This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
You’re probably wondering if I made $28 a year, how much do I truly make? What will that add up to over the course of the year when working? Is $28 an hour good?
Is this wage something that I can actually live on? Or do I need to find ways that I can increase my hourly wage? How much more is $28.50 an hour annually?
When you finally start earning $28 an hour, you are happy with your progress as an hourly employee. Typically, this is when many hourly employees start to become salaried workers.
In this post, we’re going to detail exactly what $28 an hour is how much a year. Also, we are going to break it down to know how much is made per month, bi-weekly, per week, and daily.
That will help you immensely with how you spend your money. Because too many times the hard-earned cash is brought home, but there is no actual plan for how to spend that money.
By taking a step ahead and making a plan for the money, you are better able to decide how you want to live, make sure that you put your money goals first, and not just living paycheck to paycheck struggling to survive.
The ultimate goal with money success is to be wise with how you spend your money.
If that is something you want too, then keep reading. You are in the right place.
$28 an Hour is How Much a Year?
When we ran all of our numbers to figure out how much is $28 per hour is as an annual salary, we used the average working day of 40 hours a week.
40 hours x 52 weeks x $28 = $58,240
$58,240 is the gross annual salary with a $28 per hour wage.
Breakdown of 28 Dollars An Hour is How Much A Year
Typically, the average workweek is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, multiple the hourly salary of $28 times 2,080 working hours, and the result is $56,160.
That number is the gross income before taxes, insurance, 401K, or anything else is taken out. Net income is how much you deposit into your bank account.
That is super close to the $60000 salary threshold, which is desired to become middle-income worker.
Work Part Time?
But you may think, oh wait, I’m only working part time. So if you’re working part time, the assumption is working 20 hours a week at $28 an hour.
Only 20 hours per week. Then, take 20 hours times 52 weeks and that equals 1,040 working hours. Then, multiple the hourly salary of $28 times 1,040 working hours and the result is $29,120.
How Much is $28 Per Month?
On average, the monthly amount would average $4,853.
Annual Amount of $58,240 ÷ 12 months = $4,853 per month
Since some months have more days and fewer days like February, you can expect months with more days to have a bigger paycheck. Also, this can be heavily influenced by how often you are paid on and on which days you get paid.
Plus by increasing your wage from $26 an hour, you average an extra $346 per month. So, yes a few more dollars an hour add up!
Work Part Time?
Only 20 hours per week. Then, the monthly amount would average $2,427.
How Much is $28 per Hour Per Week
This is a great number to know! How much do I make each week? When I roll out of bed and do my job, what can I expect to make at the end of the week?
Once again, the assumption is 40 hours worked.
40 hours x $28 = $1,120 per week.
Work Part Time?
Only 20 hours per week. Then, the weekly amount would be $560.
How Much is $28 per Hour Bi-Weekly
For this calculation, take the average weekly pay of $1,120 and double it.
$1,120 per week x 2 = $2,240
Also, the other way to calculate this is:
40 hours x 2 weeks x $28 an hour = $2,240
Work Part Time?
Only 20 hours per week. Then, the bi-weekly amount would be $1,120.
How Much is $28 Per Hour Per Day
This depends on how many hours you work in a day. For this example, we are going to use an eight-hour workday.
8 hours x $28 per hour = $224 per day.
If you work 10 hours a day for four days, then you would make $280 per day. (10 hours x $28 per hour)
Work Part Time?
Only 4 hours per day. Then, the daily amount would be $112.
$28 Per Hour is…
|$28 per Hour – Full Time||Total Income|
|Yearly Salary (52 weeks)||$58.240|
|Yearly Wage (50 weeks)||$56,000|
|Monthly Salary (173 hours)||$4,853|
|Weekly Wage (40 Hours)||$1,120|
|Bi-Weekly Wage (80 Hours)||$2,240|
|Daily Wage (8 Hours)||$224|
|Net Estimated Monthly Income||$3,705|
Paid Time Off Earning 28 Dollars an Hour
Does your employer offer paid time off?
As an hourly employee, you may or may not get paid time off.
So, here are the scenarios for both cases.
For general purposes, we are going to assume you work 40 hours per week over the course of the year.
