$42,000 a Year is How Much an Hour? (Before and After Taxes)

Woman holding up an iPhone to take a picture while making $42,000 a year.

So you found out you will soon be getting a new job or raise and will be making $42,000 a year. But $42,000 a year is how much an hour?

Below you will find how much $42,000 is hourly, daily, weekly, biweekly, monthly, and even after taxes. There’s also an example budget you can use when making $42,000 a year.

To figure out how much $42,000 a year is as an hourly wage, divide $42,000 by 40 hours and 52 weeks. So if you were to work full-time, 40 hours a week, making $42,000 a year, you would earn $20.19 an hour.

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Comparison Table of $42,000 a Year (Before & After Taxes)

Here is a comparison table of the pretax and after-tax income of $42,000 a year:

$42,000 a YearPretax IncomeAfter-Tax Income
Yearly (52 Weeks)$42,000$31,500
Monthly (160 Hours)$3,230.77$2,423.08
Biweekly (80 Hours)$1,615.38$1,211.54
Weekly (40 Hours)$807.69$605.77
Daily (8 Hours)$161.54$121.15
Hourly (1 Hour)$20.19$15.14

$42,000 a Year is How Much an Hour?

If you make $42,000 a year, your hourly wage would be $20.19. This is calculated by dividing the $42,000 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 $42,000 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 ($20.19) changing slightly.

Find Out: $41,000 a Year

$42,000 a Year is How Much an Hour After Taxes?

If you make $42,000 a year, you would take home $15.14 an hour after taxes. Your pre-tax hourly wage was $20.19. But after paying 25% in taxes, your after-tax hourly wage would be $15.14 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 $42,000 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.

42,000 Dollars a Year is How Much After Taxes?

Anyone making $42,000 a year will have an after-tax income of $31,500. This number is calculated by assuming you will pay around 25% of your income towards taxes.

When you’re earning 42,000 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 $31,500, 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 42,000 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.

$42,000 a Year is How Much a Month?

If you make $42,000 a year, you will make $3,230.77 a month before taxes, assuming you are working full-time. Each month after taxes, you will make approximately $2,423.08.

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 $3,230.77.

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 $20.19 an hour.

Learn More: $40,000 a Year

$42,000 a Year is How Much Biweekly?

$42,000 a year is $1,615.38 biweekly before taxes and approximately $1,211.54 after taxes. Paying a tax rate of 25% and working full-time at 40 hours a week, you would earn $1,211.54 after taxes.

To calculate how much you make biweekly before taxes, you would multiply the hourly wage for $42,000 a year, $20.19 by 80 hours to get $1,615.38.

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 $1,615.38 each paycheck before taxes and $1,211.54 after taxes.

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$42,000 a Year is How Much a Week?

If you make $42,000 a year, you will get paid $807.69 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 $20.19 an hour, you get $807.69, your weekly income.

See: $39,000 a Year

42,000 Dollars a Year is How Much a Day?

$42,000 a year is $161.54 per day before taxes. The standard workday is 8 hours. So by multiplying 8 hours by $20.19 an hour, you would earn $161.54 every day. After taxes, you would earn $121.15 a day.

Tools You Need to Live on $42,000 a Year

So you’re earning $42,000 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 $42,000. 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 $42,000 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 $42,000 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 $42,000 a year or $20.19 an hour is approximately $2,423.08 a month.

You then will need to split that $2,423.08 after-tax income into different categories. These categories represent your expenses, savings, and investments. If you make $42,000 a year, this is an example of what your monthly budget can look like:

CategoryBudget AmountPercentage
Housing$726.9230%
Saving and Investing$363.4615%
Insurance$363.4615%
Food$242.3110%
Transportation$242.3110%
Entertainment and Recreation$242.3110%
Personal Expenses$121.155%
Utilities$121.155%
Total$2,423.08100%

Is $42,000 a Year a Good Salary?

A $42,000 salary is slightly lower than the average salary in the United States. In America, the average annual salary is $53,490.

So if you make $42,000 a year, you are making $11,490 less than the average U.S. salary.

Look: $38,000 a Year

$42,000 a Year Salary After Taxes in 2022 (By State)

Here is your estimated $42,000 a year salary after taxes in 2022 for each state. Your after-tax income will change based on state taxes.

