So you found out you will soon be getting a new job or raise and will be making $31,000 a year. But $31,000 a year is how much an hour?
Below you will find how much $31,000 is hourly, daily, weekly, biweekly, monthly, and even after taxes. There’s also an example budget you can use when making $31,000 a year.
To figure out how much $31,000 a year is as an hourly wage, divide $31,000 by 40 hours and 52 weeks. So if you were to work full-time, 40 hours a week, making $31,000 a year, you would earn $14.90 an hour.
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Comparison Table of $31,000 a Year (Before & After Taxes)
Here is a comparison table of the pretax and after-tax income of $31,000 a year:
| $31,000 a Year | Pretax Income | After-Tax Income |
|---|---|---|
| Yearly (52 Weeks) | $31,000 | $23,250 |
| Monthly (160 Hours) | $2,384.62 | $1,788.46 |
| Biweekly (80 Hours) | $1,192.31 | $894.23 |
| Weekly (40 Hours) | $596.15 | $447.12 |
| Daily (8 Hours) | $119.23 | $89.42 |
| Hourly (1 Hour) | $14.90 | $11.18 |
$31,000 a Year is How Much an Hour?
If you make $31,000 a year, your hourly wage would be $14.90. This is calculated by dividing the $31,000 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 $31,000 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 ($14.90) changing slightly.
Find Out: $30,000 a Year
$31,000 a Year is How Much an Hour After Taxes?
If you make $31,000 a year, you would take home $11.18 an hour after taxes. Your pre-tax hourly wage was $14.90. But after paying 25% in taxes, your after-tax hourly wage would be $11.18 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 $31,000 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.
31,000 Dollars a Year is How Much After Taxes?
Anyone making $31,000 a year will have an after-tax income of $23,250. This number is calculated by assuming you will pay around 25% of your income towards taxes.
When you’re earning 31,000 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 $23,250, 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 31,000 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.
$31,000 a Year is How Much a Month?
If you make $31,000 a year, you will make $2,384.62 a month before taxes, assuming you are working full-time. Each month after taxes, you will make approximately $1,788.46.
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 $2,384.62.
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 $14.90 an hour.
Learn More: $29,000 a Year
$31,000 a Year is How Much Biweekly?
$31,000 a year is $1,192.31 biweekly before taxes and approximately $894.23 after taxes. Paying a tax rate of 25% and working full-time at 40 hours a week, you would earn $894.23 after taxes.
To calculate how much you make biweekly before taxes, you would multiply the hourly wage for $31,000 a year, $14.90 by 80 hours to get $1,192.31.
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 $1,192.31 each paycheck before taxes and $894.23 after taxes.
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$31,000 a Year is How Much a Week?
If you make $31,000 a year, you will get paid $596.15 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 $14.90 an hour, you get $596.15, your weekly income.
See: $28,000 a Year
31,000 Dollars a Year is How Much a Day?
$31,000 a year is $119.23 per day before taxes. The standard workday is 8 hours. So by multiplying 8 hours by $14.90 an hour, you would earn $119.23 every day. After taxes, you would earn $89.42 a day.
Tools You Need to Live on $31,000 a Year
So you’re earning $31,000 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 $31,000. 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 $31,000 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 $31,000 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 $31,000 a year or $14.90 an hour is approximately $1,788.46 a month.
You then will need to split that $1,788.46 after-tax income into different categories. These categories represent your expenses, savings, and investments. If you make $31,000 a year, this is an example of what your monthly budget can look like:
| Category | Budget Amount | Percentage |
|---|---|---|
| Housing | $536.54 | 30% |
| Saving and Investing | $268.27 | 15% |
| Insurance | $268.27 | 15% |
| Food | $178.85 | 10% |
| Transportation | $178.85 | 10% |
| Entertainment and Recreation | $178.85 | 10% |
| Personal Expenses | $89.42 | 5% |
| Utilities | $89.42 | 5% |
| Total | $1,788.46 | 100% |
Is $31,000 a Year a Good Salary?
A $31,000 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 $31,000 a year, you are making $22,490 less than the average U.S. salary.
Look: $27,000 a Year
$31,000 a Year Salary After Taxes in 2022 (By State)
Here is your estimated $31,000 a year salary after taxes in 2022 for each state. Your after-tax income will change based on state taxes.
