$15 an Hour Is How Much a Year?

๐Ÿ’ฐ Finance

$15 an hour is $31,200 a year at 40 hours a week for all 52 weeks โ€” 2,080 paid hours. Below is the same rate per week, per paycheck and per month, plus what it comes to on part-time hours.

$31,200 per year$15 ร— 2,080 hours a year
$31,200per year
$2,600per month
$1,300twice a month
$1,200every two weeks
$600per week
$120per 8-hour day
$15per hour

$15 an hour at different weekly hours

Hours a weekPer weekPer year
20 hours$300$15,600
25 hours$375$19,500
30 hours$450$23,400
35 hours$525$27,300
37.5 hours$562.50$29,250
40 hours (full time)$600$31,200
45 hours$675$35,100
50 hours$750$39,000

$15 an hour after taxes (2026 US estimate)

On $31,200 of wages, a single filer taking the standard deduction keeps about $27,249 a year after federal income tax, Social Security and Medicare: roughly $2,271 a month or $1,048 every two weeks. A married couple filing jointly, with this as their only income, keeps about $28,813.

SingleMarried filing jointly
Federal income tax$1,564$0
Social Security (6.2%)$1,934$1,934
Medicare (1.45%)$452$452
Take-home per year$27,249$28,813
Per month$2,271$2,401
Every two weeks$1,048$1,108
Share of pay to these taxes12.7%7.7%

Most states add their own income tax on top; 9 states (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming) don’t tax wages. Pre-tax 401(k) or health contributions lower the income tax, and credits such as the child tax credit are not included. Add your state rate and deductions in the take-home pay calculator.

Work it out for any rate or schedule

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How $15 an hour becomes a yearly salary

Multiply the rate by the hours you are paid for in a year: 15 ร— 2,080 = 31,200. The 2,080-hour figure is the common US convention โ€” 40 hours a week for 52 weeks โ€” which is what a US job ad means when it quotes a salary equivalent. Full-time is 38 hours a week in Australia and often 37.5 in the UK, so set your own hours above if yours differ.

Two things move the real number. Unpaid leave cuts the hours you are paid for: at 50 paid weeks instead of 52, $15 an hour comes to $30,000 rather than $31,200. Overtime pushes the other way where it is paid at 1.5ร— โ€” $22.50 an hour โ€” so a steady five hours of overtime a week would add roughly $5,850 over a year.

Apart from the after-tax estimate above, every figure here is gross pay โ€” what an employer quotes, before income tax, social security or national insurance, pension contributions and health premiums. Outside the US, use the gross figures and your own country’s tax rules.

Frequently asked questions

$15 an hour is how much a year after tax?

$31,200 is the gross figure. In the US a single filer keeps about $27,249 of it after federal income tax, Social Security and Medicare (2026 estimate), before any state tax or pension and health deductions.

$15 an hour is how much a month?

About $2,600 a month before tax, from $31,200 a year. On a biweekly cycle you would receive $1,200 per paycheck instead.

How much is $15 an hour per week?

$600 for a 40-hour week. A 35-hour week comes to $525 and a 45-hour week $675, before any overtime premium.

Does this include overtime?

No โ€” this is straight time at $15 an hour. Where overtime is paid at 1.5ร— it comes to $22.50 an hour, so extra hours add more than the table suggests, though overtime rules vary by country and contract. The time and a half calculator works out a week’s overtime pay.