Alabama ( $33,734 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 4.09% ) – $1,718

FICA ( 7.65% ) – $3,213

Total Alabama Income Taxes ( 19.68% ) – $8,266

Annual Take-Home Pay in Alabama ( 80.32% ) – $33,734

Alaska ( $35,452 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $3,213

Total Alaska Income Taxes ( 15.59% ) – $6,548

Annual Take-Home Pay in Alaska ( 84.41% ) – $35,452

Arizona ( $34,673 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 1.85% ) – $779

FICA ( 7.65% ) – $3,213

Total Arizona Income Taxes ( 17.44% ) – $7,327

Annual Take-Home Pay in Arizona ( 82.56% ) – $34,673

Arkansas ( $34,059 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.32% ) – $1,394

FICA ( 7.65% ) – $3,213

Total Arkansas Income Taxes ( 18.91% ) – $7,942

Annual Take-Home Pay in Arkansas ( 81.09% ) – $34,059

California ( $34,454 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 2.38% ) – $999

FICA ( 7.65% ) – $3,213

Total California Income Taxes ( 17.97% ) – $7,546

Annual Take-Home Pay in California ( 82.03% ) – $34,454

Colorado ( $34,112 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.19% ) – $1,340

FICA ( 7.65% ) – $3,213

Total Colorado Income Taxes ( 18.78% ) – $7,888

Annual Take-Home Pay in Colorado ( 81.22% ) – $34,112

Connecticut ( $33,701 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 4.17% ) – $1,751

FICA ( 7.65% ) – $3,213

Total Connecticut Income Taxes ( 19.76% ) – $8,299

Annual Take-Home Pay in Connecticut ( 80.24% ) – $33,701

Delaware ( $33,688 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 4.20% ) – $1,764

FICA ( 7.65% ) – $3,213

Total Delaware Income Taxes ( 19.79% ) – $8,312

Annual Take-Home Pay in Delaware ( 80.21% ) – $33,688

Florida ( $35,452 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $3,213

Total Florida Income Taxes ( 15.59% ) – $6,548

Annual Take-Home Pay in Florida ( 84.41% ) – $35,452

Georgia ( $33,629 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 4.34% ) – $1,823

FICA ( 7.65% ) – $3,213

Total Georgia Income Taxes ( 19.93% ) – $8,371

Annual Take-Home Pay in Georgia ( 80.07% ) – $33,629

Hawaii ( $32,977 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 5.89% ) – $2,475

FICA ( 7.65% ) – $3,213

Total Hawaii Income Taxes ( 21.48% ) – $9,023

Annual Take-Home Pay in Hawaii ( 78.52% ) – $32,977

Idaho ( $33,784 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.97% ) – $1,668

FICA ( 7.65% ) – $3,213

Total Idaho Income Taxes ( 19.56% ) – $8,216

Annual Take-Home Pay in Idaho ( 80.44% ) – $33,784

Illinois ( $33,491 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 4.67% ) – $1,961

FICA ( 7.65% ) – $3,213

Total Illinois Income Taxes ( 20.26% ) – $8,509

Annual Take-Home Pay in Illinois ( 79.74% ) – $33,491

Indiana ( $34,128 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.15% ) – $1,324

FICA ( 7.65% ) – $3,213

Total Indiana Income Taxes ( 18.74% ) – $7,872

Annual Take-Home Pay in Indiana ( 81.26% ) – $34,128

Iowa ( $33,890 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.72% ) – $1,562

FICA ( 7.65% ) – $3,213

Total Iowa Income Taxes ( 19.31% ) – $8,110

Annual Take-Home Pay in Iowa ( 80.69% ) – $33,890

Kansas ( $33,815 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.90% ) – $1,637

FICA ( 7.65% ) – $3,213

Total Kansas Income Taxes ( 19.49% ) – $8,185

Annual Take-Home Pay in Kansas ( 80.51% ) – $33,815

More About Salaries: $37,000 a Year

Kentucky ( $33,487 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 4.68% ) – $1,966

FICA ( 7.65% ) – $3,213

Total Kentucky Income Taxes ( 20.27% ) – $8,513

Annual Take-Home Pay in Kentucky ( 79.73% ) – $33,487

Louisiana ( $34,377 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 2.56% ) – $1,075

