Are you paid $10 hourly? If your answer is yes, knowing how much you make in a year is crucial.

Why? Because if you are making less than the median hourly pay of 16.36 dollars, it may be challenging to create a budget, especially considering the fact that there has been inflation in goods and necessities.

But can you live off $10 an hour? And, **10 dollars an hour is how much a year** for an average person?

Continue reading to learn more about your yearly salary, monthly income, biweekly salary, weekly salary, and daily income if you make $10 an hour. You will also see an example budget planner and discover helpful hints on how to make a living with just 10 dollars an hour wage.

## 10 Dollars an Hour Is How Much a Year?

From here, we will assume that this current role that pays $10 per hour requires you to work **40 total working hours a week, which is considered a full-time role**. To find out how much is the equivalent annual salary based on $10 an hour, let us first find out how much vacation time you get.

**So, 10 an hour is how much a year? Assuming you work 40 hours a week, 52 weeks a year (with a 2- week paid time off), a $10 per hour salary is $20,800 a year! **

**10 an hour x 52 weeks x 40 hrs = $20,800**

Let’s say you get 2 weeks off work without pay. Since there are 52 weeks in a year, we’ll take away the two not paid time off. In total, you have 50 working weeks, which equates to **2,000 working hours** (50 weeks by 40 hours).

$10 an hour multiplied by 2,000 working hours per year is approximately **$20,000 before taxes**.

**In this scenario, $10 per hour is equivalent to $20,000 a year if you work 40 hours each week for 50 weeks a year with two weeks of non-paid vacation!**

**10 an hour x 50 weeks x 40 hrs = $20,000**

## How Many Working Days are there In 2022?

Do you want to calculate your yearly income more precisely? Then you’ll need to know how many days you actually work.

There are **260 working days** in the 2022 calendar year. This is assuming you get paid vacation time.

Using this number, we can then compute how much yearly income you will make. Assuming you are a full-time worker, you’ll get **$20,800 before taxes** (52 weeks x 40 hours a week x $10).

### How To Compute Overtime Pay?

Do certain weeks require you to put in more hours than others? If this is the case, then you will also be paid for the overtime hours you work!

To calculate the total amount of your overtime pay, simply multiply 1.5 times your hourly rate with the number of overtime hours that you worked over and above your normal workweek.

## $10 An Hour Is How Much Per Year (Part-Time)?

But, what if you only work part-time or 25 hours a week? What is $10 an hour annually?

If you work 30 hours a week, that would be $15,600 per year. And if you work 25 hours a week, that would be $12,500 per year. So it really depends on how many hours you work. The more hours you work, the more money you will make.

**To compute $10 an hour is how much part-time, simply multiply 52 weeks by 25 hours, and your $10 hourly pay, you’ll get 13,000. **

**$10 an hour multiplied by 1,300 working hours per year is $13,000 before taxes.**

## 10 Dollars an Hour is How Much a Year After Taxes?

Now that you know how much money you will get before taxes, let’s figure out how much of that money is your take-home pay.

To compute your after-tax income, first, you need to know how much tax you will pay.

If you earn $20,800, your taxable income bracket is between $9,951 to $40,525; you must expect to pay a 10-12% tax rate.

Depending on the state you reside in, you may be required to pay an additional amount.

To further explain and simplify, let’s utilize our Income Tax Calculator to determine a person’s annual net income in Ohio.

If an **Ohio** resident works a full-time job earning $20,800 annually, he or she will pay a total tax obligation of $2,706 representing a** tax rate of 13%** (this is inclusive of the federal taxes, state taxes, and FICA taxes). After taxes, your yearly salary of $10 per hour will be **$18,094**.

**Annual income after taxes: $20,800 – $2,706 = $18,094**

Similarly, if you live in Ohio and only work part-time and earn $13,000, your estimated take-home pay for a 25-hour work week is **$11,865**.

## How Much Is 10 Dollars an Hour Monthly?

An accurate estimate of how much money you bring in on a monthly basis can significantly assist when budgeting.

