18 Dollars An Hour Is How Much A Year: Can You Live Off Of It?

Do you want to learn for $18 an hour is how much a year? We will provide a method to calculate monthly, yearly, weekly, biweekly, and daily salary before and after paying the taxes.

$18 an hour is enough living wage, or how can I increase my hourly wage? We provide a budget sample to live off and determine the best jobs to make $18 an hour. So read the post to get all the related information.

Use the above calculator to find $15, $18, $20, $30, and $35 an hour is how much a year.

18 An Hour Is How Much A Year

Let’s get started;

The minimum per hour wage in the United States is $7.25, which does not meet the essential and household necessities. So many people think $18 an hour is enough to live a good life or how much we make yearly.

The living wage is not constant in all the states because it varies on many factors. Generally, the average living wage is $12 to $15 an hour. Based on data from the Labor Statistics Bureau, wages across the country are gradually rising.

18 Dollars an Hour is How Much a Year

Working Full-Time:

In America, most full-time employees work 35 to 40 hours a week. The per-year salary is $37,440 if you work $18 an hour. For example, multiply the weekly work hours (40) by the number of weeks in a year (25). It means an employee work approximately 2080 hours per year.

40 X 25 = 2080

Now multiply the per year worked hours (2080) by an hour wage ($18). The annual amount is $37,440, which you earn after paying the taxes.

2080 X 18 = 37440

On the other hand, if you work 35 hours a week for $18 an hour, your average per-year salary is $32,760 before the tax. For example, multiply the weekly work hours (35) by the yearly weeks (52).

After multiplying it, the annual work hours are 1820. Now multiply it by an hour’s wage ($18) to get the per year average salary.

35 X 52 = 1820

1820 X 18 = 32,760

Working Part-Time:

In America, most part-time employees work 20 to 29 hours a week. The average per-year salary before tax is $23,400 if you work 25 hours a week for a wage of $18. 

25 (Weekly work hours) X 52 (Yearly Weeks) = 1300 (Total Per Year Work Hours)

1300 X $18(an hour wage) = $23400 (Total Per Year Salary)

How much is 18 Dollars an Hour Annually After Taxes?

In many states of America, the average tax is 15.1% on the per-year income of $37,440. Many taxes include Medicare, federal taxes, and social security.

After paying all the taxes, the full-time employee makes $31,769 per year. At the same time, the part-time employee makes approximately $20,473 each year after paying the taxes on their income. 

18 dollars an hour is how much a year

Can you live off of $18 an hour?

The U.S. Census Bureau reports the average median income of an individual in 2022 was yearly $54,132. Living a good life in America for 18 dollars an hour is problematic because it is below the average median income.

Secondly, housing prices and household or basic living expenses are rising nationwide. Many factors determine whether your current income is enough to live quite well. Here are the best-sustaining factors.

  • How many dependents are in your family?
  • What is the living cost in your state?
  • How do you shop? 
  • How often do you eat out?
  • How much do you spend on transportation?
  • Overall savings
  • Loan or mortgage repayments

On the other hand, full-time employee easily meets their expenses as a single individual because a yearly salary of 37,440 is above the poverty guidelines ($13,590). 

Moreover, living a good life in Mississippi is easy if the average yearly salary is $58,321. At the same time, if you live in Hawaii, the minimum per year average salary is $136,437 to live a comfortable life due to the high living expenses. 

I want to share my experience as my husband, and I work for $19.23 and make $40,000 annually. We live in Colorado with our two children and live a good life after paying all the taxes and expenses.

Furthermore, we also bought a new three bedrooms house after saving some money from our salary. My younger son lives well in a high-cost city with $15 an hour. According to my experience, this amount is well if you are single. And your lifestyle plays a significant role whether you are living in any city.    

Related: Can you live on $30 an hour?

Companies that Pay More than $18 Per Hour

  • Bank of America
  • Target
  • Whole Foods
  • In-N-Out Burger
  • Advance Auto Parts
  • Wells Fargo
  • McDonald’s
  • Whataburger
  • Charter Communications
  • Most local grocery chains
  • Macy’s
  • Many hotels
  • JP Morgan

Can you buy a house making $18 an hour?

Many factors are involved in buying a house for $18 an hour. Some of the essential elements are as follows.

  • Debt-to-income ratio <43%
  • Must have a healthy savings account
  • Make a budget
  • Buy a house in a low-cost-of-living area

You can easily buy a house with a $37,400 per year salary in the modest areas of the cities if you fulfil all the requirements mentioned earlier. 

On the other hand, it isn’t easy to buy a house for $18 an hour if you;

  • Debt-to-income ratio >43%
  • Work as a part-time
  • Facing difficulty in living on a budget
  • Live in a high cost-of-living index areas
18 dollars an hour

Tips for Living on $18 an hour

Here are the tips for living a comfortable life at $18 an hour.

  • No outstanding loan payment
  • Keeps your food expenses low
  • Lives with a roommate
  • Make a budgeting plan and follow it wisely
  • Spends less than earns
  • Save a tidy portion for future
  • Get a discount on shopping for groceries, clothes, etc.

Taxes Free States

The following are the states in the United States that do not charge any tax on residents’ income.

  1. Alaska
  2. Nevada
  3. Florida
  4. Washington
  5. South Dakota
  6. Texas
  7. New Hampshire
  8. Tennessee
  9. Wyoming

Ways to make more money if $18 an hour isn’t enough

There are many ways to increase income if you cannot meet your expense with $18 an hour. Here are some best practices to live life as your dream.  

