13 Dollars an Hour is How Much a Year (plus Free 2022 Hourly Wage Conversion Chart)

If you work 40 hours a week for the entire year (52 weeks), you will make $27,040 on a wage of 13 dollars an hour. This is your gross income, which means it is before any taxes have been deducted from your paycheck. On this wage, budgeting is super important to keep track of where every penny is spent, especially if you have a family.

What You Need to Know

The formula for Calculating Yearly Salary
$13 per hour x 2,080 per year = $27,040 before taxes
You would make:
Daily: $104
Weekly: $520
Monthly: $2,080
calendar on desk text 13 an hour is how much a year
$13 an Hour is How Much a Year

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Have you asked yourself the question, “13 dollars an hour is how much a year?”

If you are working full-time, which is typically 40 hours per week, your annual income would be $27,040 a year.

This is before federal and state taxes are deducted, and other deductions from your paycheck such as social security and medicare, or employee deductions.

This also assumes the only time you take off is if your employer offers paid vacation days since paid time off does not reduce your paycheck.

This detailed guide breaks down the most-asked questions about earning $13 an hour with step-by-step explanations on how much you will earn each week, biweekly, month, and year both before and after taxes are deducted.

If you don’t want to calculate the numbers yourself, we also created a handy calculator that will do all the figuring for you! [We actually created an entire series of financial calculators for our readers!]

And to complete this ultimate guide, we included a sample budget to give you a head start with your own financial planning!

Keep in mind when the numbers slightly vary using different calculations, it is because there are several ways to calculate income.

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

It also depends on tax deductions and if social security and medicare deductions are included.

Let’s dive in!

How many working days are there in a year?

For an exact calculation, you would figure out how many workdays there are in a year.

A year is equal to 365 days. That means there are 52 weeks in a year, and each month (including February) contains 4 weeks.

The exception is during a leap year, which extends the number of days in a year to 366 days because the month of February has 29 days instead of 28 days.

Leap years occur once every 7 years, with the next one occurring in 2024.

If you are working 5 days per week for 8 hours a day, you will work 2,088 hours during the year.

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

How much 13 an hour yearly?

The money you earn before any deductions are taken out of your paycheck is called gross income.

To understand how to figure how much you will earn in a year if you make $13 an hour, use the following equation as an example:

Hourly rate: $13

Work hours per week: 40

Work weeks per year: 52

To calculate how much $13 hourly pay is per year, first, calculate weekly income by multiplying $13 by 40 hours per week.

Next, multiply the product by 52 weeks, like this:

$13 × 40 hours = $520.00 per week

After you know how much you make each week, multiply that number by 52 because there are 52 weeks in a year.

$520.00 × 52 weeks = $27,040

The wages earned per year making 13 dollars an hour deliver a base salary of $27,040, which is assuming you are not working overtime.

13 an hour is how much a year full-time?

A full-time job is considered working 40 hours each week if you live in the United States.

The average number of hours you work each day is 8 if you are a full-time employee. With breaks and lunch, you would be at your work location for approximately 9 hours.

Many full-time positions allow paid vacation.

13 an hour is how much a year part-time?

A part-time job is generally considered working less than 30 hours each week, with 20 hours being the norm.

The number of working days depends on the employer.

For example, an employee could work 4 hours a day for 5 days a week to get in 20 hours of work, or they could work 10 hours a day twice a week to get in 20 hours for the week.

Download the Hourly Wage Conversion Chart (it’s free!)

hourly wage conversion chart grouped image smart mom hq
Hourly Wage Conversion Chart

Download My Own Copy!

*Base annual salary before deductions for federal, state, and local tax, Social Security, and Medicare.

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

$13 dollars an hour is how much a year after taxes?

The amount you make after deductions are taken out of your paycheck is called net income.

This is the amount of your actual paycheck that is typically referred to as your take-home pay.

Above we calculated your yearly salary using the hourly wage of $13 before any tax was taken out at $27,040.

However, you have to deduct tax to find your net annual salary.

Everyone is required to pay the following deductions, which is deducted from their paycheck before they get it:

6.2% Social Security Tax

1.45% Medicare Tax.

Federal Tax – the amount varies

State Tax – the amount varies

Local Tax – the amount varies

In this example, we use 12% as the rough average for tax deductions.

This is how to calculate your net annual salary (the actual amount you will receive per year):

Social Security Tax

($27,040.00 × 6.2)/100 = $1,676.48

Medicare Tax

($27,040.00 × 1.45)/100 = $392.08

Income Tax

($27,040.00 × 12)/100 = $3,244.80

+ $27,040.00 Gross Income

– $1,676.48 Social Security Tax

– $392.08 Medicare Tax

– $3,244.80 Federal/State/Local Taxes

= $21,726.64 Net Income

PRO MONEY TIP

There are seven tax brackets in the United States.

Your tax bracket depends on the filing status you select (such as single, married filing jointly, head of household, etc.) and the amount of taxable income you make.

$13 an hour is how much a month?

To get the most accurate number, use the total working hours there are in one month.

Formula:

Work hours in 1 month = 160

8 hours per day x 5 days per week = 40 hours per week

40 x 4 weeks in a month = 160 hours of work per month

Monthly salary:

160 x 13 = $2,080

$13 an hour is how much a week?

Assuming you are working 40 hours per week, use the following formula:

13 x 40 = $520 per week before tax or deductions are taken out

If you work less than 40 hours a week, you can figure your weekly check by multiplying 13 by the number of hours you work per week.

