If you are looking to make a good income, then a job that pays $108 per hour is an excellent option. On an annual basis, this would equate to approximately $224,640 before taxes. This works out to roughly $18,720 per month or $8,640 bi-weekly.
Weekly pay for this job would be around $4320 and daily pay would be about $864. Of course, these figures will vary depending on the number of hours worked each week and any deductions taken from your paycheck such as taxes or insurance premiums.
Table of Contents
Highest Paying Cities That Pay $108 an Hour
1. San Francisco, California: San Francisco is home to some of the most innovative and successful companies in the world, including Google, Apple, and Facebook. This means that tech jobs tend to pay higher wages than other cities due to the high demand for skilled workers.
2. Seattle, Washington: Seattle is another city with a booming technology industry which drives up salaries for many positions in this sector. Additionally, Amazon’s headquarters are located here so there are plenty of opportunities for those looking to make $108 an hour or more.
3. New York City, New York: NYC has long been known as one of the best places in America to find high-paying jobs and it continues to be true today with many positions paying over $108 an hour on average across industries such as finance and consulting.
4. Boston, Massachusetts: Boston is home to several top universities like Harvard and MIT which attract highly educated professionals from all over the world who often command higher salaries than their counterparts elsewhere in the US due to their specialized skillsets and experience levels.
5. Los Angeles, California: LA is a major hub for entertainment production which can lead to lucrative contracts for actors/actresses as well as writers/directors/producers who may earn upwards of $108 per hour depending on their level of expertise within these fields.
6. Chicago, Illinois: The Windy City offers numerous job opportunities across multiple industries, ranging from finance & banking, healthcare & medical services, IT & software development, manufacturing & engineering, etc. All these sectors offer competitive wages that could easily exceed $ 108 / hr if you have relevant qualifications or experience.
7. Houston, Texas: With its thriving energy industry ( oil & gas ) plus a strong presence in aerospace engineering – Houston offers great potential when it comes to finding work at above-market rate salaries. In addition – there are also numerous corporate offices based here offering attractive packages too!
8. Dallas – Fort Worth Metroplex: DFW Metroplex boasts a diverse economy with many large corporations having offices here such as AT&T, ExxonMobil, etc. It’s no surprise then that people working within these organizations can expect good remuneration packages including hourly rates exceeding $ 108 / hr!
9. Austin – Round Rock Area: Home of the University Of Texas – Austin has become quite popular amongst tech startups recently leading the way towards increased job opportunities, especially in related software development fields where hourly rates could go beyond what we’ve discussed earlier!
10. San Jose – Silicon Valley Area: Last but not least – Silicon Valley needs no introduction when it comes to discussing the highest-paying cities around the USA! Many big names like Google, Apple, etc have their HQs based out here making sure they keep attracting talent by providing them handsome salary packages (including hourly rates).
What Jobs Pay $108 an Hour?
1. Physician: Physicians are medical doctors who diagnose and treat illnesses, injuries, and other health conditions. They must have a Doctor of Medicine (MD) or Doctor of Osteopathic Medicine (DO) degree from an accredited medical school as well as a state license to practice medicine.
2. Anesthesiologist: Anesthesiologists are responsible for administering anesthesia during surgical procedures and monitoring patients’ vital signs throughout the procedure. To become an anesthesiologist, one must complete four years of medical school followed by four years of residency in anesthesiology. A state license is also required to practice medicine in the United States.
3. Air Traffic Controller: Air traffic controllers coordinate aircraft movements on runways and in the airspace to ensure safety during takeoffs and landings at airports around the world. To become an air traffic controller, one must complete specialized training through the Federal Aviation Administration (FAA).
4. Software Engineer: Software engineers design, develop, test, deploy, maintain, and improve software applications that meet user needs or solve business problems using programming languages such as Java or C++. A bachelor’s degree in computer science is typically required for this position along with experience working with software development tools such as Git or GitHub.
5. Financial Manager: Financial managers oversee financial operations within organizations including budgeting, forecasting, investments, risk management, compliance, payroll processing, accounts payable/receivable functions, etc. They need to possess strong analytical skills combined with knowledge of accounting principles & financial regulations. In addition, they should have a Bachelor’s Degree in Accounting / Finance / Business Administration & relevant certifications like CPA /CFA/MBA, etc.
Take Home Pay After Taxes for $108 an Hour
Assuming you make $108 an hour and are single, your take-home after taxes would be approximately $76.32 per hour. This is because you fall into the 22% tax bracket for singles, so your federal income tax rate would be 22%.
After subtracting this from your gross pay of $108, you will have a net pay of about $83.68 per hour. Depending on where you live, there may also be state or local taxes that need to be taken out as well; however, these vary by location and are not included in this calculation.
If instead you were married filing jointly or qualifying widow(er), then your take home after taxes would be approximately $77.92 per hour. This is because you fall into the 12% tax bracket for married couples filing jointly or qualifying widows (er), so your federal income tax rate would be 12%.
After subtracting this from your gross pay of $108, you will have a net pay of about $95.08 per hour. Again depending on where you live there may also be additional state or local taxes that need to be taken out as well; however, these vary by location and are not included in this calculation
Advice For Living on $108 an Hour
When it comes to budgeting, lifestyle choices, expenses, and other financial considerations, the most important thing is to create a plan that works for you. Start by setting realistic goals based on your income and spending habits.
Make sure to track all of your expenses so you can see where your money is going each month. This will help you identify areas where you may be able to cut back or save more money.
Once you have identified areas of potential savings, consider creating a budget that outlines how much money should go towards different categories such as rent/mortgage payments, food costs, transportation costs, etc.
It’s also important to factor in any additional expenses such as entertainment or travel into this budget so that these items don’t take away from other necessary expenditures like bills or debt repayment.
Finally, make sure to set aside some of your income for emergency funds and retirement savings so that unexpected events don’t derail your finances down the road. With careful planning and mindful spending decisions, managing finances with an hourly wage of $108 can be done successfully!