FICA ( 7.65% ) – $3,213

Total Louisiana Income Taxes ( 18.15% ) – $7,623

Annual Take-Home Pay in Louisiana ( 81.85% ) – $34,377

Maine ( $33,970 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.53% ) – $1,483

FICA ( 7.65% ) – $3,213

Total Maine Income Taxes ( 19.12% ) – $8,030

Annual Take-Home Pay in Maine ( 80.88% ) – $33,970

Maryland ( $33,911 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.67% ) – $1,541

FICA ( 7.65% ) – $3,213

Total Maryland Income Taxes ( 19.26% ) – $8,089

Annual Take-Home Pay in Maryland ( 80.74% ) – $33,911

Massachusetts ( $33,572 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 4.48% ) – $1,880

FICA ( 7.65% ) – $3,213

Total Massachusetts Income Taxes ( 20.07% ) – $8,428

Annual Take-Home Pay in Massachusetts ( 79.93% ) – $33,572

Michigan ( $33,875 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.75% ) – $1,577

FICA ( 7.65% ) – $3,213

Total Michigan Income Taxes ( 19.34% ) – $8,125

Annual Take-Home Pay in Michigan ( 80.66% ) – $33,875

Minnesota ( $33,855 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.80% ) – $1,597

FICA ( 7.65% ) – $3,213

Total Minnesota Income Taxes ( 19.39% ) – $8,145

Annual Take-Home Pay in Minnesota ( 80.61% ) – $33,855

Mississippi ( $34,007 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.44% ) – $1,445

FICA ( 7.65% ) – $3,213

Total Mississippi Income Taxes ( 19.03% ) – $7,993

Annual Take-Home Pay in Mississippi ( 80.97% ) – $34,007

Missouri ( $34,230 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 2.91% ) – $1,222

FICA ( 7.65% ) – $3,213

Total Missouri Income Taxes ( 18.50% ) – $7,770

Annual Take-Home Pay in Missouri ( 81.50% ) – $34,230

Montana ( $33,839 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.84% ) – $1,613

FICA ( 7.65% ) – $3,213

Total Montana Income Taxes ( 19.43% ) – $8,161

Annual Take-Home Pay in Montana ( 80.57% ) – $33,839

Nebraska ( $33,990 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.48% ) – $1,462

FICA ( 7.65% ) – $3,213

Total Nebraska Income Taxes ( 19.07% ) – $8,010

Annual Take-Home Pay in Nebraska ( 80.93% ) – $33,990

Nevada ( $35,452 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $3,213

Total Nevada Income Taxes ( 15.59% ) – $6,548

Annual Take-Home Pay in Nevada ( 84.41% ) – $35,452

New Hampshire ( $35,452 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $3,213

Total New Hampshire Income Taxes ( 15.59% ) – $6,548

Annual Take-Home Pay in New Hampshire ( 84.41% ) – $35,452

New Jersey ( $34,679 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 1.84% ) – $773

FICA ( 7.65% ) – $3,213

Total New Jersey Income Taxes ( 17.43% ) – $7,321

Annual Take-Home Pay in New Jersey ( 82.57% ) – $34,679

New Mexico ( $34,289 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 2.77% ) – $1,164

FICA ( 7.65% ) – $3,213

Total New Mexico Income Taxes ( 18.36% ) – $7,711

Annual Take-Home Pay in New Mexico ( 81.64% ) – $34,289

New York ( $33,677 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 4.23% ) – $1,775

FICA ( 7.65% ) – $3,213

Total New York Income Taxes ( 19.82% ) – $8,323

Annual Take-Home Pay in New York ( 80.18% ) – $33,677

Check Out This Annual Salary: $36,000 a Year

North Carolina ( $33,812 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.91% ) – $1,641

FICA ( 7.65% ) – $3,213

Total North Carolina Income Taxes ( 19.50% ) – $8,188

Annual Take-Home Pay in North Carolina ( 80.50% ) – $33,812

North Dakota ( $35,128 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 0.77% ) – $324

FICA ( 7.65% ) – $3,213

Total North Dakota Income Taxes ( 16.36% ) – $6,872

Annual Take-Home Pay in North Dakota ( 83.64% ) – $35,128

Ohio ( $35,033 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 1.00% ) – $419

