Taxes ( 14.63% ) – $3,510
Annual Take-Home Pay in Idaho ( 85.37% ) – $20,490
Illinois ( $19,918 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 4.46% ) – $1,070
FICA ( 7.65% ) – $1,836
Total Illinois Income Taxes ( 17.01% ) – $4,082
Annual Take-Home Pay in Illinois ( 82.99% ) – $19,918
Indiana ( $20,245 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 3.10% ) – $743
FICA ( 7.65% ) – $1,836
Total Indiana Income Taxes ( 15.65% ) – $3,755
Annual Take-Home Pay in Indiana ( 84.35% ) – $20,245
Iowa ( $20,246 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 3.09% ) – $742
FICA ( 7.65% ) – $1,836
Total Iowa Income Taxes ( 15.64% ) – $3,754
Annual Take-Home Pay in Iowa ( 84.36% ) – $20,246
Kansas ( $20,326 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.76% ) – $662
FICA ( 7.65% ) – $1,836
Total Kansas Income Taxes ( 15.31% ) – $3,674
Annual Take-Home Pay in Kansas ( 84.69% ) – $20,326
More About Salaries: $19,000 a Year
Kentucky ( $19,923 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 4.44% ) – $1,066
FICA ( 7.65% ) – $1,836
Total Kentucky Income Taxes ( 16.99% ) – $4,078
Annual Take-Home Pay in Kentucky ( 83.01% ) – $19,923
Louisiana ( $20,544 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.85% ) – $444
FICA ( 7.65% ) – $1,836
Total Louisiana Income Taxes ( 14.40% ) – $3,456
Annual Take-Home Pay in Louisiana ( 85.60% ) – $20,544
Maine ( $20,573 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.73% ) – $415
FICA ( 7.65% ) – $1,836
Total Maine Income Taxes ( 14.28% ) – $3,427
Annual Take-Home Pay in Maine ( 85.72% ) – $20,573
Maryland ( $20,299 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.87% ) – $689
FICA ( 7.65% ) – $1,836
Total Maryland Income Taxes ( 15.42% ) – $3,701
Annual Take-Home Pay in Maryland ( 84.58% ) – $20,299
Massachusetts ( $20,008 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 4.08% ) – $980
FICA ( 7.65% ) – $1,836
Total Massachusetts Income Taxes ( 16.63% ) – $3,992
Annual Take-Home Pay in Massachusetts ( 83.37% ) – $20,008
Michigan ( $20,176 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 3.38% ) – $812
FICA ( 7.65% ) – $1,836
Total Michigan Income Taxes ( 15.93% ) – $3,824
Annual Take-Home Pay in Michigan ( 84.07% ) – $20,176
Minnesota ( $20,374 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.56% ) – $614
FICA ( 7.65% ) – $1,836
Total Minnesota Income Taxes ( 15.11% ) – $3,626
Annual Take-Home Pay in Minnesota ( 84.89% ) – $20,374
Mississippi ( $20,443 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.27% ) – $545
FICA ( 7.65% ) – $1,836
Total Mississippi Income Taxes ( 14.82% ) – $3,557
Annual Take-Home Pay in Mississippi ( 85.18% ) – $20,443
Missouri ( $20,621 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.53% ) – $367
FICA ( 7.65% ) – $1,836
Total Missouri Income Taxes ( 14.08% ) – $3,379
Annual Take-Home Pay in Missouri ( 85.92% ) – $20,621
Montana ( $20,446 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.26% ) – $542
FICA ( 7.65% ) – $1,836
Total Montana Income Taxes ( 14.81% ) – $3,554
Annual Take-Home Pay in Montana ( 85.19% ) – $20,446
Nebraska ( $20,431 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.32% ) – $557
FICA ( 7.65% ) – $1,836
Total Nebraska Income Taxes ( 14.87% ) – $3,569
Annual Take-Home Pay in Nebraska ( 85.13% ) – $20,431
Nevada ( $20,988 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $1,836
Total Nevada Income Taxes ( 12.55% ) – $3,012
Annual Take-Home Pay in Nevada ( 87.45% ) – $20,988
New Hampshire ( $20,988 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $1,836
Total New Hampshire Income Taxes ( 12.55% ) – $3,012
Annual Take-Home Pay in New Hampshire ( 87.45% ) – $20,988
New Jersey ( $20,656 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.39% ) – $333
FICA ( 7.65% ) – $1,836
Total New Jersey Income Taxes ( 13.94% ) – $3,345
Annual Take-Home Pay in New Jersey ( 86.06% ) – $20,656
New Mexico ( $20,697 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.21% ) – $291
FICA ( 7.65% ) – $1,836
Total New Mexico Income Taxes ( 13.76% ) – $3,303
Annual Take-Home Pay in New Mexico ( 86.24% ) – $20,697
New York ( $20,266 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 3.01% ) – $722
FICA ( 7.65% ) – $1,836
Total New York Income Taxes ( 15.56% ) – $3,734
Annual Take-Home Pay in New York ( 84.44% ) – $20,266
Check Out This Annual Salary: $18,000 a Year
North Carolina ( $20,292 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.90% ) – $696
FICA ( 7.65% ) – $1,836
