# 35 an Hour Is How Much a Year? Monthly budgeting tips for those who make \$35/hour or Less

## 35 an Hour Is How Much an Hour?

If you work full-time (40 hours per week) for an hourly rate of 35 American dollars, that’s \$70,000 per year. After federal taxes, it’s more like \$52,000 a year. That’s still not a bad salary, but it’s important to be mindful of your spending.

On the other hand, if you work part-time, namely 20 hours a week, you would make \$14 an hour. That’s only \$28,000 a year before taxes. After taxes, you’re looking at about \$20,000 a year.

### What if You’re Paid Bi-Weekly?

Assuming you are paid bi-weekly, that’s \$2000 a month after taxes. That’s not a lot, but it is doable if you are careful with your spending.

## What Jobs Pay \$35 an Hour?

Many jobs that are in the medical field pay \$35 an hour or more. These positions include registered nurses, physical therapists, and radiologists. Some jobs that are in the business world also pay an average of \$35. These are accountants, human resources managers, and marketing directors. There are also many jobs in the government that pay \$35 an hour or more, such as police officers, firefighters, and teachers.

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## 35 an Hour is How Much a Year Taking Into Account Vacation Leaves?

There are 52 weeks in a year. Assuming a worker takes two weeks of vacation leaves every year, they would still have worked 50 weeks.

• 50 weeks x 35 hours = 1750 hours
• 1750 hours x \$35/hour = \$61,250/year
• \$61,250 is how much a person making \$35 an hour would make yearly before taxes. After taxes, a person making \$35 an hour would take home \$52,000/year.

## How Does \$35 an Hour Compare to the National Average Salary?

The median annual salary in the United States is \$51,960 (\$16.36 per hour), which means that half of workers make more than this and half make less. This means that a worker making \$35 an hour is making more than the median salary in the United States. Things look even better if you compare \$35 per hour to the minimum hourly wage, which amounts to as little as \$7.25.

## How to Make the Most Out of Your \$35 Wage?

Living \$35 an hour can be difficult, but there are some tips that can help.

• First, remember that your income is taxed, so you will not take home the full 35 dollars an hour. In addition, other deductions may be taken out of your paycheck, such as for health insurance or retirement savings. After all of these deductions, you may only take home \$25-\$30 per hour.
• Second, track your spending carefully. Make a budget and stick to it. Know where your money is going each month, and make sure you are not overspending in any one area.
• Third, be mindful of your debt. If you have high-interest debt, such as credit card debt, try to pay it off as quickly as possible. If you can, make extra payments each month to reduce the amount of interest you are paying.
• Fourth, save for your future. Even if you can only save a little each month, it is important to start saving for retirement now. If your employer offers a retirement savings plan, such as a 401(k), make sure you are contributing enough to receive the employer match.
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## Managing the Home Budget

As we’ve established, the average person earning \$35 an hour makes about \$70,000 a year. That’s before taxes. After federal taxes, the average worker making \$35 an hour takes home about \$52,000 annually. So, after taxes, the monthly income for someone earning \$35 an hour is around \$4000 a month. Here are some sample monthly budgets for a single person earning \$35 an hour:

• Rent: \$500-700
• Groceries: \$200-400
• Eating Out: \$50-100
• Gasoline: \$50-100
• Entertainment: \$50-150
• Clothes: \$50-100
• Personal Care: \$20-50
• Savings: \$100-200

Total: \$1200-2500 per month.

As you can see, even on a relatively high salary, it is possible to live quite modestly. Of course, your particular circumstances may be different, but these numbers can give you a general idea of what is possible.

## Is \$35 per Hour a Liveable Wage?

In many states, 35 dollars an hour is not a livable wage. In states like California, New York or New Jersey, a single person would have to work 107 hours a week to afford a two bedroom apartment. A family of four would have to work 122 hours a week. So, always take into account your circumstances, when calculating if \$35 is enough for you.