20 An Hour Is How Much A Year? Living Off $20 (In 2022) - Savebly

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20 an hour is how much a year? If you ask this question, you are in the right place!

We’ll answer this question and also dig deeper to see how much you’ll make on a $20 hourly wage after taxes.

Plus, we’ll see if $20 is actually a livable wage with an example budget breakdown.

And then…

You’ll get some excellent tools to make your money last longer, along with jobs that pay $20 an hour!

Now let’s jump straight into it…

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Built with ConvertKit Table of Contents

20 An Hour Is How Much A Year
How Much Is 20 An Hour A Month
20 An Hour Is How Much A Week
How Much Is $20 An Hour After Taxes
Example Budget When Making 20 Dollars An Hour
Tools To Live Off $20 An Hour
- Gabi
- Dosh
- Rakuten
- Ibotta
- Rocket Money
Jobs That Pay $20 An Hour
Ways To Make Over 20 Dollars An Hour
- Woodworker
- Re-Seller
- Candle Maker
Ways To Increase Your Salary
- Ask For A Raise
- Go For A Promotion
- Complete Further Training
Can I Live Off 20 Dollars An Hour?
Conclusion

20 An Hour Is How Much A Year

So, how much is 20 dollars an hour annually? Let’s answer this right away…

If you work 40 hours per week, which equals 2,080 hours a year then a wage of $20 an hour will earn you $41,600 a year before taxes.

Obviously, this calculation assumes that you work 40 hours a week with no overtime and with no time off or two weeks of paid time off.

Of course, the annual pay can differ from person to person depending on how many hours are worked, paid time off, and overtime pay.

Now let’s check out how much you will make a month with a wage of $20 an hour…

How Much Is 20 An Hour A Month

To calculate how much you will make a month with a $20 hourly wage we have to calculate how many hours you will work on average in a month.

The key here is on average because some months will have more working days than others so you will make more money some months and less money other months.

For simplicity we will calculate the average monthly wage you will make with an hourly wage of $20…

Since there are 2,080 working hours in a year if we divide that by 12 we get 173 working hours a month on average. 20 multiplied by 173 is a monthly wage of $3,460.

With an hourly wage of $20, you will make $3,460 a month on average before taxes.

20 An Hour Is How Much A Week

Now that we answered the question “$20 an hour is how much a year?” and we also went over how much you can make per month with $20 an hour, let’s see how much you will make a week.

This will be an easy calculation since all you need to do is multiply the number of hours you work a week by 20 to get your weekly pay.

So let’s say you work 40 hours per week…

With an hourly wage of $20, your weekly pay will be $800 before taxes.

Now, let’s get into dreadful taxes to see how much you will really make after taxes.

How Much Is $20 An Hour After Taxes

Learn how much is 20 dollars an hour after taxes

Let’s see how much you will make after taxes with an hourly wage of $20.

Calculating taxes can be a little confusing because it changes depending on the state you live in, local city, tax exemptions, etc…

Taxes depend on a lot of factors but here are some examples of what your after-tax income will look like in specific places on a $41,600 a year salary…

City	Tax Amount	Income After Taxes
New York, New York	$9,427	$32,173
Los Angeles, California	$7,436	$34,164
Dallas, Texas	$6,469	$35,131
Miami, Florida	$6,469	$35,131
Atlanta, Georgia	$8,269	$33,331
Philadelphia, Pennsylvania	$9,379	$32,221

There are way too many cities in the U.S to list here, so if the city you reside in is not listed above, check out this paycheck calculator to see what your after-tax income will be.

The calculator lets you enter in the tax deductions, allowances, and any overtime hours you have to get an accurate net income amount.

Example Budget When Making 20 Dollars An Hour

Now that we answered the question “$20 an hour is how much a year” and also a month and week, let’s check out how you can survive off of $20 an hour with an example budget.

Let’s say you live in New York for example (probably the worst place to live off of $20 an hour but let’s continue) your after-tax monthly income will be roughly $2,681.

