What is considered a good hourly rate?
The national mean salary in the United States is $56,310 according to the National Compensation Survey. That works out to be $27 per hour. So in order to be above average, you have to earn more than $28 per hour.
Why it matters: A huge swath of the population is living on less than the "living wage." The living wage for an adult with no children is $15.24 in Texas, as calculated by a Massachusetts Institute of Technology tool.
Texas ranks number 46 out of 50 states nationwide for $16 An Hour job salaries.
| Effective Date | Minimum Wage |
|---|---|
| 1/1/2019 | $7.25 |
| 1/1/2020 | $7.25 |
| 1/1/2021 | $7.25 |
| 1/1/2022 | $7.25 |
TEXAS - So if you want to know how much money you need to make to be happy in Texas, the short answer is quite a bit, according to a survey. A survey that was completed by Purdue University and GoBankingRates found that you need a minimum annual salary of $96,705.
A good hourly wage will depend on your age, skill level, and location, but you should be earning at least $10 an hour if you're working in the service industry. However, keep in mind that an hourly wage of $10 is below the national average.
After taxes, if you earn $17 an hour, you'll take home $26,520 a year. Your gross salary before taxes would be $35,360. This is a livable wage for a single person in a low to moderate cost of living area.
The Bureau of Labor Statistics indicates that the average hourly wage in the US is $29.93, and the median hourly wage in 2020 was $16.36. Therefore, if you make $20 per hour, you earn less than the national average.
The minimum wage in the United States is no longer a living wage. Even though many states are paying more than this amount, minimum-wage earners continue to struggle to make ends meet. At $7.25, the federal minimum wage hasn't kept up with the cost of living in more than half a century.
As of Oct 19, 2022, the average annual pay for the $18 An Hour jobs category in Texas is $30,822 a year.
How much is $30 an hour annually in Texas?
Annual / Monthly / Weekly / Hourly Converter
If you make $30 per hour, your Yearly salary would be $57,720. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.
| Rank | Job Title | Entry Level Salary |
|---|---|---|
| 1 | Loan Servicing Specialist | $212,000 |
| 2 | Vice Chairperson | $129,000 |
| 3 | President & Chief Technology Officer | $139,000 |
| 4 | Anesthesiologist, Pain Management Specialist | $137,000 |
As of 2022, a single adult living in Dallas County, will need to earn $17.82 per hour to support their basic needs. A single adult with one child, will need to earn $33.62 per hour to support the basic needs of their family.
$20 hourly is how much per year? If you make $20 per hour, your Yearly salary would be $41,600. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.
| State | Single | Couple |
|---|---|---|
| Texas | $25,284 – $75,853 | $35,758 – $107,273 |
| Utah | $25,389 – $76,167 | $35,905 – $107,716 |
| Vermont | $26,511 – $79,533 | $37,492 – $112,476 |
| Virginia | $26,694 – $80,081 | $37,750 – $113,251 |
How much does an Entry Level make in Texas? As of Nov 30, 2022, the average annual pay for an Entry Level in Texas is $29,213 a year.
Average Walmart Cashier/Sales hourly pay in Texas is approximately $13.98, which is 20% above the national average.
Texas is one of the more affordable states in the country. Compared to the national average, your living expenses will be 7 percent cheaper — though the exact figure will vary based on where you choose to live in the state.
| New York | $72,881 |
|---|---|
| Virginia | $57,701 |
| Minnesota | $57,430 |
| TEXAS | $57,382 |
| UNITED STATES | $56,945 |
Making $25 an Hour Is How Much a Year? Working for $25 per hour can be summed as $938 per week, $4,063 per month, or $48,750 per year; that is if you work for at least 37.5 hours per week. Likewise, if you work for 40 hours per week (sharp), you'll earn $52,000 per year.
Is $50 an hour a lot?
Is 50 an Hour Good? Yes, $50 an hour is actually good pay. To put things into perspective, $50 an hour is almost seven times higher than the federal minimum wage. As of 2022, the Federal minimum wage is $7.25 per hour.
Based on a standard work week of 40 hours, a full-time employee works 2,080 hours per year (40 hours a week x 52 weeks a year). So if an employee makes $15 an hour working 40 hours a week, they make about $31,200 (15 multiplied by 2,080).
A typical McDonald's worker earns around US$8 per hour, which, truthfully speaking, is hardly enough to support an individual, let alone a family. They work five days a week, which is an average of 25-30 hours per week.
$16.50 an hour is $33,000 a year in annual income.
If you earn an hourly wage of $16.50 an hour and work for an average of 40 hours a week for 50 weeks a year, you'll earn a yearly salary of $33,000.
But can someone actually live on $11 an hour? In some markets, the answer is yes, but in many parts of the country, $11 is simply not enough to provide basic needs such as housing, food, clothing, and healthcare.
The family's 2021 poverty threshold (below) is $33,148.
$15.50 an hour is $31,000 a year in annual income.
If you earn an hourly wage of $15.50 an hour and work for an average of 40 hours a week for 50 weeks a year, you'll earn a yearly salary of $31,000. The calculation assumes 50 work weeks with an average of two weeks of holidays in a year.
Thus, an individual working 2,080 hours annually and earning $18 per hour will make $37,440 a year.
