How much is $18 per hour per year: is that enough? (2023)

$18 per hour How much is a year?

Have you been offered a job for €18 per hour?

It can often be difficult to figure out how much you actually get per paycheck if you are only told how much it is per hour.

This article looks at how much $18 is per year and determines if $18 per hour is a good salary.

We'll see if it's possible to live on $18 an hour and still live to the fullest!

Let's see:

How much is $18 per hour per year: is that enough? (1)

Can I live on $18 an hour?

It is very important to make sure you can live on $18 an hour before applying or accepting a job at that wage.

The last thing you want is to accept a job with a certain salary and then realize that's not enoughpay your bills.

You need to figure out how much money you will get in your bank account by looking at the number of hours you will be working and multiplying that by the $18 you make per hour.

How much is $18 per hour per year: is that enough? (2)

Is it possible to live comfortably on $18 an hour?

Whether or not it's possible to live comfortably on $18 an hour depends on your bills andarea in which you live.

It also depends on what "comfortable living" means. For some of us, this could mean living quite lavish lifestyles, while for others, it could mean paying our bills easily and having money for the occasional treat.

A study conducted bySmart acquisitionshowed that the median salary needed in the largest states was $57,013 after tax. The area where it's easiest to get comfort is St. Louis, with an average salary of $46,864 after taxes.

Later in this article, we'll take a look at how much $18 per hour costs per year and whether or not that's a far cry from St. Louis' wage needs.

This means that € 18 per hour does not seem enough to live comfortably at first sight. But it's important to remember that everyone is different and has a different lifestyle.

like younot have any debtsyour salary does not have to be higher and vice versa.

That is why it is important to consider how much you personally need to live comfortably and base your required salary on that.

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Is 18 an hour a good wage?

How much is $18 per hour per year: is that enough? (3)

According to Indeed.comthe median hourly wage in the US is $29.81. That means $18 an hour is much less than that.

However, € 18 per hour can be a decent amount to earn as a beginner when you start working.

But it's important to remember that your starting salary doesn't mean you have to stay on that salary forever, and you should try to increase it.

That said, if we go back to the median hourly wage, $18 looks pretty bad! So we can't say it's a good salary, but it's a good starting point.

Do you want to earn more money? Here ishow to make 100 dollars a day!

How much is $18 per hour per day?

If you're wondering how much $18 per hour per day would be, calculate how many hours you'll be working and then multiply that by $18. Remember, this is the pre-tax amount.

How much is $18 per hour per year: is that enough? (4)

How much is $18 per hour per week?

Eighteen dollars an hour, how much is a week? To find out how much $18 per hour per week is, all you need to do is calculate how many hours per week you will be working and multiply that by $18.

How much is $18 per hour per year: is that enough? (5)

How much is $18 per hour per month?

Knowing how much you get paid each month is important because you need to know how much money you will live on and what you can use for your bills.

To find out how much you earn per month. You take the hours you worked that month and multiply it by $18. Or if you know your annual salary, you can divide it by 12.

How much is $18 per hour per year?

How much is $18 per hour per year? We calculated that to be $37,440 per year before taxes.

There are many salary calculators, but we calculated this amount by basing it on a 40-hour work week. If you work different hours there, you will receive a different annual salary.

To arrive at the annual rate, you can work 40 hours per week multiplied by 52 weeks per year and then multiply by $18 per hour.

This is based on a full-time working week. If you work more or less than 40 hours per week, all you have to do is calculate how many hours per week and multiply €18 by those hours.

How much is $18 per hour per year part-time?

Part-time hours vary, but are often around 25 hours per week. To find out how much you get paid part-time per year, all you need to do is do the same equation as above, but adjust it for the number of hours you will be working.

For example, if you start working 25 hours a week, that works out to $23,400 a year.

$18 per hour How much is an hour after taxes?

How much is $18 per hour per year: is that enough? (6)

While it's important to figure out how much you'll be making annually, knowing how much it will be once you've paid your taxes will help you see what amount will actually end up in your bank account.

After all, it doesn't matter what your salary is. you need to know the amount you will be paid.

The amount you pay in taxes depends on the state in which you live. Overall, you probably pay 15.1% of your income in taxes (including Social Security and Medicare).

That means earning $37,440 a year, after taxes would come in at about $31,769.

