$18 an hour is how much a year 2022 (Is it feasible to live on it?)

$18 an hour is how much a year? Find out if you can live off of $18 an hour by money multiplying (calculating) your annual, monthly, and weekly salary (before and after taxes). Around 63 million U.S. jobs pay in the $10-$20 hourly range, the most common wage bracket in the country. The landscape is dominated by retail, hospitality, and contract-based work, but remote freelance work is on the rise.

Additionally, we provide answers to the question, “Am I able to live off $18 an hour? Here are the top jobs that pay 18 dollars an hour without a degree! We even include a sample budgeting so you can get started. You might want to convert your hourly rate to a yearly salary for a number of reasons, regardless of your occupation. You might be negotiating your salary, requesting a raise, searching for a new job, claiming benefits, or figuring out how much you can save money

(22 BEST APPS FOR SAVING MONEY IN 2022). You can do a simple calculation or use an online converter. For those of you who earn $18 an hour, we’ll do the hard work.

$18 an hour is how much money in a year

An hourly wage of 18 dollars is $37,440 a year. These are the steps we took to arrive at this number:

  • Work 40 hours per week multiplied by 52 (the number of weeks in a year) equals 2,080 hours per year.
  • To arrive at $37,440, multiply the total hours worked per year (2,080) by $18. This amount is your taxable income.
  • An hourly salary is calculated by multiplying. 
  • For $18 an hour, you work 40 hours a week. In total, 2,080 hours are worked through the year based on the number of weeks in a year. Before taxes and deductions, $18 an hour equates to $37,440 annually.
  • $14 an hour is how much a year? You would earn $27,300 per year if you earned $14 per hour. 

Working full-time

According to American law, anyone who works between 30 and 40 hours per week is considered a full-time employee. Above, we have multiplied a 40-hour workweek by 52 weeks a year to come up with our calculations.

If you work 30 hours per week at $18 an hour, you will earn $28,080 per year. Work in a year is 1,560 hours if 30 hours are worked per week for 52 weeks. Multiply 1,560 by $18 an hour, and you get $28,080.

Working part-time

A part-time employee typically works between 20 and 29 hours per week. You can earn $23,400 a year before taxes if you work 24 hours how much a year(week) at $18 an hour.

What are 18 dollars an hour after taxes and calculate your income?

You will pay 15.1% of your income in federal taxes, social security, and Medicare if you make $37,440 a year. Those who live in states that collect income taxes will pay even more.

Considering these figures, you’d earn about $31,769 a year if you work full-time (40 hours a week) and about $20,473 if you work part-time (25 hours a week).

After taxes, if you make $18 per Hour, your annual salary would be around $31,788 based on the 2021 Federal income tax tables. You could end up paying more in income tax if you work a lot of overtime. In order to make an accurate calculation, you need to understand the U.S. tax system and take the tax rates for the state where you reside into account.

Despite the fact that there are several legal ways to reduce your income tax burden, tax evasion is a federal offense that carries hefty penalties.

Is it possible to live off of $18 an hour?

In 2019, the median household income in the United States was $35,977, according to the U.S. Census Bureau. Therefore, if you make $37,440 (or more) a year, you are just above average (in terms of American earnings). For a single person, a full-time job making $18 an hour will put you well above poverty guidelines ($12,750 a year).

We are living in a city with a high cost of living index.

In my experience, if you are single and live in an area with a low cost of living, you can live quite comfortably on $18 an hour.

Is it possible to buy a house for $18 an hour or not?

“can you buy a house when you are making $18 an hour” depends on many factors?

For example, if you:

Have a debt-to-income ratio <43%
Live in a low-cost living area
Have a healthy savings account
Know how to budget

If you earn $37,400 a year, you can afford to buy a modest home.

