How the number is calculated
$14 × 40 hours × 52 weeks = $29,120
A full-time US job is usually counted as 40 hours a week and 52 weeks a year, or 2,080 paid hours. Multiplying $14 by 2,080 gives the gross yearly pay. If your two weeks of vacation are unpaid, use 50 weeks instead: $28,000 a year.
$14 an hour at different schedules
| Hours a week | Weekly | Monthly | Yearly |
|---|---|---|---|
| 20 hours | $280.00 | $1,213.33 | $14,560 |
| 25 hours | $350.00 | $1,516.67 | $18,200 |
| 30 hours | $420.00 | $1,820.00 | $21,840 |
| 32 hours | $448.00 | $1,941.33 | $23,296 |
| 35 hours | $490.00 | $2,123.33 | $25,480 |
| 37.5 hours | $525.00 | $2,275.00 | $27,300 |
| 40 hours | $560.00 | $2,426.67 | $29,120 |
| 45 hours | $630.00 | $2,730.00 | $32,760 |
| 50 hours | $700.00 | $3,033.33 | $36,400 |
Overtime at $14 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 $14 an hour, that is $21.00 per overtime hour. Five overtime hours a week add $105.00 a week, or about $5,460 a year.
A 50/30/20 budget on $14 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 $2,427 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% | $1,213 |
| Wants | 30% | $728 |
| Savings and debt | 20% | $485 |
$14 an hour is 1.9 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.