You found out you will make $29,000 a year from the new job or raise you’re getting. But $29,000 a year is how much an hour?
Below you will find how much $29,000 is hourly, daily, weekly, biweekly, monthly, and even after taxes. There’s also an example budget you can use when making $29,000 a year.
To figure out how much $29,000 a year is as an hourly wage, divide $29,000 by 40 hours and 52 weeks. So if you were to work full-time, 40 hours a week, making $29,000 a year, you would earn $13.94 an hour.
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Comparison Table of $29,000 a Year (Before & After Taxes)
Here is a comparison table of the pretax and after-tax income of $29,000 a year:
| $29,000 a Year | Pretax Income | After-Tax Income |
|---|---|---|
| Yearly (52 Weeks) | $29,000 | $21,750 |
| Monthly (160 Hours) | $2,230.77 | $1,673.08 |
| Biweekly (80 Hours) | $1,115.38 | $836.54 |
| Weekly (40 Hours) | $557.69 | $418.27 |
| Daily (8 Hours) | $111.54 | $83.65 |
| Hourly (1 Hour) | $13.94 | $10.46 |
$29,000 a Year is How Much an Hour?
If you make $29,000 a year, your hourly wage would be $13.94. This is calculated by dividing the $29,000 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 $29,000 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 ($13.94) changing slightly.
Find Out: $28,000 a Year
$29,000 a Year is How Much an Hour After Taxes?
If you make $29,000 a year, you would take home $10.46 an hour after taxes. Your pre-tax hourly wage was $13.94. But after paying 25% in taxes, your after-tax hourly wage would be $10.46 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 $29,000 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.
29,000 Dollars a Year is How Much After Taxes?
Anyone making $29,000 a year will have an after-tax income of $21,750. This number is calculated by assuming you will pay around 25% of your income towards taxes.
When you’re earning 29,000 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 $21,750, 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 29,000 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.
$29,000 a Year is How Much a Month?
If you make $29,000 a year, you will make $2,230.77 a month before taxes, assuming you are working full-time. Each month after taxes, you will make approximately $1,673.08.
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 $2,230.77.
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 $13.94 an hour.
Learn More: $27,000 a Year
$29,000 a Year is How Much Biweekly?
$29,000 a year is $1,115.38 biweekly before taxes and approximately $836.54 after taxes. Paying a tax rate of 25% and working full-time at 40 hours a week, you would earn $836.54 after taxes.
To calculate how much you make biweekly before taxes, you would multiply the hourly wage for $29,000 a year, $13.94 by 80 hours to get $1,115.38.
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 $1,115.38 each paycheck before taxes and $836.54 after taxes.
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$29,000 a Year is How Much a Week?
If you make $29,000 a year, you will get paid $557.69 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 $13.94 an hour, you get $557.69, your weekly income.
See: $26,000 a Year
29,000 Dollars a Year is How Much a Day?
$29,000 a year is $111.54 per day before taxes. The standard workday is 8 hours. So by multiplying 8 hours by $13.94 an hour, you would earn $111.54 every day. After taxes, you would earn $83.65 a day.
Tools You Need to Live on $29,000 a Year
So you’re earning $29,000 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 $29,000. 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 $29,000 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 $29,000 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 $29,000 a year or $13.94 an hour is approximately $1,673.08 a month.
You then will need to split that $1,673.08 after-tax income into different categories. These categories represent your expenses, savings, and investments. If you make $29,000 a year, this is an example of what your monthly budget can look like:
| Category | Budget Amount | Percentage |
|---|---|---|
| Housing | $501.92 | 30% |
| Saving and Investing | $250.96 | 15% |
| Insurance | $250.96 | 15% |
| Food | $167.31 | 10% |
| Transportation | $167.31 | 10% |
| Entertainment and Recreation | $167.31 | 10% |
| Personal Expenses | $83.65 | 5% |
| Utilities | $83.65 | 5% |
| Total | $1,673.08 | 100% |
Is $29,000 a Year a Good Salary?
A $29,000 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 $29,000 a year, you are making $24,490 less than the average U.S. salary.
Look: $25,000 a Year
$29,000 a Year Salary After Taxes in 2022 (By State)
Here is your estimated $29,000 a year salary after taxes in 2022 for each state. Your after-tax income will change based on state taxes.