However, if you:

Working less than full-timeHaving a debt-to-income ratio >43%
Struggle to live on a budget
due to the high cost of living in your city

Tips for living on $18 an hour

My cousin, who lives in a big (expensive) city, makes a good living at $15 an hour. Here’s 

  • He only has a small student loan (no other debt).
  • Keeping his food costs low is his priority
  • He lives with a roommate
  • He budgets his money wisely and is frugal, so he lives on less than he makes
  • Making more money

    Jobs that earn $18 an hour

    Many positions earning $18 an hour do not require previous experience or education, but a high school diploma is required.

    Job Average pay (per Hour) What they do
    Worker in animal control $18.07 Manages abandoned, dangerous, or unattended animals
    Installing and repairing audiovisual equipment $18.99 Provide installation, repair, or adjustment of audio and other electronic entertainment equipment at homes or other venues
    Camera Repair Technician $18.69 Repair and adjust computers and cameras, including cameras used in motion pictures and commercial video
    Setter of crushing, grinding, and polishing machines $18.06 Setting up, operating, and repairing crushing, grinding, and polishing machines
    Workers in healthcare support $18.49 Physical therapy assistants, nursing assistants, and home health aides
    Quality Control Inspector $18.82 Check products and materials for defects
    Worker in general maintenance and repair $18.79 Maintain and repair machines, mechanical equipment, and buildings

    Sample budget for $18 an hour

    As an example of a budget for someone who earns $2,647 per month after taxes using a 70/20/10 budget (70% of income set aside for monthly expenses, 20% for retirement & savings, and 10% for debt repayment):

    Expense Amount
    Rental/Mortgage $950
    Utility services $150
    Contributions to charity $100
    Using transportation $225
    Repayment of Debt $264.70
    Savings, Long-Term and Short-Term $529.40
    The entertainment industry $127.90
    Grocery Shopping $300

    What does $18 an hour per day mean?

    Before taxes, 18 dollars an hour times 8 hours equals $144  Including taxes, You will take home approximately $79 a day after taxes if you work 5 hours a day at 18 dollars an hour.

    $18 an hour is how much money bi-weekly?

    Before taxes, 18 dollars an hour (@40 hours a week) equals $1440 every two weeks. After taxes, this works out to around $1,324 biweekly. Working 25 hours per week and earning $18 an hour, you’ll take home $853 every two weeks.

    What are 18 dollars an hour money per month?

    You will earn $3120 per month if you work 40 hours a week at $18 an hour. Earning $18 an hour and working 40 hours a week will net you $2,647. Working 25 hours a week at $18 an hour, you will make $1,950 a month and take home about $1,706 (net).

    Would you take a job for this amount or not?

    There are a few things to consider before accepting a job like this. Make sure you think it through before accepting the job. Here are some things to consider before starting the job.

    Have you started a side business or another source of income and made money fast?

    • If you live in a good place, you may be able to pay your bills with this salary.
    • Perhaps you can make it if you live somewhere reasonably priced with reasonable rent prices.
    • However, if you want to earn extra money, you should decide whether you will have a side hustle or zero investment business ideas. Locations do not cost the same everywhere.
    • You may also be able to make this work if your partner or spouse works and has a job. 
    • You will have some extra money for savings and spending if you have a side hustle or income, so this job should be easier to accept.
    • You can earn extra money by starting a side hustle for men. It’s a smart investment. 
    • Anything that can generate extra income is helpful. 
    • Another source of income may give you the opportunity to accept a job that is an excellent opportunity, even if the pay isn’t perfect, to begin with.

    This is your first job?

    Depending on your experience level, an hourly salary of $18 can be a good amount. $18 an hour is not a bad starting salary if this is your first job or you’re fresh out of college. Depending on the position and your experience level, you may be able to accept this salary and work your way up to higher salaries.

    In addition, your first job isn’t likely to bring you great earnings. Experience is more important. However, here’s some advice: don’t stay at this pay rate for too long. In a year or so, you should start asking for a raise or start looking for a job that pays a bit more if more money isn’t possible.

