$30 an Hour is $62,400 a Year

Is $30 an hour good money in 2024?

At $30 per hour ($62,400 annually), this wage isabove averagefor 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 $30 an hour monthly after taxes?

While your pre-tax monthly income is $5,200, your take-home pay will be approximately $3,900 to $4,160, depending on your tax bracket, state of residence, and deductions. Factors affecting your net pay include:

• Federal income tax bracket
• State and local taxes
• Social Security and Medicare (FICA) taxes
• Healthcare and retirement contributions

How much vacation time can I afford at $30 per hour?

With a weekly income of $1,200, each week of unpaid vacation would cost you this amount. To maintain financial stability, consider saving:

• $2,400 for a 2-week vacation
• $4,800 for a 4-week vacation fund
• Additional funds for travel expenses and activities

What jobs typically pay $30 an hour?

Jobs that commonly pay around $30 per hour include:

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

How much is overtime pay at $30 hourly?

At $30 per hour, overtime rates are:

• Time and a half (1.5×): $45 per hour
• Double time (2×): $60 per hour
• Weekly overtime (8 hours): Additional $360
• Monthly overtime potential: Up to $1,440 (8 hours/week)

What's the equivalent salary for part-time work at $30/hour?

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

• 10 hours/week: $15,600 yearly
• 20 hours/week: $31,200 yearly
• 25 hours/week: $39,000 yearly
• 30 hours/week: $46,800 yearly

How does $30/hour compare to minimum wage?

At $30 per hour, this rate is 4.1× the federal minimum wage ($7.25). This is well above minimum wage requirements and represents a professional salary level.