| Time Unit | Amount |
|---|---|
| Per day (8 hours) | $192 |
| Per week (40 hours) | $960 |
| Bi-weekly (80 hours) | $1,920 |
| Per month (160 hours) | $3,840 |
| Per year (2080 hours) | $49,920 |
As you can see by the table above, if you work 40 hours a week and make $24 per hour, your yearly salary is $49,920.
When it comes to finding a job, one of the most important factors to consider is the salary. Many people aim to earn at least $24 an hour, considered a decent wage in many parts of the United States.
However, it’s important to remember that $24 an hour doesn’t necessarily equate to a comfortable living wage, depending on your location and expenses.
In this article, we’ll explore what jobs pay $24 an hour, the top 10 highest paying cities for these jobs, how to convert $24 an hour into other time units, take home pay after taxes and offer advice for living on a $24 per hour salary.
Paycheck Calculator Converter for $24 An Hour
What Jobs Pay $24 an Hour?
There are many jobs that pay $24 an hour, ranging from skilled trades to healthcare and technology. Here are a few examples:
- Electricians: Electricians install, maintain, and repair electrical systems. They typically complete an apprenticeship and obtain a state license before working in the field.
- Registered Nurses: Registered nurses provide patient care, educate patients and the public about various health conditions, and offer advice and emotional support to patients and their families.
- Software Developers: Software developers design and create computer programs and applications. They typically have a degree in computer science or a related field.
- HVAC Technicians: HVAC technicians install, maintain, and repair heating, ventilation, and air conditioning systems. They typically complete an apprenticeship or vocational training program.
- Dental Hygienists: Dental hygienists clean teeth, take X-rays, and provide preventative dental care. They typically complete an associate’s degree and obtain a state license before working in the field.
These are just a few jobs that pay $24 an hour. Remember that salaries vary based on experience, location, and education level.
Top 10 Highest Paying Cities for $24 An Hour Jobs
Knowing where these jobs are most in demand is helpful if you’re looking for a job that pays $24 an hour. Here are the top 10 highest-paying cities for $24 an hour jobs:
- San Francisco, CA: With a high cost of living, it’s no surprise that San Francisco tops the list of highest-paying cities for $24 an hour jobs. According to Glassdoor, the average salary for a registered nurse in San Francisco is $104,800 annually.
- San Jose, CA: San Jose, located in the heart of Silicon Valley, is known for its tech industry. According to Glassdoor, the average salary for a software developer in San Jose is $107,500 per year.
- New York, NY: New York City is home to many industries, including finance, healthcare, and media. According to Glassdoor, the average salary for a dental hygienist in New York City is $80,000 per year.
- Boston, MA: Boston is a hub for education and healthcare. According to Glassdoor, the average salary for a registered nurse in Boston is $91,000 per year.
- Washington, DC: Washington, DC, is known for its government and nonprofit sectors. According to Glassdoor, the average salary for an HVAC technician in Washington, DC, is $53,000 per year.
- Los Angeles, CA: Los Angeles is a center for the entertainment industry. According to Glassdoor, the average salary for an electrician in Los Angeles is $65,000 annually.
- Seattle, WA: Seattle is home to many tech companies, including Amazon and Microsoft. According to Glassdoor, the average salary for a software developer in Seattle is $96,000 per year.
- Houston, TX: Houston is known for its energy industry. According to Glassdoor, the average salary for an HVAC technician in Houston is $52,000 per year.
- Chicago, IL: Chicago is a finance, healthcare, and transportation hub. According to Glassdoor, the average salary for a registered nurse in Chicago is $81,000 per year.
- Dallas, TX: Dallas is home to many telecommunications, finance, and healthcare companies. According to Glassdoor, the average salary for a software developer in Dallas is $84,000 per year.
It’s important to remember that salaries may vary based on location, cost of living, and industry demand. However, these cities are a good place to start if you’re looking for a job costing $24 an hour.
Take Home Pay After Taxes
When it comes to calculating take home pay after taxes, it’s important to understand how federal taxes work in the United States. In 2022, there are seven federal tax brackets based on income.
To calculate your take home pay after taxes, you’ll need to know which tax bracket you fall into based on your income. For example, if you earn $49,920 per year ($24 per hour for a 40-hour work week), you would fall into the 22% tax bracket for single filers.
The first $10,275 is taxed at 10%, the next $31,500 is taxed at 12%, and the remaining $8,145 is taxed at 22%. Here’s a breakdown of what you would owe in federal taxes:
- 10% of $10,275 = $1,027.50
- 12% of $31,500 = $3,780
- 22% of $8,145 = $1,791.90
Total federal taxes owed: $6,599.40.
This means that your take-home pay after taxes would be $43,320.60 ($49,920 – $6,599.40). Remember that this calculation does not consider state or local taxes, which can affect your take-home pay.
Advice for Living on $24 per Hour
If you’re earning $24 per hour, it’s important to make the most of your salary. Here are some tips for living on $24 per hour:
- Create a budget: A budget will help you keep track of your expenses and ensure you’re not overspending. Be sure to include your monthly expenses, such as rent/mortgage, utilities, groceries, transportation, and entertainment.
- Cut back on unnecessary expenses: Look at your budget and see if there are any expenses you can cut back on. For example, if you spend too much time eating out, try cooking at home more often.
- Look for ways to save money: There are many ways to save money, such as using coupons, buying generic brands, and shopping during sales. Look for ways to save money on your monthly expenses.
- Consider a side hustle: If you’re struggling to make ends meet, consider a side hustle. This could be anything from driving for a rideshare service to freelancing in your area of expertise.
- Invest in your future: Consider investing by contributing to a retirement account or saving for a down payment on a home. This will help you build long-term financial stability.
Key Takeaway
Earning $24 per hour can be a decent salary, but it’s important to understand how much you’ll make in different time units and how taxes will affect your take-home pay.
By being mindful of your expenses, cutting back on unnecessary costs, and looking for ways to save money, you can make the most of your salary and build a strong financial foundation for the future.