$57,000 a Year Is How Much an Hour? and 6 Best Money-Saving Tips

Can you compute your current income and taxes off the top of your head? Maybe you need to if only to make your financial life more organized and controllable. Do you wonder: $57,000 a year is how much an hour?

Working people need to know how to calculate their pay rates and total work hours to ensure that they can make ends meet. After all, you would want to manage your finances right for a comfortable life. 

In this article, we will help you calculate income and tax amounts in different pay periods and offer tips on how to increase your current income and live comfortably. Keep reading!

$57,000 a Year Is How Much an Hour?

$57,000 a year will allow you to make $27.40 or $27 an hour.

To convert your yearly salary into hourly income, you need to find the total number of hours worked in a year. Dividing yearly salary by total working hours will convert the yearly salary into hourly income.

  • Yearly salary/Total working hours in a year = Total hourly salary 

For total working hours in a year, we require total working hours in a week and total working weeks in a year. 

  • Total working hours in a week * Total working weeks in a year = Total working hours in a year 

To calculate total working hours in a week, we assume that you have a full-time job that asks you to work for at least 8 hours a day and 5 days a week. The total number of hours worked a week will be 40.  (5 * 8 = 40). 

Let’s use 52 calendar weeks as the total working weeks in a year:

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

With a $57,000 gross yearly income as a full-time worker, you make $22.11 or $22 hourly.

  • Yearly salary/total working hours in a year = Total hourly salary
  • $57,000 / 2,080 hours = $27.40 or $27 an hour 

On the other hand, if you only work part-time, say 4 hours a day or half the regular daily work hours, your annual income will also be halved to $28,500. Divide this amount by the number of hours in a working year (1,040), and you’ll get your gross hourly salary of $27.40 or $27 as a part-time worker. 

$57,000 a Year Is How Much After Taxes?

When you make $57,000 a year, you’ll earn $44,533-$47,322 after taxes, depending on your situation.

Different states in the United States have different tax rates, ranging from 0 taxations in Texas to a flat tax rate in Colorado to a graduated rate in California. 

Suppose you are a full-time employee earning $57,000 annually, living or working in California, the state with the highest tax rates. Your tax deduction is $12,467, and your net annual pay is $44,533. 

On the other hand, if you are from Texas with no state taxes, your annual take-home pay after taxes of $9,669 will be $47,332. 

Part-time work takes 4 instead of 8 hours a day, which cuts your gross annual pay that we computed earlier in half. If you’re from California, your $28,500 gross annual pay will be deducted with a tax of $4,621, leaving you with a net yearly income of $23,879. 

Meanwhile, your deductible tax in Texas is only $3,841; your annual take-home pay as a part-timer is $24,659. 

Note that the figures stated here can increase if you work long hours or do overtime or decrease if you file your leaves and take personal time off.

$57,000 a Year Is How Much per Month?

A $57,000 gross annual income translates to $4,750 monthly. Your monthly income is calculated by dividing your yearly pay by the total number of months in a year (12). 

  • $57,000/12 = $4,750 

If you work in California, you will pay $1,039 in yearly taxes, leaving you with a net income of $3,711. A Texas resident’s taxes will amount to $806 with $3,944 monthly income as take-home pay. These are for those engaged in full-time work.

A part-timer with a $2,375 gross monthly income will get a monthly net pay of $1,990 in California after $385 in taxes. In Texas, $320 in taxes will allow you to bring home $2,055 for the month. 

$57,000 a Year Is How Much per Week?

Dividing $57,000 by the number of work weeks in a year (52) will give you a weekly gross pay of $1,096.15 or $1,096 per week. 

You will take home $856 after $240 weekly taxes if you are a full-time worker from California, or, for the same period, you will receive $910 as your weekly net pay and get a tax deduction of $186 if you are from Texas. 

Working part-time halves the above-stated total weekly income, earning you a gross weekly income of $548. You will receive $459 for the week if you are working in California and $474 in Texas after tax deductions of $88 and $74, respectively.

Expect these figures to change if you worked fewer hours or rendered overtime work. 

$57,000 a Year Is How Much Biweekly?

Here is how your gross biweekly income and tax are computed if you make $57,000 a year. 

Let’s multiply your gross weekly income ($1,096) by two weeks to get your total biweekly pay:

  • $1,096 * 2 weeks = $2,192 

With an annual gross pay of $57,000, your biweekly income is $2,192.

From this amount, you can compute your full-time net biweekly income ($1,713 in California and $1,820 in Texas) after tax deductions of $479 and $372, respectively. 