Comparison table of $18 per hour (before and after tax)

$18 per hourIncome before taxesIncome after taxes
Yearly (52 weeks)$ 37.440$ 31.769
Monthly (160 hours)$ 2.8802.446 $
Every two weeks (80 hours)$ 1.440$ 1.223
Weekly (40 hours)$ 720$ 612
Daily (8 hours)$ 144$ 122
Per hour (1 hour)$ 18$ 15

Sample budget at $18 per hour

It's fine to say you can get by on $18 an hour, but it always helps to look at examples.

Let's look at an example budget for someone with $18 per hour:

-Mortgage/Rent – ​​$1000

-Aid organizations – $200

-Transport – $300

- Groceries - $450

- Amusement - $200

-Savings – $100

-Debt $196

Itbudgetbased on someone making $2,446 a month (after taxes).

It's important to note that everyone has different expenses and lifestyles and this is just a budget to get an idea of ​​how it would work.

Tips for living on $18 an hour

If you have to live on a low wage (that's $18 an hour), plan your expenses carefully to ensure you have a decent quality of life.

We recommend that you look at your expenses and see if you can reduce them.

Here are some ways you can do this:

  • Mortgage loans– Home burglary is a popular method of saving money in the US, where you can live in one part of the house and then rent out the rest.
  • Utilities– Sure, but using less energy will result in lower bills. Here you can see which appliances use the most energy and limit it, for example by using the microwave instead of the oven and the smaller shower.
  • Transport– Is there a possibility of public transport? Could you carpool?
  • Groceries– This is where planning and organization can save you a lot of money. Name all the different onestypes of mealsyou eat, including snacks. Then make a shopping list based on that and stick to it.

How can I increase my hourly wage?

How much is $18 per hour per year: is that enough? (7)

Find alternative ways to make money

The beauty of our time is that there are so many easy waysearn moneyfrom home! All you need is a Wi-Fi connection and traffic to succeed.

Here are some of our favorite ways to make money:

  • Start a blog
  • Write for free
  • diligence
  • Childcare
  • Online teaching
  • Pinterest VA
  • Download online surveys
  • Take pictures with your phone
  • Get paid to train

Earn passive income

Something we don't think society talks about enough is passive income. Or, speaking of it, it usually means having your laptop on the beach sipping a cocktail.

In reality, passive income is something you put a lot of work into up front. Ultimately, you set it up in such a way that you always get paid, without having to actively work for it.

For example, you can put a lot of work into a company and outsource it, sitting back and still getting the revenue.

Here are some great passive income ideas:

  • Investing and paying dividends
  • Create an online course
  • Sell ​​eBooks
  • Parking space rental
  • Start a YouTube channel
  • Invest in real estate
  • Open an Airbnb

Passive income is great to aim for because you are not trading your time for your money. For example, if you are paid $10 an hour and want to reach $100, you know you have to work 10 hours.

For example, with passive income, if you create a product that you sell for $10, you need to sell 10 to reach $100, but you don't have to spend 10 hours on it like in the previous example.

Ask for a raise

One of the easiest ways to get more money in your pocket is to ask for a raise. If you can get paid more for the same thing you already do, why not?

When we think about earning extra money, we often think about earning one ourselveslateral pressureor an extra job, but it's a good idea to start with what you're already doing.

Find a new job

Alternatively, if you can't get a raise in your current position, you may need to consider looking for another higher-paying job.

We know this is one of those things that sounds easier said than done, but don't let the fear of starting something new stop you.

Jobs making $18 an hour

How much is $18 per hour per year: is that enough? (8)

Many jobs offer $18 an hour if your current position doesn't offer a raise. Maybe it's time for a career change.

Let's look at some jobs where you can earn $18 per hour:

  • Animal Control Officer
  • Technology. camera repair
  • Motor controller
  • Health Support Officer
  • Inspector quality control
  • engine fitter
  • Optician
  • Collection representative
  • Delivery works
  • Amazon warehouse worker

Related article:How much is $45 per hour per year?

Final Thoughts: $18 an hour, how much is a year?

If you're considering taking a job that offers $18 an hour, we hope this article helped you see how much money you're getting and how to use that money.

You can see if you can afford to live off that amount with your lifestyle, or if you need to earn more money, by getting a better paying job or taking a side job.

How much do you earn per hour at your job? And does it work for you? Let us know!

If you liked this article, save it for later by pinning the image below on Pinterest. Follow us tooPinterestfor more ways to earn and save money.

How much is $18 per hour per year: is that enough? (9)

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