So you found out you will soon make $48,000 a year from your new promotion or job. But $48,000 a year is how much an hour?
Below you will find how much $48,000 is hourly, daily, weekly, biweekly, monthly, and even after taxes. There’s also an example budget you can use when making $48,000 a year.
To figure out how much $48,000 a year is as an hourly wage, divide $48,000 by 40 hours and 52 weeks. So if you were to work full-time, 40 hours a week, making $48,000 a year, you would earn $23.08 an hour.
This post may contain affiliate links. For more information, see our disclosure policy.
Comparison Table of $48,000 a Year (Before & After Taxes)
Here is a comparison table of the pretax and after-tax income of $48,000 a year:
| $48,000 a Year | Pretax Income | After-Tax Income |
|---|---|---|
| Yearly (52 Weeks) | $48,000 | $36,000 |
| Monthly (160 Hours) | $3,692.31 | $2,769.23 |
| Biweekly (80 Hours) | $1,846.15 | $1,384.62 |
| Weekly (40 Hours) | $923.08 | $692.31 |
| Daily (8 Hours) | $184.62 | $138.46 |
| Hourly (1 Hour) | $23.08 | $17.31 |
$48,000 a Year is How Much an Hour?
If you make $48,000 a year, your hourly wage would be $23.08. This is calculated by dividing the $48,000 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 $48,000 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 ($23.08) changing slightly.
Find Out: $47,000 a Year
$48,000 a Year is How Much an Hour After Taxes?
If you make $48,000 a year, you would take home $17.31 an hour after taxes. Your pre-tax hourly wage was $23.08. But after paying 25% in taxes, your after-tax hourly wage would be $17.31 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 $48,000 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.
48,000 Dollars a Year is How Much After Taxes?
Anyone making $48,000 a year will have an after-tax income of $36,000. This number is calculated by assuming you will pay around 25% of your income towards taxes.
When you’re earning 48,000 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 $36,000, 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 48,000 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.
$48,000 a Year is How Much a Month?
If you make $48,000 a year, you will make $3,692.31 a month before taxes, assuming you are working full-time. Each month after taxes, you will make approximately $2,769.23.
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 $3,692.31.
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 $23.08 an hour.
Learn More: $46,000 a Year
$48,000 a Year is How Much Biweekly?
$48,000 a year is $1,846.15 biweekly before taxes and approximately $1,384.62 after taxes. Paying a tax rate of 25% and working full-time at 40 hours a week, you would earn $1,384.62 after taxes.
To calculate how much you make biweekly before taxes, you would multiply the hourly wage for $48,000 a year, $23.08 by 80 hours to get $1,846.15.
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 $1,846.15 each paycheck before taxes and $1,384.62 after taxes.
Our Recommendation: Get paid up to two days early with direct deposit when you use Chime.
$48,000 a Year is How Much a Week?
If you make $48,000 a year, you will get paid $923.08 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 $23.08 an hour, you get $923.08, your weekly income.
See: $45,000 a Year
48,000 Dollars a Year is How Much a Day?
$48,000 a year is $184.62 per day before taxes. The standard workday is 8 hours. So by multiplying 8 hours by $23.08 an hour, you would earn $184.62 every day. After taxes, you would earn $138.46 a day.
Tools You Need to Live on $48,000 a Year
So you’re earning $48,000 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 $48,000. 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 $48,000 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 $48,000 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 $48,000 a year or $23.08 an hour is approximately $2,769.23 a month.
You then will need to split that $2,769.23 after-tax income into different categories. These categories represent your expenses, savings, and investments. If you make $48,000 a year, this is an example of what your monthly budget can look like:
| Category | Budget Amount | Percentage |
|---|---|---|
| Housing | $830.77 | 30% |
| Saving and Investing | $415.38 | 15% |
| Insurance | $415.38 | 15% |
| Food | $276.92 | 10% |
| Transportation | $276.92 | 10% |
| Entertainment and Recreation | $276.92 | 10% |
| Personal Expenses | $138.46 | 5% |
| Utilities | $138.46 | 5% |
| Total | $2,769.23 | 100% |
Is $48,000 a Year a Good Salary?
A $48,000 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 $48,000 a year, you are making $5,490 less than the average U.S. salary.
Look: $44,000 a Year
$48,000 a Year Salary After Taxes in 2022 (By State)
Here is your estimated $48,000 a year salary after taxes in 2022 for each state. Your after-tax income will change based on state taxes.
