Hello! If you’ve just started a job that pays $17 an hour, you might be wondering how much money you’ll make in a year. As someone who has helped many people understand their finances, I’m here to explain it in simple terms.

If you are like most people, you are asking – $17 an hour is how much a year?

The quick answer? $17 hourly is roughly $34,000 to $35,360 annually – if you work a standard full-time workweek of 8 hours per day, five days per week. This is your gross salary, income before taxes & other deductions are taken out.

This is your gross salary, income before taxes, and other deductions are taken out.

Be sure to play with our salary calculator below, or ask our chat bot any questions you have.

RELATED READING:

• Free Annual Salary to Hourly Calculator 
• Calculator – How To Calculate Annual Income? 
• Pay Raise Calculator

Basic Math: Your Yearly Pay

Let’s start with some simple math:

• Most full-time jobs in the USA are about 40 hours a week
• There are 52 weeks in a year
• Your hourly pay is $17

So, here’s how we calculate it:
$17/hour × 40 hours/week × 52 weeks = $35,360 per year

This means if you work full-time at $17 an hour, you could earn $35,360 in a year before taxes and other deductions.

How Much Is $17 An Hour After Taxes?

Important Things to Know

1. Taxes: The government will take some of this money for taxes. How much depends on where you live and other factors. The Internal Revenue Service (IRS) handles taxes in the US.
2. Time Off: If you get paid vacation days, great! But if you take unpaid days off, you might earn less than $35,360.
3. Overtime: If you work more than 40 hours in a week, you might get paid extra. Usually, it’s 1.5 times your normal pay ($25.50 per hour in this case).

What Does This Mean for You?

Let’s break it down:

1. Monthly Pay: Before taxes, you’d make about $2,947 per month ($35,360 ÷ 12 months).
2. Paychecks: If you get paid every two weeks, each paycheck would be about $1,360 before taxes.
3. Living Costs: $35,360 a year might be tight in many places, especially big cities. The Bureau of Labor Statistics (BLS) has information about living costs in different areas.

Tips to Make the Most of Your Money

1. Make a Budget: This is super important! Write down how much you earn and what you need to spend money on. Free apps like Mint can help you track your spending.
2. Save Some Money: Try to save a little bit from each paycheck, even if it’s just $10 or $20. It adds up over time!
3. Emergency Fund: Aim to save enough to cover 1-3 months of expenses, just in case. Start small – even $300 saved up can help in an emergency.
4. Learn New Skills: Look for free classes or training at work or online. This can help you earn more money in the future. Your local library might offer free courses!
5. Be Smart with Credit: If you use a credit card, try to pay it off each month to avoid high-interest charges. Credit card debt can be very expensive.
6. Look for Better Opportunities: While working, keep an eye out for jobs that might pay more or offer better benefits.
7. Consider a Side Hustle: If possible, think about ways to earn extra money on the side, like dog walking, tutoring, or selling items online.

Conclusion

$17 an hour means you could earn about $35,360 in a year of full-time work. Remember, this is before taxes and other deductions. It’s really important to budget your money carefully and save what you can.

While $17 an hour might not seem like a lot, it’s a starting point. Many successful people started at this pay level or even lower. The key is to manage your money well, keep learning new skills, and look for opportunities to increase your income over time.

Do you have questions about handling your money? Feel free to ask in the comments. Remember, every financial journey starts with small steps. Good luck with your job!

• Sharing the article with your friends on social media – and like and follow us there as well.
• Sign up for the FREE personal finance newsletter, and never miss anything again.
• Take a look around the site for other articles that you may enjoy.

Note: The content provided in this article is for informational purposes only and should not be considered as financial or legal advice. Consult with a professional advisor or accountant for personalized guidance.