This amount will vary due to state taxes and paycheck deductions.

Here is an example budget in this scenario…

Category	Budget	Percent Of Monthly Pay
Housing	$804.30	30%
Transportation	$402.15	15%
Insurance	$402.15	15%
Utilities	$268.10	10%
Food	$268.10	10%
Savings	$268.10	10%
Personal Spending	$134.05	5%
Fun	$134.05	5%
Total Expenses	$2,681	100%

As you can see, with an hourly wage of $20, your income is spent pretty quickly, and if you live in an expensive state like New York or California, then living off of $20 an hour can be challenging.

Obviously, this is an example budget so you will need to make adjustments and edits to fit your lifestyle and expenses.

Now that we know that $20 an hour is not that much let’s check out some tools you can use to make your money last longer…

Tools To Live Off $20 An Hour

Now that we answered the question on how much is 20 dollars an hour annually, here are some tools that I highly recommend you use to save money easily…

Gabi

Car & home insurance are expensive! This is why I highly recommend checking out Gabi.

Gabi is a free tool that you can use to compare many different car & home insurance plans to find the cheapest plans in just a few clicks.

You can get a quote for absolutely free so you have nothing to lose by using Gabi!

Check out Gabiand start saving money on car and home insurance.

Get Your Free Quote Here!

Dosh

Even if you are a very frugal person, you still have to buy necessities to live but you don’t have to pay full price for items.

This is where Dosh steps in!

Dosh is a free app that will give you cashback automatically for shopping at certain brands and there are 1,000’s of brands on Dosh so you will most likely get cashback on all your purchases!

All you need to do is sign up for a free Dosh account and then link the debit/credit cards that you use to shop with, and that’s it!

As you shop, you will get cashback into your Dosh account, and then the money can be cashed out to your PayPal, Venmo, or bank account.

I highly recommend checking out Dosh to save money automatically!

Rakuten

Another popular cashback platform that you might have heard of before is Rakuten.

Rakuten is a free cashback platform that you can use to save $ 100’s on shopping!

All you need to do is sign up for a free Rakuten account and then link your cards for in-store shopping and get the browser extension for online shopping.

Plus, when you sign up to Rakuten with my link you will get a $10 sign-up bonus when you spend $25 shopping for things you are going to buy anyway through Rakuten!

Claim Your $10 Bonus Here!

Check out Rakuten and start saving today!

Ibotta

One of the biggest expenses we all have is food, but with Ibotta you can easily save $ 100’s on food!

Ibotta is an excellent cash-back app that will give you cashback for shopping at 100’s of grocery stores and restaurants!

All you need to do is sign up for a free Ibotta account and then when you go grocery shopping just activate offers in the app that you are purchasing and then scan your receipt.

You will then get real cash deposited into your Ibotta account that can be cashed out to Paypal, your bank account, or many different gift cards.

I highly recommend using Ibotta to save money on food! It’s free so why not?!

Check Out Ibotta Here!

Rocket Money

A really awesome app that you should definitely use to save money easily is Rocket Money.

Rocket Money is an app that scans your spending and gives you an overview of what you are spending your money on.

But that’s not it…

Rocket Moneyalso shows you all the subscriptions you are paying for and lets you cancel them easily if you don’t want them anymore.

The app will also scan your monthly bills and work to negotiate lower payments for you!

Rocket Money is truly an amazing app that you should use to save money!

Use Rocket Money To Lower Your Bills!

Now that you have some great tools that will save you money easily, let’s check out some jobs that pay 20 dollars an hour…

Jobs That Pay $20 An Hour

Now that you know the answer to the question “20 dollars an hour is how much a year?” you need to find some jobs that can earn you $20 an hour.