Alabama ( $38,290 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.13% ) – $1,982
FICA ( 7.65% ) – $3,672
Total Alabama Income Taxes ( 20.23% ) – $9,710
Annual Take-Home Pay in Alabama ( 79.77% ) – $38,290
Alaska ( $40,272 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $3,672
Total Alaska Income Taxes ( 16.10% ) – $7,728
Annual Take-Home Pay in Alaska ( 83.90% ) – $40,272
Arizona ( $39,293 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 2.04% ) – $979
FICA ( 7.65% ) – $3,672
Total Arizona Income Taxes ( 18.14% ) – $8,707
Annual Take-Home Pay in Arizona ( 81.86% ) – $39,293
Arkansas ( $38,524 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.64% ) – $1,748
FICA ( 7.65% ) – $3,672
Total Arkansas Income Taxes ( 19.74% ) – $9,476
Annual Take-Home Pay in Arkansas ( 80.26% ) – $38,524
California ( $38,913 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 2.83% ) – $1,359
FICA ( 7.65% ) – $3,672
Total California Income Taxes ( 18.93% ) – $9,087
Annual Take-Home Pay in California ( 81.07% ) – $38,913
Colorado ( $38,659 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.36% ) – $1,613
FICA ( 7.65% ) – $3,672
Total Colorado Income Taxes ( 19.46% ) – $9,341
Annual Take-Home Pay in Colorado ( 80.54% ) – $38,659
Connecticut ( $38,074 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.58% ) – $2,198
FICA ( 7.65% ) – $3,672
Total Connecticut Income Taxes ( 20.68% ) – $9,926
Annual Take-Home Pay in Connecticut ( 79.32% ) – $38,074
Delaware ( $38,175 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.37% ) – $2,097
FICA ( 7.65% ) – $3,672
Total Delaware Income Taxes ( 20.47% ) – $9,825
Annual Take-Home Pay in Delaware ( 79.53% ) – $38,175
Florida ( $40,272 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $3,672
Total Florida Income Taxes ( 16.10% ) – $7,728
Annual Take-Home Pay in Florida ( 83.90% ) – $40,272
Georgia ( $38,104 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.52% ) – $2,168
FICA ( 7.65% ) – $3,672
Total Georgia Income Taxes ( 20.62% ) – $9,896
Annual Take-Home Pay in Georgia ( 79.38% ) – $38,104
Hawaii ( $37,323 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 6.14% ) – $2,949
FICA ( 7.65% ) – $3,672
Total Hawaii Income Taxes ( 22.24% ) – $10,677
Annual Take-Home Pay in Hawaii ( 77.76% ) – $37,323
Idaho ( $38,214 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.29% ) – $2,058
FICA ( 7.65% ) – $3,672
Total Idaho Income Taxes ( 20.39% ) – $9,786
Annual Take-Home Pay in Idaho ( 79.61% ) – $38,214
Illinois ( $38,014 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.71% ) – $2,258
FICA ( 7.65% ) – $3,672
Total Illinois Income Taxes ( 20.81% ) – $9,986
Annual Take-Home Pay in Illinois ( 79.19% ) – $38,014
Indiana ( $38,754 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.16% ) – $1,518
FICA ( 7.65% ) – $3,672
Total Indiana Income Taxes ( 19.26% ) – $9,246
Annual Take-Home Pay in Indiana ( 80.74% ) – $38,754
Iowa ( $38,453 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.79% ) – $1,819
FICA ( 7.65% ) – $3,672
Total Iowa Income Taxes ( 19.89% ) – $9,547
Annual Take-Home Pay in Iowa ( 80.11% ) – $38,453
Kansas ( $38,293 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.12% ) – $1,979
FICA ( 7.65% ) – $3,672
Total Kansas Income Taxes ( 20.22% ) – $9,707
Annual Take-Home Pay in Kansas ( 79.78% ) – $38,293
More About Salaries: $43,000 a Year
Kentucky ( $38,007 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.72% ) – $2,266
FICA ( 7.65% ) – $3,672
Total Kentucky Income Taxes ( 20.82% ) – $9,994
Annual Take-Home Pay in Kentucky ( 79.18% ) – $38,007
Louisiana ( $38,986 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 2.68% ) – $1,286
FICA ( 7.65% ) – $3,672
Total Louisiana Income Taxes ( 18.78% ) – $9,014
Annual Take-Home Pay in Louisiana ( 81.22% ) – $38,986