To know the estimates on how much you earn per month if you work full-time, we can simply divide your annual pay by 12 months to get your monthly income of **$1,733 before taxes**.

**Monthly Full-time Pay:** **$20,800 annual pay/12 months = $1,733**

What if you work part-time? $10 an hour is how much a month?

To calculate how much is your monthly average if you work 25 hours a week, simply divide your annual part-time pay by 12 months to get **$1042 before taxes**.

**Monthly Part-time Pay:**

**$13,000 annual pay/12 months = $1,o83**

## How Much Is $10 an Hour Monthly After Taxes?

To know your monthly take-home pay at $10 an hour, let us assume that you pay a 13% tax rate as discussed above. Your monthly take-home pay will then be **$1,508**.

To get the net monthly pay, simply divide your monthly after-tax income by 12 months.

**Monthly Full-time Pay: $18,094/12 mos. = $1,508 after-tax**

However, if you only work part-time or 25 hours a week, you would receive an after-tax net pay of **$988**.

To arrive at your part-time monthly take-home pay, divide your annual after-tax pay by 12 months.

**Monthly Part-time Pay: $11,865/12 mos. = $988 after-tax**

## How Much Is $10 an Hour 40 Hours a Week?

Some individuals favor the weekly budgeting method. This is due to the fact that it is much simpler to break it down as opposed to looking at a monthly budget and feeling overwhelmed by it.

If you make 10 an hour, how much is take-home pay assuming you work 40 hours a week at your new job?

To calculate your weekly income if you work full-time, you can simply multiply $10 by your hours worked to get** $400 before taxes**.

**Weekly Full-time Pay: $10 x 40 hrs = $400 before tax**

For a part-time worker, multiply $10 by 25 hours to get **$250 before taxes**.

**Weekly Part-time Pay: $10 x 25 hrs = $250 before tax**

## $10 an Hour Is How Much a Week After Taxes?

Interested to know how much cash you take home each week from your new job if you make 10 an hour? Allow us to compute the weekly amount of your income after taxes.

If you work full-time (40 hours per week), your after-tax income weekly is **$377**.

To arrive at an after-tax of $377, simply divide your monthly take-home pay by 4 weeks.

**Weekly Full-time Pay: $1,508/4-weeks = $377 after-tax**

If you work part-time (25 hours a week), you will get an after-tax weekly income of **$247 after-tax**.

**Weekly Part-time Pay: $988/4-weeks = $247 after-tax**

## How Much Is $10 an Hour Biweekly?

To get a breakdown of your income on a bi-weekly basis before taxes provided that you work full-time, simply multiply $10 by the number of hours worked per week and 2 weeks.

**Bi-weekly Full-time Pay: 40 hrs x $10 x 2 =$800**

If you work 25 hours per week, multiply $10 by the hours worked per week and 2 weeks.

**Bi-weekly Part-time Pay: 25 hrs x $10 x 2 =$500**

## How Much Is 10 Dollars an Hour Biweekly After Taxes?

To compute your bi-weekly income after taxes, you must multiply your monthly total income by approximately a 10-12% tax rate if you work full-time.

**NOTE:** Please remember that the state tax you pay will differ from one area to the next. Using the income tax calculator mentioned above, you will be able to determine the precise percentage of your annual income that is subject to taxes.

So, 10 dollars an hour is how much bi-weekly?

**Your after-tax income for every two weeks is $728, taking into account the fact that you work 40 hours a week.**

To arrive at bi-weekly net pay, simply multiply your weekly after-tax income by 2.

**Bi-weekly Full-time Pay: $377 x 2 = $754 after-tax**

**You would be entitled to the take-home pay of $494 every two weeks if you worked part-time.**

To calculate bi-weekly, multiply your weekly take-home pay by 2.

