$24 an Hour Is $49,920 a Year
If you make $24 per hour working full-time (40 hours/week, 52 weeks/year), your annual salary is $49,920 before taxes. After federal, state, and FICA taxes, you'll take home approximately $39,599 per year.
$24/Hour Salary Breakdown
Tax Breakdown on $49,920
Effective tax rate: 20.7%. Based on 2024 federal brackets, standard deduction, single filer. See your state's exact rate.
Budget on $24/Hour (50/30/20 Rule)
Based on monthly take-home of $3,299:
Is $24 an Hour a Good Salary?
$24/hour ($49,920/year) is below the U.S. median income of $59,228. You can live comfortably in low cost-of-living areas, but may need to budget carefully in expensive cities.
At $24/hour full-time, your gross annual income of $49,920 breaks down to $4,160/month, $960/week, or $192/day before taxes. After all taxes, you'll take home about $3,299 per month.
Following the 30% rule for housing, your maximum recommended rent is $1,248/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.
$24/hr Full Guide