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18 Dollars An Hour Is How Much A Year: Can You Live Off Of It?

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18 dollars an hour is how much a year? Calculate your annual, monthly, and weekly salary (before and after taxes) and determine whether you can actually live off of $18 an hour.

This post is a complete guide to making $18 an hour including how much you’ll earn per year, month, and week (before and after taxes). You’ll also discover the answer to “Can I live off $18 an hour?” We even include a sample budget to get you started. Finally, we break down the best jobs that earn 18 dollars an hour without a degree!

Let’s get to it.

woman jumping surrounded by cash-18 dollars an hour is how much a year

18 Dollars an hour is how much a year

$18 an hour is $37,440 per year.

Here’s how we arrived at this number:

40 hours of work per week multiplied by 52 (the number of weeks in a year) equals 2,080 hours worked per year.

Multiply the total hours worked per year (2,080) by $18 to get $37,440. This is the amount you’ll make per year before taxes.

Working full-time

For the record, in America, if you work between 35-40 hours a week, you are considered a full-time employee.

Our calculations above are based on a 40-hour workweek multiplied by 52 weeks a year.

If you work 35 hours per week and earn $18 an hour, you will make $32,760 per year.

35 hours per week multiplied by 52 weeks in the year is 1,820 hours worked. If you multiply 1,820 by $18 an hour, you get $32,760.

Working part-time

Part-time is considered anything under 35 hours worked per week. Typically, part-time employees work between 20-29 hours a week.

If you work 25 hours per week at $18 an hour, you will earn $23,400 a year before taxes.

How much is 18 dollars an hour a year after taxes?

If you make $37,440 a year, you’ll pay 15.1% (on average) of your income in federal taxes, social security, and Medicare. You’ll pay even more if you live in a state that collects an income tax.

This brings your approximate annual take-home pay to $31,769 if you work full-time (40 hours per week) and about $20,473 a year if you work part-time (25 hours per week).

Now, let’s address the elephant in the room…

Can you live off of $18 an hour?

The US Census Bureau estimates that the annual median personal income for 2019 was $35,977. So, if you make $37,440 (or more) a year, you can consider yourself just above average (as far as earnings in America go).

The bright side is that a full-time job making $18 an hour would put you well above poverty guidelines ($12,750 a year) for a single individual.

Related: Can you live on $30 an hour?

That’s all well and good, but can you live (comfortably) on $18 an hour?

According to a recent study by Go Banking Rates you can’t.

Based on a recent survey they conducted, which took into account rising housing costs as well as basic living expenses, you’ll need to earn anywhere between $58,321 a year (to get by in Mississippi) all the way up to a minimum of $136,437 a year to get by in Hawaii.

I mean, really…who wants to live in Hawaii anyway?

I don’t know what kind of MATH their smoking because, up until recently, our family has never earned more than $50,000 a year…

In fact…

My husband and I lived on $40,000 ($19.23) an hour for years while raising our (3) children in Colorado (which has a state income tax), and somehow, we managed to survive.

We even bought a nice 3 bedroom 2 bath home on that salary which we later sold (in just 24-hours) for a tidy profit.

Currently, my son manages to live well on just $15 an hour, working part-time while living in a city with a high cost of living index.

Based on personal experience, if you are single, and live in an area with a low cost of living, you can live quite well on $18 an hour.

Can you buy a house making $18 an hour?

Mmmmm…MAYBE.

The answer to “can you buy a house when you make $18 an hour” is a tricky one that depends on a handful of factors.

For example, if you:

  • Have a healthy savings account
  • Know how to budget
  • Live in a low-cost of living area
  • Have a debt-to-income ratio <43%

Then, yes, you can afford to buy a (modest) home on $37,400 a year.

However, if you:

  • Struggle to live on a budget
  • Live in a city with a high cost of living index
  • Have a debt-to-income ratio >43%
  • Work less than full-time

You cannot afford to buy a house on $18 an hour.

Tips to live on $18 an hour

As I mentioned earlier, my son lives well on $15 an hour in a big (expensive) city. Here’s how he does it:

  1. With the exception of a small student loan (he does not have any debt)
  2. He keeps his food costs low
  3. He lives with a roommate
  4. He’s frugal and budgets his money wisely
  5. He lives on less than he earns

Ways to make more money if $18 an hour isn’t enough

If the tips above don’t appeal to you, there are a plethora of ways to increase your income if you find that $18 doesn’t quite get you the lifestyle of your dreams.

You can:

Jobs that earn $18 an hour

According to the U.S. Bureau of Labor Statistics, the majority of jobs that make $18 an hour do not require prior experience or formal education, however, you will need a high school diploma to be considered for employment just about anywhere.

JobAverage pay (per hour)What they do
Animal Control Worker$18.07Controls abandoned, dangerous, or unattended animals
Audiovisual Equipment Install/Repair$18.99Install, repair, or adjust audio or other electronic entertainment equipment in homes or other venues
Camera Repair Tech$18.69Repair and adjust cameras and photographic equipment, including commercial video and motion picture camera equipment
Crushing, Grinding, and Polishing Machine Setter$18.06Set up, operate, and repair machines that crush, grind, or polish materials
Healthcare Support Worker$18.49Home health aides, nursing assistants, physical therapy assistants
Quality Control Inspector$18.82Examine products and materials for defects
General Maintenance and Repair Worker$18.79Fix and maintain machines, mechanical equipment, and buildings
Motorcycle Mechanic$18.19 Inspect, service, and repair motorized power equipment
Optician$18.19 Help fit eyeglasses and contact lenses, following prescriptions from ophthalmologists and optometrists.
Pipe Layer$18.66Lay pipe for storm or sanitation sewers, drains, and water mains
U.S. jobs earning $18 an hour-Savvy Budget Boss

Sample budget for $18 an hour

Here’s a sample budget example for someone who earns $2,647 per month after taxes using a 70/20/10 budget (70% of income spent on monthly expenses including entertainment, 20% set aside for retirement & savings, and 10% allocated for debt repayment):

ExpenseAmount
Rent/Mortgage$950
Utilities$150
Transportation$225
Groceries$300
Charitable Contributions$100
Entertainment$127.90
Long/Short-Term Savings$529.40
Debt Repayment$264.70
sample budget $18 an hour-Savvy Budget Boss

How much is $18 an hour per day?

$18 dollars an hour times 8 hours equals $144 a day before taxes. After taxes, you’ll net about $122 per day if you work full-time.

If you work 5 hours a day at 18 dollars an hour, you’ll take home approximately $79 a day after taxes.

How much is 18 dollars an hour per week?

18 dollars an hour at 40 hours a week is $720 per week (before taxes) and around $611 per week after taxes.

$18 dollars an hour at 25 hours a week (part-time) is $450 per week (before taxes) and about $394 after taxes.

How much is $18 an hour bi-weekly?

$35 an hour (@40 hours a week) is $1440 every (2) weeks before taxes. This averages out to around $1,324 bi-weekly after taxes.

If you work 25 hours a week earning $18 an hour, you’ll take home around $853 every 2 weeks.

How much is 18 dollars an hour per month?

If you work 40-hours a week at $18 an hour, you’ll gross $3120 per month.

You’ll take home (net) around $2,647 a month if you earn $18 an hour and work 40 hours a week.

Working part-time (25 hours a week) making $18 an hour, you’ll gross $1,950 a month and take home (net) about $1,706 a month.

$18 an hour final thoughts

In short, 18 dollars is $37,440 a year which is above the minimum wage and is enough to live on in most areas as long as you do not have any dependents.

Most jobs earning $18 an hour do not require a degree and are in stable, high-growth industries such as manufacturing, health care, and technical fields. The majority of these jobs offer opportunities for growth relative to training/increased education.

If you learn the importance of budgeting, live a frugal lifestyle, and look for ways to increase your income as your expenses increase, there’s a good chance you’ll do just fine on $18 an hour.

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