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## How Much Is **28 Dollars** An Hour Per Year?

To calculate how much you will get paid per year, let’s assume you work 52 weeks of the year (with 2 weeks paid time off). If you are working a full-time job, you will be working 40 hours per week on average.

40 hours multiplied by 52 weeks is **2,080 working hours in a year.**

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**$28** per hour multiplied by 2,080 working hours per year is an annual income of **$58,240** **per year.**

## Simple Tools To Live On $28 An Hour

## What If You Don’t Get Paid Time Off?

If you don’t get paid vacation, let’s assuming you are working 50 weeks of the year (with 2 weeks unpaid time off). And we’ll assume you work an average of 40 hours per week.

40 hours multiplied by 50 weeks is **2,000 working hours in a year**.

Now simply multiply your hourly rate by the number of working hours in the year.

**$28 **per hour multiplied by 2,000 working hours per year is an annual income of **$56,000 per year.**

## How Many Working Days Are In A Year (**2020**)?

For a more accurate calculation, you can calculate EXACTLY how many working days are in the year.

For the year **2020**, it’s a leap year, so there are **366 days in the year**. Here’s how the days break down:

262 Weekdays104 Weekend Days (woohoo!)

Assuming your are working each weekday, 8 hours per day, here is how many hours you will work:

262 work days multiplied by 8 hours per day is **2,096 working hours in 2020**

**$28** an hour multiplied by 2,096 working hours is **$58,688 income per year**

**This does not include any overtime hours worked*

## How Much Is **$**28 An Hour Per Month?

If you want to see how much **$28 **an hour is a month, we need to know how many working hours there are in a month.

If we divide the total working hours in a year by 12 (months), we can see how many working hours are in a month.

**2,096 hours a year** divided by 12 is about **175 working hours per month** on average.

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So to calculate your monthly income, see below:

**$28** an hour multiplied by **175 hours** per month is **$4,900 per month income **on average.

## How Much Is **$**28 An Hour Per Week?

If you want to break it out by week, let’s assume your working a normal 40-hour week.

So to calculate your weekly income, see below:

**$28** an hour multiplied by 40 hours per week is **$1,120 per week income.**

## How Much Is **$**28 An Hour Per Day?

Let’s see how much you can make per day on **$28** an hour. Assuming you are working a typical 8-hour workday, here’s the answer:

**$28** an hour multiplied by 8 hours per day is **$224 per day income**.

## Comparison Table Of $28 An Hour

**$28 An Hour**

**Total Income**

Yearly (52 weeks) | $58,240 |

Yearly (50 weeks) | $56,000 |

Yearly (262 Work Days) | $58,688 |

Monthly (175 Hours) | $4,900 |

Weekly (40 Hours) | $1,120 |

Daily (8 Hours) | $224 |

Monthly Take Home (175 Hours) | $3,807 |

## Example Budget For **$**28 Per Hour

Now that you know how much you can make per year, per month and weekly, let’s see how a typical budget can look making **$28** per hour.

Remember, for your budget, you need to calculate the estimated take-home pay.

Taking the **$28** an hour monthly income of **$4,900**, minus taxes, the estimated take home pay is **$3,807 **(varies by state and paycheck deductions)

Sample Monthly Budget For **$28** An Hour:

**Category**

**Budget**

**Percentage**

Income | $3,807 | |

Giving | $381 | 10% |

Saving | $381 | 10% |

Food | $381 | 10% |

Utilities | $381 | 10% |

Housing costs | $952 | 25% |

Transportation | $381 | 10% |

Health | $190 | 5% |

Insurance | $381 | 10% |

Recreation | $190 | 5% |

Personal spending | $190 | 5% |

Total Expenses |
$3,807 |

As you can see, this budget allows for saving a decent amount (almost $400 per month), and would be great for a young couple, possibly renting an apartment. Finding housing for less than $1,000/mo is tough, but there are many part of the country this is doable.

I would not suggest buying a house on **$28** an hour (unless you can put 20% down and keep monthly housing costs below $1,000), but you can still save a few hundred per month. I recommend that money go to your 401k, investing toward retirement with your company match.

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Don’t like the budget? Grab your own budget template below and plug in your numbers for your **$28** an hour budget.