Alabama ( $23,864 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.94% ) – $1,143
FICA ( 7.65% ) – $2,219
Total Alabama Income Taxes ( 17.71% ) – $5,136
Annual Take-Home Pay in Alabama ( 82.29% ) – $23,864
Alaska ( $25,007 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,219
Total Alaska Income Taxes ( 13.77% ) – $3,993
Annual Take-Home Pay in Alaska ( 86.23% ) – $25,007
Arizona ( $24,581 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 1.47% ) – $426
FICA ( 7.65% ) – $2,219
Total Arizona Income Taxes ( 15.24% ) – $4,419
Annual Take-Home Pay in Arizona ( 84.76% ) – $24,581
Arkansas ( $24,275 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.52% ) – $732
FICA ( 7.65% ) – $2,219
Total Arkansas Income Taxes ( 16.29% ) – $4,725
Annual Take-Home Pay in Arkansas ( 83.71% ) – $24,275
California ( $24,574 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 1.49% ) – $432
FICA ( 7.65% ) – $2,219
Total California Income Taxes ( 15.26% ) – $4,426
Annual Take-Home Pay in California ( 84.74% ) – $24,574
Colorado ( $24,258 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.58% ) – $748
FICA ( 7.65% ) – $2,219
Total Colorado Income Taxes ( 16.35% ) – $4,742
Annual Take-Home Pay in Colorado ( 83.65% ) – $24,258
Connecticut ( $24,508 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 1.72% ) – $499
FICA ( 7.65% ) – $2,219
Total Connecticut Income Taxes ( 15.49% ) – $4,492
Annual Take-Home Pay in Connecticut ( 84.51% ) – $24,508
Delaware ( $23,964 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.60% ) – $1,043
FICA ( 7.65% ) – $2,219
Total Delaware Income Taxes ( 17.37% ) – $5,036
Annual Take-Home Pay in Delaware ( 82.63% ) – $23,964
Florida ( $25,007 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,219
Total Florida Income Taxes ( 13.77% ) – $3,993
Annual Take-Home Pay in Florida ( 86.23% ) – $25,007
Georgia ( $23,931 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.71% ) – $1,075
FICA ( 7.65% ) – $2,219
Total Georgia Income Taxes ( 17.48% ) – $5,069
Annual Take-Home Pay in Georgia ( 82.52% ) – $23,931
Hawaii ( $23,527 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 5.10% ) – $1,479
FICA ( 7.65% ) – $2,219
Total Hawaii Income Taxes ( 18.87% ) – $5,473
Annual Take-Home Pay in Hawaii ( 81.13% ) – $23,527
Idaho ( $24,184 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.84% ) – $823
FICA ( 7.65% ) – $2,219
Total Idaho Income Taxes ( 16.61% ) – $4,816
Annual Take-Home Pay in Idaho ( 83.39% ) – $24,184
Illinois ( $23,689 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 4.54% ) – $1,318
FICA ( 7.65% ) – $2,219
Total Illinois Income Taxes ( 18.31% ) – $5,311
Annual Take-Home Pay in Illinois ( 81.69% ) – $23,689
Indiana ( $24,102 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.12% ) – $904
FICA ( 7.65% ) – $2,219
Total Indiana Income Taxes ( 16.89% ) – $4,898
Annual Take-Home Pay in Indiana ( 83.11% ) – $24,102
Iowa ( $24,018 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.41% ) – $989
FICA ( 7.65% ) – $2,219
Total Iowa Income Taxes ( 17.18% ) – $4,982
Annual Take-Home Pay in Iowa ( 82.82% ) – $24,018
Kansas ( $24,082 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.19% ) – $924
FICA ( 7.65% ) – $2,219
Total Kansas Income Taxes ( 16.96% ) – $4,918
Annual Take-Home Pay in Kansas ( 83.04% ) – $24,082
More About Salaries: $24,000 a Year
Kentucky ( $23,691 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 4.54% ) – $1,316
FICA ( 7.65% ) – $2,219
Total Kentucky Income Taxes ( 18.31% ) – $5,309
Annual Take-Home Pay in Kentucky ( 81.69% ) – $23,691
Louisiana ( $24,389 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.13% ) – $618
FICA ( 7.65% ) – $2,219
Total Louisiana Income Taxes ( 15.90% ) – $4,611
