$9 an Hour is $18,720 a Year

Is $9 an hour good money in 2024?

At $9 per hour ($18,720 annually), this wage isbelow averagefor most U.S. locations. While this wage meets minimum requirements, you may want to explore career advancement opportunities for higher earning potential.

How much is $9 an hour monthly after taxes?

While your pre-tax monthly income is $1,560, your take-home pay will be approximately $1,170 to $1,248, 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 $9 per hour?

With a weekly income of $360, each week of unpaid vacation would cost you this amount. To maintain financial stability, consider saving:

• $720 for a 2-week vacation
• $1,440 for a 4-week vacation fund
• Additional funds for travel expenses and activities

What jobs typically pay $9 an hour?

Jobs that commonly pay around $9 per hour include:

• Entry-level retail positions
• Food service workers
• Customer service representatives
• Administrative assistants

How much is overtime pay at $9 hourly?

At $9 per hour, overtime rates are:

• Time and a half (1.5×): $13.5 per hour
• Double time (2×): $18 per hour
• Weekly overtime (8 hours): Additional $108
• Monthly overtime potential: Up to $432 (8 hours/week)

What's the equivalent salary for part-time work at $9/hour?

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

• 10 hours/week: $4,680 yearly
• 20 hours/week: $9,360 yearly
• 25 hours/week: $11,700 yearly
• 30 hours/week: $14,040 yearly

How does $9/hour compare to minimum wage?

At $9 per hour, this rate is 1.2× the federal minimum wage ($7.25). Some states and cities have higher minimum wages, often $12-15 per hour.