If you’ve always calculated your salary on an hourly basis, you’ve probably wondered $60k a year is how much an hour. Today, we break down this yearly salary into an hourly wage, daily, weekly, biweekly and monthly income.
Are you looking for a new job? You’ve probably encountered potential employers or hiring managers stating their salary offer in two ways: one, as an annual salary, and second, as an hourly wage.
I understand your confusion. For example, if you were offered a job that pays $60,000 a year, you’d want to know how much would be your hourly rate. Additionally, your hourly wage can vary depending on the number of hours worked, paycheck deductions, and federal income taxes taken out of your gross pay.
$60,000 a yearly salary is how much an hour?

Let’s dive immediately into the most pressing question: how much an hour is 60,000 a year?
To find your hourly wage while earning 60k a year, you need to know the total number of hours worked in a year. According to the federal government, there are a total of 2,087 working hours in a year. So to find your average hourly wage, we simply divide $60,000 per year by that number.
$60,000 per year / 2,087 hours = $28.75 per hour.
But, not all employees work this number of hours in a year. An average person works an eight-hour work day, bringing him to 2,080 hours worked in a year. In that case, we can calculate the average hourly wage using this formula:
$60,000 per year / 2,080 hours = $28.85 per hour.
Whether your company follows the federal government’s recommendation for a total number of working hours or you’re a full-time employee who works eight hours a day and five days a week, you could see that there’s not much difference in the hourly wage.
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What about paid vacation time?
Your hourly wage may vary depending on whether you get paid time off or paid vacation time. Most full-time and salaried employees get some paid time off and paid federal holidays. In this case, your hourly rates can be slightly higher.
For instance, if you get two weeks of paid vacation, then you only work 50 weeks a year, bringing your total number of hours worked in a year to 2,000. To find your rate per hour, we divide $60,000 per year by that 2,000 hours, so:
$60,000 per year / 2,000 hours = $30 per hour
Compared to people who work all 52 weeks of the year and earn $28.85 per hour, those who get some paid time off earn at least one dollar more.
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$60,000 a year is how much working part-time?
To calculate, let’s say you only work 30 hours per week. This means that your total number of hours worked in a year, if working 50 weeks per year, with two weeks paid time off, is 1,500 hours.
So how much an hour is $60,000 per year if you work 1,500 hours?
$60,000 per year / 1,500 hours = $40 per hour
If you don’t get paid time off, you work a total of 1,560 hours per year. Then, to find your rate per hour, we calculate like so:
$60,000 per year / 1,560 hours = $38.4 per hour
How much is $60,000 a year after taxes?
Another important thing to consider when calculating your rate per hour is your income taxes. Your gross pay is not $60K as you still have to pay state income tax and federal tax from your paycheck. After we’ve taken out the state income taxes and federal taxes, we get your take-home pay.
So how much an hour is $60,000 per year as an after-tax income?
To find out, we first need your tax rates or tax brackets. According to Forbes, you pay around 4,807 in federal taxes plus 22% of the excess over $41,775 if your taxable income is 60,000 per year (and this is applicable to both single and married tax filers). Your state income tax wages also vary depending on your location.
Based on this tax calculator, if you are a single person living in New York, your take-home pay is $50,521. Meanwhile, the net pay of a single person living in New Hampshire is $50 993.
You could lower your tax wages by writing off tax deductions and charitable donations. For example, declaring your property taxes could help reduce your taxes.
$60,000 a year is how much a month?
We now know that 60K a year is roughly $28.85 per hour for a full-time employee. Now you’re probably wondering how much money you make a month based on this annual income.
The easiest way to calculate your monthly income is to divide 60K annually by 12 months. Therefore:
$60,000 / 12 months = $5,000 month.
So based on your annual salary of $60K, your monthly income should be right around $5,000 a month. But this figure may fluctuate month to month because some months have more work weeks than others. Other factors include income taxes, paycheck deductions, and vacation time.
$60K a year is how much per week?
Next, we’d like to know how much $60K is per week.
Finding your weekly rate is quite easy. First, you must know how many weeks you work in a year. Most employees work 50-52 weeks a year, depending on whether they get paid vacation time.
Assuming you work all 52 weeks a year. We simply divide 60k by 52, and that’s your weekly rate. So,
$60,000 a year / 52 weeks = $1,153.84 per week
Meanwhile, if you get two weeks paid time off and work 50 weeks a year, your weekly rate is calculated like this:
$60,000 a year / 50 weeks = $1,200 per week
$60K a year is how much biweekly?
