$48,000 a Year is How Much an Hour? Explore the Path to Financial Clarity!

Have you recently landed a new job or gotten a raise? Suppose you’ll soon receive an annual pay of $48,000. You probably find yourself doing some math and wondering: $48,000 a year is how much an hour? 

The answer to that depends on several factors, including where you live or work, how much tax you pay, and how many hours your company requires you to work.

In this article, we have compiled a handy set of calculations that would conveniently enable you to compute your hourly pay and your daily, weekly, bi-weekly, and monthly incomes, net of taxes.

$48,000 a Year Is How Much An Hour?

What is the hourly rate for an annual salary of $48,000? In the U.S., the standard work year is commonly calculated on a 40-hour work week. If your yearly earnings are $48,000, your hourly wage is approximately $23.08.

Full-time: 

52 weeks x 40 hours/week = 2,080 hours/year 

$48,000 ÷ 2,080 hours = $23.08/hour 

Take note that if your annual compensation as per contract is $48,000, this is the same amount you will use in computing full-time or part-time pay. 

For part-time work: 

However, if it is specified that a job is paid $48,000 yearly on a full-time basis and you only work part-time, say, only 4 hours a day or half the regular daily work hours, your yearly pay will be halved to $24,000. 

To get your gross hourly salary, divide this income by the number of hours a year (1,040). Your total hourly pay is $23.08 as a part-time worker. 

Let’s assume a 20-hour workweek (4 hours x 5 days a week)

52 weeks/year x 20 hours/week = 1,040 hours/year 

Yearly salary/total working hours in a year = Total hourly salary (part-time) 

$24,000 ÷ 1,040 hours = $23.08/hour

However, actual hourly pay can vary depending on the specific conditions of employment, state-specific laws, overtime considerations, and tax deductions. 

$48,000 a Year Is How Much After Taxes?

After figuring out how much $48,000 a year is in an hour, let’s estimate the same earnings after taxes. 

The exemptions and deductions for federal and state taxes differ from state to state, as well as the tax percentages that apply to different pay ranges. 

For convenience, the pay periods and corresponding income in this article are generated through this online salary converter

If you work full-time at 40 hours a week, earn $48,000 a year, and reside in California, you’ll have to pay a tax of $9,695 at 20.2%. Your annual take-home pay will become $38,305, and the hourly rate will become about $18 an hour after taxes. 

If you work 20 hours a week part-time, receive an annual pay of $24,000, and reside in New York, you will be charged a 16.2% tax of $3,883. Your net pay for the year would then be $20,117 after taxes.

You must always file your taxes accurately. You only pay what is necessary. And to make sure that your calculations are correct, you can use TurboTax. They offer 100% accuracy and a maximum refund. As a result, you can use it with confidence, knowing that your taxes, regardless of your income, will be filed accurately.

$48,000 a Year Is How Much Per Month? 

If you earn $48,000 a year and work full-time, you’ll get a gross monthly income of $4,000 before taxes. If you live or work in Hawaii, your total month’s pay will be subject to a 23.2% tax deduction of $927, leaving you $3,073 to take home.

Man Counting Money MSN
Image Credit: Elnur_/Depositphotos.

Full-time means working 40 hours a week. If you work more or less, the money can change. And remember, if you work over 40 hours, you might get overtime pay. That’s 1.5 times your normal pay, so you could make over $23.08 an hour.

On the other hand, if you only work about 20 hours a week and earn $24,000 annually as a part-time worker, your gross monthly income would be $20,000. If you live in Louisiana, your tax would be $300 or 15%, and every month, you will be left with a net pay of $1,700.

$48,000 a Year Is How Much Per Week?

So, how much $48,000 a year is per week? 

Before taxes, a full-timer who works 40-hour weeks earns a total weekly pay of $923.08, which, if you live or work in Alaska, is taxed at 16.5% ($152), leaving you with a post-tax weekly income of $771.

A part-timer who works 20-hour weeks and resides in the same state receives $461.54 weekly. After deducting 12.9% or $59.69 in federal and state taxes, a net pay of $402 remains.

