$28000 a Year is How Much an Hour? Can I Survive on This?

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28k salary is below an entry-level salary and just above most minimum hourly wage jobs.

For most people, an entry-level job would be paying just over $40,153 per year (source). Thus, you are closer to the poverty level with your $28k a year salary.

The median household income is $70,784 in 2021 and increased with hot inflation over the past couple of years (source). Think of it as a bell curve with $71K at the top; the median means half of the population makes less than that and half makes more money.

The average income in the U.S. is $55,640 for a 40-hour workweek; that is an increase of 6.9% from the previous year (source). That means if you take everyone’s income and divided the money evenly between all of the people.

But, the question remains can you truly live off 28000 per year in today’s society since it is well below both the average and median household incomes? The question you want to ask all of your friends is $28000 per year a good salary.

In this post, we are going to dive into everything that you need to know about a $28000 salary including hourly pay and a sample budget on how to spend and save your money.

These key facts will help you with money management and learn how much per hour $28k is as well as what you make per month, weekly, and biweekly.

Just like with any paycheck, it seems like money quickly goes out of your account to cover all of your bills and expenses, and you are left with a very small amount remaining. You may be disappointed that you were not able to reach your financial goals and you are left wondering…

Can I make a living on this salary?

$28000 a year is how much an hour? Learn how much your 28k salary is hourly. Plus find a 28000 salary budget to live the lifestyle you want.

$28000 a year is How Much an Hour?

When jumping from an hourly job to a salary for the first time, it is helpful to know how much is 28k a year hourly. That way you can decide whether or not the job is worthwhile for you.

28000 salary / 2080 hours = $13.46 per hour

$28000 a year is $13.46 per hour

Let’s breakdown how that 28000 salary to hourly number is calculated.

For our calculations to figure out how much is 28K salary hourly, we used the average five working days of 40 hours a week.

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, divide the yearly salary of $28000 by 2,080 working hours and the result is $13.46 per hour.

Between $13 an hour and $14 an hour.

That number is the gross hourly income before taxes, insurance, 401K, or anything else is taken out. Net income is how much you deposit into your bank account.

You must check with your employer on how they plan to pay you. For those on salary, typically companies pay on a monthly, semi-monthly, biweekly, or weekly basis.

What If I Increased My Salary?

Just an interesting note… if you were to increase your annual salary by $5K to $33K per year, it would increase your hourly wage to almost $16 an hour – a difference of $2.41 per hour.

To break it down – 33k a year is how much an hour = $15.87

That difference will help you fund your savings account; remember every dollar adds up.

How Much is $28K salary Per Month?

On average, the monthly amount would be $2,333.

Annual Salary of $28000 ÷ 12 months = $2333 per month

This is how much you make a month if you get paid 28000 a year.

$28k a year is how much a 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 of a $28k salary a year, how much can I expect to make at the end of the week for my effort?

Once again, the assumption is 40 hours worked.

Annual Salary of $28000/52 weeks = $538 per week.

$28000 a year is how much biweekly?

For this calculation, take the average weekly pay of $538 and double it.

$538 per week x 2 = $1076

Also, the other way to calculate this is:

Annual Salary of $28000 / 26 weeks = $1076 biweekly.

How Much Is $28K Salary 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 52 weeks = 260 working days

Annual Salary of $28000 / 260 working days = $108 per day

If you work a 10 hour day on 208 days throughout the year, you make $135 per day.

$28000 Salary is…

$28000 – Full Time Total Income
Yearly Salary (52 weeks)$28,000
Monthly Salary$2,333
Weekly Wage (40 Hours)$538
Bi-Weekly Salary (80 Hours)$1076
Daily Wage (8 Hours)$108
Daily Wage (10 Hours)$135
Hourly Wage$13.46
Net Estimated Monthly Income $1781
Net Estimated Hourly Income$10.28
**These are assumptions based on simple scenarios.

28k a year is how much an hour after taxes

Picture of figuring out 28k a year is how much an hour after taxes.

Income taxes is one of the biggest culprits of reducing your take-home pay as well as FICA and Social Security. This is a true fact across the board with an all salary range up to $160,200.

When you make below the average household income, the amount of taxes taken out hurts your hourly wage.

Every single 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%.

So, how much an hour is 28000 a year after taxes?

Gross Annual Salary: $28,000

  • Federal Taxes of 12%: $3360
  • State Taxes of 4%: $1,120
  • Social Security and Medicare of 7.65%: $2,142

$28k Per Year After Taxes is $21,378

This would be your net annual salary after taxes.

Hourly Wage after Taxes

To turn that back into an hourly wage, the assumption is working 2,080 hours.

$21378 ÷ 2,080 hours = $10.28 per hour

After estimated taxes and FICA, you are netting $21,378 per year, which is $6,622 per year less than what you expect.

***This is a very high-level example and can vary greatly depending on your personal situation and potential deductions. Therefore, here is a great tool to help you figure out how much your net paycheck would be.***

Taxes Based On Your State

In addition, if you live in a heavily taxed state like California or New York, then you have to pay way more money than somebody that lives in a no tax state like Texas or Florida. This is the debate of HCOL vs LCOL.

Thus, your yearly gross $28000 income can range from $19,138 to $22,498 depending on your state income taxes.

That is why it is important to realize the impact income taxes can have on your take home pay. It is one of those things that you should acknowledge and obviously you need to pay taxes. But, it can also put a huge dent in your ability to live the lifestyle you want on a $28,000 income.

How Much Is 28K A Year Hourly Salary Calculator

More than likely, your salary is not a flat 28k, here is a tool to convert salary to hourly calculator.

You can find many early morning jobs in this salary range and some pay this part time!

28k salary lifestyle

Picture of what a $28K salary lifestyle is like.

Every person reading this post has a different upbringing and a different belief system about money. Therefore, what would be a lavish lifestyle to one person, maybe a frugal lifestyle to another person. And there’s no wrong or right, it is what works best for you.

One of the biggest factors to consider is your cost of living.

In another post, we detailed the differences between living in an HCOL vs LCOL vs MCOL area. When you live in big cities, trying to maintain your lifestyle of $28000 a year is extremely difficult because your basic expenses, housing, transportation, food, and clothing will be much more expensive than you would find in a lower cost area.

To stretch your dollar further in the high cost of living area, you would have to probably live a very frugal lifestyle and prioritize where you want to spend money and where you do not. Whereas, if you live in a low cost of living area, you can afford the cost of living and maybe save more money. Thus, you have more fun spending left in your account each month.

As we noted earlier in the post, $28000 a year is well below the average income that you would find in the United States. Thus, you have to be wise with how you spend your money.

What a $28000 lifestyle will buy you:

If you are debt free and utilize smart money management skills, then you are able to enjoy the lifestyle you want.

  • You are able to rent in a decent neighborhood in LCOL, especially with a roommate.
  • Save money with the 200 envelope challenge.
  • Not be able to afford many of the fun spending luxuries.
  • Ability to make sure that saving money is a priority, and very possibly save $1000 in 52 weeks.

When A $28000 Salary Will Hold you Back:

However, if you are riddled with debt or unable to break the paycheck to paycheck cycle, then living off of 28k a year is going to be pretty darn difficult.

You will have to make sacrifices in your lifestyle and preferences to live without the help of government aid.

There are two factors that will keep holding you back:

  • You must pay off debt and cut all fun spending and extra expenses.
  • Break the paycheck to paycheck cycle.

It is possible to get ahead with money!

It just comes with proper money management skills and a desire to have less stress around money. That is a winning combination regardless of your income level.

$28K a year Budget – Example

Picture of planing how to make a budget with $28000 a year in income.

As always, here at Money Bliss, we focus on covering our basic expenses plus saving and giving first, and then our goal is to eliminate debt. The rest of the money leftover is left for fun spending.

If you want to know how to manage 28k salary the best, then this is a prime example for you to compare your spending.

You can compare your budget to the ideal household budget percentages.

You will have to make adjustments to your lifestyle in order to spend less than you make. While they may not be your favorite thing to do, it is a better option than debt.

recommended budget percentages based on $28000 a year salary:

CategoryIdeal PercentagesSample Monthly Budget
Transportation 4-10%$93
Life Insurance1%$12
Recreation / Entertainment3-8%$47
Debts0% – Goal$0
Government Tax (including Income Taxes, Social Security & Medicare)15-25%$552
Total Gross Monthly Income$2,333
**In this budget, prioritization was given to basic expenses and no debt.

Is $28000 a year a Good Salary?

Picture debating whether or not $28000 a year a good salary.

As we stated earlier if you are able to make $28000 a year, that is a low salary. Possibly you are closer to the poverty level depending on the number of dependents. You are making around or just above minimum wage.

While 28000 is a decent salary just starting out in your working years, it is a salary that you want to rapidly increase before your expenses go up or the people you provide for increase. If not, you will be left working multiple jobs to make ends meet.

However, too many times people get stuck in the lifestyle trap of trying to keep up with the Joneses, and their lifestyle desires get out of hand compared to their salary. And what they thought used to be a great salary actually is not making ends meet at this time.

This $28k salary would be considered a lower class salary. You must make each dollar count in your budget.

Check: Are you in the middle class?

In fact, this income level in the United States has enough buying power to put you in the top 95 percentile globally for per person income (source).

The question you need to ask yourself with your 28k salary is:

  • Am I maxed at the top of my career?
  • Is there more income potential?
  • What obstacles do I face if I want to try to increase my income?

In the future years and with possible inflation, in many modest cities, 28000 a year is not a good salary because the cost of living is so high.

If you are looking for a career change, you want to find jobs paying at least 38000 a year.

Is 28k a good salary for a Single Person?

Picture of lady asking is 28K a good salary for a single person.

Simply put, you can make it work, but you need a roommate to share in your basic housing expenses to stretch every dollar earned.

You can stretch your salary much further because you are only worried about your own expenses. A single person will spend much less than if you need to provide for someone else.

Your living expenses and ideal budget are much less. Thus, you can live comfortably at $28000 per year if you are smart with money. But, you will likely need to work multiple jobs.

Is 28k a good salary for a family?

Picture of kids and parents wondering is 28K a good salary for a family.

Many of the same principles apply above on whether $28000 is a good salary. The main difference with a family, you have more people to provide for than when you are single or have just one other person in your household.

At the 28K salary with a family, you would need more than one income stream to make this possible without government help.

The cost of raising a child is expensive! Any of us can relate to that!

Plus it will steeply cut into your income, specifically $12,980 annually per child.

That means that amount of money is coming out of the income that you earned.

So, the question really remains can you provide a good life for your family by making $28000 a year? This is the hardest part because each family has different choices, priorities, and values.

More or less, it comes down to two things:

  1. The location where you live in.
  2. Desire to improve your career and make more money.
  3. Your lifestyle choices.

You will not be able to afford everything on this salary.

Many times when raising a family, it is helpful to have a dual-income household. That way you are able to provide the necessary expenses if both parties were making 28000 per year, then the combined income for the household would be $56000 a year. Thus making your combined salary a decent income.

Learn how much money a family of 4 needs in each state.

Can you Live on 28000 Per Year?

Image of coins to see can you live on $28000 per year.

As we outlined earlier in the post, $28000 a year:

  • $13.46 Per Hour
  • $107-135 Per Day (depending on length of day worked)
  • $538 Per Week
  • $1076 Per Biweekly
  • $2333 Per Month

Next up is making $30000 a year!

Like anything else in life, you get to decide how to spend, save and give your money.

That is the difference for each person on whether or not you can live a lower-class lifestyle depends on many potential factors. If you live in California or New Jersey you are gonna have a tougher time than Oklahoma or even Texas.

In addition, if you are early in your career, starting out around this salary, that is an okay place to be getting your career. However, if you have been in your career for over three years and still making $28K, then you probably need to look at asking for pay increases, picking up a second job, or finding a different career path.

Regardless of the wage that you make, if you are not able to live the lifestyle that you want, then you have to find ways to make it work for you. Everybody has choices to make.

But one of the things that can help you the most is to stick to our ideal household budget percentages to make sure you stay on track.

Serious Way to Make More Money

One of the best ways to improve your personal finance situation is to increase your income. Here are a variety of side hustles that are very lucrative. With time and effort, you can start enjoying the lifestyle you want.

As an Amazon Associate and member of other affiliate programs, I earn from qualifying purchases.

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