**Bi-weekly Part-time Pay: $247 x 2 = $494 after-tax**

## $10 an Hour Is How Much a Day?

Do you want to look at it from a day-to-day perspective? It does motivate us to see how much money we make each day and how we may allocate that money according to our budget every day.

You will bring in** $80 before taxes** each day if you put in your standard eight hours worked.

**Daily Full-time Pay: $10 x 8 hrs. = $80**

On the other hand, you will receive **$50 before taxes **for 5 hours worked daily.

**Daily Part-time Pay: $10 x 5hrs. = $50**

## $10 an Hour Jobs

Job Name | Job Description | Pay Scale |
---|---|---|

Customer Service Representative | Discovering and fixing issues raised by clients and offering additional products or services to those customers. | $10 an hour to $15 per hour |

Data Entry Keyers | To accurately translate title-related information into a variety of client or company templates and databases and provide the finished result to the customer. | $10 an hour to $15 hourly wage |

Caregivers | Help with personal care, medicine administration, and offering companionship. | $10.50 to $14.50 hourly wage |

Janitor | Responsible for cleaning and maintaining establishments. | $10 an hour to $12 per hour |

Service Crew | All-around assistance in restaurants, from taking orders to serving food to billing. | $10 to $12 per hour |

## Is $10 an Hour a Good Wage?

**Although $10 an hour is greater than the Federal Minimum Wage of $7.25, it is not a livable wage in the United States. **

In addition, as of the month of July 2022, the median hourly wage in the United States is $27.57. When taking all of this information into consideration, it will be challenging to live on $10 per hour.

Your marital status, the state where you reside, and most crucially, the amount of money you spend each month are the three most important factors determining whether or not $10 an hour is a good hourly salary for you.

Now, if you are making the same and maybe thinking that $10 an hour is not enough to sustain your monthly expenses. Don’t fret! You can learn more about how to control your spending and save your money.

## Can You Live Off Of 10 Dollars an Hour?

**Even if you live by yourself in today’s world, making ends meet on an hourly wage of only $10 can be highly challenging.**

The daily expenditures of all age groups in the United States average out at $164.55 dollars. Based solely on this information, we are able to deduce that your daily pay is significantly lower than the average daily expenditure.

And with the cost of living continuing to rise, it is only getting harder for low-wage workers to make ends meet.

Even if you are paid $10 an hour, your annual salary would be just over $20,000 – well below the median household income in the United States. As a result, it can be very difficult to create a budget that covers all of your necessary expenses.

However, there are ways to make it work — For example, you need to get creative with your housing situation or make sacrifices in other areas of your budget by limiting unnecessary spending, conserving money, and setting budgets for items like your mortgage or rent, groceries, and transportation.

But ultimately, if you are paid $10 per hour, you will need to carefully consider your spending choices in order to make ends meet.

## Can You Buy a House Making 10 Dollars an Hour?

**Buying a house may be impossible if you only earn $10 an hour unless you inherit wealth/assets or have an additional source of income.**

In fact, according to the National Low Income Housing Coalition, a full-time worker must earn an hourly wage of $25.82 on average to afford a modest two-bedroom rental apartment. Along with this, you will have to have a good credit score and a stable income before you are able to apply for a mortgage.

If this is your first job and you just began earning $10 per hour, it may be impossible for you to purchase a home at this rate. However, there are still other options you can do so you can have a place you can call your home.

You might want to opt to rent an apartment first before buying your own house. No idea how much rent you can afford? Proceed here to see how much rent you can afford.

## How to Buy a House at $10 an hour?

Surprisingly, it’s still possible to buy a house for as little as $10, $12, or $14 an hour if you have inherited money or assets and know where to look. Here are a few tips to get you started:

### 1. Examine Your Monthly Budget **and Commit to Setting aside to Save for your House Down Payment.**

- Start off by looking at your current monthly expenses and identifying areas where you can cut back, such as eating out or entertainment costs.
- Then, set up a dedicated savings account and automated transfers so that you’re automatically saving each month.
- Finally, make a plan to increase your earnings by working overtime or getting a side hustle.

