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$18 An Hour is How Much a Year?   Hourly Income to Annual Salary

Are you wondering how much $18 an hour adds up to in a year? And whether it’s a wage you can live on? If you are like most people, you are asking – how much a year is $18 an hour? And can I live on it? 

It’s a question many people ask themselves, and understandably so. $18 an hour translates to approximately $36,000 to $37,440 annually if you work a standard full-time workweek of 8 hours per day, five days per week. However, this is your gross salary, and your take-home pay will be less after taxes and other deductions are taken out.

But fear not, calculating your hourly wage and annual income doesn’t have to be complicated.

In this article, we’ll take a closer look at how you can quickly and easily determine your annual income from your hourly wage. I’ll share with you an easy rule of thumb you can use to do the math quickly in your head, and we’ll also provide you with an hourly calculator that will do the exact calculations for you.

We’ll go beyond simply calculating your annual income, too. We’ll break down how much $18 an hour amounts to per day, week, bi-weekly paycheck, monthly, and annually. We’ll also discuss how taxes and other deductions can affect your take-home pay and what to consider when negotiating your hourly wage.

So, if you’re ready to take control of your finances and better understand your hourly wage, keep reading! By the end of this article, you’ll have a clear idea of how much $18 an hour is per year and what it means for your financial situation.

Hourly wage$18
$18 An Hour – Daily$144
$18 An Hour – Weekly$720
$18 An Hour – Bi-Weekly$1,440
$18 An Hour – Monthly$3,120
$18/Hour Yearly Salary$37,440

How to budget on $18 hr yearly salary? 

How to earn some extra income, and more? 

Thanks again for visiting the site – and as a former personal financial planner it is my hope to be able to help you take your personal finances to another level!

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Hourly Wages to Annual Salary – Wage Calculator


(Click Link Below If The Calculator isn’t Showing or Visit My Hourly To Salary Calculator – Usually on Mobile)


Launch the above calculator to view your hourly wage per year.

$18 Hourly Rate Is How Much Per Year? Hourly Calculator With Paid Time Off

Do you remember I gave a range of the hourly figure in the beginning of the post?  Do you know what impacts that range of pay?  The key is if you get paid time off, or not.

To explain how an hourly wage translates into an annual salary, it’s important to consider factors such as paid time off.

A full-time job that involves 40 hours per week would add up to 2,080 hours per year (52 weeks x 40 hours per week). If you have paid time off or vacation time, you would be compensated for all 2,080 hours per year.

For instance, if your hourly wage is $18, your annual salary would be $36,000 if you don’t receive paid time off and take two weeks of unpaid vacation per year.

However, if you have paid time off, you would receive compensation for your vacation time and work a full 2,080 hours per year, leading to an annual salary of $37,440.

It’s essential to remember that your gross salary, or take-home pay before taxes, would be $37,440 with an $18 per hour wage. Understanding the impact of paid time off on your hourly wage is crucial in determining your annual salary.

Quick Way To Calculate Your Annual Salary From Your Hourly 

I promised to teach you a simple trick to quickly estimate your annual salary based on your hourly wage. Are you ready for it?

All you have to do is double your hourly pay.

For instance, if you make $100 per hour, just double it to get $200. That means your approximate annual salary would be $200,000.

Using this rule of thumb, if you earn $18 an hour, doubling it would give you $36. Therefore, your estimated annual salary would be around $36,000.

It’s a quick and easy calculation, so don’t forget to double your hourly pay to estimate your annual salary.

So remember the rule of thumb to double your hourly pay to estimate your annual salary. 

Hourly Wage Calculations: $18 Hour Salary To Monthly, Weekly, Daily Wage

Calculating your pay can be tricky, but don’t worry, I’m here to help! Here’s how to calculate your daily, weekly, and bi-weekly wages based on your hourly rate.

  • For your daily wage, simply multiply your hourly salary by the number of hours you work per day. For example, if you make $18 per hour and work 8 hours a day, your daily salary would be $144.
  • To calculate your weekly pay, multiply your hourly rate by the number of hours you work per week. Assuming you work 40 hours per week at $18 per hour, you would earn $720 per week.
  • If you get paid every two weeks, your bi-weekly pay would be double your weekly pay. So, in this example, you would earn $1,440 every two weeks, or over $3,120 per month

Remember, these calculations are based on your hourly wage, so it’s important to keep track of your hours to ensure accurate pay.

Hourly wages$18
$18 An Hour – Daily$144
$18 An Hour – Weekly$720
$18 An Hour – Bi-Weekly$1,440
$18 An Hour – Monthly$3,120
$18 An Hour – Annually$37,440

Annual Salary – How To Calculate Your Yearly Salary?