FICA ( 7.65% ) – $3,213

Total Ohio Income Taxes ( 16.59% ) – $6,967

Annual Take-Home Pay in Ohio ( 83.41% ) – $35,033

Oklahoma ( $33,908 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.68% ) – $1,544

FICA ( 7.65% ) – $3,213

Total Oklahoma Income Taxes ( 19.27% ) – $8,092

Annual Take-Home Pay in Oklahoma ( 80.73% ) – $33,908

Oregon ( $32,277 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 7.56% ) – $3,175

FICA ( 7.65% ) – $3,213

Total Oregon Income Taxes ( 23.15% ) – $9,723

Annual Take-Home Pay in Oregon ( 76.85% ) – $32,277

Pennsylvania ( $34,163 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.07% ) – $1,289

FICA ( 7.65% ) – $3,213

Total Pennsylvania Income Taxes ( 18.66% ) – $7,837

Annual Take-Home Pay in Pennsylvania ( 81.34% ) – $34,163

Rhode Island ( $34,383 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 2.54% ) – $1,069

FICA ( 7.65% ) – $3,213

Total Rhode Island Income Taxes ( 18.13% ) – $7,617

Annual Take-Home Pay in Rhode Island ( 81.87% ) – $34,383

South Carolina ( $33,936 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.61% ) – $1,517

FICA ( 7.65% ) – $3,213

Total South Carolina Income Taxes ( 19.20% ) – $8,064

Annual Take-Home Pay in South Carolina ( 80.80% ) – $33,936

South Dakota ( $35,452 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $3,213

Total South Dakota Income Taxes ( 15.59% ) – $6,548

Annual Take-Home Pay in South Dakota ( 84.41% ) – $35,452

Tennessee ( $35,452 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $3,213

Total Tennessee Income Taxes ( 15.59% ) – $6,548

Annual Take-Home Pay in Tennessee ( 84.41% ) – $35,452

Texas ( $35,452 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $3,213

Total Texas Income Taxes ( 15.59% ) – $6,548

Annual Take-Home Pay in Texas ( 84.41% ) – $35,452

Utah ( $33,373 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 4.95% ) – $2,079

FICA ( 7.65% ) – $3,213

Total Utah Income Taxes ( 20.54% ) – $8,627

Annual Take-Home Pay in Utah ( 79.46% ) – $33,373

Vermont ( $34,400 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 2.50% ) – $1,052

FICA ( 7.65% ) – $3,213

Total Vermont Income Taxes ( 18.09% ) – $7,600

Annual Take-Home Pay in Vermont ( 81.91% ) – $34,400

Virginia ( $33,607 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 4.39% ) – $1,845

FICA ( 7.65% ) – $3,213

Total Virginia Income Taxes ( 19.98% ) – $8,393

Annual Take-Home Pay in Virginia ( 80.02% ) – $33,607

Washington ( $35,452 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $3,213

Total Washington Income Taxes ( 15.59% ) – $6,548

Annual Take-Home Pay in Washington ( 84.41% ) – $35,452

West Virginia ( $33,877 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.75% ) – $1,575

FICA ( 7.65% ) – $3,213

Total West Virginia Income Taxes ( 19.34% ) – $8,123

Annual Take-Home Pay in West Virginia ( 80.66% ) – $33,877

Wisconsin ( $33,932 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 3.62% ) – $1,520

FICA ( 7.65% ) – $3,213

Total Wisconsin Income Taxes ( 19.21% ) – $8,068

Annual Take-Home Pay in Wisconsin ( 80.79% ) – $33,932

Wyoming ( $35,452 )

Federal Income Tax ( 7.94% ) – $3,335

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $3,213

Total Wyoming Income Taxes ( 15.59% ) – $6,548

Annual Take-Home Pay in Wyoming ( 84.41% ) – $35,452

Summary

Here is a quick recap on how you can figure out how much $42,000 a year is hourly, monthly, biweekly, weekly, and daily.

When finding out how much $42,000 a year is per hour, you take $42,000 and divide it by 40 hours and 52 weeks.

When calculating the monthly income for 42,000 dollars a year, you take 42,000 dollars and divide it by 40 hours and 4 weeks.

To find out how much $42,000 a year is biweekly, take $42,000 and divide it by 40 hours and 2 weeks.

For weekly, you take $42,000 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 $42,000 a year is daily, you take $42,000 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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