$24 an hour is how much a year?
$24 an hour is $49,920 a year before tax, working 40 hours a week for 52 paid weeks (2,080 hours).
That is $4,160 a month or $960 a week. It assumes paid holidays and vacation count as paid weeks; fewer hours or unpaid weeks lower the total, and overtime raises it.
Gross pay before taxes and deductions. Change the hours or paid weeks in the calculator to match your schedule.
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Pay by period
At 40 hours a week and 52 paid weeks, $24 an hour works out to $49,920 a year. A biweekly paycheck ($1,920) is smaller than a semimonthly one ($2,080) because there are 26 of them a year instead of 24.
| Period | Gross pay | Calculation |
|---|---|---|
| Yearly | $49,920 | $24 × 2,080 hours |
| Monthly | $4,160.00 | Yearly ÷ 12 |
| Semimonthly | $2,080.00 | Yearly ÷ 24 |
| Biweekly | $1,920.00 | Yearly ÷ 26 |
| Weekly | $960.00 | Yearly ÷ 52 |
| Daily (8 hours) | $192.00 | Hourly × 8 |
| Hourly | $24.00 | Rate |
Monthly is an average: months hold between 4 and 5 weeks, so an hourly worker's pay varies month to month while the yearly total stays the same.
By hours per week
Hourly pay scales with the hours worked. Part time at 20 hours a week, $24 an hour is $24,960 a year; at 50 hours with overtime it is $68,640.
| Hours a week | Weekly | Yearly | Yearly with overtime |
|---|---|---|---|
| 20 | $480 | $24,960 | No overtime |
| 25 | $600 | $31,200 | No overtime |
| 30 | $720 | $37,440 | No overtime |
| 32 | $768 | $39,936 | No overtime |
| 35 | $840 | $43,680 | No overtime |
| 37.5 | $900 | $46,800 | No overtime |
| 40 | $960 | $49,920 | No overtime |
| 45 | $1,080 | $56,160 | $59,280 |
| 50 | $1,200 | $62,400 | $68,640 |
Under the federal Fair Labor Standards Act, non-exempt employees are paid at least 1.5 times their regular rate for hours over 40 in a workweek. Some jobs are exempt, and state laws can add rules such as daily overtime, so check your state's labor department. Straight-time figures (no overtime premium) match the calculator above.
Unpaid weeks
Hourly workers are usually paid only for time worked. Taking two unpaid weeks at $24 an hour costs $1,920 of the year; four unpaid weeks cost $3,840.
| Paid weeks | Yearly | Monthly average | Less than 52 weeks |
|---|---|---|---|
| 48 | $46,080 | $3,840 | −$3,840 |
| 50 | $48,000 | $4,000 | −$1,920 |
| 52 | $49,920 | $4,160 | — |
The calculator's paid weeks field does the same arithmetic for any number of weeks.
Compared with US wages
$24 an hour is roughly the 50th percentile of US hourly wages (the published 25th percentile is $18.07 and the 50th is $24.51), and 2% below the national median of $24.51. The mean is higher, $33.54, because a minority of high wages pulls it up. It is 3.3 times the federal minimum wage of $7.25 an hour ($15,080 a year full time); many states and cities set a higher minimum.
| Point in the distribution | Hourly wage |
|---|---|
| 10th percentile | $15.00 |
| 25th percentile | $18.07 |
| This page: $24 an hour | $24.00 |
| Median | $24.51 |
| 75th percentile | $38.71 |
| 90th percentile | $61.81 |
Percentile ranks between the published points are approximate: BLS publishes only these five, so the rank above is interpolated and rounded to the nearest 5.
Jobs with a median near $24 an hour
Occupations whose national median pay is closest to $24 an hour include Logging Equipment Operators; Septic Tank Servicers and Sewer Pipe Cleaners; and Miscellaneous Construction and Related Workers.
| Occupation | Median hourly | Median yearly | US jobs |
|---|---|---|---|
| Logging Equipment Operators | $23.91 | $49,740 | 21,060 |
| Septic Tank Servicers and Sewer Pipe Cleaners | $23.98 | $49,880 | 30,650 |
| Miscellaneous Construction and Related Workers | $24.00 | $49,910 | 28,380 |
| Loan Interviewers and Clerks | $24.05 | $50,020 | 164,790 |
| Rolling Machine Setters, Operators, and Tenders, Metal and Plastic | $24.10 | $50,140 | 25,250 |
National figures for occupations with at least 20,000 jobs; pay varies widely by state, city, industry and experience. OEWS wages are straight-time gross pay including tips and commissions, excluding overtime premiums and benefits, and cover employees, not the self-employed. "Annual only" marks occupations BLS reports only as yearly pay, such as teachers.
Before tax
Every figure on this page is gross pay. Federal and state income tax, Social Security and Medicare, and deductions for health insurance or retirement plans come out before a paycheck arrives, and they depend on filing status, state, benefit choices and other income. This page does not estimate take-home pay; the $49,920 figure is the starting point that withholding is calculated from.
Employer benefits such as health insurance, retirement matches and paid leave are not in the figure either, so two offers with the same rate can differ in total value.
Assumptions
- Full time is 40 hours a week for 52 paid weeks, 2,080 hours a year; a day is 8 hours.
- Biweekly pay is the yearly amount ÷ 26 (paid weeks ÷ 2), semimonthly ÷ 24, monthly ÷ 12, the same definitions the calculator uses.
- Overtime follows the federal rule of 1.5 times the regular rate for hours over 40 in a week; state rules and exemptions are not modelled.
- Wage comparisons use the BLS May 2025 national estimates, released 2026-05-15 and retrieved 2026-09-25. See the methodology.
Questions
Is $24 an hour good pay?
Measured against US wages, $24 an hour is roughly the 50th percentile of US hourly wages (the published 25th percentile is $18.07 and the 50th is $24.51), and 2% below the national median of $24.51 (BLS OEWS, May 2025, hourly wages across all occupations). Occupations whose national median pay is closest to $24 an hour include Logging Equipment Operators; Septic Tank Servicers and Sewer Pipe Cleaners; and Miscellaneous Construction and Related Workers. Whether it covers a given budget depends on location, household and hours; these are national figures.
How much is $24 an hour biweekly?
$1,920 before tax for 80 hours (two 40-hour weeks). A 52-week year has 26 biweekly paychecks. Paid twice a month instead (24 paychecks), each check is $2,080.
How much is $24 an hour part time?
At 20 hours a week for 52 weeks, $24 an hour is $24,960 a year, or $480 a week. At 30 hours a week it is $37,440 a year.
How much is $24 an hour after taxes?
This page shows gross pay only: $49,920 a year before anything is withheld. Federal income tax, state and local income tax, Social Security and Medicare, and deductions for benefits or retirement plans all come out of that figure, and they depend on filing status, state and elections, so no single take-home amount fits everyone. Your pay stub shows your own withholding.
Sources
- BLS: Occupational Employment and Wage Statistics, May 2025 national estimates (released 2026-05-15)
- BLS news release: Occupational Employment and Wages, May 2025
- U.S. Department of Labor: overtime pay under the FLSA
- U.S. Department of Labor: minimum wage
These references explain the concepts behind the calculation. They do not endorse this site. Estimates leave out any cost or condition you did not enter.