How much is $18 an hour annually?  How much is $18 an hour, 40 hours a week?

Assuming you work 40 hours a week, 52 weeks a year (that’s thousands of hours), your hourly wage of $18 dollars an hour over 2,080 annual hours would amount to an annual salary of $37,440 before taxes.

$18 An Hour – Annually$37,440
Income concept

There are a few ways to determine your annual salary from your hourly wage. One option is to use an online calculator designed for this purpose. Another option is to use a simple rule of thumb and double your hourly pay. Alternatively, you can use the following formula:

  • Hourly Wage x 40 Hours Per Week = Weekly Pay
  • Pay per week multiplied by 52 Weeks in a Year = Annual Pay

Using this formula, if you work 40 hours per week and make $18 an hour, you would earn $720 per week.

Multiplying this by 52 weeks in a year, your annual income would be $37,440.

Another way to calculate your annual salary is to multiply your hourly wage by the number of hours you work in a year.

Assuming you work 40 hours per week, you would work 2,080 hours per year. If you make $18 an hour, your annual salary would be $37,440.

Remember, these calculations are based on a 40-hour workweek and do not take into account any additional factors such as overtime pay or bonuses.


Hours Worked Per Week Chart – Annual Salary Calculation

$18 an hour – 35-40 Hours

Hours Worked Per WeekHourly RateYearly Salary

How much is $18 Dollars an Hour Daily?

$18 An Hour – Daily$144

Assuming a 40-hour work week, if you make $18 an hour before taxes, your daily wage would be $144. This means that you would take home $144 every day if you worked a full 8 hours. However, not everyone will work 8 hours everyday, so your actual daily wage may be less than this.

If we assume that you work an average of 7 hours per day, your daily wage would be $126. This is still a good amount of money, but it is less than what you would make if you worked a full 8 hours.

Of course, these are just estimates. Your actual hourly wage and daily wage may be different depending on the number of hours you work, the number of days you work, and the amount of taxes you pay.

Weekly Paycheck

$18 An Hour – Weekly$720


  • $18 per hour is how much in a workweek?  If you worked five days per week as an hourly employee, 8 hours a day – you would make $720 per weekly income. Of course, $18 an hour before taxes is greater than after taxes are taken out.
  • Hourly salary times number of hours per week worked = your weekly paycheck
  • $18 per hour times 40 hours per week = $720 per weekly paycheck

Bi-weekly Paycheck

$18 An Hour – Bi-Weekly$1,440

$18 an hour is how much of a bi-weekly salary?  If your hours per week equals 40, you would use the following formula to calculate your bi-weekly paycheck:


  • Hourly salary times number of hours per week worked = your weekly paycheck.
  • If you get paid bi-weekly, you could multiply your weekly check by two.
  • Weekly paycheck times two = your bi-weekly salary
  • $18 per hour times 40 hours per week = $720 per weekly paycheck
  • $720 times two weeks equals $1,440 bi-weekly.

An alternative calculation could be your hourly wage multiplied by your biweekly hours worked.  So if you work a standard 40 hour workweek, it would look like this

$18 an hour times 80 hours bi-weekly equals $1,440 salary every two weeks.

$18 an hour is how much a month?  Just multiply your hours per month times your hourly wage multiplied by 4.2 or 4.3 (since there are more than 4 full weeks in a month).

$18 An Hour – Monthly$3,120

There are a few pros and cons to consider when it comes to being paid bi-weekly. On the plus side, having a bi-weekly paycheck can help to even out your finances a bit. You’ll know exactly when you’ll be getting paid and can budget accordingly. This can be helpful if you have irregular expenses or need to save up for something big.

However, there are a few downsides to a bi-weekly paycheck as well. For one thing, if you are paid hourly, you may end up with a slightly smaller paycheck if you work less hours one week. This can be a problem if you are relying on that income to cover your basic expenses. Additionally, if you are paid bi-weekly, you may end up getting paid less often than you would if you were paid weekly. This can be an issue if you have bills that need to be paid on a regular basis.

Paycheck: Deductions, Taxes, Retirement Accounts

There are many things to think about when it comes to your paycheck after taxes and deductions. One of the most important things to consider is your retirement. There are a few different ways that you can go about investing your paychecks for retirement. One way is to invest in your employer sponsored retirement plan such as a 401(k), 403(b) or other retirement savings plan.

$18 An Hour Is How Much A Year After Taxes?

Assuming a person works 40 hours per week, $18 an hour is $720 per week before taxes. If the federal tax bracket for someone earning $720 per week is 10%, you would owe $72 in federal taxes. 

