How the number is calculated
$10 × 40 hours × 52 weeks = $20,800
A full-time US job is usually counted as 40 hours a week and 52 weeks a year, or 2,080 paid hours. Multiplying $10 by 2,080 gives the gross yearly pay. If your two weeks of vacation are unpaid, use 50 weeks instead: $20,000 a year.
$10 an hour at different schedules
| Hours a week | Weekly | Monthly | Yearly |
|---|---|---|---|
| 20 hours | $200.00 | $866.67 | $10,400 |
| 25 hours | $250.00 | $1,083.33 | $13,000 |
| 30 hours | $300.00 | $1,300.00 | $15,600 |
| 32 hours | $320.00 | $1,386.67 | $16,640 |
| 35 hours | $350.00 | $1,516.67 | $18,200 |
| 37.5 hours | $375.00 | $1,625.00 | $19,500 |
| 40 hours | $400.00 | $1,733.33 | $20,800 |
| 45 hours | $450.00 | $1,950.00 | $23,400 |
| 50 hours | $500.00 | $2,166.67 | $26,000 |
Overtime at $10 an hour
Under the federal Fair Labor Standards Act, non-exempt employees earn at least 1.5 times their regular rate for hours over 40 in a workweek. At $10 an hour, that is $15.00 per overtime hour. Five overtime hours a week add $75.00 a week, or about $3,900 a year.
A 50/30/20 budget on $10 an hour
The 50/30/20 rule splits take-home pay into needs, wants and savings. Taxes depend on your state, filing status and benefits, so the split below uses gross pay of $1,733 a month as a starting point. Use the 50/30/20 budget calculator with your actual take-home pay.
| Category | Share | Monthly (gross) |
|---|---|---|
| Needs | 50% | $867 |
| Wants | 30% | $520 |
| Savings and debt | 20% | $347 |
$10 an hour is 1.4 times the federal minimum wage of $7.25. Many states and cities set a higher minimum, so check your state labor department for the local rate.
Want a different rate or schedule? Try the salary to hourly calculator.