$40,000 annual salary ÷ 2080 hours = $19.23 per hour.
- Create a budget.
- Open some checking, savings, and retirement accounts.
- Set up direct deposit and automated bill pay.
- Avoid bad debt and build good credit.
- Get some government benefits.
- Take classes, freelance, and increase your earnings.
- Set some financial goals.
- Summary.
What states pay 7.25 an hour?
| State | 2019 | 2020 |
|---|---|---|
| Florida | $8.56 | $8.56 |
| Georgia | $5.15 (Employers subject to the Fair Labor Standards Act must pay the $7.25 Federal minimum wage) | $5.15 (Employers subject to the Fair Labor Standards Act must pay the $7.25 Federal minimum wage) |
| Hawaii | $10.10 | $10.10 |
| Idaho | $7.25 | $7.25 |
California's living wage is $19.41, or $40,371 a year for an individual. A family of four requires $27.42, or $101,378 a year. Childcare costs will cost a family with two working adults $22,259 a year, slightly more than the $24,682 they can expect to spend on housing.
Final Thoughts on $18 an hour
With an hourly wage of $18, you will make around $37,440 a year. This is enough to live on as long as you do not have dependents, and in high-growth industries such as manufacturing or health care, most jobs pay this much.
For example, if you are paid $20 an hour & there are 21 work days in the month and you work 8 hours per day that would be 188 work hours. Multiply 188 by a stated wage of $20 and you get $3,760.
Yes, you can do it, and as you can see that it is possible with the sample budget of $16 per hour. Living in a higher cost of living area would be more difficult. So, you may have to get a little creative. For example, you might have to have a roommate.
Yes, it's quite decent. With $27 per hour, your monthly income will amount to about $4,680, i.e., $3,240 after taxes, which means you can save up to 10% on things such as food, utilities, transportation, and insurance.
The short answer is, yes, you can live on $30 an hour in America. Given that the 2021 federal poverty level for an individual in the US is $12,880, and the average per capita income for 2019 was $35,103, if you earn an annual salary of $62,400, you're considered above the national average.
$80,000 is $38.46 an hour without vacation time.
If you work a full 40-hour week for 52 weeks, that amounts to 2,080 hours of work.
Texas is one of 10 states in which cardiologists have the highest-paying positions overall, leading all other jobs in the “healthcare practitioners and technical occupations” group with an annual mean wage of $361,990.
1. Dallas. Welcome to the ninth largest city in the U.S. and the highest-ranking city in Texas for average salaries: Dallas.
How much does it cost to live in Texas comfortably?
Average Annual Per-Capita Cost in Texas
That's $3,305 a month, per person, on average.
In a 2021 modern wealth survey, Americans told Charles Scwab that they need an average net worth of $934,000 to be financially comfortable. Another survey by Personal Capital says that Americans believe that they need to save an average of $516,000 to maintain financial health.
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Median Household Income in Texas by Age of Householder.
| Texas | |
|---|---|
| Householder 45 to 64 years | $76,623 |
| Householder 65 years and over | $47,004 |
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $21.82 | $30.54 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $15.00 | $15.00 |
Two people who each work full-time and earn $25 dollars an hour have a net take-home of $6495, which is a pretty solid amount for living well in most places!
If you are negotiating the salary for a new position or a job at a new company, asking for 10% to 20% more than what you currently make is often the general rule.
At $29 an hour, that means the average Texan makes more than $60,000 a year. So we wanted to verify: What is the average hourly wage in Texas? Our source is The Bureau of Labor Statistics. It reports on average Texans got paid $28.55 per hour in 2021.
As of Nov 22, the average annual salary in Texas is $52,474. Just in case you need a simple salary calculator, that works out to be approximately $25.23 an hour. This is equivalent of $1,009 a week or $4,372 a month. Most salaries in Texas range between $37,105 (25th percentile) to $66,475 (75th percentile) annually.
Based on a standard work week of 40 hours, a full-time employee works 2,080 hours per year (40 hours a week x 52 weeks a year). So if an employee makes $15 an hour working 40 hours a week, they make about $31,200 (15 multiplied by 2,080).
The Bureau of Labor Statistics indicates that the average hourly wage in the US is $29.93, and the median hourly wage in 2020 was $16.36. Therefore, if you make $20 per hour, you earn less than the national average.
What is middle class in Texas?
| State | Single | Family of four |
|---|---|---|
| South Dakota | $23,040 – $69,121 | $46,081 – $138,243 |
| Tennessee | $23,536 – $70,609 | $47,072 – $141,217 |
| Texas | $25,284 – $75,853 | $50,569 – $151,707 |
| Utah | $25,389 – $76,167 | $50,778 – $152,333 |
Is 25 dollars an hour good pay? Yes, making $25 per hour is a good way to start off your career, knowing full well that the majority of Americans make just $10 to $20 per hour. Nevertheless, keep in mind that the more money you make, the more taxes you'll have to pay.
If you make $20 per hour, your Yearly salary would be $41,600. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.
After taxes, if you earn $17 an hour, you'll take home $26,520 a year. Your gross salary before taxes would be $35,360. This is a livable wage for a single person in a low to moderate cost of living area.
