$15 an hour is $31,200 a year
At 40 hours per week for 52 weeks (2,080 hours), $15 per hour works out to $31,200 a year — $2,600.00 a month, $1,200.00 biweekly, and $600.00 a week before taxes. This is squarely in the range of skilled service, logistics, healthcare-support, and trade roles — the wage band where overtime hours and pre-tax benefits make the biggest relative difference.
Full conversion table
| Period | Gross pay | After tax (single, 2026)* |
|---|---|---|
| Hourly | $15.00 | $13.10 |
| Daily (8 hrs) | $120.00 | $104.80 |
| Weekly | $600.00 | $524.02 |
| Biweekly | $1,200.00 | $1,048.05 |
| Monthly | $2,600.00 | $2,270.77 |
| Annually | $31,200 | $27,249 |
*After federal income tax ($1,564, effective rate 5.0%) and FICA ($2,387), single filer with the 2026 standard deduction of $16,100; before state tax. Run your own numbers in the paycheck calculator.
Part-time and reduced schedules
| Hours per week | Weekly | Annual (52 weeks) |
|---|---|---|
| 20 hours | $300.00 | $15,600 |
| 25 hours | $375.00 | $19,500 |
| 30 hours | $450.00 | $23,400 |
| 35 hours | $525.00 | $27,300 |
Overtime changes the math fast
Overtime at time-and-a-half pays $22.50/hour. Five OT hours a week lifts annual gross to $37,050; ten OT hours reaches $42,900 — $11,700 more than the straight-time year. And through 2028, up to $12,500 of the overtime premium is deductible from federal income tax under the OBBBA — see our guide to the new deductions.
How this compares
$15/hour is 2.1× the federal minimum wage ($15,080/year) and below median U.S. individual earnings of roughly $60,000. Compared with adjacent rates: $14/hour earns $29,120 and $16/hour earns $33,280 — each $1/hour of raise is worth $2,080 a year.