The state tax bracket will vary depending on the state, but let’s assume it’s 5%. The person would then owe $36 in state taxes, for a total of $108 in taxes. This leaves the person with $612 per week, or $31,824 per year.


How Much Is $18 An Hour After Taxes?

$18 an hour is how much after taxes chart
Income After taxes$18 An Hour After Taxes
After Tax Income$37,400
Income Taxes$ 5,597
Annual Salary$31,843
After Tax Income$18 an Hour After Taxes
$37,400Annual income after taxes
$3,117monthly income after taxes
$1,438bi-weekly income after taxes
$719weekly income after taxes

You could simply use a state income tax calculator, that considers Federal Income taxes, State Income taxes, Social Security, and Medicare contributions.

There are just 9 States With No Income Tax.

AlaskaNew HampshireTexas
FloridaSouth DakotaWashington

List of 9 states with no income taxes

If you live in one of these states, you will not have to pay any income tax. This can potentially save you a lot of money, especially if you have a high salary.  With Federal Income Tax rates now reaching as high as 37%, you could be paying nearly 50% in combined federal income taxes and state income taxes in some states.



There are many factors to consider when discussing income. Hourly wage, hourly rate, median income levels, current income, full-time income, and living wage are all important topics when discussing income and how it is determined.

  • Hourly wage is the amount of money a person earns per hour of work. 
  • Hourly rate is the amount of money a person earns per hour of work, including tips and commissions. 
  • Median income levels are the midpoint of all incomes earned within a certain period of time, usually a year. 
  • Current income is the amount of money a person earns in a year, including bonuses and other forms of compensation. 
  • Full-time income is the amount of money a person earns while working full time, usually 40 hours a week.
  • Living wage is the hourly wage that a person needs to earn to cover their basic needs, such as housing (typically the biggest expense), food, and transportation. 
  • The level and quality education a person has can also affect their income. Salaried workers usually earn a higher income than hourly workers.

Can I Live Off $18 Per Hour?  Is $18 An Hour Good Money?

In some parts of the country, $18 an hour is considered good money. In other parts of the country, $18 an hour is considered low wage. It really depends on the cost of living index in the area where you live, and how you are with your contentment in life.

If you live in an area with a low cost of living, you may be able to live off of $18 an hour. This means you would have to find a place to live that is affordable, and you would have to be mindful of your spending habits. You would likely need to live with roommates or in a smaller space in order to cut down on housing costs .

If you live in an area with a high cost of living, it would be very difficult to live off of $18 an hour. The rent prices alone would likely eat up most, if not all, of your income. You would likely have to get creative with your living situation and make some sacrifices in order to make ends meet.

In conclusion, whether or not you can live off of$$18 an hour depends on the cost of living in your area. If you live in an area with a low cost of living, it is possible to live off of $18 an hour. If you live in an area with a high cost of living, it would be very difficult to live off of $18 an hour.

$18 An Hour Budget – How To Budget $18 An Hour

Always make sure to create a budget for the month using your monthly income. This budget includes all of your necessary expenses, as well as some room for fun and extra savings. Make sure to stay within your budget so that you can save money and avoid debt.

By doing this, you can avoid overspending and getting into debt. It is also important to have a healthy savings plan so that you can save for your future.

Assuming you make $18 an hour and would like to save money, there are a few things you can do to budget your money. One way to do this is to break down your monthly expenses and create a monthly budget. This will help you see where your money is going and where you can cut back on discretionary spending.

Below are two popular budgeting methods, the 50/30/20 budget and the 60/40 budget.  Below that is a budget range of a typical household – but based on your income!


Sample Budgets



Guideline Budget LowGuideline Budget High
Housing25% – 35%%$779$1,091
Food10% – 15%%$312$468
Insurance10% – 25%%$312$779
Transportation10% – 15%$312$468
Savings15% – 20%$468$623
Entertainment5% – 10%$156$312
Health5% – 10%$156$312
Personal Expenses5% – 10%$156$312


Debt management is the most difficult part of maintaining a monthly budget of basic living expenses and getting ahead financially.  Not only are you locked into a debt cycle of monthly payments for purchases you have made in the past, you are also paying an interest rate on top of the debt repayment.

If you are a single person, debt can be even more difficult to dig yourself out of.  It could be as simple as a student loan, car loan, mortgage loan etc.  Keep your credit utilization low, and maintain a healthy debt to income ratio.  Be sure to use our debt calculator to help with a debt management plan.