Case # 1 – With Paid Time Off
Most hourly employees, get two weeks of paid time off which is equivalent to 2 weeks of paid time off.
In this case, you would make $58,240 per year.
This is the same as the example above for an annual salary making $28 per hour.
Case #2 – No Paid Time Off
Unfortunately, not all employers offer paid time off to their hourly employees. While that is unfortunate, it is best to plan for less income.
Life happens. There will be times you need to take time off for numerous reasons – sick time, handling an emergency, or even vacation.
So, let’s assume you take 2 weeks off without paid time off.
That means you would only work 50 weeks of the year instead of all 52 weeks. Take 40 hours times 50 weeks and that equals 2,000 working hours. Then, multiple the hourly salary of $28 times 2,000 working hours, and the result is $56,000.
40 hours x 50 weeks x $28 = $56,000
You would average $224 per working day and nothing when you don’t work.
$28 an Hour is How Much a year After Taxes
Let’s be honest… Taxes can take up a big chunk of your paycheck. Thus, you need to know how taxes can affect your hourly wage.
Also, every single person’s tax situation is different.
On the basic level, let’s assume a 12% federal tax rate and a 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.
Gross Annual Salary: $58,240
- Federal Taxes of 12%: $6,989
- State Taxes of 4%: $2,330
- Social Security and Medicare of 7.65%: $4,455
$28 an Hour per Year after Taxes: $44,466
This would be your net annual salary after taxes.
To turn that back into an hourly wage, the assumption is working 2,080 hours.
$44,466 ÷ 2,080 hours = $21.38 per hour
After estimated taxes and FICA, you are netting $21.38 an hour. That is $6.62 an hour less than what you thought you were paid.
This is a very highlighted example and can vary greatly depending on your personal situation. Therefore, here is a great tool to help you figure out how much your net paycheck would be.
Plus budgeting on a just over $21 an hour wage is much different.
$28 an Hour Salary Calculator
Now, you get to figure out how much you make based on your hours worked or if you make a wage between $28.01-28.99.
This is super helpful if you make $28.13 or $28.85.
$28 an Hour Budget – Example
You are probably wondering can I live on my own making 28 dollars an hour? How much rent or mortgage payment can you afford on 28 an hour?
Using our Cents Plan Formula, this is the best-case scenario on how to budget your $28 per hour paycheck.
When using these percentages, it is best to use net income because taxes must be paid.
In this example, above we calculated $28 an hour was $21.38 after taxes. That would average $3705 per month.
According to the Cents Plan Formula, here is the high-level view of a $28 per hour budget:
- Basic Expenses of 50% = $1853
- Save Money of 20% = $741
- Give Money of 10% = $371
- Fun Spending of 20% = $741
- Debt of 0% = $0
Obviously, that is not doable for everyone. Even though you would expect your money to go further when you are making double the minimum wage. So, you have to be strategic on ways to decrease your basic expenses and debt. Then, it will allow you more money to save and fun spending.
To further break down an example budget of $28 per hour, then using the ideal household percentages is extremely helpful.
recommended budget percentages based on $28 per hour wage:
|Category||Ideal Percentages||Sample Monthly Budget|
|Recreation / Entertainment||3-8%||$121|
|Debts||0% – Goal||$0|
|Government Tax (including Income Tatumx, Social Security & Medicare)||15-25%||$1,148|
|Total Gross Income||$4,853|
Can I Live off $28 Per Hour?
At this $28 hourly wage, you are more than likely double the minimum wage. Things should be easy to live off this $28 hourly salary.
However, it is still slightly below the median income of over $60,000 salary. That means it can still be a tough situation.
Is it doable? Absolutely.
In fact, $28 an hour is higher than the median hourly wage of $19.33 (source). That seems backward, but typically salaried workers earn more per hour than hourly workers.
Can you truly live off $28 an hour annually?
You just have to have the desire to spend less than your income. Plus consistently save.
If you are constantly struggling to keep up with bills and expenses, then you need to break that constant cycle. It is possible to be smart with money.
You need to do is change your money mindset.
This is what you say to yourself… Okay, I have aspirations and goals to increase how much I make. This is the time to start diversifying my income into multiple streams and start investing. I am going to stretch my 28 dollars per hour.
In the next section, we will dig into ways to increase your income, but for now, is it possible to live on $28 an hour.