Alabama ( $25,380 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.98% ) – $1,234
FICA ( 7.65% ) – $2,372
Total Alabama Income Taxes ( 18.13% ) – $5,620
Annual Take-Home Pay in Alabama ( 81.87% ) – $25,380
Alaska ( $26,614 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,372
Total Alaska Income Taxes ( 14.15% ) – $4,387
Annual Take-Home Pay in Alaska ( 85.85% ) – $26,614
Arizona ( $26,136 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 1.54% ) – $478
FICA ( 7.65% ) – $2,372
Total Arizona Income Taxes ( 15.69% ) – $4,864
Annual Take-Home Pay in Arizona ( 84.31% ) – $26,136
Arkansas ( $25,782 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.68% ) – $832
FICA ( 7.65% ) – $2,372
Total Arkansas Income Taxes ( 16.83% ) – $5,219
Annual Take-Home Pay in Arkansas ( 83.17% ) – $25,782
California ( $26,101 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 1.65% ) – $512
FICA ( 7.65% ) – $2,372
Total California Income Taxes ( 15.80% ) – $4,899
Annual Take-Home Pay in California ( 84.20% ) – $26,101
Colorado ( $25,774 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.71% ) – $839
FICA ( 7.65% ) – $2,372
Total Colorado Income Taxes ( 16.86% ) – $5,226
Annual Take-Home Pay in Colorado ( 83.14% ) – $25,774
Connecticut ( $25,963 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.10% ) – $651
FICA ( 7.65% ) – $2,372
Total Connecticut Income Taxes ( 16.25% ) – $5,038
Annual Take-Home Pay in Connecticut ( 83.75% ) – $25,963
Delaware ( $25,460 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.72% ) – $1,154
FICA ( 7.65% ) – $2,372
Total Delaware Income Taxes ( 17.87% ) – $5,540
Annual Take-Home Pay in Delaware ( 82.13% ) – $25,460
Florida ( $26,614 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,372
Total Florida Income Taxes ( 14.15% ) – $4,387
Annual Take-Home Pay in Florida ( 85.85% ) – $26,614
Georgia ( $25,423 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.84% ) – $1,190
FICA ( 7.65% ) – $2,372
Total Georgia Income Taxes ( 17.99% ) – $5,577
Annual Take-Home Pay in Georgia ( 82.01% ) – $25,423
Hawaii ( $24,982 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 5.26% ) – $1,631
FICA ( 7.65% ) – $2,372
Total Hawaii Income Taxes ( 19.41% ) – $6,018
Annual Take-Home Pay in Hawaii ( 80.59% ) – $24,982
Idaho ( $25,660 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.07% ) – $953
FICA ( 7.65% ) – $2,372
Total Idaho Income Taxes ( 17.22% ) – $5,340
Annual Take-Home Pay in Idaho ( 82.78% ) – $25,660
Illinois ( $25,197 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 4.57% ) – $1,417
FICA ( 7.65% ) – $2,372
Total Illinois Income Taxes ( 18.72% ) – $5,803
Annual Take-Home Pay in Illinois ( 81.28% ) – $25,197
Indiana ( $25,645 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.13% ) – $969
FICA ( 7.65% ) – $2,372
Total Indiana Income Taxes ( 17.28% ) – $5,356
Annual Take-Home Pay in Indiana ( 82.72% ) – $25,645
Iowa ( $25,519 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.53% ) – $1,094
FICA ( 7.65% ) – $2,372
Total Iowa Income Taxes ( 17.68% ) – $5,481
Annual Take-Home Pay in Iowa ( 82.32% ) – $25,519
Kansas ( $25,584 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.32% ) – $1,029
FICA ( 7.65% ) – $2,372
Total Kansas Income Taxes ( 17.47% ) – $5,416
Annual Take-Home Pay in Kansas ( 82.53% ) – $25,584
More About Salaries: $26,000 a Year
Kentucky ( $25,198 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 4.57% ) – $1,416
FICA ( 7.65% ) – $2,372
Total Kentucky Income Taxes ( 18.72% ) – $5,802
Annual Take-Home Pay in Kentucky ( 81.28% ) – $25,198
Louisiana ( $25,925 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.22% ) – $688
FICA ( 7.65% ) – $2,372
Total Louisiana Income Taxes ( 16.37% ) – $5,075