Some people get paid fortnightly or biweekly. If this is your case, you should also know your biweekly rate.
Since we already know your weekly rate, all you have to do now is to double it, and that’s your biweekly income.
For instance, if you make $1,153.84 per week, you double it and get $2,307.68.
How much is $60k annual salary per day?
To find your daily rate, you must first determine how many hours you work in a day. For example, you work the typical eight hours per day for all 52 weeks of the year. We find your daily rate by finding the number of working days in a year. For instance, there are 260 working days in the year 2023. So we calculate your daily rate like this:
60,000 a year / 260 days = $230.7 per day
Is $60,000 a year good salary?
Can you live a good life earning 60k a year? Is this good income? I’m sure you’re wondering the same, so let’s answer this question.
But let’s try to put things into perspective. Did you know that according to the US Census Bureau, the real median household income as of 2021 was $70,784?
Also, The Fool says that around 16% of US households make between $50k to $75k, which is where your annual salary of $60,000 falls.
Finally, Investopedia reports that annual earnings of 60K per year put you among the middle class, who earn between $43,000 to $130,000. More than half of the income earners in the US are middle class. However, if you are more than a family of 6, you need to earn at least a $67,000 year salary to consider yourself middle class.
Is this telling us that $60k a year a good salary?
Well, most people would say that 60k a year is a great salary. You belong to the middle class, so you can’t exactly call yourself poor or rich. With great budgeting skills, this much salary should be able to live comfortably with some money left to save in your bank account.
Most people who live in a low-cost to middle-cost living area with similar wages can pay for their basic needs and some luxuries with this salary.
How to make a $60,000-a-year budget
I always say that budgeting is a fundamental skill to learn when managing one’s income, regardless of size. So if you are earning 60k a year and would like to ensure to maximize this money, I created a sample budget to inspire you to manage your income properly and live comfortably.
Note: this sample budget is based on the monthly income of $4,000 per month, which is your take-home pay (after the IRS takes out your taxes). It is often easier to budget your income on a monthly basis instead of an annual one.
Monthly budget: $4,000
Housing (25%) $1000
Food and groceries (15%) $600
Utility bills (10%) $400
Transportation (10%) $400
Health insurance premiums (10%) $400
Retirement and social security contributions (5%) $200
Savings (10%) $400
Investing (5%) $200
Fun spending (5%) $200
Giving (5%) $200
As you can see, this budget allows you to spend your income nicely across your needs, and wants and even have some room left to save and invest. This works out nicely if you live in an area with low living costs because commodities are cheaper too.
Most personal finance experts also say not to spend over 25-30% on housing, or you might get house poor. Fortunately, with around $1,000 a month allocated to housing, you should be able to afford rent or mortgage in cheaper areas.
However, you need to earn more money if you live in expensive states such as Hawaii, California, and New York, where mortgages hover over $2,000 a month.
Additionally, you also need to consider the size of your family. A small family of four is able to live comfortably with a 60k-a-year income, even when only one parent works and makes this much. However, larger families need to earn more money to sustain their needs.
How to Make 60k a year salary work for you
What if you’re making 60k a year and find that it is not enough income for you? How do you make it work? Here are my top tips:
Earn passive income
Earning passive income is a great way to supplement your regular income. Nowadays, you can earn passive income in the comforts of your home by selling digital products, creating an online course, going into affiliate marketing, and investing in stocks, bonds, and fractional shares.
Next, you need to save money. There are plenty of places in your budget you can trim out to free up some money. You could reduce dining out and reserve it for special occasions. You could switch to generic brands in the grocery store and save a couple of dollars. Also, try meal planning and bringing your own food to work.
You could save a couple of dollars here and there, and they add up!
Finally, I suggest taking up a side hustle. You could have a second job that does not interfere with your main job. For example, you could become a weekend photographer or a wedding DJ. You could deliver food and groceries after clocking out from work. You could even get into online jobs, such as tutoring, transcribing, and freelance writing.
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Conclusion
To recap, 60k a year is how much an hour? That is around $28.85 per hour if you are a full-time worker.
You earn $230 per day, $1,200 per week, and $5,000 per month before taxes.
Is $60k a year a good salary?
If you are a single person or a small family, $60K a year is a good enough salary. You have enough money to cover all your needs and most of your wants while allowing you to still invest and save money. This is particularly doable if you’re living in a cheaper area.
If you find a 60K a year salary lacking, there are many opportunities to increase your income, such as by getting a second job, working more hours and cutting back on some expenses.
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