How the number is calculated
$11 × 40 hours × 52 weeks = $22,880
A full-time US job is usually counted as 40 hours a week and 52 weeks a year, or 2,080 paid hours. Multiplying $11 by 2,080 gives the gross yearly pay. If your two weeks of vacation are unpaid, use 50 weeks instead: $22,000 a year.
$11 an hour at different schedules
| Hours a week | Weekly | Monthly | Yearly |
|---|---|---|---|
| 20 hours | $220.00 | $953.33 | $11,440 |
| 25 hours | $275.00 | $1,191.67 | $14,300 |
| 30 hours | $330.00 | $1,430.00 | $17,160 |
| 32 hours | $352.00 | $1,525.33 | $18,304 |
| 35 hours | $385.00 | $1,668.33 | $20,020 |
| 37.5 hours | $412.50 | $1,787.50 | $21,450 |
| 40 hours | $440.00 | $1,906.67 | $22,880 |
| 45 hours | $495.00 | $2,145.00 | $25,740 |
| 50 hours | $550.00 | $2,383.33 | $28,600 |
Overtime at $11 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 $11 an hour, that is $16.50 per overtime hour. Five overtime hours a week add $82.50 a week, or about $4,290 a year.
A 50/30/20 budget on $11 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 $1,907 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% | $953 |
| Wants | 30% | $572 |
| Savings and debt | 20% | $381 |
$11 an hour is 1.5 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.