$15 an Hour Is How Much a Year? (2026)
Quick Answer
$15 per hour is approximately $31,200 per year, $2,600 per month, and $600 per week before taxes.
After taxes, $15/hr take-home is approximately $27,153/year — varies by state and filing status.
Annual (Gross)
$31,200
Monthly (Gross)
$2,600
Annual (Net)
$27,153
Monthly (Net)
$2,263
Customize Your Calculation
Annual: $31,200
Gross Pay Breakdown
After-Tax Estimate (Texas)
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How Does $15/Hour Compare?
$15/hr is below the US median hourly wage of ~$22
Workers earning this rate are in roughly the bottom 40% of wage earners.
Federal Minimum
$7.25/hr
~$15k/yr
US Median Wage
~$22/hr
~$46k/yr
This Wage
$15/hr
$31,200/yr
At $$15/hr you are in the bottom 30% of US earners — below the US median individual income of ~$40k.
$15/hr vs Nearby Rates — Side-by-Side
$15 Per Hour — Full Breakdown
Yearly perspective — how much is $15/hr a year?
An hourly wage of $15 translates to roughly $31,200 per year when working a standard 40-hour week, or about $2,600 per month.
Monthly lifestyle — what does $15/hr mean each month?
Your gross monthly income at $15/hr is $2,600. After federal and Texas taxes, your estimated monthly take-home is $2,263.
Weekly earnings — short-term budgeting at $15/hr
A 40-hour week at $15/hr earns $600 gross. Each 8-hour shift brings in $120 before deductions.
After-tax income estimate
In Texas, a $15 hourly wage yields approximately $27,153 per year after taxes, with an effective rate near 13.0%. No state income tax. Actual take-home pay may vary by state and filing status.
To understand how this wage compares to other earners nationally, see what makes a good salary in the US. Cost of living plays a major role in how far $15/hr goes — compare purchasing power by state. You can also calculate exact take-home pay for any salary using our take-home pay calculator.
Based on a standard 40-hour work week. Using estimated US tax rates — actual take-home pay may vary by state. Common searches: "$15 an hour is how much a year," "$$15 per hour annual salary," "$15 an hour after tax," "$15 an hour monthly."
What Can You Afford on $15/hr?
Housing Budget
~$780/month (30% housing guideline)
Savings Potential
5–10% of income (~$2,340/year)
Lifestyle Notes
A modest but livable income in many mid-sized US cities. Dining out occasionally and saving a small emergency fund is achievable.
Is $15/hr a Good Wage?
Low income: $15/hr places you in the bottom 30% of US wage earners. At $31,200/year, this is below the US median individual income of ~$40k.
Whether $$15/hr is "good" depends on where you live. In low cost-of-living states, $15/hr provides meaningful financial flexibility. In high-cost metros, the same wage goes much further in purchasing power.
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Essential Salary Guides
Understand Your Salary
Put $15/hr in context with these essential guides.
What is a good salary?
See where you rank among all US earners by percentile.
Salary vs. cost of living
Compare real purchasing power across all 50 states.
Salary inflation calculator
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Take-home pay explained
Understand exactly what's deducted from your paycheck.