$32 an Hour is How Much a Year? Best Tips To Maximize Your Yearly Income

Are you currently earning a regular hourly rate of 32 dollars? You need to ask yourself, “$32 an hour is how much a year?” and if it’s enough to fulfill your career aspirations or financial goals. 

Whether you work at a job or own a business, staying on top of your finances is important if you want to get ahead in life and reach your financial goals

When you’re paid $32 per hour, we will determine how much you can earn in a year, month, week, or day. We will also look at taxes that must be paid to know how much income you will have at hand after-tax deduction.

$32 an Hour Is How Much a Year?

If your income is $32 per hour, here is how much you may make in a year, whether you work full-time or part-time.

$32 an Hour Yearly – Work Full-Time

If you work as a full-time employee, you probably work 40 hours each week, i.e., 8 hours a day and  5 days a week. Here are the calculations. 

We assume that a calendar year has 52 weeks, and you have worked consistently at a 40-hour-per-week schedule throughout the year.

Number of workweeks in a year = 52 

Number of hours of work in a year = 52 x 40 = 2,080

Total gross income at $32 per hour = 32 x 2,080 = $66,560

Thus, if you work for 40 hours a week and get $32 per hour, your yearly income will be $66,560.

The above calculations refer to a scenario where you work full-time for one whole year. However, this is not the usual case, and income calculations are not that simple. The above value does not consider working part-time or overtime. 

$32 an Hour Yearly – Work Part-Time

If you work for fewer or more hours, the income value will vary. If you also take time off during the year, your income will also reduce accordingly.

Let’s assume a scenario that you are among the part-time workers, and you work 4 hours per workday, 5 days per workweek. In this case, you work 20 hours per week. 

Number of weeks per year = 52 

Number of total hours worked in a year = 52 x 20 = 1,040

Total gross income at $32 per hour = 32 x 1,040 = $33,280

So, if you work for 20 hours a week and get $32 per hour, your yearly income will be $33,280.

How Much Is $32 an Hour Annually After Taxes?

The income stated earlier is your annual gross salary, where tax will still be deducted from it. Therefore, your yearly take-home income is the net pay after taxes, and other deductions have been subtracted.

Depending on your civil status and other personal circumstances, you may be entitled to tax exemptions or deductions. In addition, tax percentages differ across the United States according to your state and income bracket. Federal taxes, social security, and Medicare will also be deducted from your income. 

Let’s look at the figures if you reside or work full-time or part-time in two US states: one with the highest tax rate, California, and another with no state taxes at all, Texas. 

Old Woman Typing On A Laptop Stock

$32 an Hour Annually After Taxes – Work Full-Time

If you work full-time at $32 an hour, your deduction could be from $11,489 in Texas (federal tax and no state tax) to $15,016 in California (federal tax plus state tax). 

When we deduct the tax from the gross income of $66,560, your annual take-home salary could thus range from a Texan $55,071 to a Californian $51,544. 

$32 an Hour Annually After Taxes – Work Part-Time

If you work part-time (4 hours a day, 20 hours a week) and your gross annual income is $33,280, your total deductions in Texas would be $4,835 while it would be $5,932 in California. Thus, your net yearly income would range from $28,445 to $27,348. 

Now that you know your annual after-tax income, you may know how much money you have in your hands. If you want to know how much money you can earn in a month, a week, or a day, continue reading below as we carry out the relevant calculations.

How Much Is $32 an Hour per Month?

If you work full-time and earn $66,560, we could simply divide that amount by 12 months, giving you $5,547 per month pre-tax. Your after-tax income ranges from $4,155 to $4,487, depending on the state tax of your home state. 

If you work for fewer hours or overtime, your monthly income will vary accordingly. 

Let’s say you work part-time, 20 hours a day, your $33,280 annual income will translate to $2,773 per month. At $32 an hour, your after-tax income per month would be $2,199 ($361 or 14.1% federal tax and deductions) from $2,279 ($494 or 18% total tax) in California to $2,370 ($403 or 14.5% tax) in Texas or per month. 

How Much Is the $32 Hourly Rate per Week?

Now we break down the calculations for a shorter period and determine how much a $32 per hour income makes in a week. 

If you work 8 hours a day, an hourly rate of $32 will give you $1,280, assuming you work 40 hours a week in total. Your after-tax income would range from $959 to $1,035, depending on the state you live in.

On the other hand, if you put in more or fewer hours at work, the total weekly amount would be different. For instance, if you work part-time at 20 hours per week, your weekly income would be $640 pre-tax. After-tax, this would mean you’d get between $526 and $547 in your bank account.

