How the number is calculated
$38 × 40 hours × 52 weeks = $79,040
A full-time US job is usually counted as 40 hours a week and 52 weeks a year, or 2,080 paid hours. Multiplying $38 by 2,080 gives the gross yearly pay. If your two weeks of vacation are unpaid, use 50 weeks instead: $76,000 a year.
$38 an hour at different schedules
| Hours a week | Weekly | Monthly | Yearly |
|---|---|---|---|
| 20 hours | $760.00 | $3,293.33 | $39,520 |
| 25 hours | $950.00 | $4,116.67 | $49,400 |
| 30 hours | $1,140.00 | $4,940.00 | $59,280 |
| 32 hours | $1,216.00 | $5,269.33 | $63,232 |
| 35 hours | $1,330.00 | $5,763.33 | $69,160 |
| 37.5 hours | $1,425.00 | $6,175.00 | $74,100 |
| 40 hours | $1,520.00 | $6,586.67 | $79,040 |
| 45 hours | $1,710.00 | $7,410.00 | $88,920 |
| 50 hours | $1,900.00 | $8,233.33 | $98,800 |
Overtime at $38 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 $38 an hour, that is $57.00 per overtime hour. Five overtime hours a week add $285.00 a week, or about $14,820 a year.
A 50/30/20 budget on $38 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 $6,587 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% | $3,293 |
| Wants | 30% | $1,976 |
| Savings and debt | 20% | $1,317 |
$38 an hour is 5.2 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.