    In addition to the benefits and networking opportunities, what else is it offering?

    What makes the job attractive besides the salary?

    For example,

    • What kind of work is it, and will it give you the experience you need? 
    • You may find better opportunities for jobs in the future if you work at this company for a year.
    • Perhaps you will gain benefits from it, or you will network with people in your field. The added benefits may be enough to convince you to accept the job.
    • A company that offers to help out with insurance can be a huge motivator to work there if you are paying for it on your own. 
    • It is also likely to help you later on when you want to advance in your career to be around the right people.
    • From being around other professionals who work a job that you would like to one day hold, you will probably learn a great deal. 
    • By networking, you can gain more experience and learn from them.

    What are your expenses its very important? 

    The question of whether you can afford this job is another consideration. If the salary doesn’t cover your bills, you may need to reevaluate whether or not it’s worth it. List all of your bills and expenses and make sure they are less than the amount you make after taxes before accepting a job for this amount.

    In general, you can do this as long as you have fewer expenses than your salary. Still, if you have a better job offer or the amount won’t cover your bills, I wouldn’t consider working for this salary.

    How to Budget With This Income

    Here are some tips to help you create a budget.

    1. First, expenses and non-negotiables

    Make a list of all your expenses and non-negotiable costs prior to budgeting. Even things like insurance and health bills that aren’t due every month go on your list. You can move forward once you have a clear picture of what your expenses are. 

    2. Savings and retirement

    With this salary, check to see if any money is left over after expenses. The ideal situation is to accept this amount and still have some money left after paying your bills to save and invest in retirement. Try to save as much money as you can, even if it is only a few hundred. Your employer may also offer you the opportunity to contribute to your 401k plan.

    Saving for retirement is easy with a 401(k), and some employers offer employee matching, which is money available to use when you retire that you do not have to repay. If your employer offers employee matching, take advantage of this.

    3. A small amount of use in fun money

    If you find something you want to buy, you will need some cash and a little coffee money. If you want to purchase something significant, consider making a savings fund for it. Try to set aside a little bit every week for small, fun things if you want to purchase something significant.

    However, spending money shouldn’t be too extravagant because the salary is not very high. Keeping all spending under control and planning your budget in advance will help you avoid covering high unnecessary costs. 

    $18 an hour is how much a year
    $18 an hour a good wages

    4. Reduce expenses and costs and make a good budget

    • Look for cost-saving measures that won’t significantly affect your lifestyle. Consider lowering your expenses since $18 an hour isn’t much for most lifestyles.
    • Cancel anything you are paying for, including T.V. streaming services or subscriptions you don’t use. Additionally, try using coupons to save money at the grocery store, lower your electricity bill, and lower your internet costs.
    • Ask yourself where you can reduce costs without noticing much of a difference in the budget. As long as your expenses are reasonable, you can usually live off of this amount. The downside is that there will not be much left over for savings, retirement, travel, or fun.
    • Even if you choose to start off with this salary, it is best to keep looking for other opportunities and not to stay at this amount for very long. In your career, keep learning and gaining experience. 

    The Tools You Need to Make $18 an Hour Work.

    A salary of $18 per hour is quite impressive. Saving, investing, and making more than this amount is even more impressive. Too much financial preparation is never a good thing. However, many people think personal finance is much more complicated than it actually is when they hear the term. It’s easy to have a better financial future today than it was yesterday with these cashback tools. This holds true regardless of your experience level with personal finance. The following tools can help you survive on $18 an hour.

    1. Times club

    Times club USA is giving $20 per referral. You can refer up to 50 people and get up to $1,000 rewards. Rewards automatically will be added to your Times club account, and you can en-cash any time.  Times Club is now giving a $20 sign-up bonus and a $20 referral bonus. Earn $100 for 5 successful referrals on Times Club Plus and a $100 extra bonus for completing 5 referrals. 