With some careful budgeting and a bit of extra income, you can easily reach your goal of saving for a house down payment in just a few years.

### 2. Get Pre-approved for a Mortgage Prior to house hunting.

A pre-approval will tell you exactly how much you may afford to spend on a home as well as the type of interest rate you can anticipate paying. It will also assist you in narrowing down your house search to only those properties that are within your budget.

You will be required to provide your lender with financial information such as proof of assets and income, a decent credit score, employment history, pay stubs, and other relevant documents.

### 3. Consider Other Housing Alternatives.

Buying a traditional single-family home may not be the option for you. However, you can still find other housing alternatives such as an RV, a tiny house, or a shipping container, among others!

These solutions are inexpensive and may be more practical for you and your budget.

### 4. Check for foreclosures.

Foreclosed homes are those that have been taken back by the bank after the homeowner has failed to make payments on their mortgage. These properties are generally sold at a significant discount, but they may also need extensive repairs. So, keep your eyes out for them or ask your realtor to assist you with one.

### 4. Search for Short Sales.

A short sale occurs when a homeowner owes more on their mortgage than the house is worth and the bank agrees to accept a lower payoff amount from the proceeds of the sale. These properties can be great deals, but they can also be time-consuming and complicated to purchase.

There are a number of ways to **find deeply discounted properties, including online auctions, short sales, and foreclosures**. While these properties can be a great deal, it’s important to do your homework before buying to make sure you can afford the repairs and maintenance that may be necessary.

## $10 an hour: Sample Budget Planner

With inflation rising nowadays, consumer goods, our daily necessities, have become less affordable. Because of this, keeping track of your spending and being aware of how much of your income goes toward covering your monthly costs has become increasingly crucial.

Here is an example budget per month for $10 per hour wage, assuming you work a full-time job:

Category | Budget | Percentage |
---|---|---|

Monthly Take Home Pay | $1,508 | 100% |

Savings | $226 | 15% |

Housing | $377 | 25% |

Food | $226 | 15% |

Utilities | $150 | 10% |

Transportation | $150 | 10% |

Healthcare | $75 | 5% |

Health Insurance | $150 | 10% |

Personal Expenses | $75 | 5% |

Recreation | $75 | 5% |

## Tips to live on $10 an hour

Living on a 10-dollar-an-hour salary is hard. Therefore, you have to find ways to make ends meet. Here are some suggestions that can help you make the most of your money and maintain a comfortable lifestyle:

### 1. Move to states with reduced or no tax burdens.

Taxes can significantly reduce your total income. Consider moving to income-tax-free states such as Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.

This will allow you to spend a percentage of your income that would have been spent on taxes on much more pressing necessities.

### 2. Live frugally.

Living frugally is the trick to surviving on an hourly pay of $10 an hour budget. Enjoying life is not necessarily incompatible with living frugally. Occasionally, you can still treat yourself. However, it is preferable to trade comfort today in order to avoid suffering in the future.

### 3. Earn more money.

Now that you are aware that making $10 hourly pay can be difficult, it is time to explore ways to earn $50 or more per day. There are numerous opportunities that can help you produce more wealth. Whether you prefer online or offline employment, you can absolutely discover one that suits you!

### 4. Learn a new skill.

Learning a new ability in addition to your existing set of abilities will be of great use to you, not just in terms of your personal finance but also in terms of your success. Here are some high-income skills that you may be interested to learn.

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Hey there, welcome to my blog!

I’m Swati, a mom, a personal finance enthusiast, and the owner of **TheBlissfulBudget**. My work has been featured in major publications including Fox 10, Credit Cards, Cheapism, How to Fire, Databox & Referral Rock.

I help busy budgeters like you save and make money by utilizing simple yet effective methods that can create wonders.

My Mantra: You are entitled to live the life you desire, and financial bliss should be simple to obtain–check out my blog for helpful tips on acquiring wealth easily.