$15.50 an Hour Is How Much a Year?
2026 tax year · Figures checked October 2, 2026
$15.50 an hour is $32,240 a year before taxes, working 40 hours a week for 52 weeks.
That's $2,686.67 a month, $1,240 every two weeks and $620 a week.
$15.50 an hour by pay period
| Period | Gross pay | Based on |
|---|---|---|
| Yearly | $32,240.00 | 40 hours × 52 weeks |
| Monthly | $2,686.67 | yearly ÷ 12 |
| Every two weeks | $1,240.00 | 80 hours |
| Weekly | $620.00 | 40 hours |
| Daily | $124.00 | 8 hours |
$15.50 an hour on other schedules
| Hours | Yearly | Monthly |
|---|---|---|
| 20 hours a week | $16,120.00 | $1,343.33 |
| 30 hours a week | $24,180.00 | $2,015.00 |
| 37.5 hours a week | $30,225.00 | $2,518.75 |
| 40 hours a week | $32,240.00 | $2,686.67 |
| 40 hours, 2 weeks unpaid | $31,000.00 | $2,583.33 |
| 45 hours (5 at time and a half) | $38,285.00 | $3,190.42 |
Take-home pay on $15.50 an hour
Take-home pay: $1,080.19 every two weeks
| Per paycheck | Per year | |
|---|---|---|
| Gross pay | $1,240.00 | $32,240.00 |
| Federal income tax | −$64.95 | −$1,688.80 |
| Social Security | −$76.88 | −$1,998.88 |
| Medicare | −$17.98 | −$467.48 |
| Take-home pay | $1,080.19 | $28,084.84 |
Federal taxes only: in the 9 states with no income tax on wages (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming), this is your take-home pay. Choose your state to include state taxes.
$15.50 an hour after taxes in each state
| State | State taxes | Take-home a year |
|---|---|---|
| Alabama | $1,279 | $26,806 |
| Alaska | $161 | $27,924 |
| Arizona | $645 | $27,440 |
| Arkansas | $712 | $27,373 |
| California | $719 | $27,366 |
| Colorado | $1,318 | $26,766 |
| Connecticut | $736 | $27,349 |
| Delaware | $1,241 | $26,843 |
| District of Columbia | $768 | $27,316 |
| Florida | $0 | $28,085 |
| Georgia | $860 | $27,225 |
| Hawaii | $1,207 | $26,878 |
| Idaho | $855 | $27,229 |
| Illinois | $1,451 | $26,634 |
| Indiana | $922 | $27,163 |
| Iowa | $691 | $27,394 |
| Kansas | $1,013 | $27,072 |
| Kentucky | $1,011 | $27,074 |
| Louisiana | $598 | $27,486 |
| Maine | $978 | $27,106 |
| Maryland | $1,218 | $26,867 |
| Massachusetts | $1,440 | $26,645 |
| Michigan | $1,119 | $26,965 |
| Minnesota | $1,332 | $26,753 |
| Mississippi | $558 | $27,527 |
| Missouri | $578 | $27,507 |
| Montana | $759 | $27,326 |
| Nebraska | $897 | $27,188 |
| Nevada | $0 | $28,085 |
| New Hampshire | $0 | $28,085 |
| New Jersey | $797 | $27,288 |
| New Mexico | $765 | $27,320 |
| New York | $1,347 | $26,738 |
| North Carolina | $797 | $27,288 |
| North Dakota | $0 | $28,085 |
| Ohio | $582 | $27,502 |
| Oklahoma | $905 | $27,180 |
| Oregon | $2,325 | $25,760 |
| Pennsylvania | $1,012 | $27,073 |
| Rhode Island | $1,526 | $26,559 |
| South Carolina | $785 | $27,300 |
| South Dakota | $0 | $28,085 |
| Tennessee | $0 | $28,085 |
| Texas | $0 | $28,085 |
| Utah | $1,247 | $26,838 |
| Vermont | $803 | $27,282 |
| Virginia | $1,040 | $27,045 |
| Washington | $447 | $27,638 |
| West Virginia | $840 | $27,245 |
| Wisconsin | $1,117 | $26,968 |
| Wyoming | $0 | $28,085 |
Single filer, standard Form W-4, 40 hours a week. State taxes are income tax plus payroll deductions; local taxes are not included.
Nearby hourly rates
| Hourly rate | Yearly |
|---|---|
| $14.50 an hour | $30,160.00 |
| $14.75 an hour | $30,680.00 |
| $15 an hour | $31,200.00 |
| $15.25 an hour | $31,720.00 |
| $15.75 an hour | $32,760.00 |
| $16 an hour | $33,280.00 |
| $16.25 an hour | $33,800.00 |
| $16.50 an hour | $34,320.00 |
Frequently asked questions
How much is $15.50 an hour a year?
$15.50 an hour is $32,240 a year before taxes, working 40 hours a week for 52 weeks. At 37.5 hours a week it's $30,225, and with two unpaid weeks off it's $31,000.
How much is $15.50 an hour after taxes?
About $28,085 a year, or $1,080.19 every two weeks, for a single filer after federal income tax, Social Security and Medicare (2026). State taxes lower it further in most states: take-home pay ranges from $25,760 in Oregon to $28,085 in 8 states, including Florida and Nevada.
How much is $15.50 an hour a month?
$2,686.67 a month before taxes ($32,240 ÷ 12), or $1,240 every two weeks and $620 a week.
How much is $15.50 an hour with overtime?
Overtime at time and a half pays $23.25 an hour. With 5 hours of overtime a week on top of 40, $15.50 an hour comes to $38,285 a year, $6,045 more than without overtime.
How it's calculated
Yearly pay is the hourly rate × 40 hours × 52 weeks (2,080 paid hours). Federal income tax uses the IRS percentage method in Publication 15-T; Social Security and Medicare are 6.2% and 1.45% of wages.