    2. RebatesMe

    RebatesMe Signup Bonus | Get $30 & $10 for Referrals (Unlimited).Do you earn money while shopping? Yes, you can earn cashback in online shopping from your favorite stores through RebatesMe. You will also earn a $30 Rebatesme signup bonus if you subscribe today.

    Can you live on $18 an hour?

    Your current income can be determined by the following factors:

  • Your family’s number of dependents
  • as well as the cost of living in your state
  • Transportation costs
  • Lifestyle factors include where you shop, how often you eat out, etc.
  • Loan repayments
  • Savings
  • Considering all these factors, $18 might be sufficient for some and meager for others. For example, if you have to pay an installment for your personal or student loans every month, you will have to reduce the amount you can use at home. A fraction of your money would be necessary to set aside for dining out if you eat out frequently. You might not be able to live on $18 an hour if you have all these responsibilities. A modest lifestyle and living alone may allow you to live fairly comfortably on $18 an hour.

    Tips for living on $18 an hour.

    $18 an hour might not be enough for you, depending on your circumstances. If you alter your lifestyle or take some steps, you can make it work. 

    3 Things You Can Do Now:

    1. Make sure you stay within your budget. People often make the mistake of deviating from their budget, which becomes a habit. Don’t fall into this trap. You don’t have to eat out an extra night because you’ve saved 5% of your basic expenses in a given month. 
    2. Side hustles are helpful. While working a full-time job, it is not always possible to start a side business. In any case, you can always look for passive income opportunities that are less time-consuming.
    3. Be on the lookout for discounts. Shopping smart is important whether you are buying groceries, clothes, or anything else.

    How many working days will there be in 2022?

    • You can also count the number of working days this year if you want to be even more precise. 2022 begins on a Saturday (January 1, 2022) and ends on a Saturday (December 31, 2022). There are 365 days in a year, including weekdays and weekends.
    • There are 105 weekend days (every Saturday and Sunday) and 260 weekdays (Monday through Friday) in a year.
    • Therefore, if you worked a normal 8-hour day every weekday and didn’t work overtime on weekends, you would have worked 2,080 hours in 2022. You can then convert your hourly pay into a yearly salary of around $37,440.
    • Companies often give their employees time off for various holidays, which should be considered when calculating.
    • If your company switched from hourly pay to salary, you might get paid $37,440 per year, but you wouldn’t have to work 2,080 hours since there would be some holidays. Your income wouldn’t necessarily change, but you might work fewer hours over the course of the year.


    Many jobs paying $18 an hour don’t require a college degree and are in high-growth industries, such as manufacturing, health care, and technical fields. Training or additional education can often lead to advancement in these jobs.


    How much do I make money each day?

    Your daily rate can be found by taking your hourly wage and multiplying it by 8. For example, earning 18 dollars per hour is equivalent to earning $144 per day.

    What about money each week?

    You would earn $720 per week if you worked 40 hours a week.

    Is it possible for me to make money in a month?

    If you consider the average month to be four weeks, then you can estimate the average monthly earnings to be 2,880 dollars per month at 18 dollars an hour. These are just rough averages since some months will be longer than others. You can also estimate your monthly income by dividing your annual salary by 12 months. You would have an average monthly cost of $3,120 if you calculated the yearly total to be $37,440 per year.

    What is 18 dollars an hour per week?

    At 18 dollars an hour, 40 hours per week is $720 (before taxes) and around $611 after taxes.
    Working 25 hours a week (part-time) at 18 dollars per Hour will earn you $450 a week (before taxes) and about $394 after taxes.

    The hourly wage of 18 dollars equates to how much per week?

    How much is $18 an hour bi-weekly? You will earn $1,440 every two weeks if you work 40 hours a week.
    Assuming you work 40 hours per week, all calculations above are based on that assumption. If you work 25 hours a week at $18, you’ll earn $1,950 a month and take home about $1,708 after taxes. When you’re looking to raise your salary, you should calculate your new total annual income and then convert it per Hour to an annual salary.