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$ 30 an Hour is How Much a Year and which jobs pay $30 an hour? Let’ find out in this post!
So, you’re making 30 bucks an hour, but do you know what it really means to earn his money?
Knowing your hourly wage is one thing, but often, bills come on a monthly, quarterly, or even yearly basis. Mortgages and utilities are paid per month, insurances and some subscriptions are paid annually. So, if you know how much is 30,000 per year, you can create and stick to a more intentional, realistic budget.
As you know, the main question in this post is how much is 30 an hour annually? To get the answer, it is essential first to identify how many hours you work each year and whether you work full-time or part-time.
How much is $30 an hour salary if you work full-time
According to Glassdoor, full-time work typically implies 30 to 50 hours per week, but the average is 40 hours.
Now, let’s assume that you work 40 hours per week, and there are 50 workweeks in a year (you take two weeks of unpaid vacation). To compute how much a year is $30:
First, multiply 40 hours by 50 weeks, which gives you 2,000 hours of work each year. And to compute how much a year is $30:
2,000 hours x $30 = $60,000 year
But what if you don’t take a vacation and work all 52 weeks of the year? Your yearly rate is computed as follows:
2,080 hours x $30 = $62,400 per year
Therefore, full-time workers who make $30 an hour typically earn between $60,000 to $62,400 per year before taxes.
30 dollars an hour is how a year after taxes?
It depends on your filing status and the state that you are in. According to Kiplinger, single filing individuals who make 60K per year in 2021 is 22%.
So, you should be earning $46,800 after taxes. Meanwhile, those who are married filing jointly are taxed 12% of their income. Therefore, your annual salary should be around $52,800.
An easy to calculate your tax is by using an online tax calculator.
Here’s an example computation if you’re living in San Francisco, California earning $60,000 a year.
But what if you only work part-time? How much is 30 an hour annually?
According to the Bureau of Labor Statistics or BLS, part-time work constitutes 1 to 34 hours of work per week. For the sake of demonstration, let’s say you work 25 hours per week. To get your yearly rate, multiply 25 hours by 50 weeks (if you take two weeks off each year): 25 hours x 50 weeks = 1,250 hours.
$30 per hour x 1,250 hours = $37,500 per year
And if you work all 52 weeks of the year part-time, that is 25 hours x 52 weeks = 1,300 hours. So, to get your annual rate:
$30 per hour x 1,300 = $39,000 per year
$30 An Hour Is How Much a Month
Now, you probably wonder what your monthly rate would look like if you’re earning 30 bucks an hour. To find out, simply take your yearly income and divide it by 12:
$60,000 12 = $5,000
Therefore, if you earn $60,000 per year, you should make around $5,000 each month before taxes.
What if you want to know how much you can earn weekly if you make $30 an hour? To figure out your weekly income, simply multiply the number of hours you work per week by 30. For instance, if you work full-time or 40 hours, your computation should be as follows:
40 hours x $30 per hour = $1,200 per week
And if you work part-time, say 25 hours per week:
25 hours x $30 per hour = $750 per week
Your daily rate is computed by multiplying 30 by the number of hours you work each day. So, if you work eight hours per day:
8 hours x $30 = $240 per day
And in case you’re wondering, here’s how you can make 200 dollars or more per day.
According to research published by Statista, 16.5% of Americans make $30 an hour or 60K per year. This is a little low compared to the US median income of 68,703 U.S. dollars as of 2019.
However, earning this much money places you way above the poverty line. According to the US Department of Health and Human Services, the poverty threshold for a family of eight for the 48 contiguous states as of 2021 is $44, 660.
Is $30 an hour good salary? Can you live off of $30 an hour?
If you are making 60,000 dollars a year or around $47,000 to $53,000 after taxes, you are making quite a decent living. According to the BLS, the average hourly wage in the US private sector as of 2020 is $28.44. So if you are making above this figure, then you are earning a good salary.
However, how you manage your income is what truly matters in determining whether 30 an hour is a good salary. By carefully budgeting this income, you can have enough to pay for housing, food, transportation, healthcare, personal spending, and giving. You’ll even have enough room to save a portion for both short-term and long-term goals.
If you’ve just entered the workforce, a starting rate of $30 an hour is good. But as you earn more experience and gather more credentials, your pay rate should also go up and possibly earn six figures.
Are you looking for jobs that pay $30 an hour, or more? Good thing, there’s a lot of options that you can explore, from skilled and manual labor jobs to professions where you can put your associate and a college degree to work. According to PayScale and CareerBuilder, here are some jobs that pay $30 an hour:
Jobs that pay $30 an hour
- Tile setters
- Photographer and videographers
- Real estate agents
- Mortgage brokers
- Elevator installer and repairers
- Police officers
- Dental hygienists
- Landscape architects
- Animal scientists
- Makeup artists
- Purchasing agents and buyers
- Insurance underwriters
- Food scientists
- Market research analyst
Online jobs that pay $30 an hour
- Podcast editor Web developer
- Software developer
- IT security analyst
- App developer
- SEO consultant
- Technical writer
- IT Systems administrator
You can find several job options in the market, whether you’re looking for jobs that pay $20 an hour or $30. In both hourly rates, skilled and manual labor jobs are abundant. It means that you can find employment with this level of salary even if you do not have a bachelor’s degree.
But if you want to increase your employment potential, increase your credibility by taking advantage of training and certifications in your field. Online courses can help make you stand out too.
There are also several online jobs that you can find with these pay rates. Many of them also do not require a college degree. In fact, you can pick up marketable skills and earn at least $20 an hour as an online English teacher, tax preparer, bookkeeper, and transcriber.
The online jobs that pay $30 and above are noticeably more technical. These jobs are more technical in nature, such as web and software developer, IT security analyst, and systems administrator. Some of these roles do require at least an associate degree, though.
However, you can brush up on your skills and enrich your portfolio by showcasing your sample works, especially if you’re a graphic designer, technical writer, makeup artist, or copywriter. By having something to present to potential clients, you can prove your talents and skills.
$ 30 an Hour is How Much a Year: Conclusion
That sums up our post on how much is 30 dollars an hour per year. You have learned here that $30 per hour is a good income especially if you have great money management skills. With this earning potential, you can already put a roof over your head, food on the table, and save for your financial goals.
Now, there are jobs that pay on the lower side, say 18 dollars per hour, which can require more work in terms of budgeting and management. So if you want to enjoy more financial flexibility, focus on improving your money management skills, and of course, improve your credentials so you can land jobs that pay 30 bucks an hour. This way, earning $30 an hour will give you a lot more breathing room in your budget.