$48,000 a Year Is How Much Biweekly? 

There are 26 biweekly periods in a year, so if you earn a gross annual pay of $48,000, your biweekly salary comes to $1,846.15 before taxes. 

Suppose you are also a Pennsylvania taxpayer who works full-time. Your salary would be $1,493 every two weeks after deducting $353 or 19.1% in taxes.

If part-time work is your thing, you will receive $923.08 every two weeks of working 20-hour weeks. Factor in the Pennsylvania and federal taxes at 15.5% ($143 deduction), and your net biweekly pay would amount to $780.

$48,000 a Year Is How Much Per Day? 

Working full-time, your total daily income, pre-tax, will be $184.62 if you live in Florida. After a 16% tax of $29.51, you will take home the bacon worth $155 every day.

As a part-timer in the same U.S. state clocking in 20 hours weekly, your total daily pay is $92.31 without taxes. Since Florida is among the states with the lowest tax rate, your income will be taxed at just 12.4% or $11.42 daily, leaving you a daily net pay of $80.89.

Is $48,000 a Year A Good Salary? 

Based on location, the average annual salary in the United States is $59,428. 48,000 a year is less than this, but whether it’s “good” depends on your location, personal circumstances, and financial obligations. 

The cost of living in bigger cities is much higher than in smaller cities and rural areas. In high-cost areas like New York and San Francisco, $48,000 may not stretch far. 

An individual might consider $48,000 a reasonable salary, but someone providing for a family could face challenges in meeting expenses with that same income.

According to the Department of Health and Human Services (HHS), the federal poverty level for a family of four is currently $30,000. While $48,000 is notably above this threshold, it’s essential to weigh in debts and other unique circumstances when determining the adequacy of this income.

Jobs That Pay $48,000 a Year 

If you are not yet employed and still dreaming of that target $48,000 yearly income, here are some job options you might want to consider. 

1. Maintenance Technician

A maintenance technician performs general repairs on facility equipment and property structures. They often handle tasks like fixing machinery, plumbing, and electrical repairs and ensuring that heating and cooling systems operate efficiently. 

Average annual pay: $47,873

Man Holding Laptop And Repair Tools MSN
Image Credit: IgorVetushko/DepositPhotos

2. Athletic Trainer

An athletic trainer is a certified health professional specializing in preventing and treating injuries and illnesses related to muscles and bones.

They collaborate with athletes and other physically active individuals to enhance performance, facilitate recovery from injuries, and prevent future health issues.

Average annual pay: $48,420

3. Financial Analyst

They study various financial data to assess the performance of securities, industries, or entire economies. They recommend investment decisions based on their analyses to businesses and individuals. 

The entry-level financial analyst can earn around $48,000 a year. 

You can also explore analyst jobs in real estate investment trust (REIT) companies, bringing your financial acumen and critical analysis skills to help make sound real estate-related decisions.

4. Appliance Repair Technician

Appliance repair technicians identify and resolve problems with household appliances, including refrigerators, ovens, washing machines, and dryers.

They utilize specialized tools and knowledge to repair or replace defective parts, ensuring the appliance functions correctly. 

Average annual salary: $49,008

5. Snowboard Instructor

A snowboard instructor is a trained professional who teaches individuals how to snowboard safely and effectively. They offer guidance on techniques, equipment use, and mountain safety. 

Average annual salary: $23,000 and $50,000

6. Floral Designer

A floral designer/florist arranges flowers and other plant elements into decorative displays. They design bouquets, wreaths, centerpieces, and other arrangements for weddings, funerals, and holidays. 

Average annual salary: $44,728 to $66,587

7. Vocational Nurse

A vocational nurse provides basic medical care under the direction of doctors or registered nurses. They monitor patient health, give basic care, and maintain records, often working in hospitals or clinics. 

Nurses can also do side hustles between rounds to earn extra money and further hone their skills.

Average annual salary: $46,054 to $60,000

8. Metal Worker

They are craftsmen skilled in cutting, shaping, and joining metal materials to create structures, tools, and art. Metal workers are essential in the construction, automotive, and manufacturing industries.

Average annual salary: $49,877

9. Bookkeeper

A bookkeeper records financial transactions, maintains accurate records, and processes bills and invoices. Their role is essential for businesses to monitor and ensure financial accuracy.

Average annual salary: $38,783 to $48,138

10. Sports Referee

A sports referee ensures that sports games are played fairly and according to the rules. They make on-the-spot decisions, handle disputes, and enforce penalties during a game. Referees are essential in maintaining the integrity and order of competitive sports.

Average annual salary: $41,003 to $52,478

Tips on Living Well With $48,000 a Year 

1. Budgeting

Regularly review and stick to a monthly budget that works for you, allocating specific amounts for necessities, savings, and leisure.

2. Cutting Expenses

Reduce or eliminate non-essential expenses, like dining out frequently or subscription services you rarely use. Living frugally is the best way to save money.

3. Online Gig/Side Hustles 

Below are several top online opportunities for boosting your financial situation through money-making ventures and side hustles.

Woman Holding A Paper Cup While Typing On Laptop
Image credit: AndrewLozovyi via DepositPhotos
  • You can participate in surveys conducted by reputable sites:
    • Swagbucks. A rewards program enables you to accumulate points through web browsing, online shopping, and participating in surveys. Sign up now and get a $10 bonus for new users. Read the full Swagbucks review for more details.
    • InboxDollars. Engage in surveys, coupon redemptions, online gaming, video watching, web searching, and more. Sign up now to get your $5 bonus. Read the full InboxDollars review here.
    • Rakuten. Explore this rewards platform to cut down on your shopping expenses through cashback. Sign up now and get your $30 bonus when you spend $30 on your purchase. Here’s the full Rakuten review.
    • Survey Junkie. This platform, Survey Junkie, provides an opportunity to boost your earnings by participating in online surveys or sharing your data. You can join by taking online surveys or sharing your information. They pay you with gift cards or cash through PayPal.Read the complete Survey Junkie review here.
  • Be an online tutor. Platforms like Flexjobs and Magic Ears offer the chance to teach English. Numerous online teaching openings allow you to share your expertise while earning money. For further details, explore our compilation of the finest online tutoring jobs to consider today.
  • Start blogging. Refer to this guide on how to start a blog and visit the dependable web hosting provider, BlueHost, which offers a range of feature-rich web hosting solutions to assist you in constructing your website.

4. Shop Smart 

Take advantage of sales, use coupons, and compare prices before purchasing to get the best deals. Check out our Fetch Rewards review for tips on saving and even earning from your shopping. 

5. Save on Transportation 

Consider carpooling, using public transport, or even cycling to work to save on fuel and maintenance costs. Get wise and scope out these hacks for free gas or car vacuum service.

Frequently Asked Questions – $48,000 a Year is How Much an Hour? 

Is $48,000 a Year Considered Middle Class?

According to Pew Research, members of the middle class are “those earning between two-thirds and twice the median American household income,” pegged at $70,784 in 2021. So, technically, American households earning from $47,189 to $141,568 are middle class.

What Is the Tax on $48,000 a Year?

In general, the tax of $48,000 annually varies according to your residence/work location, civil status, deductions, and exemptions.

How Much Will I Take Home if I Earn $48,000?

If you earn $48,000 a year, your take-home pay depends on where you live or work. Here are some examples of take-home pay if you earn an annual income of $48,000.

U.S. STATETAX DEDUCTION (including federal tax)NET ANNUAL INCOME (after taxes)
Alabama$9,632 (20.1%)$38,368
Arkansas$9,287 (19.3%)$38,714
Kansas$9,752 (20.3%) $38,249
New Mexico$9,436 (19.7%)$38,564
Washington, D.C.$10,393 (21.7%)$37,608

Conclusion – $48,000 a Year is How Much an Hour? 

Whether or not a $48,000 yearly salary is enough to live on depends on your personal circumstances, lifestyle, and financial goals

We hope this article has shed some light on calculating your hourly income using your annual pay as the base. Knowing your rate at different periods will guide you in making good money management choices and plans.

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