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$24 an Hour Is How Much a Year?

$24 an hour is $49,920 a year if you work full time — 40 hours a week, 52 weeks a year, 2,080 hours in total. That works out to $4,160 a month, $1,920 per biweekly paycheck, $960 a week and $192 for an 8-hour day, all before taxes. Adjust the hours and weeks below for your own schedule.
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52 weeks × 40 hours = 2,080 paid hours a year (the standard US full-time assumption). Enter 50 weeks to model two weeks of unpaid time off. Overtime is paid at 1.5×.

Annual salary

$49,920

Monthly

$4,160

Biweekly

$1,920

Weekly

$960

Daily (8 h)

$192

Hourly

$24.00

Gross pay before federal and state income tax, Social Security (6.2 %) and Medicare (1.45 %).

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$24 an hour by pay period

ScheduleHours / yearYearlyMonthlyBiweeklyWeekly
Full time, 40 h × 52 wk2,080$49,920$4,160$1,920$960
Full time, 2 weeks unpaid2,000$48,000$4,000$1,846$923
35 hours a week1,820$43,680$3,640$1,680$840
Part time, 30 h1,560$37,440$3,120$1,440$720
Part time, 20 h1,040$24,960$2,080$960$480
50 hours (10 h at 1.5×)2,600$68,640$5,720$2,640$1,320

How $24 an hour compares

The federal minimum wage is $7.25 an hour ($15,080 a year), though most states set a higher floor — $24 an hour is 3.3× the federal minimum. The median full-time US worker earns roughly $62,000 a year (Bureau of Labor Statistics, 2025), so $49,920 is about 81 % of the median, below the typical full-time paycheck.

The conversion is simple: hourly rate × hours per week × weeks per year. Payroll uses 2,080 hours for a full-time year; a salaried employee’s equivalent hourly rate is salary ÷ 2,080. Monthly pay is the annual figure ÷ 12 — not weekly × 4, which under-counts by about 8 %.

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