Remember this number will be more than your actual take-home pay because it does not include tax or other deductions.

$13 an hour is how much biweekly?

If you are paid twice a week, that is considered a biweekly paycheck.

$13 dollars an hour biweekly before tax or deductions are taken out of your paycheck is $260.

We have an entire series of articles on income and wage guides!

You might also like:

$13 an hour is how much per day?

If you want to calculate how much you make per day on a wage of 13 dollars an hour, use the following formula:

13 x 8 = $104 per day

This figure is considering you are working 8 hours a day.

If you work fewer hours multiply the number of hours per day by 13 to get your daily pay without tax or other deductions being taken into consideration.

13 Dollars an Hour Income Comparison Chart

$13 an Hour

Income Total

Yearly (52 weeks)

$27,040

Monthly (160 hours)

$2,080

Weekly (40 hours)

$520

Bi-Weekly (20 hours x 2)

$260

Daily (8 hours)

$104

*Monthly Net Income (take-home)

$1,811

*Yearly Net Income (take-home)

$21,727

13 dollars an Hour Income Comparison Table

13 dollars an hour comparison table

*Includes deductions for federal, state, and local tax of 12%, and Social Security and Medicare.

Calculate your personal income before tax

Calculate your personal income after tax (does not include Social Security and Medicare deductions)

Sample budget on a salary of $13 an hour

Expense Category

Budget Amount

Percent of Budget

Housing

$520

25%

Utilities

$208

10%

Transportation

$208

10%

Food

$208

10%

Insurance

$208

10%

Personal Items

$104

5%

Miscellaneous

$104

5%

Recreation

$104

5%

Giving

$208

10%

Savings/Retirement

$208

10%

Sample Budget - 13 Dollars an Hour

13 dollars an hour sample budget

NOTE: Budget sample using monthly income of $2,080 with no deductions

Is 13.00 an hour good?

Making $13 an hour is far above the federal minimum wage of $7.25. However, depending on the cost of living in your area, it could be difficult to support a family on this income.

Getting a budget in place so you know where every dollar is spent is the best plan of action.

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

The following map from the government census shows a comparison of states and the median wages.

median household income us census bureau for 40000 a year is how much an hour
Median Household Income 2015 – 2019

Is 13 dollars an hour good for a teenager?

I would consider this wage good for a teenager. Without a family to support and few living expenses, it is a great income to start a budget and prepare for the future.

Can you live off 13 dollars an hour?

The budget on a $13 hourly wage is tight, with little cash left even for necessity items.

This is a challenging budget to follow and live on comfortably even for a single person trying to follow the estimate of expenses using the monthly income chart.

The following tips can help to cut living expenses, and a second gig may also be something to consider.

General money-saving tips:

  • Get rid of debt payments
  • Spend less than you make (often called ‘living below your means’)
  • Follow frugal living habits
  • Create and follow a budget
  • Put cash in a savings account every month
  • Set a goal for what you consider good pay and consistently work toward it
  • Know and keep track of your financial situation at all times

Tips to reduce your housing cost:

  • 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.

Tips to reduce other living costs:

  • Buy food from the grocery store 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.

Do you love to save money?

The following posts can save you thousands of dollars a year!

  1. 57 Smart Ways to Spend Less on Food
    • Jump to #24 if you want to cut your grocery bill immediately!
  2. Cheapest Groceries List: 70 Best Foods to Buy on a Tight Budget
    • Hint: Stock up on #62 for the best but cheapest meals!
  3. 160 Best Frugal Living Tips to Save Money Today
    • Hop to #21 for massive savings at the grocery store!

Ideas for extra cash

If you need to make more than your $13 hourly wage is providing, consider a second job on weekends (or your weekday time off), to bring in some extra cash. It is also worth checking with your supervisor if overtime hours including overtime pay is available.

The following side hustles can help you make more cash on top of the 8 hours you work:

  • Turn your hobby into a side gig
  • Start a blog
  • Start freelancing
  • Complete surveys for cash
  • Start a side hustle – Amazon delivery, Uber driver, pizza delivery, Grub Hub, dog-walking, etc.

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!):

$13 an hour is how much a year – Key takeaways

When you are working for $13 an hour, it can be a struggle to keep your bank account healthy, especially if you don’t have a savings account and an unexpected major expense comes up.

You will need a plan in place to manage your finances if making an annual salary of $27,040.

This is where a budget comes in handy and can help you work your way toward financial freedom.

Sometimes it is necessary to have a little extra cash on hand and you can do this through part-time jobs, starting your own business, or consistently adding money to an account that earns interest, even if it is a small amount.

If you keep working toward increasing your hourly rate to earn a better salary and put a budgeting plan in place, you will be well on your way to less stress and a higher pay per hour position.

Starting a budget will also make a huge difference no matter how much money you make.

If you feel like your financial goals are going in the right direction and don’t have a budget, that’s great!

However, just think about how much a budget could put even more of your hard-earned money back into your pocket!

The free Budgeting Basics eBook is the perfect resource to get your money under control or fine-tune it in a specific area.

If you need ideas for creating your budget, hop over to 20 free printable budget templates to get you started.

Interested in more job earning scenarios?

Read the entire series on wages to get your questions answered about how to live comfortably on any income and make extra money if you don’t make enough.

You might also like What is Considered a Good Hourly Wage Today and How Many Work Hours in a Year.

Ready to start a budget you’re excited to follow? You don’t want to miss out on how to make budgeting simple and fun!

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