Looking for a new or a part time job with benefits?
Or perhaps you’re heading off to college and are thinking about your future career?
Whatever the case, when looking at a job, most of us have one thing in mind – what’s the salary like?
Obviously we all want jobs that pay 6 figures or more. But you might have seen some jobs that pay $60,000 a year.
And according to a report from The Hamilton Project more than half of American families make $60,000 a year or less!
Is that a good income?
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And, just how much does $60k a year work out to per hour?
Well, that’s what today’s post is all about. Below, I’ll cover how much $60,000 is an hour, as well as how much that salary breaks down to monthly, weekly, biweekly, and even hourly.
That’s not all. In this post, I’ll also give you a list of jobs where you can earn $60k a year!
If you’ve ever wondered how much $60k works out to per hour, then read our post!
What will I learn?
$60,000 a Year is How Much an Hour?
There are around 2080 work hours in a year based on the 40-hour work week multiplied by 52 weeks in a year. This means that $60,000 a year works out to $28.85 an hour.
$60,000 a year is how much a month?
$60,000 a year works out to $5,000 a month.
$60,000 a year is how much a week?
$60,000 a year works out to $1,153.85 per week.
$60,000 a year is how much biweekly?
$60,000 per year works out to $2,307.70 biweekly.
$60,000 a year is how much per day?
$60,000 works out to about $230.80 ($28.85 x 8 hours).
$60,000 a year is how much after taxes?
Okay, so the figures above refer to income before taxes. This means you will take home less than that once taxes have been taken off your income.
Exactly how much you will earn depends on the state you live in.
You could earn anywhere from $44,800 to $49,000 a after taxes.
Some states, of course, have no income tax at all.
States that don’t have income tax include:
- New Hampshire
- South Dakota
How much is your paycheck if you make $60,000 a year?
Like I said before, how much you pay in taxes depends on the state you live in. If we use the example income range of $44,800 to $49,000 a after taxes, this gives you a take-home paycheck of:
- $861.53 to $942.30 for a weekly paycheck.
- $1,723.07 to $1,884.61 for a biweekly paycheck.
- $3,733.33 to $4,083.33 for a monthly paycheck.
How Similar Salaries Work Out
Below, I just wanted to cover how much similar salaries work out per hour.
$70,000 a year is how much an hour?
$70k a year is around $33.65 an hour.
$65,000 a year is how much an hour?
$65k a year is $31.25 an hour.
$55k a year is how much an hour?
$55,000 a year is $26.44 an hour.
$50,000 a year is how much an hour?
$50k a year is about $24.04 an hour.
$40,000 a year is how much an hour?
$40k a year is $19.23 an hour.
Is $60,000 a Year a Good Salary?
Yes! $60,000 a year is a really good salary to live comfortably on.
Now, of course, it’s important to note that everyone is different. Whether you make $30,000 per year, $60,000 or $100,000 or more, if you have no children and no debts, for example, your income is going to go further than someone who has a family and debts.
Also, where you live has an effect. $60k a year will go further in a cheaper state like Kansas or Missouri than it would in a more expensive state like California or Oregon.
So, whether or not $60k is a good salary is very subjective with lots of factors determining how far your money will go. Overall, though, it’s a good income!
Jobs that Pay $60k a Year
Okay, so you might be wondering, which jobs actually pay that $60k salary. In this section, I just wanted to cover some careers in this pay range.
Here are some jobs that pay $60 or more per year.
- Pay range: $35,000 to $97,000 per year.
2. Project manager
- Pay range: $56,000 to $136,000 per year.
3. IT Engineer
- Pay range: $65,000 to $161,000 per year.
4. Stationary Engineer
- Pay range: $49,000 to $121,000 a year.
5. Real estate agent
- Pay range: $35,000 to $130,000 per year.
- Pay range: $36,000 to $97,000 a year.
- Pay range: $20,500 to $152,000 a year.
8. Marketing manager
- Pay range: $60,000 to $180,000 per year.
9. Certified Public Accountant (CPA)
- Pay range: $45,000 to $130,000
10. Elevator installer and repairer
- Pay range: $45,950 to $128,500
$60,000 is a pretty great income. It’s especially great if you live in a state that doesn’t have any income tax.
Do you think $60k a year or $28.85 an hour is a good income? Let us know in the comments section below!