  • Ask an employer to raise an hourly rate.
  • Look for other part-time activities to make money, like selling your skills on Fiverr, blogging, freelance writing, surveys, and becoming a Virtual Assistant (VA) 
  • Start a part-time side hustle like babysitting, cleaning houses, drive for Uber.
  • Earn from your hobbies by selling different products.
  • Sell feet or hand pics for extra income.

18 Dollars an Hour Jobs

According to the U.S. Bureau of Labor Statistics, individuals don’t need special qualifications and experience to get the $ 18-an-hour job. 

JobAverage Pay Per Hour ($)Job Duties
Animal Control Worker18.07Look after dangerous, abandoned, or unattended animals.
Motorcycle Mechanic18.19Repair, inspect, and service motorized power equipment.
Grinding, Crushing, and Polishing Machine Setter18.06Set up, repair, and operate crush, grind, or polish machines.
Audiovisual Equipment Install/Repair18.99Install, adjust or repair audio or other electronic entertainment equipment.
Quality Control Inspector18.82Examine defective products and materials.
Camera Repair Tech  18.69Adjust and repair commercial video cameras and photographic equipment.
Pipe Layer18.66Lay pipe for storm or sanitation sewers, water mains, and drains.
General Maintenance and Repair Worker18.79Maintain and fix mechanical equipment, machines, and buildings
Healthcare Support Worker18.49Nursing assistants, home health aides, physical therapy assistants
Optician18.19Help with contact lenses and fit eyeglasses.

Sample budget for $18 an hour

It is the best budget example for individuals who earn a monthly $2647 salary after paying taxes. Use a 70/20/10 budget example to live a comfortable life. For example, spend 70% of income on monthly expenses and save 20% of revenue in a retirement fund. The remaining 10% of income is used for debt repayment. 

ExpenseAmount ($)
Long/Short-Term Savings529.40
Debt Repayment264.70
Charitable Contributions100

How much is $18 an hour per day?

The per day income of a full-time employee before tax is $144 if they work 8 hours a day for $18. After paying income tax, they can make approximately $122. 

$18 (Hour Wage) X 8 (Per Day Work Hours) = $144 (Total Per Day Income)

On the other hand, part-time employees approximately make daily $90 before tax. After paying the tax, make a daily $79. 

$18 (Hour Wage) X 5 (Per Day Work Hours) = $90 (Total Per Day Income)

How much is 18 dollars an hour per week?

The weekly income of a full-time employee before tax is $720 if they work 40 hours weekly for $18 an hour. After paying taxes, make approximately $611. 

$18 (Hour Wage) X 40 (Weekly Work Hours) = $720 (Total weekly Income)

On the other hand, the weekly income of part-time employees is $450 before tax. After-tax, earn around $394 weekly. 

$18 (Hour Wage) X 25 (Weekly Work Hour) = $450 (Total weekly Income)

$18 an hour is how much bi-weekly?

The average income two weeks before tax is $1440 for full-time employees. Multiply an hour’s wage (18) by the number of working hours of 2 weeks (80).

80 X 18 = 1440

Secondly, the average income of part-time workers is $900 after multiplying an hour wage (18) by the number of working hours of 2 weeks (50).

50 X 18 = 900

How much is 18 dollars an hour per month?

The per month gross salary of the individuals is $3120, who work $18 an hour. Divide the yearly salary (37,440) by the number of months in a year (12) to calculate the monthly salary. The per month net salary after pay tax is $2647.

37,440 ÷ 12 = 3120

Secondly, the part-time employee’s salary before tax is $1950, and works 25 hours a week. And make around $1706 after paying income tax. 

How Much is 18 Dollars an Hour Annually?

$18 per Hour – Full TimeWorking HoursTotal Income ($)
Daily Wage08144
Weekly Wage40720
Bi-Weekly Wage801,440
Monthly Salary1733,120
Yearly Salary Paid Time Off52 Weeks37,440
Yearly Salary  No Paid Time Off50 Weeks36,000

18$ an Hour is How Much a Year Final Thoughts:

In short, due to the rising prices, living a comfortable life at $18 an hour is problematic because it is below the minimum wage.

However, it is possible if you don’t have dependents and live in low-cost living areas. Get an $ 18-an-hour job without a degree in different sectors like manufacturing, technical, and health care.


Q: What is the hourly rate for 37,440 dollars a year?

$18 an hour is the hourly rate of a yearly salary of $37,440.

Q: How do you calculate the hourly rate from the annual salary?

Divide the per year salary by the number of weeks to get the annual salary. Then divide it by the weekly working hours.

Q: 37,440 dollars a year is how much every two weeks?

The two-week average salary is $1440.

Q: 37,440 dollars a year is how much weekly?

It is weekly, around $720.

Q: 18 dollars an hour is how much a year after taxes?

It is around 31,769 dollars a year.  

More from Make Money:

Sharing Is Caring:

Jessica joined savvybudgetnow in 2022 as a Content Analyst. An MBA-Finance graduate from Alaska Pacific University with three years of experience. She is a seasoned content writer specializing in finance niches and has worked as a content writer with Yahoo Finance, adding to her extensive expertise. Follow her on Twitter (@JessicaArn97) and LinkedIn (@jessica-arnold-53132120b)

Leave a Comment