$18 an Hour Is How Much a Year?
That is $3,120.00 a month, $1,440.00 every two weeks, $720.00 a week and $144.00 for an 8-hour day. $18 an hour is 2.5 times the federal minimum wage of $7.25 (DOL). This is close to a typical full-time hourly income in many U.S. regions; the difference between full-time and part-time schedules below is often larger than a $1 raise.
$18 an hour on different schedules
| Schedule | Per year | Per month | Biweekly | Per week |
|---|---|---|---|---|
| Full-time, 40 h/week, 52 weeks | $37,440.00 | $3,120.00 | $1,440.00 | $720.00 |
| Full-time, 40 h/week, 50 paid weeks | $36,000.00 | $3,000.00 | $1,440.00 | $720.00 |
| 37.5 h/week, 52 weeks | $35,100.00 | $2,925.00 | $1,350.00 | $675.00 |
| Part-time, 30 h/week | $28,080.00 | $2,340.00 | $1,080.00 | $540.00 |
| Part-time, 20 h/week | $18,720.00 | $1,560.00 | $720.00 | $360.00 |
Weekly pay with overtime at $18/hour
Hours over 40 in a week at time and a half ($27.00 per overtime hour):
| Hours worked | Weekly gross | If every week (×52) |
|---|---|---|
| 40 h | $720.00 | $37,440.00 |
| 42 h | $774.00 | $40,248.00 |
| 45 h | $855.00 | $44,460.00 |
| 50 h | $990.00 | $51,480.00 |
| 55 h | $1,125.00 | $58,500.00 |
| 60 h | $1,260.00 | $65,520.00 |
How $18/hour compares with nearby wages
| Hourly | Per year (2,080 h) | Difference vs $18 |
|---|---|---|
| $15/h | $31,200.00 | $-6,240.00 |
| $16/h | $33,280.00 | $-4,160.00 |
| $17/h | $35,360.00 | $-2,080.00 |
| $18/h | $37,440.00 | +$0.00 |
| $19/h | $39,520.00 | +$2,080.00 |
| $20/h | $41,600.00 | +$4,160.00 |
| $21/h | $43,680.00 | +$6,240.00 |
Each $1/hour raise is worth $2,080 a year for a full-time worker.
Housing benchmark
A household that spends more than 30% of its income on housing is considered "cost burdened" by HUD (HUD). At $18/hour full time, 30% of gross income is $936.00 a month.
How long to earn…
| Amount | Hours at $18/h | 8-hour days |
|---|---|---|
| $500.00 | 27.8 h | 3.5 days |
| $1,000.00 | 55.6 h | 6.9 days |
| $2,500.00 | 138.9 h | 17.4 days |
| $5,000.00 | 277.8 h | 34.7 days |
Try other numbers with the hourly to salary calculator. Nearby: $15/h $16/h $17/h $19/h $20/h $21/h
Gross pay before federal, state and local taxes, benefits and other deductions.