How the number is calculated
$45 × 40 hours × 52 weeks = $93,600
A full-time US job is usually counted as 40 hours a week and 52 weeks a year, or 2,080 paid hours. Multiplying $45 by 2,080 gives the gross yearly pay. If your two weeks of vacation are unpaid, use 50 weeks instead: $90,000 a year.
$45 an hour at different schedules
| Hours a week | Weekly | Monthly | Yearly |
|---|---|---|---|
| 20 hours | $900.00 | $3,900.00 | $46,800 |
| 25 hours | $1,125.00 | $4,875.00 | $58,500 |
| 30 hours | $1,350.00 | $5,850.00 | $70,200 |
| 32 hours | $1,440.00 | $6,240.00 | $74,880 |
| 35 hours | $1,575.00 | $6,825.00 | $81,900 |
| 37.5 hours | $1,687.50 | $7,312.50 | $87,750 |
| 40 hours | $1,800.00 | $7,800.00 | $93,600 |
| 45 hours | $2,025.00 | $8,775.00 | $105,300 |
| 50 hours | $2,250.00 | $9,750.00 | $117,000 |
Overtime at $45 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 $45 an hour, that is $67.50 per overtime hour. Five overtime hours a week add $337.50 a week, or about $17,550 a year.
A 50/30/20 budget on $45 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 $7,800 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% | $3,900 |
| Wants | 30% | $2,340 |
| Savings and debt | 20% | $1,560 |
$45 an hour is 6.2 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.