$43,000 A Year Is How Much An Hour? 2024 Magic Breakdown

Once you begin working and navigating the job market, your instinct is to question how much each hour contributes to your annual income. For example: $43,000 a year is how much an hour? 

In this article, you’ll learn how much $43,000 is hourly, daily, weekly, biweekly, and monthly. Plus, get to know the jobs that pay $43,000 a year and real-life tips on surviving within your salary. 

$43,000 a Year Is How Much an Hour?

Short answer: If you make $43,000 a year, your hourly salary would be $20.67.

Long answer: To compute your hourly income from your yearly salary, you should first determine the number of hours worked in a year. You can use this formula: 

  • 40 (total working hours in a week) multiplied by 52 (total working weeks in a year) equals total working hours.
  • 40 x 52 = 2,080 hours 

As a full-time employee who works 8 hours a day, 5 days a week, you’ll earn a $43,000 salary by working 2,080 hours at an hourly rate of $20.67. 

You arrived at the “total hourly salary” amount by dividing your yearly salary ($43,000) by total working hours in a year:

  • $43,000/2,080 = $20.67 an hour.

$43,000 a Year Is How Much After Taxes?

Short answer: $43,000 a year will give you a take-home pay of $30,100 to $34,400. This is because most tax rates fall between 20 and 30 percent. 

Long answer: In the US, every state has its own tax rates, from zero state tax in Texas or flat-rate taxes in Colorado to California’s graduated-rate taxes. 

Aside from the state of residence, other factors such as Medicare and Social Security deductions, tax bracket, civil status, and exemptions also affect your income after taxes. 

Here’s an example: 

  • If you are single, working 40 hours a week full-time, and living in Texas with no state taxes, your annual take-home pay after taxes of $6,690 will be $36,310. 
  • If you are single, working 40 hours a week full-time, and living in California, your annual take-home pay after taxes of $8,327 will be $34,673. 

Note that computed amounts could change if you work part-time, work overtime, or take unpaid time off.

$43,000 a Year Is How Much per Month?

The monthly gross income would be $3,583 when you make $43,000 a year, using the formula: 

  • Annual salary divided by 12 months = gross monthly income
  • $43,000 x 12 = $3,583 

Net monthly income (or the pay you get after taxes) would vary depending on where you live. 

Full-timers working in Texas pay $558 in monthly taxes and take home a net monthly income of $3,026. In contrast, California-based workers pay $694 in taxes, resulting in a monthly take-home pay of $2,889.

$43,000 a Year Is How Much per Week?

How much do you make each week if you have a job with a $43k yearly salary? To get the amount, divide $43,000 by the number of work weeks in a calendar year (52 weeks). 

  • $43,000/52= $827 per week gross income. 

In Texas, full-timers take home a weekly net pay of $698 after paying $128 in taxes. In California, $667 per week your pay after $160 in taxes. 

$43,000 a Year Is How Much Biweekly?

To determine your biweekly pay with a $43,000 annual salary, you need to use this formula: annual salary divided by 52 weeks equals income per week. Then multiply your answer by two. Here’s how: 

  • $43,000/52 weeks = $827 per week 
  • $827 per week x 2 weeks = $1,654 biweekly income

Like your monthly and weekly income, your actual take-home pay will still be less than this amount after subtracting taxes. 

Woman Using Laptop And Tablet To Calculate Bills MSN
Image Credit: primagefactory/DepositPhotos

$43,000 a Year Is How Much per Day?

The answer depends on how many hours you work in a day. Assuming you’re a full-timer with 8 hours a day, 5 days a week, you’ll need to use these two formulas: 

  • 8 hours daily x 52 workweeks = 260 working days
  • Annual salary/260 work days = income per day
  • So, $43,000/260 days = $165 per day

Tips for Living on $43,000 a Year

Budget and Establish an Automatic Savings Plan

Budgeting goes hand-in-hand with a realistic savings plan. When you make extra effort to spend less, avoid getting tempted to spend that money elsewhere. Instead, create a savings plan that automatically saves ‘x’ cash every payday or on any date you set.

Invest Gradually

Investing is a habit most financially successful people learn. 

You must choose investments that enable gradual growth for your $43,000 annual wage to grow. If you choose to invest in the stock market, avoid trading and instead focus on investing in tried-and-tested companies.

Avoid Debts

One way to stretch your $43,000 annual income is to pay off current debt and avoid getting new debt. 

Cut Unnecessary Expenses and Find Ways to Lower Your Bills

If you still have debt and budgeting hasn’t significantly impacted, consider cutting expenses you’re willing to sacrifice. 

For example, cancel that Hulu subscription you haven’t used in over a month, discontinue the monthly beauty box collection, or reduce your twice-a-day Starbucks fix.

You can even negotiate with your providers to lower your bills. If they’re not open to negotiations, find an alternative offering you the same level of service for a cheaper price. 

Don’t know where to start? Platforms like Trim can pinpoint which of your utilities and bills can get you more savings.

Find Ways to Make Extra Money

Even if you have a full-time job, you can still make extra money by taking a traditional part-time job. 

You can also do any of the following money-making ventures at home: 

  • 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.
  • 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, check out these best sites to sell your stuff
Smiling Woman Holding Money MSN
Image Credit: Vadymvdrobot/Depositphotos.

What Jobs Pay $43,000 a Year?

Junior-level marketing, IT, and business jobs pay $43,000 annually. 

Here are other specific jobs that pay an annual wage of $43,000:

  • Registered nurses (RN) 
  • Counselors
  • Equipment operators
  • Carpenters and welders
  • Warehouse Logistics managers
  • Junior analytics specialists
  • Research assistants

Is $43,000 a Year a Good Salary?

An annual salary of $43,000 won’t make you rich, but it could help you achieve financial success. It isn’t guaranteed, and building wealth depends on personal goals, status, expenses, lifestyle, savings, location of work, and investment options. 

Still, $43,000 a year is way above the federally mandated annual minimum wage of $15,080 a year in the United States. 

Can You Live on $43,000 a Year?

If you work or live in a lower-taxed region with a cheaper cost of living, a $43,000 salary can provide you with a comfortable lifestyle. You can even afford to save and build your nest egg. 

However, for areas with higher rent and overall cost of living, $43,000 a year might require serious budgeting or a second job to maintain a desirable level of comfort in living conditions. 

Frequently Asked Questions – $43,000 a Year Is How Much an Hour?

How Much Will I Take Home if I Earn $43,000?

Depending on your taxes and deductions, your actual take-home income (or net income) from an annual wage of $43,000 is between $25,800 and $34,400. 

Whether or not this amount is enough to live comfortably would depend on your residence, cost of living, and company benefits like health/dental insurance and a 401(k). 

What Is the Tax on $43,000 a Year?

The tax on $43,000 a year ranges between $8,600 (20%) and $17,200 (40%), depending on your marital status (single or married) or whether you are entitled to exemptions. 

The biggest factor that dictates income taxes is the place of work/residence since every state in the US follows different percentages. 

Here are examples of tax rates on a $43,000 salary per state: 

  • Alabama ($8,430)
  • Arizona ($7,851)
  • Hawaii ($9,724)
  • Ohio ($7,696)
  • New York ($8,810)
  • Washington, DC ($9,085)

Is $43,000 a Year Considered Middle Class?

The Pew Research Center defines “middle class” as people earning two-thirds or twice the average American household income of about $67,500. As such, families making $43,000 a year are considered middle class. 

Conclusion – $43,000 a Year Is How Much an Hour 

Making $20.67 an hour will earn you $43,000 a year, excluding taxes and other deductibles like overtime pay, time off, and insurance.

To make the most out of your $43,000 annual income and live comfortably, you need to make some lifestyle changes money-wise, learn how to earn extra cash on the side or do both. 

If you liked reading about your paychecks and income vs. your day-to-day expenses, check out our other annual income posts: