$10 an Hour is How Much a Year [Can You Live on it in 2023?]

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10 an hour is how much a year in income? The annual salary is approximately $20,800 if you work 40 hours a week for the entire year (52 weeks) before any taxes have been deducted from your paycheck. You will bring home approximately between $17,000 and $19,000 per year after taxes are taken out. This also depends on the total number of workdays in a given year. Get the details if this provides enough money to pay your bills, grow your savings,  invest in your future, and enjoy fun activities.

What You Need to Know

> Calculations are based on a work year of 2,080 hours.
> A full-time job is typically 40 hours per week, and part-time is 20 hours a week. However, 30+ hours is considered full-time employment.
Breakdown of income making $10 an hour:
$56.99 daily
$400 weekly
$800 biweekly
$1,733 monthly
$20,800 yearly
calendar on desk with text 10 an hour is how much a year

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Are you in the market for a new job and looking for an answer to the question, “$10 an hour is how much a year?”

Knowing exactly how much money you have to spend simplifies the process of creating a budget.

When paid an hourly wage your paycheck can be less consistent than earning a salary because the number of hours you work may not be exactly the same every week.

Once you know how much money you will make each month (which depends on your hourly wage,) it is simple to plan for typical living expenses such as housing, utilities, insurance, food, and retirement savings.

There are several variables to take into consideration when figuring out how much money you will take home on an hourly wage of $10.

For example, the average person that works a full-time job works 40 hours per week. However, 30+ hours is considered full-time employment so the working hours and yearly income would be different if you work less than 40 hours at the same hourly pay.

Also, keep in mind the following calculations do not include the deduction of federal or state taxes, or other employer deductions (unless otherwise stated.)

Keep reading for our ultimate guide that breaks down the most-asked questions on this topic with step-by-step details on how much you will earn each week, month, and year both before and after taxes are deducted.

Take note, the numbers can vary slightly depending on the method of calculation used. This is because there are several ways to calculate income. You may see this in our figures as well as the calculations you do on your own.

For example, the average monthly income will vary depending on whether it is figured using 4 weeks in a month or the total number of days and hours worked in a month.

Over the course of a year, your annual income can vary from year to year depending on the total number of days in the given year (this number can be different each year.)

It also depends on how accurate your tax deduction figures are and if social security and medicare deductions are included.

Let’s dive in!

Wondering how to convert your yearly salary into how much you make per hour? Get the details using our free Yearly to Hourly Wage Calculator!

$10 an hour is how much a year?

$10 an hour is $20,800 per year.

The following information was used to arrive at the calculation:

Hourly wage = 10 dollars an hour

Workweek (full-time) = 40 hours

Weeks in a year = 52 weeks

Hours worked per year = 2,080

Following is a detailed breakdown of how much you will make earning this hourly wage:

Hourly wage (Yearly Salary / 2,080 Hours): $10 per hour

Daily earnings (Yearly Salary / 365 Days): $56.99 per day

Weekly earnings (40 Hours x Hourly Salary): $400 per week

Biweekly earnings (Yearly Salary / 26): $800 biweekly

Monthly earnings (Yearly Salary / 12): $1,733 per month

Yearly earnings (2,080 Hours x Hourly Rate): $20,800 per year

How much is 10 dollars an hour monthly?

If you make $10 an hour your monthly pay is $1,733.

How much is 10 dollars an hour biweekly?

Your biweekly pay is $800 if you are making $10 an hour.

Curious if how much money you make is comparable to others in a similar job? Find out how you stack up in the post What is Considered a Good Hourly Wage Today

$10 an hour is how much a week?

If you want to create a weekly budget from the start, these are the calculations you need to start an example budget (then turn it into your actual budget.)

With hourly pay of $10 an hour, working full-time at 40 hours will give you $400 a week. For two weeks, the pay would be $800.

If your job offers overtime hours and you agree to work more hours that week, your income will be more.

However, if your job does not offer paid vacation time or paid time off, yet you still take time off, your weekly income will decrease (be less.)

$10 an hour 40 hours a week

If you work full-time, you are typically working 40 hours a week.

This calculates into $400 per week (without tax deductions.)

Looking for a simple budgeting system to track your finances? Check out our top 10 budget planners, updated for this year!

How much is $10 an hour per day?

If you are curious how much money you make per day on this hourly wage, that total is $56.99.

Therefore, each day you go to work you know how much you will make that day.

This is how we did the calculation:

Assuming you work 8 hours each day and 2080 hours a year, earning an hourly rate of $10 would put your income for the day at $56.99.

(Yearly Salary / 365 Days): $56.99 per day

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$10 an hour part-time is how much a year?

If you make $10 an hour and work part-time, it depends on how many hours a week you are working.

Generally, part-time refers to 20 hours a week. However, this number can vary. Considering you work 20 hours per week all year making 10 dollars an hour, you would make $10,400 in a year.

$10 an Hour is How Much a Year

The following table provides a breakdown of the average salary for a person earning $10 an hour.

$10 an Hour Wage Breakdown

Income Frequency

Total Wage

Yearly Income (2,080 Work Hours)


Monthy Income (Yearly / 12 Months)


Biweekly Income (Yearly / 26 Payday Cycles)


Weekly Income (Yearly / 52 Weeks of Work)


Daily Income (Yearly / 365 Days)


$10 an Hour Budget Breakdown

$10 an hour is how much a year after taxes?

State taxes deducted from your paycheck vary depending on where you live, and federal taxes deducted from your paycheck depend on your tax bracket.

When taxes are taken out of your check, they reduce your take-home salary even though your hourly wage doesn’t change.

Our approximate guess is 15% of your paycheck will be deducted to cover income tax, social security, and medicare (in the United States), but this will vary from person to person and state to state.

Go to the Federal Government tax website to get your actual tax bracket.

Earning a $10 hourly rate, after the taxes are deducted, your approximate annual salary will be $17,000 to $19,000 per year.

Even though the actual wage is 10 dollars an hour, your per hour wage earnings fall from approximately $9.13 to $8.17 after tax deductions.

The state you live in determines your state tax rate.

For example, Colorado taxes are 4.63%, California taxes range between 1% and 12.3%, Georgia taxes range between 1% and 5.75%, Kentucky taxes are 5%.

According to AARP, there are also 9 states that don’t tax their residents, including Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.

Free Take-Home Pay Calculator: Check out our free Wages Calculator to figure your take-home Pay (income after taxes are deducted.)

$10 an hour is how much a month after taxes?

After taxes are deducted from your paycheck, your hourly pay is approximately $8.65 an hour (this is using a general guideline of 15% taxes.)

Working full-time, this would be a monthly income of roughly $9,000.

We have a complete series of articles on converting your hourly wage to a yearly salary!

Income & Wage Guides

Go to all Income & Wages posts [whole series]

Is $10 an hour good pay?

$10 an hour can be good pay for one person, and not enough to live on for another person.

There are several factors that play a role in determining if you can live comfortably on this hourly wage:

  • What is the cost of living in your location?
  • How much debt do you have?
  • How many family members does your paycheck support?
  • Do you have an effective budget in place and do you follow it?

If your goal is to achieve financial freedom, don’t just focus on how much money you make but also on how you spend your money down to each dollar.

Ways to Make More Money if $10 an Hour isn’t Enough

  • Start a side business online that allows you to earn extra (such as selling things on eBay, Amazon, or Etsy)
  • Sell your used items using the internet, such as selling an old cellphone on eBay, Craigslist, or Facebook Marketplace
  • Get a steady part-time working opposite of your current job
  • Find opportunities in your community by volunteering either individually or with groups like churches and schools
  • Ask your supervisor for a raise
  • If your job is part-time, ask your supervisor if you can work full-time
  • Find a side hustle that is flexible so you can do as little or as much as you want such as babysitting, cleaning houses, walking dogs or pet-sitting, becoming an Instacart, Uber, or food delivery driver, etc.
  • Start a side business selling pictures of your feet for extra cash

If you work 50 weeks a year in your full-time job with 2-weeks of vacation, you can also pre-plan ways to earn extra income during this paid time off.

Our Most Popular Money-Making Offers

If you’re looking for a side hustle or just a way to make some extra spending money, there are numerous ways you can accomplish this. Here are a few quick and simple ideas for you (I personally use each of them!):

How to Save Money [Tips]

How to Cut Housing Cost [Tips]

  • Move into more affordable living spaces such as a one-bedroom apartment or even go smaller to a studio.
  • Share a house with roommates to split the rent in half or three ways.
  • Offer to do simple upgrades on a rental house in exchange for rent, such as painting or landscaping.
  • Explore if your rent is negotiable if you have always paid on time and proven you’re a responsible tenant.

How to Reduce Living Expenses [Tips]

  • Buy food from the grocery store or warehouse to cut the added expense of eating out.
  • If you live in a place that offers free grocery pickup, opt for this so you are purchasing exactly what you need and not going inside the store.
  • Reduce entertainment costs such as skipping movies, concerts, etc.
  • Split cable or TV plans with a friend or family member.

If your goal is to achieve financial independence, keep working on increasing your income by gaining new skills, and spending each hard-earned dollar wisely.

Seeing how much of a difference your hourly wage can make in speeding up (or slowing down) your personal finance goals can help keep you motivated and on track.

Do you make enough money in your state to not only live comfortably but also have the option to focus on saving, investing, and enjoying fun activities?

How does the state where you live stack up in comparison to other states?

Find out in the detailed post What is Considered a Good Hourly Wage?

Looking for more information on hourly wages and how to translate other amounts into a yearly salary? Find all the details on the Wages category page that includes a list of specific hourly pay and how it translates into the yearly income.

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