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$60,000 A Year Is How Much An Hour? [2022 Guide]

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How much is an hour worth to you? $28.85 That’s the answer if you work full-time making $60,000 a year. What does that mean for your lifestyle? Can you live comfortably on $60,000 a year? Let’s find out!

$60000 a year is how much an hour graphic with wallet and money bag
$60,000 a year is how much an hour?

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$60K a year is how much an hour

If you work full-time (40 hours per week) and earn $60,000 a year, you will make $28.85 an hour.

Here’s the math:

40 hours per week multiplied by 52 weeks in a year equals 2080 total work hours per year.

$60,000 / 2080 (work hours per year) = $28.85 per hour

If you make $60,000 a year on salary pay (not paid by the hour), you may end up working more than 40 hours a week for the same pay. As a result, your hourly pay of $28.85 would decrease for each additional hour of work.

$60,000 a year is how much per paycheck?

Now that you know the answer to 60000 a year is how much an hour, you can calculate exactly how much you’ll make per paycheck.

$60,000 a year is how much a day

To find out how much you’ll earn per day if you clear 60K per year, simply take your hourly rate ($28.85) and multiply it by how many hours you work (or plan to work) each day.

For example,

$28.85 X 8 (hours a day) = $230.80

You’ll make $230.80 per day (gross income) if you work full-time making $60,000 a year. Not too shabby.

$60,000 a year is how much per week

To calculate how much money you’ll earn per month if you make 60K a year, just multiply your daily pay ($230.80) by the number of days you work per week (usually 5 if you work full-time).

Note: You can also determine your weekly pay by dividing $60,000 by 52 (# of weeks in a year).

$230.80 (daily wage) X 5 (# of days worked) = $1,154

You’ll earn $1,154 a week before taxes if you work full-time @60K a year.

60000 a year is how much biweekly

Now, let’s see how much you’ll make biweekly with a yearly salary of $60,000.

Since there are 26 biweekly pay periods in a year, you’ll need to divide your annual pay by 26 to find out how much you’ll earn per paycheck if you’re paid biweekly.

$60,000 / 26 = $2,308 (rounded to nearest dollar)

I don’t know about you, but, I’m liking these numbers!

60K a year is how much per month

Finally, to figure out how much you’ll make per monthly paycheck if your income is $60,000 a year, simply divide your annual salary by 12.

$60,000 / 12 = $5,000

If you are paid monthly and make $60,000 a year, your paycheck will be $5,000.

How much is $60,000 a year after taxes?

Now, here’s where things get a bit more complicated.

While federal income taxes are the same regardless of where you live in America, state income taxes vary by state.

So…if you live in Hawaii, you’ll take home less than if you live in Florida.

That said, you can expect to pay about 21% of your pay in income taxes if you make 60K a year.

Here’s a quick breakdown of how much tax you can expect to pay (on average) if you earn $60,000 per year in the US:

*Note: this table includes totals for State Income tax, Federal Income tax, Social Security, and Medicare contributions. It does not include property taxes, sales taxes, and other deductions/expenses.

StateIncome Tax ($)Total Tax
(% of income)
Net pay
New Hampshire$10,77818.0%$49,223
New Jersey$12,55120.9%$47,449
New Mexico$13,13921.9%$46,861
New York$14,02023.4%$45,980
North Carolina$13,41322.4%$46,588
North Dakota$11,49319.2%$48,508
Rhode Island$13,80823.0%$46,193
South Carolina$14,51524.2%$45,485
South Dakota$10,77818.0%$49,223
West Virginia$13,55322.6%$46,448
(Source) Taxes on $60,000 a year by state. Permission to share with attribution to Savvybudgetboss.com

You’ll notice from the chart above, that only (9) states do not tax income. They are:

  • Alaska
  • Florida
  • Nevada
  • New Hampshire
  • South Dakota
  • Tennessee
  • Texas
  • Washington
  • Wyoming

$60,000 a year before and after taxes

The calculations on the chart below are based on working 40 hours per week @ $60,000 per year.

Time period# of hours workedIncome before taxesIncome after taxes (average)
Monthly (average)174$5,000$3,964
Yearly (with unpaid vacation)2,000$57,700$46,036
Yearly (with paid vacation)2,080$60,000$47,571
$60,000 a year before and after taxes-Savvy Budget Boss

Can you buy a house on $60,000 a year?

You can absolutely buy a house if you make $60,000 a year!

As long as your financial ducks are in a row, that is.

Here are some helpful tips to set yourself up for home buying success:

How to budget (and live on) $60,000 a year

You’ve probably heard the saying,

If you fail to plan, you plan to fail.

This is especially true when it comes to budgeting. Regardless of whether you earn $20,000 a year or $100,000 a year.

graphic with debit card and quote bubbles showing items one might purchase.

Below is a budget example for someone whose take-home pay is $3,964 per month using a 50/30/20 budget.

With a 50/30/20 budget:

  • 50% of your (take home) income should go towards necessities, like rent, groceries, and utilities
  • 30% is for non-essentials and can be used for things like dining out, entertainment, and clothes
  • 20% should be set aside for savings and debt repayment
Health/Life Insurance$122
Long/Short-Term Savings$396.40
Debt Repayment/Charitable Contributions$396.40
$60,000 a year monthly budget example-Savvy Budget Boss

Here’s another budget example for someone who earns a monthly income of $3,964 after taxes based on 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
Debt Repayment/Charitable Contributions$396.40
Health/Life Insurance$200.00
Long/Short-Term Savings$792.80
Sample budget $60,000 a year-Savvy Budget Boss

Tips for living on $60,000 a year

$60,000 is a healthy salary, but you’ll want to be careful and avoid ‘lifestyle creep’ if you want to make the most of your income.

Here are some tips for living well on any income:

  1. Always (and I mean always) live on less than you earn
  2. Keep your housing, groceries, and transportation costs in check (aka, budget like a mother trucker)
  3. Avoid debt like the plague
  4. Set aside a healthy rainy day fund
  5. Compare rates on home and auto insurance to get the most bang for your buck
side hustle colorful dice 60000 a year is how much an hour
Make more money with a part-time side hustle

$60,000 a year not enough? Make more money!

If you find you struggle to get by on 60K, you’re not alone.

Despite the fact that an annual salary of $60,000 puts you smack dab in the middle of the Middle Class; rising housing costs, gas, and food prices can quickly eat away at your income.

Fear not! There are plenty of (relatively) simple ways to increase your income without selling your soul (or even getting another ‘job’).

Here are some of my go-to ideas to increase your income:

Is 60K a good salary?

So, what’s the verdict? Can you live comfortably on $60000 per year? The short answer is, yes, you can!

In fact, in many places within the US, a family of 4 can live well on $60,000.

In America, the median household income for 2020 was $67,521. So, your income is considered pretty average if you have a family and make $60,000.

Jobs that make $60,000 per year

The chart below details jobs that earn an average annual income of 60K.

You’ll notice, all except one require a college degree.

JobEducation requiredAverage annual payWhat they do
Film/Video Editor/Camera OperatorBachelor’s Degree$61,900Manipulate moving images that entertain or inform an audience
Forensic Science TechnicianBachelor’s Degree$60,590 Aid criminal investigations by collecting and analyzing evidence
Occupational Therapy AssistantAssociate’s Degree$60,950 Help patients develop, recover, improve, as well as maintain the skills needed for daily living and working
Respiratory TherapistAssociate’s Degree$62,810 Care for patients who have trouble breathing
Dietitian/NutritionistBachelor’s Degree$63,090  Plan and conduct food service or nutritional programs to help people lead healthy lives
Public Relations SpecialistBachelor’s Degree$62,810Create and maintain a positive public image for the clients they represent
Special Education TeacherBachelor’s Degree$61,500Work with students who have a wide range of learning, mental, emotional, and physical disabilities
LibrarianMaster’s Degree$60,820Help people find information and conduct research for personal and professional use
MRI TechnicianAssociate’s Degree$63,710Operate magnetic resonance imaging (MRI) scanners to create diagnostic images
BloggerNone$60,000 Research and write articles designed for the web that inform or entertain
Jobs that pay $60,000 a year-Savvy Budget Boss (source)

$60,000 a year…final thoughts

So, what do you think? Can you live on $60,000 a year?

If you’re single or a couple with no children, you’ll do quite well on a 60K salary.

However, if you are trying to raise a family on $60,000 a year, you may find it difficult (but not impossible) to get by.

The keys to living on an hourly wage of $28.85 are to budget every dollar of income, aim to save at least 10% of your take-home pay for emergencies, and avoid unnecessary expenses so you’ll have money on hand for the important things in life.

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