How Much Is $32 per Hour Biweekly?

Let’s consider how much you can earn biweekly if you make $32 per hour. 

If you work full-time, your biweekly income before taxes would be $2,560. We determine the value by multiplying the number of weekly hours with the hourly pay rate and multiplying the value by 2 weeks (40 * 32 * 2 = $2,560).

Your post-tax income at $32 per hour would range from $1,918 to $2,071. 

Similarly, if you work part-time, your biweekly gross income would be $1,280, while your after-tax income would be between $1,052 and $1,094.

How Much Is $32 an Hour per Day?

Lastly, we have calculated your daily earnings at $32 an hour. 

If you work full-time, your daily income would be $256, given an eight-hour per day work schedule. 

The daily income value would differ according to the number of hours worked. If you work 4 hours a day, you will make $128 a day at a pay rate of $32 an hour. 

Summary – $32 an Hour Is How Much a Year?

Here is a summary of how much you make if you work full-time

$ 32 per Hour – Full-TimeTotal Income
Yearly salary (52 Weeks)$66,560
Monthly salary $5,547
Weekly income (40 Hours)$1,280
Bi-Weekly income (80 Hours)$2,560
Daily income (8 Hours)$256
Net Estimated Monthly Income (After-Taxes)$4,155 to $4,487

Tips to Live on $32 an Hour

The calculations done in the previous sections may give you a fair idea of how much you can make in a year. Based on this information, you can determine how to spend your income to have a comfortable lifestyle. 

Here are some tips to help you lead a decent lifestyle with a $32 an hour wage.

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. Once you have a clear idea of how much income you earn in a month, 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 save 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.

Woman Counting Money Stock

Save Where Possible

A salary of $32 can enable you to spend on your basic expenses and save some if you spend with care. So, you need to 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 fulfilling your financial goals. 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.

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, make into a profitable business. Even if that is not the case, you can pick a side hustle or online gigs to make a few extra bucks.

Online surveys are a good way to get 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 examples of some of the best online survey platforms

You can also pick another part-time or shift-based job, especially if you are currently working as a part-time employee.

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 32 Dollars an Hour?

If you want a $32 an hour job, you may require specific experience or skill sets. If you’re aiming for a job that pays this much, you may want to invest in education or the requisite training to perform at your job.

Therefore, you not only need to have the requisite skills and proficiency to secure such a job, but you also need to draft a purposeful and effective resume. That way, your potential employer would be convinced that you are the right fit for the job.

Here are a few jobs that can pay $32 an hour.

  • Storage or distribution manager
  • Freelance writers
  • Tile setters
  • Marketing executive
  • Electrical power-line repairer or installer
  • Salesperson
  • Graphic designer
  • Web developer
  • Writer or editor
  • Dog walker
  • Real estate agent at a Real Estate Investment Trusts (REITS)
  • Virtual assistant
  • Registered nurse

Is $32 an Hour Good?

It depends on the number of hours you put in at work. Assuming you work 8 hours a day and 5 days a week consistently throughout the year, you can make over $66,000 a year and around $5,300 a month. 

If you earn this much, you are most likely earning more than 77% of the entire working population in the US, especially considering that the Fair Labor Standards Act mandates the prevailing US minimum wage at $7.25 an hour. 

However, if we consider a scenario where you work full-time at $32 an hour, you can have a secure and comfortable lifestyle.


Can You Live on $32 an Hour?

A $32 an hour salary can enable you to live a very comfortable life. If you make a budget and stick to it, you should be able to live a decent life in a good home, have a car and cover its costs and insurance, etc. 

You may even have enough to save for your long-term goals.

Of course, if you live in a high-cost area, where the cost of living is expensive, you may need more money to cover your basic expenses, including your rent, bills, or groceries. You may need a significantly higher income to have a decent living in expensive areas.

In such a case, you can consider moving to a low-cost area or a state that imposes fewer taxes. If that is not an option, you may find ways to increase your income and improve your circumstances.

Conclusion – $32 an Hour Is How Much a Year?

If your hourly rate as a full-time worker is 32 dollars, you will be making $66,560 annually. That amount does not include your overtime pay and excludes taxes and other government deductions. 

With this yearly take-home pay, which can be considered good since it’s above the national median wage, you can already live comfortably as long as you don’t have any major debts and watch your spending. May this article set you off on the road to financial empowerment!

To get an idea of how much other workers with different pay rates earn, check our related posts:

$32 An Hour Is How Much Per Year - Best Time To Maximize Your Yearly Income