Maine ( $38,381 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.94% ) – $1,891
FICA ( 7.65% ) – $3,672
Total Maine Income Taxes ( 20.04% ) – $9,619
Annual Take-Home Pay in Maine ( 79.96% ) – $38,381
Maryland ( $38,443 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.81% ) – $1,829
FICA ( 7.65% ) – $3,672
Total Maryland Income Taxes ( 19.91% ) – $9,557
Annual Take-Home Pay in Maryland ( 80.09% ) – $38,443
Massachusetts ( $38,092 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.54% ) – $2,180
FICA ( 7.65% ) – $3,672
Total Massachusetts Income Taxes ( 20.64% ) – $9,908
Annual Take-Home Pay in Massachusetts ( 79.36% ) – $38,092
Michigan ( $38,440 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.82% ) – $1,832
FICA ( 7.65% ) – $3,672
Total Michigan Income Taxes ( 19.92% ) – $9,560
Annual Take-Home Pay in Michigan ( 80.08% ) – $38,440
Minnesota ( $38,267 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.18% ) – $2,005
FICA ( 7.65% ) – $3,672
Total Minnesota Income Taxes ( 20.28% ) – $9,733
Annual Take-Home Pay in Minnesota ( 79.72% ) – $38,267
Mississippi ( $38,527 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.64% ) – $1,745
FICA ( 7.65% ) – $3,672
Total Mississippi Income Taxes ( 19.74% ) – $9,473
Annual Take-Home Pay in Mississippi ( 80.26% ) – $38,527
Missouri ( $38,765 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.14% ) – $1,507
FICA ( 7.65% ) – $3,672
Total Missouri Income Taxes ( 19.24% ) – $9,235
Annual Take-Home Pay in Missouri ( 80.76% ) – $38,765
Montana ( $38,294 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.12% ) – $1,978
FICA ( 7.65% ) – $3,672
Total Montana Income Taxes ( 20.22% ) – $9,706
Annual Take-Home Pay in Montana ( 79.78% ) – $38,294
Nebraska ( $38,400 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.90% ) – $1,872
FICA ( 7.65% ) – $3,672
Total Nebraska Income Taxes ( 20.00% ) – $9,600
Annual Take-Home Pay in Nebraska ( 80.00% ) – $38,400
Nevada ( $40,272 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $3,672
Total Nevada Income Taxes ( 16.10% ) – $7,728
Annual Take-Home Pay in Nevada ( 83.90% ) – $40,272
New Hampshire ( $40,272 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $3,672
Total New Hampshire Income Taxes ( 16.10% ) – $7,728
Annual Take-Home Pay in New Hampshire ( 83.90% ) – $40,272
New Jersey ( $39,168 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 2.30% ) – $1,104
FICA ( 7.65% ) – $3,672
Total New Jersey Income Taxes ( 18.40% ) – $8,832
Annual Take-Home Pay in New Jersey ( 81.60% ) – $39,168
New Mexico ( $38,814 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.04% ) – $1,458
FICA ( 7.65% ) – $3,672
Total New Mexico Income Taxes ( 19.14% ) – $9,186
Annual Take-Home Pay in New Mexico ( 80.86% ) – $38,814
New York ( $38,146 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.43% ) – $2,126
FICA ( 7.65% ) – $3,672
Total New York Income Taxes ( 20.53% ) – $9,854
Annual Take-Home Pay in New York ( 79.47% ) – $38,146
Check Out This Annual Salary: $42,000 a Year
North Carolina ( $38,316 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.07% ) – $1,956
FICA ( 7.65% ) – $3,672
Total North Carolina Income Taxes ( 20.17% ) – $9,684
Annual Take-Home Pay in North Carolina ( 79.83% ) – $38,316
North Dakota ( $39,882 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 0.81% ) – $390
FICA ( 7.65% ) – $3,672
Total North Dakota Income Taxes ( 16.91% ) – $8,118
Annual Take-Home Pay in North Dakota ( 83.09% ) – $39,882
Ohio ( $39,678 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 1.24% ) – $594
FICA ( 7.65% ) – $3,672
Total Ohio Income Taxes ( 17.34% ) – $8,322
Annual Take-Home Pay in Ohio ( 82.66% ) – $39,678
Oklahoma ( $38,428 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.84% ) – $1,844
FICA ( 7.65% ) – $3,672
Total Oklahoma Income Taxes ( 19.94% ) – $9,572
Annual Take-Home Pay in Oklahoma ( 80.06% ) – $38,428
Oregon ( $36,576 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 7.70% ) – $3,696
FICA ( 7.65% ) – $3,672
Total Oregon Income Taxes ( 23.80% ) – $11,424
Annual Take-Home Pay in Oregon ( 76.20% ) – $36,576
Pennsylvania ( $38,798 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.07% ) – $1,474
FICA ( 7.65% ) – $3,672
Total Pennsylvania Income Taxes ( 19.17% ) – $9,202
Annual Take-Home Pay in Pennsylvania ( 80.83% ) – $38,798
Rhode Island ( $38,978 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 2.70% ) – $1,294
FICA ( 7.65% ) – $3,672
Total Rhode Island Income Taxes ( 18.80% ) – $9,022
Annual Take-Home Pay in Rhode Island ( 81.20% ) – $38,978
South Carolina ( $38,335 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.03% ) – $1,937
FICA ( 7.65% ) – $3,672
Total South Carolina Income Taxes ( 20.13% ) – $9,665
Annual Take-Home Pay in South Carolina ( 79.87% ) – $38,335
South Dakota ( $40,272 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $3,672
Total South Dakota Income Taxes ( 16.10% ) – $7,728
Annual Take-Home Pay in South Dakota ( 83.90% ) – $40,272
Tennessee ( $40,272 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $3,672
Total Tennessee Income Taxes ( 16.10% ) – $7,728
Annual Take-Home Pay in Tennessee ( 83.90% ) – $40,272
Texas ( $40,272 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $3,672
Total Texas Income Taxes ( 16.10% ) – $7,728
Annual Take-Home Pay in Texas ( 83.90% ) – $40,272
Utah ( $37,896 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.95% ) – $2,376
FICA ( 7.65% ) – $3,672
Total Utah Income Taxes ( 21.05% ) – $10,104
Annual Take-Home Pay in Utah ( 78.95% ) – $37,896
Vermont ( $39,019 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 2.61% ) – $1,253
FICA ( 7.65% ) – $3,672
Total Vermont Income Taxes ( 18.71% ) – $8,981
Annual Take-Home Pay in Vermont ( 81.29% ) – $39,019
Virginia ( $38,082 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.56% ) – $2,190
FICA ( 7.65% ) – $3,672
Total Virginia Income Taxes ( 20.66% ) – $9,918
Annual Take-Home Pay in Virginia ( 79.34% ) – $38,082
Washington ( $40,272 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $3,672
Total Washington Income Taxes ( 16.10% ) – $7,728
Annual Take-Home Pay in Washington ( 83.90% ) – $40,272
West Virginia ( $38,337 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 4.03% ) – $1,935
FICA ( 7.65% ) – $3,672
Total West Virginia Income Taxes ( 20.13% ) – $9,663
Annual Take-Home Pay in West Virginia ( 79.87% ) – $38,337
Wisconsin ( $38,395 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 3.91% ) – $1,877
FICA ( 7.65% ) – $3,672
Total Wisconsin Income Taxes ( 20.01% ) – $9,605
Annual Take-Home Pay in Wisconsin ( 79.99% ) – $38,395
Wyoming ( $40,272 )
Federal Income Tax ( 8.45% ) – $4,056
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $3,672
Total Wyoming Income Taxes ( 16.10% ) – $7,728
Annual Take-Home Pay in Wyoming ( 83.90% ) – $40,272
Summary
Here is a quick recap on how you can figure out how much $48,000 a year is hourly, monthly, biweekly, weekly, and daily.
When finding out how much $48,000 a year is per hour, you take $48,000 and divide it by 40 hours and 52 weeks.
When calculating the monthly income for 48,000 dollars a year, you take 48,000 dollars and divide it by 40 hours and 4 weeks.
To find out how much $48,000 a year is biweekly, take $48,000 and divide it by 40 hours and 2 weeks.
For weekly, you take $48,000 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 $48,000 a year is daily, you take $48,000 and divide it by 8 hours. Eight hours is used in this calculation because that amount of time represents the standard workday.
If you enjoyed reading about how much $48,000 a year is, check out our other annual salary articles below!
