2026 · 40 hours a week · 52 weeks

$15 an Hour Is How Much a Year?

$15 an hour is $31,200 a year if you work 40 hours a week, 52 weeks a year.

Per year$31,200before taxes
Per month$2,600before taxes
Per week$60040 hours
After tax (TX)$27,249per year
Your take-home pay
$27,249/ year
Monthly$2,271
Bi-weekly$1,048
Tax rate12.7%
  • Take-home pay $27,249
  • Federal income tax $1,564
  • Social Security $1,934
  • Medicare $452

$15 an hour by hours worked

Your yearly pay depends as much on your hours as on your rate. Compare schedules from 20 to 50 hours a week.

Hours per weekPer weekPer monthPer year
20 h$300.00$1,300.00$15,600
25 h$375.00$1,625.00$19,500
30 h$450.00$1,950.00$23,400
35 h$525.00$2,275.00$27,300
37.5 h$562.50$2,437.50$29,250
40 h$600.00$2,600.00$31,200
45 h$675.00$2,925.00$35,100
50 h$750.00$3,250.00$39,000

What $15 an hour is worth

  • $15.00 an hour is 2.1 times the federal minimum wage and above the minimum wage in 32 of 51 states.
  • Overtime at time-and-a-half is worth $22.50 per hour. Just two extra hours a week would add $2,340 over a year.
  • Each additional dollar per hour is worth $2,080 a year for a full-time schedule.
  • At this wage, refundable credits such as the Earned Income Tax Credit can boost your income at tax time, especially if you have children.

$15 an hour after tax by pay period (Texas)

Most US employers pay bi-weekly (26 paychecks a year) or semi-monthly (24 paychecks). This table shows every common schedule.

Pay periodGross payTaxesTake-home pay
Yearly$31,200$3,951$27,249
Monthly$2,600.00$329.23$2,270.77
Semi-monthly$1,300.00$164.62$1,135.38
Bi-weekly$1,200.00$151.95$1,048.05
Weekly$600.00$75.98$524.02
Daily$120.00$15.20$104.80
Hourly$15.00$1.90$13.10

$15 an hour after taxes in the largest states

Where you live changes what $15 an hour is really worth. Yearly take-home pay in the 12 most populous states:

Texas
$27,249 · $13.10/h
Florida
$27,249 · $13.10/h
Ohio
$26,833 · $12.90/h
California
$26,598 · $12.79/h
New Jersey
$26,527 · $12.75/h
North Carolina
$26,513 · $12.75/h
Georgia
$26,441 · $12.71/h
Pennsylvania
$26,270 · $12.63/h
Virginia
$26,269 · $12.63/h
Michigan
$26,174 · $12.58/h
New York
$25,995 · $12.50/h
Illinois
$25,850 · $12.43/h

Where your taxes go

Take-home pay: $27,249Federal income tax: $1,564Social Security: $1,934Medicare: $452
You keep87%
  • Take-home pay$27,24987.3%
  • Federal income tax$1,5645.0%
  • Social Security$1,9346.2%
  • Medicare$4521.5%
  • Federal income tax ($1,564). Charged on $15,100 of taxable income after the standard deduction, with a top rate of 12% on your last dollar.
  • Social Security ($1,934). 6.2% of wages up to $184,500. It funds retirement and disability benefits.
  • Medicare ($452). 1.45% of all wages, plus 0.9% on wages above $200,000 for single filers.
  • State income tax ($0). Texas does not tax wages.

What if you take unpaid time off?

Hourly workers are only paid for the hours they work. Unpaid weeks off reduce your yearly income:

ScheduleYearly pay before tax
No paid time off (52 weeks)$31,200
2 weeks unpaid$30,000
4 weeks unpaid$28,800

Frequently asked questions

$15 an hour is how much a year?

$15 an hour is $31,200 a year before taxes, based on 40 hours a week and 52 weeks (2,080 hours).

$15 an hour is how much a month?

About $2,600.00 per month before taxes.

$15 an hour is how much every two weeks?

$1,200.00 per bi-weekly paycheck before taxes.

How much is $15 an hour after taxes?

It depends on your state. A single filer keeps about $27,249 a year in Texas (no state income tax) and $26,598 in California.

Is $15 an hour a good wage?

$15 is 2.1 times the federal minimum wage of $7.25 and higher than the minimum wage in 32 of 51 states. Full time, it adds up to $31,200 a year.

How we calculate

Figures use 2026 IRS federal brackets, the standard deduction, Social Security and Medicare rates, and each state's income tax rules for a W-2 employee. Read our methodology. Last updated September 25, 2026. Estimates for information only, not tax advice.