 Tips to live on $18 an hour

Assuming you work 40 hours a week, you can live on $18 an hour if you are mindful of your spending and make some adjustments to your lifestyle. Here are some tips to help you make ends meet:

  • Make a budget: Track your income and expenses so you know where your money is going. This will help you identify areas where you can cut back.
  • Live below your means: Spend less than you earn so you can save money. This may mean making some sacrifices, such as eating out less or driving a less expensive car. Don’t try to keep up with the Jones’s
  • Save money: Put some money into savings so you have a cushion for unexpected expenses. This will help you avoid going into debt if something unexpected comes up.
  • Cut costs: Look for ways to save money on your everyday expenses, such as groceries, utilities, and transportation. There are many ways to do this, so find what works best for you.
  • Earn extra money: If you can find ways to bring in additional income, this will help you reach your financial goals sooner. You may want to consider picking up a part-time job or starting a side hustle.

    By following these tips, you can live on $18 an hour without struggling to make ends meet. It may require some lifestyle changes, but it is possible to do it if you are mindful of your spending and make a budget.

    How To Earn More Money

    Assuming you work a standard 40 hour work week, $18 an hour is $37,440 annually. This is a very livable wage in most parts of the United States. However, there are always ways to make more money.

    • One option is to get a second job or start a side hustle. This can provide you with some extra spending money or help you save up for a specific savings goal, like a down payment on a decent house or a new car.
    • Another option is to take advantage of financial opportunities. This could include investing in stocks, picking up a side gig that pays well, earning freelancing income, passive income, or finding creative ways to save money.  For example, you could start a pet sitting service or a delivery service partner with a local restaurant.

    Maybe all it will take is a little left hand itching lottery luck. 

    If $37,440 a year is not enough…increase your income.  Whatever you decide to do with your extra money, remember that there are many viable options. 

    Alternative Side Jobs For Additional Income

    Several great ways to boost your current income level in your spare time:

    1. Start a pet sitting or pet walking service. This is a great option if you love animals and are looking for a flexible way to earn extra money.
    2. Become a delivery service partner with a local restaurant or grocery store. This is a great source of income if you have a reliable vehicle and are looking for a way to earn some extra cash quickly.
    3. Substitute teaching at a local school. This is a great option if you have a teaching license and are looking for a way to earn some extra money.
    4. Start an online business. This is a great source of income if you are entrepreneurial and are looking for a way to earn some extra money.
    5. Start a consulting business. This is a great option if you have expertise in a specific area and are looking for a way to earn some extra money.

    15 Popular Side Hustles To Consider To Boost Your Level Of Income

    • Freelance writing
    • Freelance editing
    • Freelance proofreading
    • Freelance graphic design
    • Freelance web design
    • Freelance social media management
    • Rideshare driving
    • Food delivery
    • Start a pet sitting business
    • Start a pet walking business
    • Start a delivery service
    • Become a substitute teacher
    • Start an online business
    • Start a consulting business
    • Start a blog

    There are many quick and easy ways to earn extra income in your spare time. 

    $18 an hour Adding time and a half pay off

    Assuming you work 40 hours a week, you would make $720 a week. If you got paid time and a half for every hour over 40, you can quickly earn a lot of extra income.

    If you worked 50 hours a week, you would make $900 a week without overtime. With overtime, you would make $990 a week with the extra hours. That’s an extra $90 a week, or over $390 a month extra.

    If you worked 60 hours a week, you would make $1,080 a week without overtime. With overtime, you would make $1,260 a week. That’s an extra $180 a week, or over $780 a month extra!

    In conclusion, working overtime can really pay off. You can make a lot of extra money if you’re willing to put in the extra hours.


    Thank you for taking the time to read this post and learning about how to calculate your salary from your hourly wage. I hope this information has been helpful in solving some of your personal finance pain points.

    Remember, whether you are trying to budget better or negotiate a higher salary, understanding how to calculate your earnings is an essential skill.

    If you found this post helpful, please consider sharing it with your friends and family who may also benefit from this information.

    Don’t forget to sign up for my newsletter below to continue receiving helpful tips and tricks for your personal finances. And if you have any questions or feedback, please leave a comment below. I would love to hear about your experiences and insights.

    Remember, taking control of your finances can seem overwhelming, but with the right tools and knowledge, you can achieve your financial goals.

    So keep learning, keep growing, and keep striving towards a brighter financial future



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    Michael Ryan
    Michael Ryanhttps://michaelryanmoney.com/
    A former stockbroker, financial planner, and owner of my own financial planning practice and then a property & casualty agency. I have since retired and decided I want to help individuals and business owners by offering personal financial coaching. And now, I have started my blog - www.michaelryanmoney.com - to bring financial literacy to everyone. In a short time I have already been quoted and featured in US News & World Report, Business Insider, Yahoo Finance, and more (https://michaelryanmoney.com/home/press/) As a financial planner, I helped people from all walks of life. If you have questions about money, I will help you find the answers at www.MichaelRyanMoney.com
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