You just got a job and wondered: $11 an hour is how much a year? You came to the right place! We will help you how to calculate your income per pay period and your annual take-home pay after taxes. Read on!
Hourly employees who work just above the average minimum rate or freelance workers paid on an hourly basis often wonder if their annual salary will be enough to have a comfortable living. Some even make their work schedule full and ensure they get overtime work and bonuses to get more money.
With this article, we hope you can get information to help you manage your finances better, have long-term money goals, and set you off on your journey to financial empowerment.
How Much Is $11 per Hour a Year?
If you earn $11 an hour from your job, you can make $22,880 in a year. To calculate, you just need to multiply the number of hours worked by your hourly wage.
Let’s consider doing a full-time job requiring you to work for 8 hours a day and 5 days a week. Multiplying 8 by 5 makes 40 hours a week. A calendar year has a total of 52 workweeks, so it makes a total of 2,080 hours worked in a year.
Simply multiply your hourly salary by the total hours worked in a year.
11 * 2,080 = $22,880
So when you make $11 an hour and work full-time, you’ll be making $22,880 per year.
If you are among the part-time workers who get paid for, say, 4 hours a day and 5 days weekly, then your annual income will be less. As a part-time worker, you will get a take-home pay of $11,440 yearly, as seen in the computation below:
4 * 5 * 52 = 1,040 hours x $11 = $11,440
Remember that these amounts, whether full-time or part-time, do not yet take into account your days off or overtime hours, and taxation. So, your actual annual income may be more or less than stated.
How Much Is $11 an Hour Annually After Taxes?
Several factors need to be considered in getting the exact amount of deductible taxes and your net annual income. For example, exemptions or deductions depend on your tax bracket, civil status, and the US state where you work or reside.
Applicable income tax percentages are different depending on the US state, with some places not even imposing state taxes. For our sample computations, we will use this online tax calculator to calculate the deductions from Texas, which does not impose state taxes, to California, which has the highest tax percentage in the US.
As a full-time worker, you can earn a gross yearly income of $22,880 at an $11 hourly rate of pay. Your take-home salary will be $19,489 in California after deductions of $3,391 and $20,068 in Texas with $2,812 in taxes.
If you only work part-time at 4 hours a day, 5 days a week for 52 weeks, your overall annual income equals $11,440. Taxes in California ($1,012) and Texas ($875) mean you’ll get an income from $10,428 to $10,565, respectively.
Remember that this amount will vary depending on your situation. You may be entitled to exemptions or be charged less depending on your status and tax bracket. Also, take note that even no-tax states deduct federal taxes and other items such as Medicare, social security, and disability insurance.
How Much Is $11 an Hour per Month?
Considering an 8-hour working-day, full-time employees who earn $11 hourly at 2,080 hours a year can make $1,907 as gross monthly income. Divide your annual gross salary ($22,880) by 12 months to calculate this monthly salary.
You can increase your monthly salary if you work overtime, entitled to overtime pay. If you take days off or unpaid sick leaves, your income will be less.
If you work full-time, taxes and other government deductions will decrease your salary by $283 (California) to $234 (Texas), making your net monthly income $1,624–1,673, respectively.
If you work part-time for 4 hours a day, you will earn a gross monthly pay of $954. Your take-home pay will be $870 in California with $84 in deductions and $881 in Texas after taxes of $73.
How Much Is the $11 Hourly Rate per Week?
Let’s assume that you work consistently for a whole week without taking a day off, except on weekends. Your weekly working hours will be 40 hours for an 8-hour daily full-time job. Your hourly pay of $11 will give you $440 as your gross salary each week.
If you live or work in California, your take-home pay will be $375 after taxes of $65. In Texas, you will bring home $386 after $54 in deductions.
If you work part-time, say 4 hours a day, your gross weekly income will be $220, half of your monthly pay. In California, you will receive $201 after $19 in taxes, while in Texas, you will earn $203 after $17 in deductions.
How Much Is $11 per Hour Biweekly?
$11 an hour as a pay rate makes $880 biweekly, twice your weekly gross salary as a full-time employee.
As a full-time worker receiving such a gross income, deducting $130 (California) and $108 (Texas) taxes will bring down your biweekly income to $750 and $772, respectively.
As a part-timer working 4 hours a day, your gross salary every 2 weeks will be $440 ($880/week * 2 weeks). If you live or work in California, your take-home pay will be $375 after $65 in deductions. If you are Texas-based, your salary will be $386 after $54 in taxes.
How Much Is $11 an Hour per Day?
If you like to keep track of your daily expenditure, it is good to know how much you are making in a day. You will make a gross income of $88 per day at $11 per hour.
Remember, the lower the income bracket, the lower the tax rate. Even if you live or work in California, the state with the highest income tax, you will only be deducted 8.9% or $0.97 in tax, making your daily income $10.03. In Texas, the tax will be $0.84, leaving you with $10.16 in net daily wage.
Summary – $11 an Hour Is How Much a Year?
Here’s a summary of how much you make if you work full-time at $11 an hour.
| $13 per Hour (Full-Time) | Total Income (Without Taxes) |
| Yearly salary (52 weeks) | $22,880 |
| Monthly salary | $1,907 |
| Weekly income (40 Hours) | $440 |
| Bi-Weekly income (80 Hours) | $880 |
| Daily income (8 Hours) | $88 |
| Net Estimated Monthly Income (After-Taxes) | $1,624–1,673 |
Tips to Live on $11 an Hour
If you don’t keep your finances sorted, you can be a millionaire and still fail to cover your expenses. We will share some tips to help you manage your income from an $11 hourly wage rate.
