$37,000 A Year Is How Much An Hour? Best Ways To Maximize Your Income

Do you know how much money you make per hour if your salary is $37,000 a year? If your salary is based on an hourly pay rate, your weekly take-home pay may differ based on the number of hours you have worked. So, you may wonder: $37,000 a year is how much an hour? Let’s find out.

Knowing your base hourly pay would help you anticipate your income and plan your expenses. As such, you’ll be able to budget and manage your finances smartly. 

In this article, you will find how much an annual pay of $37,000 translates into hourly, daily, weekly, biweekly, and monthly salary. You may take out your calculators, but we will also provide you with easy-to-follow computation on your paycheck. 

$37,000 a Year Is How Much an Hour?

If you earn $37,000 a year, your hourly wages will be $17.80. The value is calculated by dividing your yearly wage by the total number of hours worked in a year.

To simplify our computation, let us first calculate the number of hours you worked in a year. A standard workweek is composed of 40 hours (5 days * 8 hours/day) and a year has 52 workweeks. Thus, we will follow this formula for your total work hours during a regular year. 

  • 40 total working hours in a week * 52 total working weeks in a year = Total working hours in a year
  • 40 * 52 = 2,080 hours

With $37,000 gross yearly income as a full-time worker, you make $17.78 or $17.80 hourly.

  • Yearly salary/total working hours in a year = Total hourly salary 
  • $37,000 / 2,080 = $17.78 or $17.80 an hour 

$37,000 a Year Is How Much After Taxes?

$37,000 yearly is $30,252 to $31,489 after taxes.

For this computation, let’s assume you work full-time or live in California, the state with the highest tax rate. A yearly gross income of $37,000 will become $30,252 after deducting $6,748 in taxes, including federal and state taxes and other government deductible items. On the other hand, the total tax of someone from Texas will amount to $5,511, and the net annual pay is $31,489.

Part-time work takes 4 instead of 8 hours a day. If you’re from California, your $18,500 gross annual pay, as computed earlier, will be deducted with a tax of $2,373, leaving you with a net yearly income of $16,127. Meanwhile, your deductible tax in Texas is only $1,970; your annual take-home pay as a part-timer is $16,530. 

This computation can present a clearer picture of your annual earnings post-taxes. Remember that the figures stated here can be more if you work long hours or overtime or less if you take sick leaves and other personal time off. 

Let’s see how much tax is imposed on your monthly, bi-weekly, weekly, and daily salary. 

$37,000 a Year Is How Much per Month?

$37,000 a year is $3,083 per month.

To calculate your total monthly income, we will simply divide the total yearly salary by the total number of months in a year. The calculation is as follows. 

  • $37,000/12 = $3,083

For full-time workers, the total tax to be deducted from your monthly gross income will be $562, with a net monthly pay of $2,521 if you are in California. On the other hand, Texas taxation will cost you $459 monthly and leave you a monthly take-home pay of $2,624.

If you work as a part-timer bringing home a total of $1,542 monthly, your net pay for the month is around $1,344 after $198 in taxes if you are from California or $1,378 in Texas after deducting $164. 

$37,000 a Year Is How Much per Week?

$37,000 yearly will allow you to make $712 weekly before tax.

Cropped image of financier using calculator and writing something to notebook in office
Image credit: AllaSerebrina/Depositphotos.

To get your weekly gross pay, divide $37,000 by the number of work weeks in a year (52), and you will come up with $711.53 or $712 per week. 

As a full-timer, your net weekly pay will be more or less $582 if you are in California, where your tax deduction is $130. In Texas, you will take home around $606 in net income every week after $106 in tax has been deducted. 

Similarly, if you work part-time, halving the weekly gross pay calculated above to $356, your net weekly salary will be $310 in California and $318 in Texas, after tax deductions of $45.67 and $37.93, respectively. 

$37,000 a Year Is How Much Biweekly?

$37,000 a year is $1,424 biweekly before taxes.

For the biweekly income, we just multiply the weekly gross income ($712) by 2 weeks, giving the amount of $1,424 as the total biweekly pay. 

Full-time work gives you a net income of $1,164 every 2 weeks in California after biweekly taxes of $260. If you’re in Texas, your net biweekly pay is $1,212, and your tax deduction is $212. 

