Paycheck Math

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$20 an Hour Is How Much a Year?

At 40 hours a week, 52 weeks a year, $20 an hour is $41,600 a year before tax — about $3,467 a month and $800 a week. After estimated federal tax and FICA you keep roughly $34,799.

Per year
$41,600
Per month
$3,467
Per week
$800

The math

$20 × 40 hours × 52 weeks = $41,600. If your schedule is different, the total moves with you:

Hours per weekAnnualMonthlyWeekly
20 (part time)$20,800$1,733$400
37.5$39,000$3,250$750
40 (full time)$41,600$3,467$800
45$46,800$3,900$900
50$52,000$4,333$1,000

Most hourly jobs pay for actual hours worked, so a week off without pay removes roughly $800 from your year. Federal law (FLSA) requires 1.5× pay for hours over 40 in a workweek for most non-exempt employees; if you regularly work 45 hours at $20, overtime pushes the year to $49,400.

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What $20 an hour looks like after tax

For a single filer with no dependents in California, $41,600 gross works out to about $34,799 take-home a year — $2,900 a month, or $16.73 for every hour worked. That is an effective rate of 16.3% across federal income tax, state income tax, Social Security and Medicare.

ItemAnnualMonthly
Gross pay$41,600$3,467
Federal income tax−$2,812−$234
State income tax−$806−$67
Social Security + Medicare−$3,182−$265
Take-home$34,799$2,900
State tax varies a lot. The same $41,600 is $35,606 in Texas and $33,956 in New York. Run your own state →

Is $20 an hour a good wage?

The median full-time annual wage in the United States is about $48,940. $41,600 sits below that line by $7,340, which is 85% of the median. On a 40-hour week the federal minimum wage of $7.25 brings in $15,080, so $20 is 2.8× the floor.

Your take-home pay

Nearby hourly rates

See the full hourly-to-salary table →