Here are a few tips to help you lead a decent lifestyle with an $11 an hour job.
Plan and Track How You Spend Your Money
Regardless of the amount of money you earn, it is important to make a budget and track how you allocate your financial resources.
Generally, people like to make a budget for a month. Once you have a clear idea of how much you earn, you can easily determine how much income will be spent on the essential expenditures like your rent, utilities, grocery, rent, etc.
Spend Less Than You Earn
If you want to keep some money aside for the rainy day or avoid being stuck in a debt cycle, you need to be cautious about spending your money. The rule of thumb should be to keep cash outflow less than the inflow.
It will help you keep your expenses in check and encourage you to save more.
Earn Additional Income
If you need to generate more income to support your lifestyle or future ambitions, you can always consider ways to make more money. If you have a hobby, think about making it a profitable business. You can also pick a side hustle or online gigs to make a few extra bucks.
Online surveys are a great way to earn extra money from the comfort of your own home. Just answer questions and share your opinions while helping companies improve their products and services.
Here are some of the best online survey platforms:
- Survey Junkie. By joining one of the most popular, reliable, and easy-to-use survey websites, you will receive a $5 bonus and earn points which you can exchange for gift cards or cash. Learn more about Survey Junkie hacks and make more money.
- InboxDollars. Sign up with this link and get a $5 bonus after you have completed your first survey. Learn more about the platform through our InboxDollars review.
- Swagbucks. Check out what we think about the popular Swagbucks platform in our full Swagbucks review. You have a $5 sign-up bonus waiting for you.
Many side hustles can help add to your income. You can also pick another part-time or shift-based job. Here are some of the side hustles you can try:
- Offer tutorial services. There are many online teaching opportunities like English language tutorials and subjects like Math and Science. You can share your knowledge while you earn cash.
- Flip items for profit. If you are good at finding valuable goods and reselling them at a profit, there are many online sites like Craigslist, Letgo, eBay, and Amazon where you can earn cash by buying and selling. You can also buy secondhand items or sell your own preloved or unused goods in online flea markets.
- Get a data entry job. You can earn cash while working from your home. Basic requirements include typing skills, attention to detail, and computer and Internet connection.
- Sell your skills as a part-time freelancer on online job platforms like Fiverr, FlexJobs, and Upwork. Suppose you have marketable skills like software development, marketing, proofreading, graphic design, etc. You should try creating a smashing resume and listing your profile at these job sites that offer flexible working arrangements.
- Work as a virtual assistant. Working from home with flexible hours, you can do your tasks as virtual support for the company’s full-time staff. The work could range from routine office stuff like answering emails to managing the boss’s schedule.
- Be an online transcriptionist. If you are good at grammar, pay good attention to details, and have a good headset and reliable internet, you can work as a transcriptionist. Here’s a transcription guide to getting you started.
Save Where Possible
A salary of $11 can enable you to spend more and save some if you spend with care.
Keep track of how the money is spent. You can use the saved-up money to purchase a long-term asset or invest in stocks or bonds.
You can also set milestones to save up or set a challenge with your friends or peers and reward yourself by planning a vacation or buying something you have wanted for a long time.
The purpose of saving is not only for a financial goal. It is also intended to instill a sense of saving and spending with care, so you grow accustomed to the habit and avoid being careless with your hard-earned money.
Start Investing
Alternatively, you can invest in stocks or bonds to grow your income. Start investing in ETFs, where you can invest in the entire market by buying exchange-traded funds.
Check out these articles to start investing in:
What Jobs Pay $11 an Hour?
Many companies, including Walmart, have increased their wages to 11 dollars an hour. We have listed some jobs with its description to help you know what jobs are available for you:
- Unarmed Security Officer
- IT Support Analyst
- Cashier
- Housekeeper
- Laundry Attendant
- Barista
- Retail Associate
- Service Crew Member
- Car Rental Reservation Agent
- Food and Beverage Service Worker
- Data Entry Keyers
Is $11 an Hour Good?
While $11 an hour is just a few dollars above the mandated minimum wage in the US, it sums up to $22,880 per year, which is good if you are starting your career and living solo but might not be enough for supporting a family of 4.
However, there’s always an option to find side hustles to make up for the expenses or work overtime.
For employees who work overtime, say 2 extra hours every day. It will earn you an extra $110 every workweek. Be mindful of your work-life balance, though, as you wouldn’t want to get stressed or negatively affect your health.
Can You Live on $11 an Hour?
Yes, you can live on $11 an hour, but how well you can live your life depends on where you live and the market. If the basic necessities cost more where you work or reside, your life can be less comfortable. In some places, inflation has made the life of people with more than an $11 hourly salary difficult.
On the other hand, there are regions where $11 can buy you more than you can imagine. You can also reside or work in one of those locations in the US without state taxes.
Conclusion – $11 an Hour Is How Much a Year?
You will be taking home an annual pay of $22,880 at the hourly rate of $11, earning a little more than the prevailing minimum wage of $7.25 an hour. Living comfortably with that paycheck will depend on where you live, your current obligations, and how you manage your money.
If you live frugally, $11 an hour is enough for you to fulfill all your basic necessities such as housing, food, healthcare, and clothing. Be smart in managing your finances to live your best life.
If you like this post and want to read more about how to be financially empowered, check out these related articles:
Marjolein is a financial consultant who has built over €4,000 monthly passive income and saves over 70% of her income. Read Radicals’ inspiring story, from stuck in the 9-to-5 to loving life. Feel free to send Radical a message at the bottom of this page