If you work part-time, your gross weekly pay is $712. Biweekly income for those in California is $582, while taxes deducted is $130. In Texas, you have to pay $106 in taxes, leaving you with a $606 net biweekly pay.

$37,000 a Year Is How Much per Day?

If you work full-time and earn $37,000 a year, you will receive a gross daily wage of $142.20. 

This amount is calculated after dividing the total yearly income by the number of hours worked in a year, as noted at the start of this article. 

  • $37,000 / 2,080 hours per year = $17.78 or $17.80 
  • $17.80 * 8 hours per work day = $142.40 

If you work full-time following an 8-hour work schedule, your daily wage would be $142.20. In California, your after-tax daily income would be $116; in Texas, $121, after deductions of $25.93 and $21.18, respectively.

Working for only 4 hours a day with a daily pay rate of $142.40, part-timers earn $71.20 as their gross daily pay (4 * $22). California workers make a net daily income of $62.07 after $9.13 in taxes. Those workers from Texas take home $63.61 after a $7.59 deduction. 

Again, your total income for any period would be different if you took time off from work (e.g., leaves and other instances) or rendered overtime hours. 

Tips for Living on $37,000 a Year

According to the US Bureau of Labor Statistics (BLS), an average American worker’s median annual wage was $58,260. So, earning $37,000 a year, you fall under the category of Americans with below-average salaries. 

Don’t worry: we will share the best tips for you to thrive even on such a tight budget.

1. Reduce Monthly Expenses

The simplest and easiest way of living on such a tight budget is to reduce expenses. The only alternative to this method is to increase your income through side hustling, which we will get to later in this section. 

The best way to reduce expenses is to cancel unnecessary entertainment subscriptions such as cable TV, Netflix, and SiriusXM. For your phone data, switch to a prepaid cell phone carrier as it helps reduce phone bills. 

2. Avoid Debt

Debt vacuums all your income in a flash. We get that it is not possible for everyone, but staying away from high-interest debt like credit card debt should be a priority.

3. Invest Cash

Smiling Woman Holding A Folded Money
Image credit: Syda_Productions/DepositPhotos.

Investing is the easiest and smartest way of increasing your overall wealth. We recommend studying stocks as it requires less investment and high return. While investing, keep your portfolio as diversified as possible to manage the overall risk.

If you’re looking for low-cost and easy-to-maintain investments, see if any of these funds fit your preferences:

  • FNILX Vs. FZROX – which are two different Fidelity funds that charge zero fees.
  • FXAIX Vs. SPY – where we compare two S&P 500 funds that contain the 500 biggest companies in the US.
  • FZROX Vs. FSKAX – where we compare two funds that cover the entire stock market.

4. Make and Keep a Budget

Budgeting is an important practice. Allot a certain percentage of your income to an expense so that a single expense does not drain all your income. 

For instance, spend around 30 percent of your income on housing and only 5 to 10 percent on entertainment and recreation.

5. Negotiate Your Bills

You can lessen your expenses by negotiating your bills. Platforms like Trim can find places that will help you save on your utilities, smartphone, and internet bills.

To start, you have to sign-up with Trim and then link your accounts and credit card accounts. Trim will skim through your accounts to search for places where you can save more.

 Check out our full Trim review for more details on the platform.

6. Explore Online Money-Making and Side Hustles 

Online money-making is now easier than ever. These are some of the best online side hustles you can try: 

