Knowing your annual salary doesn’t tell you a lot. What you really want to know is how much you make per hour.
In other words, is the job worth your time for $31.25 per hour? It puts things into perspective and helps you decide what you want to do with your life.
So $65000 a year is how much an hour? We show you below.
Use our salary to hourly calculator to see your exact pay broken down and reach your financial goals!
Table of Contents
$65,000 a Year Is How Much a Month After Taxes?
If you find yourself wondering $65,000 a year is how much a month after income taxes, consider this. Your after-tax income is what you bring home, aka the money you have to pay your bills and have fun. This is the most accurate picture of what you earn, but it’s nice knowing the gross amount an employer pays.
Here’s what $65,000 a year looks like after taxes on a monthly basis.
While each state has a different tax rate, we can cover the federal taxes you’d owe. Assuming you’re paid once a month, you’d make $5,417 per month BEFORE taxes. From that amount, you’d pay federal income tax, Social Security tax, and Medicare tax.
In our example, we’ll assume you don’t have any dependents. You’d pay around $771 in federal income tax, $336 in Social Security tax, and $79 in Medicare tax. Those numbers would change if you had dependents or you had any pre-tax deductions such as health insurance or 401K contributions.
$65,000 a Year Is How Much Paid Biweekly?
If your employer pays you biweekly, you receive 26 paychecks per year. How much you receive depends on a few things. Obviously, your tax rate pays a role, but also the benefits your employer offers. Do you get paid vacation time or is it unpaid?
Your bi-weekly paychecks would be $2,500 before taxes and any other common deductions (pre-tax contributions). Bi-weekly paychecks occur every two weeks. Some months you may get two paychecks and some months you’d get three paychecks.
The same would be true if your employer paid you twice a month on the same days of the month, such as the 15th and the 30th of each month.
$65,000 a Year Is How Much a Week?
If your employer pays you weekly, you’d receive 52 paychecks per year for 52 weeks per year. Before taxes and any other deductions/contributions, your paycheck would be $1,250 per week. You’d receive four or five paychecks a month, depending on the month as some months have five weeks in them.
$65,000 a Year Is How Much a Day?
Sometimes it’s nice to know how much you get paid per day. $65,000 per year is such an ambiguous number. It doesn’t tell you exactly how much your day is worth. On those tough days when your days drag, it may help to know how much you make per day.
In order to calculate this, you must know how many days you work a year. If you work a standard weekday 9 to 5 job, there are 260 working days in 2023. That means you make around $250 per day.
If you work fewer days, but more hours per day or you work more than five days per week, your amount would differ, but the average person makes $250 per day.
How Much Is $65,000 a Year per Hour?
If you find yourself wondering how much is $65,000 a year per hour, check this out.
Knowing how much you make per hour even if you get paid a salary is important. When you’re looking for a job, it helps to weigh the pros and cons of the job, including the opportunity cost of taking it based on its hourly rate.
If you work a standard 9 to 5 job on the 260 working days in 2023, you’d make $31.25 per hour. This is the same whether you get paid vacation or not – if you don’t get paid vacation, and you work the two weeks, you’d get paid. If you do get paid vacation, you get paid not to work.
Check Out This Related Article About Earning $31 an Hour
Now if the company pays you benefits, you may want to consider the financial benefit of them. For example, health insurance is a costly benefit. If your employer covers your insurance 100%, that’s a benefit to add to your hourly wage. The same is true if they offer a 401K match or any other financial benefits.
Even if you don’t receive the pay in hand – you get benefits in lieu of the money, which could help you decide if the job is the right choice.
$65,000 per Year Breakdown Table
Here’s a quick breakdown of what 65k a year looks like for the average person.
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How to Make 65k a Year
Of course, the list is endless, and now that you know the average hourly salary to make $65,000 a year, you can determine which jobs will get you where you want to be.
Today, it’s easier than ever to make $65,000 a year or more if you start a side gig or two. Depending on how busy you want to be, you can add jobs like Uber or Lyft driver, freelance writer, Instacart shopper, or website designer to your repertoire.
If you want something more passive, you can answer surveys on Swagbucks, use cashback sites like Rakuten, or even invest your money. Dividend stocks, ETFs, and even online high-yield savings accounts pay you a little money, and every dollar adds up!
If you find yourself looking for jobs that pay 65k a year, and you don’t have a college degree, look at jobs like:
Retail Store Manager
Retail store managers manage the retail store, handling employees and customers. If you have experience, you can land a retail store manager job for $65,000 a year and don’t even need a college degree. You will need experience as a retail associate and assistant manager at the least to earn this salary. As a bonus, many retail store managers earn commissions based on their store’s performance.
Electricians are always in high demand at the commercial and residential levels. Electricians who finished trade school and their apprenticeship and have a few years of experience can easily earn $65,000 per year.
X-ray techs have an important job at the hospital, doctor’s office, or another medical facility they work. You can earn $65,000 a year and don’t need to go to school for four years. However, an associate’s degree or certificate program is required to work in this rewarding position.
Truck drivers have a tough job. They are away from home for many days in a row and often sleep in their trucks. However, they earn every dollar of their $65,000 salary and are often rewarded several days in a row home with the family.
Dental technicians are the dentist’s right-hand man but without the large amount of dental school debt. With a few years of experience, you can work up to $65,000 a year, especially if you become the head dental technician at your dentist’s office.