If you are looking for some jobs that pay $20 an hour then here are some jobs to consider…

Job	Avg. Hourly Pay	Avg. Annual Wage
Vehicle Service Tech	$20.03	$41,660
Loan Clerk	$20.17	$41,960
Computer Repair	$20.23	$42,070
Record Clerk	$20.39	$42,410
Bookkeeper	$20.65	$42,960
Proofreader	$20.77	$43,200
Insurance Claims Clerk	$20.81	$43,280
First-Line Supervisor	$20.86	$43,400
Secretary	$20.87	$43,410

Source: BLS.gov

These are just a few jobs that will earn you 20 dollars an hour but there are much more!

You can check out the link to BLS above that will take you to a list of jobs and how much you can make on average with these jobs.

Now, let’s check out some ways to make over $20 an hour…

Ways To Make Over 20 Dollars An Hour

While $20 an hour is not bad at all, there is always an opportunity to make more!

Let’s check out some ways you can make more than 20 an hour, you can use these methods as a side hustle or to completely replace your job…

Woodworker

If you have a love for designing things, then consider becoming a woodworker.

As a woodworker, you can create items out of wood and sell them for a lot of money!

You can also make money repairing wooden items for people.

If you are interested in becoming a woodworker then I highly recommend checking out The Woodworkers Treasure Chest course.

This course is awesome and will teach you exactly how to become a woodworker and how to make money from woodworking!

Access The Course Here!

Re-Seller

A great way to make money is to buy items for a low price and then re-sell them for a higher price.

It’s a straightforward process, but you can make $ 1,000’s easily by simply re-selling items!

In fact, my friends Rob and Melissa make over $100,000 a year by flipping items!

So, there is definitely money to be made in re-selling items, so it’s worth checking out.

If you are unsure where to start, I recommend taking this free webinar from Rob and Melissa.

The free webinar will teach you how to re-sell items for a profit!

Access The Free Webinar Here!

Candle Maker

If you are a crafty person who likes DIY projects then consider becoming a candle maker.

As a candle maker, you will make candles to sell to customers and you can make $1,000’s doing this!

If you are interested in making money selling candles then I highly recommend checking out this Candle Making Course.

This course will teach you everything you need to know about starting a candle-making business and how to make $1,000’s selling candles online!

Learn How To Sell Candles Here!

These are some great ways to make over $20 an hour but what if you love your job and just want a pay raise?

Well, let’s check out some ways you can increase your wage…

Ways To Increase Your Salary

Now that we answered the question “$20 an hour is how much a year?” what if you want to increase your salary?

If you want your boss to increase your pay then these tips will help you get a pay increase…

Ask For A Raise

Of course, the simplest way to increase your salary is to ask your boss for a raise, but it’s not as easy as just asking for a raise.

For your boss to truly consider giving you a raise, you must show why you deserve a raise.

Put together reports of all the work you do, how productive you are, etc… and pretty much sell yourself to your boss.

This would at least make your boss consider giving you a raise and if they don’t, then ask them what needs to be done to get a raise and work towards it.

Go For A Promotion

If there is a higher-level position opening up at your company that also has higher pay then go for it!

Moving up the ladder in the company shows dedication and motivation so do what you can to keep moving up and your salary will follow.

Complete Further Training

Ask your boss if there is any further training that will benefit your role and allow you to complete different tasks and projects.

This will likely lead to an increased salary, so it’s worth checking out!

Can I Live Off 20 Dollars An Hour?

You can live off 20 dollars an hour in a rural area where the cost of living is cheaper, but in more expensive cities like NYC or San Francisco, it will be tough living off $20 an hour.

If you make $20 an hour and live in an expensive city, you will need to find ways to save money such as getting roommates, carpooling, couponing, etc…

Conclusion

We answered the question, “20 dollars an hour is how much a year” and we also went over some excellent tools to use to make your money last longer!

We also went over ways to make more than $20 an hour!

If you liked this post, I recommend checking out my post on How Much Is 6 Figures? (Plus 7, 8, 9 and 10 Figures Explained) and Tired Of Being Poor? Here’s What To Do.

Do you make $20 an hour? How are you managing with an hourly wage of $20? Let me know in the comments below!

Are you ready to take control of your money? Check out these awesome money resources which will help you to make and save $1,000’s!