Total North Carolina Income Taxes ( 15.45% ) – $3,708
Annual Take-Home Pay in North Carolina ( 84.55% ) – $20,292
North Dakota ( $20,862 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.52% ) – $126
FICA ( 7.65% ) – $1,836
Total North Dakota Income Taxes ( 13.07% ) – $3,138
Annual Take-Home Pay in North Dakota ( 86.93% ) – $20,862
Ohio ( $20,988 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $1,836
Total Ohio Income Taxes ( 12.55% ) – $3,012
Annual Take-Home Pay in Ohio ( 87.45% ) – $20,988
Oklahoma ( $20,344 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.68% ) – $644
FICA ( 7.65% ) – $1,836
Total Oklahoma Income Taxes ( 15.23% ) – $3,656
Annual Take-Home Pay in Oklahoma ( 84.77% ) – $20,344
Oregon ( $19,382 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 6.69% ) – $1,606
FICA ( 7.65% ) – $1,836
Total Oregon Income Taxes ( 19.24% ) – $4,618
Annual Take-Home Pay in Oregon ( 80.76% ) – $19,382
Pennsylvania ( $20,251 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 3.07% ) – $737
FICA ( 7.65% ) – $1,836
Total Pennsylvania Income Taxes ( 15.62% ) – $3,749
Annual Take-Home Pay in Pennsylvania ( 84.38% ) – $20,251
Rhode Island ( $20,594 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.64% ) – $394
FICA ( 7.65% ) – $1,836
Total Rhode Island Income Taxes ( 14.19% ) – $3,406
Annual Take-Home Pay in Rhode Island ( 85.81% ) – $20,594
South Carolina ( $20,672 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.32% ) – $316
FICA ( 7.65% ) – $1,836
Total South Carolina Income Taxes ( 13.87% ) – $3,328
Annual Take-Home Pay in South Carolina ( 86.13% ) – $20,672
South Dakota ( $20,988 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $1,836
Total South Dakota Income Taxes ( 12.55% ) – $3,012
Annual Take-Home Pay in South Dakota ( 87.45% ) – $20,988
Tennessee ( $20,988 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $1,836
Total Tennessee Income Taxes ( 12.55% ) – $3,012
Annual Take-Home Pay in Tennessee ( 87.45% ) – $20,988
Texas ( $20,988 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $1,836
Total Texas Income Taxes ( 12.55% ) – $3,012
Annual Take-Home Pay in Texas ( 87.45% ) – $20,988
Utah ( $19,800 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 4.95% ) – $1,188
FICA ( 7.65% ) – $1,836
Total Utah Income Taxes ( 17.50% ) – $4,200
Annual Take-Home Pay in Utah ( 82.50% ) – $19,800
Vermont ( $20,539 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 1.87% ) – $449
FICA ( 7.65% ) – $1,836
Total Vermont Income Taxes ( 14.42% ) – $3,461
Annual Take-Home Pay in Vermont ( 85.58% ) – $20,539
Virginia ( $20,178 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 3.38% ) – $810
FICA ( 7.65% ) – $1,836
Total Virginia Income Taxes ( 15.93% ) – $3,822
Annual Take-Home Pay in Virginia ( 84.07% ) – $20,178
Washington ( $20,988 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $1,836
Total Washington Income Taxes ( 12.55% ) – $3,012
Annual Take-Home Pay in Washington ( 87.45% ) – $20,988
West Virginia ( $20,208 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 3.25% ) – $780
FICA ( 7.65% ) – $1,836
Total West Virginia Income Taxes ( 15.80% ) – $3,792
Annual Take-Home Pay in West Virginia ( 84.20% ) – $20,208
Wisconsin ( $20,472 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 2.15% ) – $516
FICA ( 7.65% ) – $1,836
Total Wisconsin Income Taxes ( 14.70% ) – $3,528
Annual Take-Home Pay in Wisconsin ( 85.30% ) – $20,472
Wyoming ( $20,988 )
Federal Income Tax ( 4.90% ) – $1,176
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $1,836
Total Wyoming Income Taxes ( 12.55% ) – $3,012
Annual Take-Home Pay in Wyoming ( 87.45% ) – $20,988
Summary
Here is a quick recap on how you can figure out how much $24,000 a year is hourly, monthly, biweekly, weekly, and daily.
When finding out how much $24,000 a year is per hour, you take $24,000 and divide it by 40 hours and 52 weeks.
When calculating the monthly income for 24,000 dollars a year, you take 24,000 dollars and divide it by 40 hours and 4 weeks.
To find out how much $24,000 a year is biweekly, take $24,000 and divide it by 40 hours and 2 weeks.
For weekly, you take $24,000 and divide it by 40 hours. We divide it by 40 hours because 40 hours a week is considered full-time.
And lastly, to calculate how much $24,000 a year is daily, you take $24,000 and divide it by 8 hours. Eight hours is used in this calculation because that amount of time represents the standard workday.
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