Factors That Affect Your Take-Home Pay
Your take-home pay is what you earn after deductions, such as taxes, insurance, and other deductions your employer offers. Here are the top factors affecting your net income.
Cost of Living
Some employers, especially those that belong to a union, offer COLA benefits or Cost of Living Allowance. This may be an increase in your salary or a one-time allowance to account for your area’s high inflation. Even if your employer offers COLA benefits, though, it’s at their discretion when they use them.
Your income is subject to income tax at the state and federal level and FICA taxes (Social Security and Medicare). The amount withheld depends on your number of dependents and where you live. Not all states have a state income tax, and those that do, have different tax rates.
If you take time off and have paid vacation time, it will be included in your pay when you take time off. However, if you don’t have PTO (paid time off), your take-home pay will be lower on the weeks you don’t work 40 hours.
Many employers offer health insurance as an employee benefit. However, since most employers don’t cover 100% of the cost, they’ll deduct your portion of the monthly premiums from your paycheck. So, for example, if you’re paid bi-weekly, you’ll pay ½ of the premium each payday.
Additional Ways to Boost Your Annual Salary
If a $65,000 salary isn’t enough to support your family or your lifestyle, here are additional ways to boost your income.
Negotiate a Raise
Asking your boss for a raise may feel nerve-wracking, but if you deserve it, why not ask? Before confronting your boss, prepare yourself. Determine why you deserve the raise and write down facts to share about how you helped the company’s bottom line.
Talk to your boss when they aren’t distracted and seem open and willing to listen to your reasons. If you think you’ll have a tough time convincing your boss, consider researching what other companies in the area pay for the same job to show you have other opportunities if they don’t approve the raise.
If you can’t get a raise, consider looking for a new job. Look at other companies before quitting to ensure you can get a job that pays more with your skills. Consider using some of your PTO to go on interviews to see what opportunities you might have before leaving your current job to avoid a gap in employment.
If you’re tapped out in your job, meaning you’re making as much as any employer will pay, it may be time for a new career. Think about what you’ve always wanted to do and determine how to achieve it. Do you need to return to school, attend a specific training time, or just take the leap?
Side hustles are a great way to increase your income while remaining at your current job. You can work side hustles in your free time, and you are the boss. In addition, you can do jobs from home, such as freelance writing, graphic design, or social media management.
You can also start side hustles outside the house, such as driving for Uber or Lyft or delivering for
Passive income is money you earn without doing any work. Some opportunities require work upfront, such as writing a book. You write it once and then sell it as many times as people will buy it. You can also earn passive income by selling stock photos or creating an online course.
If you prefer an opportunity that doesn’t require work, investing is an excellent form of passive income. You can invest in conservative assets like bonds, savings accounts, and CDs or take a little risk and invest in stocks, ETFs, or real estate.
Example Budget for $65,000 a Year
Making $65,000 a year might be enough to cover your bills, but in today’s inflationary times, it’s best to follow a strict budget to ensure you can make ends meet.
We always suggest focusing on your necessary expenses and savings first, leaving some money for ‘fun.’
- 50% of your take-home pay should cover your fixed expenses such as housing, transportation, medical needs, food, and clothing
- 20% of your take-home pay should go directly into your savings account
- 20% of your take-home pay can be for fun expenses
- 10% of your take-home pay can cover charitable giving
$65000 a Year Is How Much an Hour FAQs
Can I Live Off $65,000 a Year?
You can live off a salary of $65,000 yearly, especially if you’re single. If you’re married or have a family, you might need more as the cost of living increased dramatically this year. However, if you’re frugal and follow a strict budget, you can make $65,000 work even for a small family, but you’ll likely have to rent and keep your discretionary spending to a minimum.
Can You Make $65,000 a Year Without a Degree?
There are many opportunities to make $65,000 a year without a degree. Some jobs require trade school or extensive experience, but you can still earn a $65,000 annual salary if you don’tdon’t attend school.
What’s the Total Number of Working Days in 2023?
There are 260 working days in 2023.
How Do You Calculate Hourly Rate From Annual Salary?
To calculate an hourly rate from your annual income, you must divide your annual salary, such as $65,000, by 52 weeks. This gives you a weekly salary. Next, divide that number by the number of how many hours you work weekly, usually 40. This gives you the hourly rate from your annual salary.
Is $65,000 a Year a Good Salary?
If you wonder is $65,000 a year is a good salary, consider this. The minimum wage in the United States is $7.25 an hour. If you make $65,000 a year, you make $31.25 per hour – you make more than 4 times the minimum wage.
Now let’s look at the average weekly salary. The Bureau of Labor Statistics states that the average American makes $865 a week working full-time. That comes out to $44,980 per year. If you’re making $65,000 you are above the average American. Depending on your financial goals, you may or may not consider adding additional streams of income.
Samantha Hawrylack is a personal finance expert and full-time entrepreneur with a passion for writing and SEO. She holds a Bachelor’s in Finance and Master’s in Business Administration and previously worked for Vanguard, where she held Series 7 and 63 licenses. Her work has been featured in publications like Grow, MSN, CNBC, Ladders, Rocket Mortgage, Quicken Loans, Clever Girl Finance, Credit Donkey, Crediful, Investing Answers, Well Kept Wallet, AllCards, Mama and Money, and Concreit, among others. She writes in personal finance, real estate, credit, entrepreneurship, credit card, student loan, mortgage, personal loan, insurance, debt management, business, productivity, and career niches.