Yes, you can do it, and as you can see that it is possible with the sample budget of $28 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. Move to a lower cost of living area where rent is cheaper.
Also, you must evaluate your “fun spending” items. Many of those expenses are not mandatory and will break your budget. You can find plenty of free things to do without spending money.
5 Ways to Increase Your Hourly Wage
This right here is the most important section of this post.
You need to figure out ways to increase your hourly income because I’m going to tell you…you deserve more. You do a good job and your value is higher than what your employers pay you.
Even an increase of 50 cents to $28.50 will add up over the year. Even better $29 an hour!
1. Ask for a Raise
The first thing to do is ask for a raise. Walk right in and ask for a raise because you never know what the answer will be until you ask.
If you want the best tips on how specifically to ask for a raise and what the average wage is for somebody doing your job, then check out this book. In this book, the author gives you the exact way to increase your income. The purchase is worth it or go down to the library and check that book out.
2. Look for A New Job
Another way to increase your hourly wage is to look for a new job. Maybe a completely new industry.
It might be a total change for you, but many times, if you want to change your financial situation, then that starts with a career change. Maybe you’re stressed out at work. Making $28 an hour is too much for you and you’re not able to enjoy life, maybe changing jobs and finding another job may increase your pay, but it will also increase your quality of life.
Start looking at these low stress jobs in retirement.
3. Find a New Career
Because of student loans, too many employees feel like they are stuck in the career field they chose. They feel sucked into the job that they don’t like or have the potential they thought it would.
For many years, I was in the same situation until I decided to do a complete career change. I am glad I did. I have the flexibility that I needed in my life to do what I wanted when I needed to do it. Plus I am able to enjoy my entrepreneurial spirit.
4. Find Alternative Ways to Make Money
In today’s society, you need to find ways to make more money. Period.
There is no way to get around it. You need to find additional income outside a traditional nine to five position or typical 40 hour a week job. You will reach a point where you are maxed on what you can make in your current position or title. There may be some advancement to move forward, but in many cases, there just is not much room for growth.
So, you need to find a side hustle – another way to make money.
Do something that you enjoy, turn your hobby into a way to make money, turn something that you naturally do, and help others into a service business. In today’s society, the sky is the limit on how you can earn a freelancing income.
Must Read: 20 Genius Ways on How to Make Money Fast
5. Earn Passive Income
The last way to increase your hourly wage is to start earning passive income.
This can be from a variety of ways including the stock market, real estate, online courses, book sales, etc. This is where the differentiation of struggling financially to becoming financially sound.
By earning money passively, you are able to do the things that you enjoy doing and not be loaded down, with having a job that you need to work, and a place that you have to go to. And you still make money doing nothing.
Here is an example:
You can start a brokerage account and start trading stocks for $50. You need to learn and take the one and only investing class I recommend. Learn how the market works, watch videos, and practice in a simulator before you start using your own money.
One gentleman started with $5,000 in his trading account and now has well over $36,000 in a year. Just from practice and being consistent, he has learned that passive income is the way for him to increase his income and also not be a slave to his job.
Tips to Live on $28 an Hour
In this last section, grasp these tips on how to live on a $28 an hour or above $55k yearly salary. On our site, you can find lots of money saving tips to help stretch your income further.
Here are the most important tips to live on $28 an hour. More importantly stretch how much you make, in case you are in the “I don’t want to work anymore” mindset. Highlight these!
1. Spend Less Than you Make
First, you must learn to spend less than you make.
If not you will be caught in the debt cycle and that is not where you want to be. You will be consistently living paycheck to paycheck.
In order to break that dreadful cycle, it means your expenses must be less than your income.
And when I say income, it’s not the $28 an hour. As we talked about earlier in the post, there are taxes. The amount of taxes taken out of your paycheck is called your net income which is your home $28 an hour minus all the taxes, FICA, social security, and medicare are taken out. That is your net income.
So, your net income has to be less than your net income.
2. Living Below Your Means
You need to be happy. And living on less can actually make you happier. Studies prove that less is better.
Finding contentment in life is one thing that is a struggle for most.
We are driven to want the new shiny toy, the thing next door, the stuff your friend or family member got. Our society has trained you that you need these things as well.
Have you ever taken a step back and looked at what you really need?
Once you are able to find contentment with life, then you are going to be set for the long term with your finances.
Here is our story on owning less stuff. We have been happier since.
3. Make Saving Money Fun
You need to make saving money fun. If you’re good, since you must keep your expenses low, you have to find ways to make your savings fun!
- It could be participating in a no spend challenge for the month.
- Participate in the 30 day money challenge.
- Start to save 5000 in a year.
- Whatever it is challenge yourself.
Find new ways of saving money and have fun with it.
Even better, get your family and kids involved in the challenge to save money. Tell them the reason why you are saving money and this is what you are doing.
Here are 101 things to do with no money. Free activities without costing you a dime. That is an amazing resource for you and you will never be bored.
And you will learn a lot of things in life you can do for free. Personally, some of the best ones are getting outside and enjoying some fresh air.
4. Make More Money
If you want if you do not settle for less, then find ways to make more money. If you want more out of life, then increase your income.
You need to be an advocate for yourself.
Find ways to make more money.
It could be a side hustle, a second job, asking for a raise, going to school to change careers, or picking up extra hours.
Whatever path you take, that’s fine. Just find ways to make more money. Period.
5. No State Taxes
Paying taxes is one option to increase what you take home in each paycheck.
These are the states that don’t pay state income taxes on wages:
- New Hampshire
- South Dakota
It is very interesting if you take into account the amount of state taxes paid compared to a state with income taxes.
Also, if you live in one of the higher taxed states, then you may want to reconsider moving to a lower cost of living area. The higher taxes income tax states include California, Hawaii, New Jersey, Oregon, Minnesota, the District of Columbia, New York, Vermont, Iowa, and Wisconsin. These states tax income somewhere between 7.65% – 13.3%.
6. Stick to a Budget
You need to learn how to start a budget. We have tons budgeting resources for you.
While creating a budget is great, you need to learn how to use one.
You do not have to budget down to every last penny.
You need to make sure your expenses are less than your income and you are creating sinking funds for those irregular expenses.
- Biweekly Budget Template: How To Create A Biweekly Budget
- How to Make a Budget Binder to Motivate Your Financial Goals
7. Pay Off Debt Quickly
The amount that you pay interest on debt is absolutely absurd.
Unfortunately, that is how many of these companies make their money is from the interest you pay on debt.
If you are paying 5% to even 20-21% or higher, you need to find ways to lower that debt quickly.
Here’s a debt calculator to help you. Figure out your debt-free date.
Make that paying off debt fast is your target and main focus. I can tell you from personal experience, that it was not until week paid off our debt that we finally rounded the corner financially. Once our debt was paid off, we could finally be able to save money. Set money aside in separate bank accounts and pay for cash for things.
It took us working hard to pay off debt. We needed persistence and patience while we had setbacks in our debt-free journey.
Jobs that Pay $28 an Hour
You can find jobs that pay $28 per hour. Polish up that resume, cover letter, and interview skills.
Job Search Hint: Always send a written follow-up thank you note for your interview. That will help you get noticed and remembered.
First, look at the cities that require a minimum wage in their cities. That is the best place to start to find jobs that are going to pay higher than the federal minimum wage rate. Many of the cities are moving towards this model so, target and look for jobs in those areas.
- Virtual Assistant – Get free training NOW!
- Freelance writer
- Class A Truck Driver
- Entry Level Marketing Jobs
- Data Entry Clerks
- Customer service managers
- Bank tellers
- Maintenance workers
- Freight broker – Learn how easy it is to start!
- Administrative assistants
- Athletic Trainers
- Event Planners
- Day trader
- Security guard
- Warehouse workers
- Companies that pay more than $28 per hour: Wells Fargo, Disney World, Disney Land, Bank of America, Cigna, Aetna, etc
$28 Per Hour Annual Salary
In this post, we detailed 28 an hour is how much a year. Plus all of the variables that can impact your net income. This is something that you can live off.
How much is 28 dollars an hour annually…
Use the sample budget as a starting point with your expenses.
You will have to be savvy and wise with your hard-earned income. But, with a plan, anything is possible!
Still thinking I don’t want to work anymore, you aren’t alone and need to start to plan for your early retirement.
Learn exactly how much do I make per year…