$24 an Hour is $50,000 a Year

Is $24 an hour good money in 2025?

At $24 per hour ($50,000 annually), this wage is above average for most U.S. locations. This represents a middle-class income in most areas, though you may need to budget carefully in high-cost cities.

How much is $24 an hour monthly after taxes?

While your pre-tax monthly income is $4,200, your take-home pay will be approximately $3100 to $3300, depending on your tax bracket, state of residence, and deductions. Factors affecting your net pay include:

• Federal income tax bracket (12-22%for this income level)
• State and local taxes (0-13% depending on location)
• Social Security and Medicare (FICA) taxes (7.65% combined)
• Healthcare and retirement contributions (typically 5-15% of gross pay)

Example: On a monthly income of $4,200, common deductions might include:

• Federal Tax: ~$920
• State Tax: ~$210
• FICA: $320
• Healthcare/401k: ~$330

How much vacation time can I afford at $24 per hour?

With a weekly income of $960, each week of unpaid vacation would cost you this amount. To maintain financial stability, consider saving:

• $1920 for a 2-week vacation
• $3840 for a 4-week vacation fund
• Additional funds for travel expenses and activities

What jobs typically pay $24 an hour?

Jobs that commonly pay around $24 per hour include:

• Skilled trades apprentices
• Medical assistants
• Sales representatives
• Office managers

How much is overtime pay at $24 hourly?

At $24 per hour, overtime rates are:

• Time and a half (1.5×): $36 per hour
• Double time (2×): $48 per hour
• Weekly overtime (8 hours): Additional $290
• Monthly overtime potential: Up to $1200 (8 hours/week)

What's the equivalent salary for part-time work at $24/hour?

Here's what you'd earn at different part-time hours:

• 10 hours/week: $12480 yearly
• 20 hours/week: $24960 yearly
• 25 hours/week: $31200 yearly
• 30 hours/week: $37440 yearly

How does $24/hour compare to minimum wage?

At $24 per hour, this rate is 3.3× the federal minimum wage ($7.25). This represents a living wage in many areas of the country.