Annual Take-Home Pay in Louisiana ( 83.63% ) – $25,925
Maine ( $25,792 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.65% ) – $822
FICA ( 7.65% ) – $2,372
Total Maine Income Taxes ( 16.80% ) – $5,208
Annual Take-Home Pay in Maine ( 83.20% ) – $25,792
Maryland ( $25,594 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.29% ) – $1,020
FICA ( 7.65% ) – $2,372
Total Maryland Income Taxes ( 17.44% ) – $5,406
Annual Take-Home Pay in Maryland ( 82.56% ) – $25,594
Massachusetts ( $25,284 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 4.29% ) – $1,330
FICA ( 7.65% ) – $2,372
Total Massachusetts Income Taxes ( 18.44% ) – $5,717
Annual Take-Home Pay in Massachusetts ( 81.56% ) – $25,284
Michigan ( $25,504 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.58% ) – $1,109
FICA ( 7.65% ) – $2,372
Total Michigan Income Taxes ( 17.73% ) – $5,496
Annual Take-Home Pay in Michigan ( 82.27% ) – $25,504
Minnesota ( $25,625 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.19% ) – $988
FICA ( 7.65% ) – $2,372
Total Minnesota Income Taxes ( 17.34% ) – $5,375
Annual Take-Home Pay in Minnesota ( 82.66% ) – $25,625
Mississippi ( $25,719 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.89% ) – $895
FICA ( 7.65% ) – $2,372
Total Mississippi Income Taxes ( 17.04% ) – $5,282
Annual Take-Home Pay in Mississippi ( 82.96% ) – $25,719
Missouri ( $25,916 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.25% ) – $698
FICA ( 7.65% ) – $2,372
Total Missouri Income Taxes ( 16.40% ) – $5,084
Annual Take-Home Pay in Missouri ( 83.60% ) – $25,916
Montana ( $25,671 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.04% ) – $942
FICA ( 7.65% ) – $2,372
Total Montana Income Taxes ( 17.19% ) – $5,329
Annual Take-Home Pay in Montana ( 82.81% ) – $25,671
Nebraska ( $25,752 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.78% ) – $861
FICA ( 7.65% ) – $2,372
Total Nebraska Income Taxes ( 16.93% ) – $5,248
Annual Take-Home Pay in Nebraska ( 83.07% ) – $25,752
Nevada ( $26,614 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,372
Total Nevada Income Taxes ( 14.15% ) – $4,387
Annual Take-Home Pay in Nevada ( 85.85% ) – $26,614
New Hampshire ( $26,614 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,372
Total New Hampshire Income Taxes ( 14.15% ) – $4,387
Annual Take-Home Pay in New Hampshire ( 85.85% ) – $26,614
New Jersey ( $26,159 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 1.47% ) – $455
FICA ( 7.65% ) – $2,372
Total New Jersey Income Taxes ( 15.62% ) – $4,842
Annual Take-Home Pay in New Jersey ( 84.38% ) – $26,159
New Mexico ( $25,989 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.01% ) – $625
FICA ( 7.65% ) – $2,372
Total New Mexico Income Taxes ( 16.16% ) – $5,011
Annual Take-Home Pay in New Mexico ( 83.84% ) – $25,989
New York ( $25,482 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.65% ) – $1,132
FICA ( 7.65% ) – $2,372
Total New York Income Taxes ( 17.80% ) – $5,518
Annual Take-Home Pay in New York ( 82.20% ) – $25,482
Check Out This Annual Salary: $25,000 a Year
North Carolina ( $25,550 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.43% ) – $1,063
FICA ( 7.65% ) – $2,372
Total North Carolina Income Taxes ( 17.58% ) – $5,450
Annual Take-Home Pay in North Carolina ( 82.42% ) – $25,550
North Dakota ( $26,411 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.65% ) – $203
FICA ( 7.65% ) – $2,372
Total North Dakota Income Taxes ( 14.80% ) – $4,589
Annual Take-Home Pay in North Dakota ( 85.20% ) – $26,411
Ohio ( $26,499 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.37% ) – $115
FICA ( 7.65% ) – $2,372
Total Ohio Income Taxes ( 14.52% ) – $4,501
Annual Take-Home Pay in Ohio ( 85.48% ) – $26,499
Oklahoma ( $25,620 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.21% ) – $994
