40000 a Year is How Much an Hour

You’re probably considering a job but you first want to know 40000 a year is how much an hour.

$40,000 a year broken down per hour is exactly $19.23

This is based on working for 40 hours every week for the 52 weeks each year has totaling 2,080 hours.

Of course, after taxes this will be a few thousand dollars less depending on your personal tax situation.

40000 a Year is How Much an Hour

$40,000 per year breaks down to:

Per Hour = $19.23 @ 2080 hours

Per Day = $153.84 @ 260 days

Per Week = $769.23 @ 52 weeks

Per Month = $3,333.33 @ 12 months

Is $40,000 a Year a Good Salary?

Knowing the answer to 40000 a year is how much an hour is only the first part. The second and more import part is can you survive on this?

$40,000 a year sure sounds like a lot of money but when you actually break it down and calculate the hourly wage, how does that even compare to what other people make?

For one, your $40,000 annual salary is equivalent to the hourly wage of an administrative assistant. Your yearly wages are equivalent to that of a waitress who makes minimum wage ($15/hour).

Your annual salary is also equivalent to an automotive technician who makes $19.23/hour.

Your annual salary would be equal to that of a grade school teacher making $42,000 annually.

Comparatively speaking and giving this some thought, yes – your $40,000 per year does earn you what we deem as “a good living.”

Monthly Budget for $40,000 a Year Salary

Assuming you pay taxes, this monthly budget is calculated at the monthly cash available @ $2,700 ($633 less than salary before tax).

– Rent: $750

– Car Payment: $300

– Insurance: $150

– Gas and Electricity Bill: $200

– Groceries: $300 (includes healthy food, produce)

– Internet: $100

– Cell Phone: $100

– Student Loan Payment: $200

– Personal items: $100

– Savings Account: $500 (minimum)

Total = $2700 exactly

(Keep in mind this budget does not include any entertainment or eating out, and is calculated for one person with all of these necessities.)

You can squeeze out extra dollars out of some of these with slightly cheaper groceries and a smaller car but it wouldn’t really make that much of a difference.

Now you see that while $40k may seem like a lot of money at first glance, it’s important to look at how many expenses deplete it very quickly!

Can You Support a Family With $40,000 a Year?

The answer is: Yes.

Will it be easy as the sole bread-winner? No.

$40,000 a year can support a middle class lifestyle: You will have more stuff than somebody living paycheck to paycheck for sure.

Some people live comfortably on much less than $40,000 per year but it’s not what you would call living the good life or even the middle-class dream especially if raising a family on this. You will be able to have enough money for food and shelter, which is all that matters when you are trying to keep people alive (or at least as happy as possible).

If you want more luxury items including family vacations then your annual income needs to go up substantially over $40k/year.

So the question becomes what type of life do you want to live?

Is $40,000/year too low of a salary for me? And what should be my career goal going forward if that is indeed true?

How To Make More Than $40,000 Per Year

I strongly recommend finding a side hustle.

With a full-time job, the amount of work it takes to make $40k can be demanding and exhausting.

But you’ve got to stay positive. One thing that helps is positive affirmations about money. Keep repeating them while you continue the grind to make it financially.

A lot of people even have two jobs but this limits your time with family or friends because you can’t take weekends off anymore for them.

But with a side hustle using an online business, you can work your 8 hours per day while building your business at the same time.

It doesn’t take much at all to start your own website blog these days.

Many people have even found success by just posting on Instagram regularly and building up a following that they later monetize per post.

Jobs that pay 40000 a year

Now you know the answer to 40000 a Year is How Much an Hour, what next?

There are many recruitment agencies and websites around the web that have vacancies for jobs that pay $40,000 per year.

Even if you have absolutely no experience you can get a job that pays the 40000 a year on sites like Indeed and others.

Happy job hunting!