$12 an Hour Is $24,960 a Year
If you make $12 per hour working full-time (40 hours/week, 52 weeks/year), your annual salary is $24,960 before taxes. After federal, state, and FICA taxes, you'll take home approximately $20,767 per year.
$12/Hour Salary Breakdown
Tax Breakdown on $24,960
Effective tax rate: 16.8%. Based on 2024 federal brackets, standard deduction, single filer. See your state's exact rate.
Budget on $12/Hour (50/30/20 Rule)
Based on monthly take-home of $1,730:
Is $12 an Hour a Good Salary?
At $12/hour, you're earning below the poverty line for many metro areas. Consider cost-sharing for housing, take advantage of tax credits like the EITC, and look into assistance programs.
At $12/hour full-time, your gross annual income of $24,960 breaks down to $2,080/month, $480/week, or $96/day before taxes. After all taxes, you'll take home about $1,730 per month.
Following the 30% rule for housing, your maximum recommended rent is $624/month. See what you can afford on this salary in our detailed budget breakdown.
Want the Full Breakdown?
See detailed hourly-to-annual analysis with tips for your income level.
$12/hr Full Guide