FICA ( 7.65% ) – $2,372
Total Oklahoma Income Taxes ( 17.36% ) – $5,381
Annual Take-Home Pay in Oklahoma ( 82.64% ) – $25,620
Oregon ( $24,397 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 7.15% ) – $2,217
FICA ( 7.65% ) – $2,372
Total Oregon Income Taxes ( 21.30% ) – $6,603
Annual Take-Home Pay in Oregon ( 78.70% ) – $24,397
Pennsylvania ( $25,662 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.07% ) – $952
FICA ( 7.65% ) – $2,372
Total Pennsylvania Income Taxes ( 17.22% ) – $5,338
Annual Take-Home Pay in Pennsylvania ( 82.78% ) – $25,662
Rhode Island ( $25,957 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.12% ) – $656
FICA ( 7.65% ) – $2,372
Total Rhode Island Income Taxes ( 16.27% ) – $5,043
Annual Take-Home Pay in Rhode Island ( 83.73% ) – $25,957
South Carolina ( $25,867 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.41% ) – $747
FICA ( 7.65% ) – $2,372
Total South Carolina Income Taxes ( 16.56% ) – $5,133
Annual Take-Home Pay in South Carolina ( 83.44% ) – $25,867
South Dakota ( $26,614 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,372
Total South Dakota Income Taxes ( 14.15% ) – $4,387
Annual Take-Home Pay in South Dakota ( 85.85% ) – $26,614
Tennessee ( $26,614 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,372
Total Tennessee Income Taxes ( 14.15% ) – $4,387
Annual Take-Home Pay in Tennessee ( 85.85% ) – $26,614
Texas ( $26,614 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,372
Total Texas Income Taxes ( 14.15% ) – $4,387
Annual Take-Home Pay in Texas ( 85.85% ) – $26,614
Utah ( $25,079 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 4.95% ) – $1,535
FICA ( 7.65% ) – $2,372
Total Utah Income Taxes ( 19.10% ) – $5,921
Annual Take-Home Pay in Utah ( 80.90% ) – $25,079
Vermont ( $25,930 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.20% ) – $683
FICA ( 7.65% ) – $2,372
Total Vermont Income Taxes ( 16.35% ) – $5,070
Annual Take-Home Pay in Vermont ( 83.65% ) – $25,930
Virginia ( $25,401 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.91% ) – $1,213
FICA ( 7.65% ) – $2,372
Total Virginia Income Taxes ( 18.06% ) – $5,599
Annual Take-Home Pay in Virginia ( 81.94% ) – $25,401
Washington ( $26,614 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,372
Total Washington Income Taxes ( 14.15% ) – $4,387
Annual Take-Home Pay in Washington ( 85.85% ) – $26,614
West Virginia ( $25,534 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 3.48% ) – $1,080
FICA ( 7.65% ) – $2,372
Total West Virginia Income Taxes ( 17.63% ) – $5,467
Annual Take-Home Pay in West Virginia ( 82.37% ) – $25,534
Wisconsin ( $25,733 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 2.84% ) – $880
FICA ( 7.65% ) – $2,372
Total Wisconsin Income Taxes ( 16.99% ) – $5,267
Annual Take-Home Pay in Wisconsin ( 83.01% ) – $25,733
Wyoming ( $26,614 )
Federal Income Tax ( 6.50% ) – $2,015
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,372
Total Wyoming Income Taxes ( 14.15% ) – $4,387
Annual Take-Home Pay in Wyoming ( 85.85% ) – $26,614
Summary
Here is a quick recap on how you can figure out how much $31,000 a year is hourly, monthly, biweekly, weekly, and daily.
When finding out how much $31,000 a year is per hour, you take $31,000 and divide it by 40 hours and 52 weeks.
When calculating the monthly income for 31,000 dollars a year, you take 31,000 dollars and divide it by 40 hours and 4 weeks.
To find out how much $31,000 a year is biweekly, take $31,000 and divide it by 40 hours and 2 weeks.
For weekly, you take $31,000 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 $31,000 a year is daily, you take $31,000 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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