Annual Take-Home Pay in Louisiana ( 84.10% ) – $24,389
Maine ( $24,302 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.43% ) – $705
FICA ( 7.65% ) – $2,219
Total Maine Income Taxes ( 16.20% ) – $4,698
Annual Take-Home Pay in Maine ( 83.80% ) – $24,302
Maryland ( $24,082 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.19% ) – $925
FICA ( 7.65% ) – $2,219
Total Maryland Income Taxes ( 16.96% ) – $4,918
Annual Take-Home Pay in Maryland ( 83.04% ) – $24,082
Massachusetts ( $23,777 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 4.24% ) – $1,230
FICA ( 7.65% ) – $2,219
Total Massachusetts Income Taxes ( 18.01% ) – $5,223
Annual Take-Home Pay in Massachusetts ( 81.99% ) – $23,777
Michigan ( $23,982 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.53% ) – $1,024
FICA ( 7.65% ) – $2,219
Total Michigan Income Taxes ( 17.30% ) – $5,018
Annual Take-Home Pay in Michigan ( 82.70% ) – $23,982
Minnesota ( $24,125 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.04% ) – $881
FICA ( 7.65% ) – $2,219
Total Minnesota Income Taxes ( 16.81% ) – $4,875
Annual Take-Home Pay in Minnesota ( 83.19% ) – $24,125
Mississippi ( $24,212 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.74% ) – $795
FICA ( 7.65% ) – $2,219
Total Mississippi Income Taxes ( 16.51% ) – $4,788
Annual Take-Home Pay in Mississippi ( 83.49% ) – $24,212
Missouri ( $24,404 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.08% ) – $603
FICA ( 7.65% ) – $2,219
Total Missouri Income Taxes ( 15.85% ) – $4,597
Annual Take-Home Pay in Missouri ( 84.15% ) – $24,404
Montana ( $24,186 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.83% ) – $821
FICA ( 7.65% ) – $2,219
Total Montana Income Taxes ( 16.60% ) – $4,814
Annual Take-Home Pay in Montana ( 83.40% ) – $24,186
Nebraska ( $24,245 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.62% ) – $761
FICA ( 7.65% ) – $2,219
Total Nebraska Income Taxes ( 16.39% ) – $4,755
Annual Take-Home Pay in Nebraska ( 83.61% ) – $24,245
Nevada ( $25,007 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,219
Total Nevada Income Taxes ( 13.77% ) – $3,993
Annual Take-Home Pay in Nevada ( 86.23% ) – $25,007
New Hampshire ( $25,007 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,219
Total New Hampshire Income Taxes ( 13.77% ) – $3,993
Annual Take-Home Pay in New Hampshire ( 86.23% ) – $25,007
New Jersey ( $24,587 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 1.45% ) – $420
FICA ( 7.65% ) – $2,219
Total New Jersey Income Taxes ( 15.22% ) – $4,413
Annual Take-Home Pay in New Jersey ( 84.78% ) – $24,587
New Mexico ( $24,480 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 1.82% ) – $527
FICA ( 7.65% ) – $2,219
Total New Mexico Income Taxes ( 15.59% ) – $4,520
Annual Take-Home Pay in New Mexico ( 84.41% ) – $24,480
New York ( $23,992 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.50% ) – $1,015
FICA ( 7.65% ) – $2,219
Total New York Income Taxes ( 17.27% ) – $5,008
Annual Take-Home Pay in New York ( 82.73% ) – $23,992
Check Out This Annual Salary: $23,000 a Year
North Carolina ( $24,049 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.30% ) – $958
FICA ( 7.65% ) – $2,219
Total North Carolina Income Taxes ( 17.07% ) – $4,951
Annual Take-Home Pay in North Carolina ( 82.93% ) – $24,049
North Dakota ( $24,826 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.62% ) – $181
FICA ( 7.65% ) – $2,219
Total North Dakota Income Taxes ( 14.39% ) – $4,174
Annual Take-Home Pay in North Dakota ( 85.61% ) – $24,826
Ohio ( $24,947 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.20% ) – $59
FICA ( 7.65% ) – $2,219
Total Ohio Income Taxes ( 13.97% ) – $4,053
Annual Take-Home Pay in Ohio ( 86.03% ) – $24,947
Oklahoma ( $24,113 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.08% ) – $894