  • Complete online surveys for cash or gift cards on the following platforms:
    • Swagbucks. This rewards program lets you earn points by browsing the web, shopping online, and taking surveys. Signing up with Swagbucks is completely free. Your points are then converted into free gift cards or cash-backs. Read our full Swagbucks review here or sign up directly using our link for your free $5 signup bonus.
    • Rakuten. Want to get a cashback while you shop at over 3,500 stores? Check out Rakuten to save some shopping money. Read our full Rakuten review here or use our link for your free $10 welcome bonus.
    • InboxDollars. Sign up, do the online tasks, and earn extra cash with InboxDollars. Take the surveys, redeem coupons, play games online, watch videos, and search the web. Making money can’t get any easier than that! Read our full InboxDollars review here or use our link for your free $5 bonus.
    • Survey Junkie. You can earn extra cash through this website by completing online surveys or sharing your data. You will be paid with gift cards or cash through Paypal. Read our full Survey Junkie review and Survey Junkie hacks to get paid up to $60 per survey.
  • Become an Instagram influencer. You can make money on Instagram by creating posts for brands, endorsing different products, or selling your merchandise.
  • Start blogging. Check this guide on how to start a blog and head on to this reliable web host, BlueHost, that provides various feature-packed web hosting options to help you build your website without sweat.
  • Sell your skills as a freelancer. Online job platforms like Fiverr, FlexJobs, and Upwork bring employers and freelance workers together. So, if you have marketable skills like software development, marketing, proofreading, graphic design, etc., you should try creating a smashing resume and listing your profile on these job sites. You can work at home as a virtual assistant part-time or even full-time.
  • Get a data entry job. You can earn cash in the comfort of your home. Basic requirements include typing skills, attention to detail, and computer and Internet connection. Here are some legitimate data entry jobs for you to try.
  • Be an online tutor. You can teach English on platforms such as Flexjobs and Magic Ears. There are many online teaching opportunities where you can share your knowledge while you earn cash. For more information, check out our list of the best online tutoring jobs to try now. 
  • Sell stuff online. If you have unused or preloved items and want to declutter your home and earn cash in the process, check out these best sites to sell your stuff.

7. Save 

Woman Holding Her Piggybank MSN
Image Credit: Davidovici/Depositphotos.

At last, the most important practice is saving money for unforeseen circumstances. We advise you to save at least 10% of your income at the end of the month. You can also use your savings for investing later on.

What Jobs Pay $37,000 a Year?

We have listed some occupations that pay $37,000 a year. Most of these jobs pay a lower salary during the early stages, but you can get to the average income offered in the field with more time and experience.

Electrician

  • Responsible for lighting, power, and communication systems. 
  • Earns more than $55,000 a year.

Computer Support Specialist

  • Responsible for assisting IT specialists and consumers with issues related to computers. 
  • Earns around $55,000 a year on average.

Medical Lab Technician

  • Responsible for taking samples and performing tests. 
  • The median salary is around $54,000 a year.
  • According to the BLS, the field will grow by 7% by 2029.

Wind Turbine Technician

  • Responsible for repairing, maintaining, and installing wind turbines.
  • Earns more than $56,000 a year.

Dental Assistant

  • Responsible for preparing patients, sterilizing equipment, assisting the dentist, and performing lab tasks and x-rays.
  • Earns more than $42,000 a year.

Industrial Machinery Mechanic

  • Responsible for maintaining factory and industrial machinery.
  • Perform tasks such as oiling, cleaning, and calibrating machinery.
  • Earns around $55,000 a year.
  • 13% field growth rate till 2029.

Is $37,000 a Year a Good Salary?

$37,000 a year salary is below average. It also depends on the state you live in, as some states have a lower cost of living than others. With a $37,000 salary, living in Houston, Texas, would be way easier than living in New York. 

Frequently Asked Questions – $37,000 a Year Is How Much an Hour?

How Much Will I Take Home if I Earn $37,000?

If you earn $37,000 a year, you will take home around $31,000 after taxes. The amount may vary depending upon the state you are living in. 

What’s the Tax on $37,000?

If you are living in the US, the tax rate on your income depends upon the state you are in. Here are the tax rates on your $37,000 yearly salary in different states of the US.

  • New York: $7,317
  • New Mexico: $6,800
  • New Hampshire: $5,566
  • California: $6,888
  • Washington DC: $7,586
  • Vermont: $6,699
  • Texas: $5,566

Is $37,000 a Year Considered Middle Class?

No, a $37,000 yearly salary is below the middle-class category. According to a study by the Pew Research Center, 52% of Americans belong to the middle class, with salaries from $52,000 to $156,000 annually. With a $37,000 income, you need to increase your yearly salary by $15,000 to enter the middle-class category. 

Conclusion – $37,000 a Year Is How Much an Hour?

You can live on a $37,000 annual income or a $19.27 hourly salary, but you will not be able to afford all the world’s luxuries. Your salary is respectable in most metropolitan areas if you live alone, but life will be difficult if you have a family with kids. 

We recommend you follow the tips in this article to make the most of your income. Furthermore, you can also start thinking about taking more effective charge of your finances. The following articles may help you: