$88,000 a Year is How Much an Hour? (Before and After Taxes)

Woman sitting in a kayak making $88,000 a year.

So you found out you will soon make $88,000 a year from your new promotion or job. But $88,000 a year is how much an hour?

Below you will find how much $88,000 is hourly, daily, weekly, biweekly, monthly, and even after taxes. There’s also an example budget you can use when making $88,000 a year.

To figure out how much $88,000 a year is as an hourly wage, divide $88,000 by 40 hours and 52 weeks. So if you were to work full-time, 40 hours a week, making $88,000 a year, you would earn $42.31 an hour.

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$88,000 a Year is How Much an Hour?

If you make $88,000 a year, your hourly wage would be $42.31. This is calculated by dividing the $88,000 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 $88,000 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 ($42.31) changing slightly.

Find Out: $87,000 a Year

$88,000 a Year is How Much an Hour After Taxes?

If you make $88,000 a year, you would take home $31.73 an hour after taxes. Your pre-tax hourly wage was $42.31. But after paying 25% in taxes, your after-tax hourly wage would be $31.73 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 $88,000 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.

88,000 Dollars a Year is How Much After Taxes?

Anyone making $88,000 a year will have an after-tax income of $66,000. This number is calculated by assuming you will pay around 25% of your income towards taxes.

When you’re earning 88,000 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 $66,000, 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 an 88,000 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.

$88,000 a Year is How Much a Month?

If you make $88,000 a year, you will make $6,769.23 a month before taxes, assuming you are working full-time. Each month after taxes, you will make approximately $5,076.92.

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 $6,769.23.

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 $42.31 an hour.

Learn More: $86,000 a Year

$88,000 a Year is How Much Biweekly?

$88,000 a year is $3,384.62 biweekly before taxes and approximately $2,538.46 after taxes. Paying a tax rate of 25% and working full-time at 40 hours a week, you would earn $2,538.46 after taxes.

To calculate how much you make biweekly before taxes, you would multiply the hourly wage for $88,000 a year, $42.31 by 80 hours to get $3,384.62.

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 $3,384.62 each paycheck before taxes and $2,538.46 after taxes.

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$88,000 a Year is How Much a Week?

If you make $88,000 a year, you will get paid $1,692.31 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 $42.31 an hour, you get $1,692.31, your weekly income.

See: $85,000 a Year

88,000 Dollars a Year is How Much a Day?

$88,000 a year is $338.46 per day before taxes. The standard workday is 8 hours. So by multiplying 8 hours by $42.31 an hour, you would earn $338.46 every day. After taxes, you would earn $253.85 a day.

Comparison Table of $88,000 a Year (Before & After Taxes)

Here is a comparison table of the pretax and after-tax income of $88,000 a year:

$88,000 a YearPretax IncomeAfter-Tax Income
Yearly (52 Weeks)$88,000$66,000
Monthly (160 Hours)$6,769.23$5,076.92
Biweekly (80 Hours)$3,384.62$2,538.46
Weekly (40 Hours)$1,692.31$1,269.23
Daily (8 Hours)$338.46$253.85
Hourly (1 Hour)$42.31$31.73

Tools You Need to Live on $88,000 a Year

So you’re earning $88,000 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 $88,000. 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 $88,000 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 $88,000 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 $88,000 a year or $42.31 an hour is approximately $5,076.92 a month.

You then will need to split that $5,076.92 after-tax income into different categories. These categories represent your expenses, savings, and investments. If you make $88,000 a year, this is an example of what your monthly budget can look like:

CategoryBudget AmountPercentage
Housing$1,523.0830%
Saving and Investing$761.5415%
Insurance$761.5415%
Food$507.6910%
Transportation$507.6910%
Entertainment and Recreation$507.6910%
Personal Expenses$253.855%
Utilities$253.855%
Total$5,076.92100%

Is $88,000 a Year a Good Salary?

An $88,000 salary is significantly higher than the average salary in the United States. In America, the average annual salary is $53,490.

So if you make $88,000 a year, you are making $34,510 more than the average U.S. salary.

Look: $84,000 a Year

$88,000 a Year Salary After Taxes in 2022 (By State)

Here is your estimated $88,000 a year salary after taxes in 2022 for each state. Your after-tax income will change based on state taxes.

Alabama ( $65,358 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.05% ) – $3,564

FICA ( 7.65% ) – $6,732

Total Alabama Income Taxes ( 25.73% ) – $22,642

Annual Take-Home Pay in Alabama ( 74.27% ) – $65,358

Alaska ( $68,922 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $6,732

Total Alaska Income Taxes ( 21.68% ) – $19,078

Annual Take-Home Pay in Alaska ( 78.32% ) – $68,922

Arizona ( $66,433 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 2.83% ) – $2,489

FICA ( 7.65% ) – $6,732

Total Arizona Income Taxes ( 24.51% ) – $21,567

Annual Take-Home Pay in Arizona ( 75.49% ) – $66,433

Arkansas ( $64,814 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.67% ) – $4,108

FICA ( 7.65% ) – $6,732

Total Arkansas Income Taxes ( 26.35% ) – $23,186

Annual Take-Home Pay in Arkansas ( 73.65% ) – $64,814

California ( $64,182 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.39% ) – $4,740

FICA ( 7.65% ) – $6,732

Total California Income Taxes ( 27.07% ) – $23,818

Annual Take-Home Pay in California ( 72.93% ) – $64,182

Colorado ( $65,489 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 3.90% ) – $3,433

FICA ( 7.65% ) – $6,732

Total Colorado Income Taxes ( 25.58% ) – $22,511

Annual Take-Home Pay in Colorado ( 74.42% ) – $65,489

Connecticut ( $64,530 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.99% ) – $4,391

FICA ( 7.65% ) – $6,732

Total Connecticut Income Taxes ( 26.67% ) – $23,470

Annual Take-Home Pay in Connecticut ( 73.33% ) – $64,530

Delaware ( $64,345 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.20% ) – $4,577

FICA ( 7.65% ) – $6,732

Total Delaware Income Taxes ( 26.88% ) – $23,655

Annual Take-Home Pay in Delaware ( 73.12% ) – $64,345

Florida ( $68,922 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $6,732

Total Florida Income Taxes ( 21.68% ) – $19,078

Annual Take-Home Pay in Florida ( 78.32% ) – $68,922

Georgia ( $64,454 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.08% ) – $4,468

FICA ( 7.65% ) – $6,732

Total Georgia Income Taxes ( 26.76% ) – $23,546

Annual Take-Home Pay in Georgia ( 73.24% ) – $64,454

Hawaii ( $62,684 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 7.09% ) – $6,238

FICA ( 7.65% ) – $6,732

Total Hawaii Income Taxes ( 28.77% ) – $25,316

Annual Take-Home Pay in Hawaii ( 71.23% ) – $62,684

Idaho ( $64,263 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.29% ) – $4,658

FICA ( 7.65% ) – $6,732

Total Idaho Income Taxes ( 26.97% ) – $23,737

Annual Take-Home Pay in Idaho ( 73.03% ) – $64,263

Illinois ( $64,683 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.82% ) – $4,238

FICA ( 7.65% ) – $6,732

Total Illinois Income Taxes ( 26.50% ) – $23,317

Annual Take-Home Pay in Illinois ( 73.50% ) – $64,683

Indiana ( $66,112 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 3.19% ) – $2,810

FICA ( 7.65% ) – $6,732

Total Indiana Income Taxes ( 24.87% ) – $21,889

Annual Take-Home Pay in Indiana ( 75.13% ) – $66,112

Iowa ( $65,058 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.39% ) – $3,863

FICA ( 7.65% ) – $6,732

Total Iowa Income Taxes ( 26.07% ) – $22,942

Annual Take-Home Pay in Iowa ( 73.93% ) – $65,058

Kansas ( $64,662 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.84% ) – $4,259

FICA ( 7.65% ) – $6,732

Total Kansas Income Taxes ( 26.52% ) – $23,338

Annual Take-Home Pay in Kansas ( 73.48% ) – $64,662

More About Salaries: $83,000 a Year

Kentucky ( $64,656 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.85% ) – $4,266

FICA ( 7.65% ) – $6,732

Total Kentucky Income Taxes ( 26.53% ) – $23,344

Annual Take-Home Pay in Kentucky ( 73.47% ) – $64,656

Louisiana ( $65,965 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 3.36% ) – $2,957

FICA ( 7.65% ) – $6,732

Total Louisiana Income Taxes ( 25.04% ) – $22,035

Annual Take-Home Pay in Louisiana ( 74.96% ) – $65,965

Maine ( $64,258 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.30% ) – $4,664

FICA ( 7.65% ) – $6,732

Total Maine Income Taxes ( 26.98% ) – $23,742

Annual Take-Home Pay in Maine ( 73.02% ) – $64,258

Maryland ( $65,190 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.24% ) – $3,731

FICA ( 7.65% ) – $6,732

Total Maryland Income Taxes ( 25.92% ) – $22,810

Annual Take-Home Pay in Maryland ( 74.08% ) – $65,190

Massachusetts ( $64,742 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.75% ) – $4,180

FICA ( 7.65% ) – $6,732

Total Massachusetts Income Taxes ( 26.43% ) – $23,258

Annual Take-Home Pay in Massachusetts ( 73.57% ) – $64,742

Michigan ( $65,390 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.01% ) – $3,532

FICA ( 7.65% ) – $6,732

Total Michigan Income Taxes ( 25.69% ) – $22,610

Annual Take-Home Pay in Michigan ( 74.31% ) – $65,390

Minnesota ( $64,196 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.37% ) – $4,725

FICA ( 7.65% ) – $6,732

Total Minnesota Income Taxes ( 27.05% ) – $23,804

Annual Take-Home Pay in Minnesota ( 72.95% ) – $64,196

Mississippi ( $65,177 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.26% ) – $3,745

FICA ( 7.65% ) – $6,732

Total Mississippi Income Taxes ( 25.94% ) – $22,823

Annual Take-Home Pay in Mississippi ( 74.06% ) – $65,177

Missouri ( $65,305 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.11% ) – $3,617

FICA ( 7.65% ) – $6,732

Total Missouri Income Taxes ( 25.79% ) – $22,695

Annual Take-Home Pay in Missouri ( 74.21% ) – $65,305

Montana ( $64,249 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.31% ) – $4,673

FICA ( 7.65% ) – $6,732

Total Montana Income Taxes ( 26.99% ) – $23,751

Annual Take-Home Pay in Montana ( 73.01% ) – $64,249

Nebraska ( $64,313 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.24% ) – $4,608

FICA ( 7.65% ) – $6,732

Total Nebraska Income Taxes ( 26.92% ) – $23,687

Annual Take-Home Pay in Nebraska ( 73.08% ) – $64,313

Nevada ( $68,922 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $6,732

Total Nevada Income Taxes ( 21.68% ) – $19,078

Annual Take-Home Pay in Nevada ( 78.32% ) – $68,922

New Hampshire ( $68,922 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $6,732

Total New Hampshire Income Taxes ( 21.68% ) – $19,078

Annual Take-Home Pay in New Hampshire ( 78.32% ) – $68,922

New Jersey ( $65,506 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 3.88% ) – $3,416

FICA ( 7.65% ) – $6,732

Total New Jersey Income Taxes ( 25.56% ) – $22,494

Annual Take-Home Pay in New Jersey ( 74.44% ) – $65,506

New Mexico ( $65,504 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 3.88% ) – $3,418

FICA ( 7.65% ) – $6,732

Total New Mexico Income Taxes ( 25.56% ) – $22,496

Annual Take-Home Pay in New Mexico ( 74.44% ) – $65,504

New York ( $64,455 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.08% ) – $4,466

FICA ( 7.65% ) – $6,732

Total New York Income Taxes ( 26.76% ) – $23,545

Annual Take-Home Pay in New York ( 73.24% ) – $64,455

Check Out This Annual Salary: $82,000 a Year

North Carolina ( $64,866 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.61% ) – $4,056

FICA ( 7.65% ) – $6,732

Total North Carolina Income Taxes ( 26.29% ) – $23,134

Annual Take-Home Pay in North Carolina ( 73.71% ) – $64,866

North Dakota ( $67,763 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 1.32% ) – $1,158

FICA ( 7.65% ) – $6,732

Total North Dakota Income Taxes ( 23.00% ) – $20,237

Annual Take-Home Pay in North Dakota ( 77.00% ) – $67,763

Ohio ( $67,038 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 2.14% ) – $1,884

FICA ( 7.65% ) – $6,732

Total Ohio Income Taxes ( 23.82% ) – $20,962

Annual Take-Home Pay in Ohio ( 76.18% ) – $67,038

Oklahoma ( $65,078 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.37% ) – $3,844

FICA ( 7.65% ) – $6,732

Total Oklahoma Income Taxes ( 26.05% ) – $22,922

Annual Take-Home Pay in Oklahoma ( 73.95% ) – $65,078

Oregon ( $61,565 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 8.36% ) – $7,357

FICA ( 7.65% ) – $6,732

Total Oregon Income Taxes ( 30.04% ) – $26,435

Annual Take-Home Pay in Oregon ( 69.96% ) – $61,565

Pennsylvania ( $66,220 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 3.07% ) – $2,702

FICA ( 7.65% ) – $6,732

Total Pennsylvania Income Taxes ( 24.75% ) – $21,780

Annual Take-Home Pay in Pennsylvania ( 75.25% ) – $66,220

Rhode Island ( $66,065 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 3.25% ) – $2,857

FICA ( 7.65% ) – $6,732

Total Rhode Island Income Taxes ( 24.93% ) – $21,935

Annual Take-Home Pay in Rhode Island ( 75.07% ) – $66,065

South Carolina ( $64,185 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.38% ) – $4,737

FICA ( 7.65% ) – $6,732

Total South Carolina Income Taxes ( 27.06% ) – $23,815

Annual Take-Home Pay in South Carolina ( 72.94% ) – $64,185

South Dakota ( $68,922 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $6,732

Total South Dakota Income Taxes ( 21.68% ) – $19,078

Annual Take-Home Pay in South Dakota ( 78.32% ) – $68,922

Tennessee ( $68,922 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $6,732

Total Tennessee Income Taxes ( 21.68% ) – $19,078

Annual Take-Home Pay in Tennessee ( 78.32% ) – $68,922

Texas ( $68,922 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $6,732

Total Texas Income Taxes ( 21.68% ) – $19,078

Annual Take-Home Pay in Texas ( 78.32% ) – $68,922

Utah ( $64,566 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.95% ) – $4,356

FICA ( 7.65% ) – $6,732

Total Utah Income Taxes ( 26.63% ) – $23,434

Annual Take-Home Pay in Utah ( 73.37% ) – $64,566

Vermont ( $65,144 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.29% ) – $3,778

FICA ( 7.65% ) – $6,732

Total Vermont Income Taxes ( 25.97% ) – $22,856

Annual Take-Home Pay in Vermont ( 74.03% ) – $65,144

Virginia ( $64,431 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.10% ) – $4,490

FICA ( 7.65% ) – $6,732

Total Virginia Income Taxes ( 26.78% ) – $23,569

Annual Take-Home Pay in Virginia ( 73.22% ) – $64,431

Washington ( $68,922 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $6,732

Total Washington Income Taxes ( 21.68% ) – $19,078

Annual Take-Home Pay in Washington ( 78.32% ) – $68,922

West Virginia ( $64,457 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 5.07% ) – $4,465

FICA ( 7.65% ) – $6,732

Total West Virginia Income Taxes ( 26.75% ) – $23,543

Annual Take-Home Pay in West Virginia ( 73.25% ) – $64,457

Wisconsin ( $64,671 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 4.83% ) – $4,250

FICA ( 7.65% ) – $6,732

Total Wisconsin Income Taxes ( 26.51% ) – $23,329

Annual Take-Home Pay in Wisconsin ( 73.49% ) – $64,671

Wyoming ( $68,922 )

Federal Income Tax ( 14.03% ) – $12,346

State Income Tax ( 0.00% ) – $0

FICA ( 7.65% ) – $6,732

Total Wyoming Income Taxes ( 21.68% ) – $19,078

Annual Take-Home Pay in Wyoming ( 78.32% ) – $68,922

Summary

Here is a quick recap on how you can figure out how much $88,000 a year is hourly, monthly, biweekly, weekly, and daily.

When finding out how much $88,000 a year is per hour, you take $88,000 and divide it by 40 hours and 52 weeks.

When calculating the monthly income for 88,000 dollars a year, you take 88,000 dollars and divide it by 40 hours and 4 weeks.

To find out how much $88,000 a year is biweekly, take $88,000 and divide it by 40 hours and 2 weeks.

For weekly, you take $88,000 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 $88,000 a year is daily, you take $88,000 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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