FICA ( 7.65% ) – $2,219
Total Oklahoma Income Taxes ( 16.85% ) – $4,887
Annual Take-Home Pay in Oklahoma ( 83.15% ) – $24,113
Oregon ( $22,965 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 7.04% ) – $2,042
FICA ( 7.65% ) – $2,219
Total Oregon Income Taxes ( 20.81% ) – $6,035
Annual Take-Home Pay in Oregon ( 79.19% ) – $22,965
Pennsylvania ( $24,116 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.07% ) – $890
FICA ( 7.65% ) – $2,219
Total Pennsylvania Income Taxes ( 16.84% ) – $4,884
Annual Take-Home Pay in Pennsylvania ( 83.16% ) – $24,116
Rhode Island ( $24,425 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.00% ) – $581
FICA ( 7.65% ) – $2,219
Total Rhode Island Income Taxes ( 15.77% ) – $4,575
Annual Take-Home Pay in Rhode Island ( 84.23% ) – $24,425
South Carolina ( $24,400 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.09% ) – $607
FICA ( 7.65% ) – $2,219
Total South Carolina Income Taxes ( 15.86% ) – $4,600
Annual Take-Home Pay in South Carolina ( 84.14% ) – $24,400
South Dakota ( $25,007 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,219
Total South Dakota Income Taxes ( 13.77% ) – $3,993
Annual Take-Home Pay in South Dakota ( 86.23% ) – $25,007
Tennessee ( $25,007 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,219
Total Tennessee Income Taxes ( 13.77% ) – $3,993
Annual Take-Home Pay in Tennessee ( 86.23% ) – $25,007
Texas ( $25,007 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,219
Total Texas Income Taxes ( 13.77% ) – $3,993
Annual Take-Home Pay in Texas ( 86.23% ) – $25,007
Utah ( $23,571 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 4.95% ) – $1,436
FICA ( 7.65% ) – $2,219
Total Utah Income Taxes ( 18.72% ) – $5,429
Annual Take-Home Pay in Utah ( 81.28% ) – $23,571
Vermont ( $24,390 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.13% ) – $616
FICA ( 7.65% ) – $2,219
Total Vermont Income Taxes ( 15.90% ) – $4,610
Annual Take-Home Pay in Vermont ( 84.10% ) – $24,390
Virginia ( $23,909 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.79% ) – $1,098
FICA ( 7.65% ) – $2,219
Total Virginia Income Taxes ( 17.56% ) – $5,091
Annual Take-Home Pay in Virginia ( 82.44% ) – $23,909
Washington ( $25,007 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,219
Total Washington Income Taxes ( 13.77% ) – $3,993
Annual Take-Home Pay in Washington ( 86.23% ) – $25,007
West Virginia ( $24,017 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 3.41% ) – $990
FICA ( 7.65% ) – $2,219
Total West Virginia Income Taxes ( 17.18% ) – $4,983
Annual Take-Home Pay in West Virginia ( 82.82% ) – $24,017
Wisconsin ( $24,230 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 2.68% ) – $777
FICA ( 7.65% ) – $2,219
Total Wisconsin Income Taxes ( 16.45% ) – $4,771
Annual Take-Home Pay in Wisconsin ( 83.55% ) – $24,230
Wyoming ( $25,007 )
Federal Income Tax ( 6.12% ) – $1,775
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,219
Total Wyoming Income Taxes ( 13.77% ) – $3,993
Annual Take-Home Pay in Wyoming ( 86.23% ) – $25,007
Summary
Here is a quick recap on how you can figure out how much $29,000 a year is hourly, monthly, biweekly, weekly, and daily.
When finding out how much $29,000 a year is per hour, you take $29,000 and divide it by 40 hours and 52 weeks.
When calculating the monthly income for 29,000 dollars a year, you take 29,000 dollars and divide it by 40 hours and 4 weeks.
To find out how much $29,000 a year is biweekly, take $29,000 and divide it by 40 hours and 2 weeks.
For weekly, you take $29,000 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 $29,000 a year is daily, you take $29,000 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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