Similarly, if you are a part-timer, your gross income for 2 weeks would be $1,096, while your net biweekly pay will be $918 in California and $948 in Texas. These amounts are after deducting your corresponding taxes of $178 and $148. 

$57,000 a Year Is How Much per Day?

We have earlier computed the gross hourly pay as $27.40 or $27 with the following formula:

  • $57,000 yearly salary/2,080 total working hours in a year = $27.40 or $27 total hourly salary

Your total daily income is $216, calculated as:

  • $27 * 8 hours of work per day = $216

Following a full-time, 8-hour work schedule, your after-tax net pay for the day would be $169 in California and $180 in Texas, after deductions of $46.67 and $36.23, respectively. 

If you are a part-timer with 4 hours daily (instead of 8) at a pay rate of $27 an hour, you will earn a total of $108 for the day. In California, you will get a net daily pay of $90.62 after $17.38 in taxes, while in Texas, that would be $93.55 in take-home pay daily after a tax deduction of $14.45.

Consider that all these values could be different based on the actual hours you worked, whether you took your personal or sick leaves or applied for overtime. 

Tips for Living on $57,000 a Year 

1. Saving

Saving money is one of the easiest ways of preparing for unforeseen difficult times. It is best for you to save at least 10% to 15% of your monthly income. 

The money you save can also be used for investing purposes, but make sure that you study investing techniques first.

2. Investing

Investing can help you increase your overall wealth in a very short time if you know the right way. Two of the hottest-selling items in the market are stocks and cryptos. We highly recommend studying them to boost your overall income. 

Other investment options that you may try are:

3. Avoiding Debt Where You Can

Debt can increase your expenses drastically over time. We advise you to save money to buy stuff instead of taking loans and paying interest. 

Interest on debt can be as high as 20%, meaning you will pay a lot more than the actual value to pay off your debt

4. Budgeting

Budgeting is the easiest and simplest way to keep your expenses in one place. List all your expenses at the beginning of the month and allot them a certain percentage of your income. 

Make sure you spend your income on necessities first and personal entertainment and recreation second.

5. Engaging in Online Money-Making and Side Hustles 

Here are some of the best online money-making and side hustles you can do to improve your financial situation.

  • Complete online surveys for cash 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.
    • Rakuten. Want to get a cashback while you shop at over 3,500 stores? Check out this rewards site to save some shopping money. Read our full Rakuten review here.
    • InboxDollars. Sign up, start doing the online tasks, and earn extra cash with InboxDollars. Take the surveys, redeem coupons, play games online, watch videos, search the web, and more. Making money can’t get any easier than that! Read our full InboxDollars review here.
    • 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.
  • 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. 
  • 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 tips on making it successful in the data entry field.
  • Flip items for profit. If you are good at finding saleable 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.
  • 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. 

6. Cutting expenses

Some states charge more taxes than others. If most of your income is taken by the government as tax, it is better to cut the expenses to afford necessary items. 

You might consider adopting a minimalist lifestyle, living frugally and simply, and cutting living expenses at the same time. 

What Jobs Pay $57,000 a Year?

Here is the list of jobs with an average salary package of $57,000. Some of them provide pay increments with more time and experience.

  • Real Estate Property Appraiser. Appraises and determines the worth of a residential or commercial property. Salary starts at $53,000 annually. Check out other high-paying jobs in the Real Estate Investment Trusts (REIT) field.
  • Inventory Analyst. Helps the organization’s management with purchasing inventory, allocating resources, and forecasting future sales. Makes from $53,163 to $78,210 on the average.
  • Research Assistant. Supports research projects by conducting literature searches, data management, and maintaining files for project researchers. Mid-level RAs make between $41,662 and $61,100 yearly. 
  • Historian. Gathers historical data, analyzes and interprets historical information, and traces historical developments in a particular field. The average salary in the U.S. is $68,080 per year. 
  • Landscape Architects. Designs attractive and functional public parks, gardens, playgrounds, residential areas, college campuses, and public spaces. The mean annual salary is estimated at $73,160.
  • Mechanical Engineering Technician. Assists mechanical engineers in designing, developing, testing, and manufacturing mechanical devices, including tools, engines, and machines. The average wage is $60,460.
  • Electricians. Designs, installs, and repairs electrical power systems. Makes an average annual wage of $59,190. 
  • Sales Representative. Assists customers as they shop for new products. Earns an average of $56,247 yearly. 
  • Executive Assistant. Responsible for coordinating communications, scheduling meetings, and preparing corporate documents. Earns $51,976 yearly, for starters.

Is $57,000 a Year a Good Salary?

Yes, $57,000 a year is a good salary package if you live in a state where the tax rate is less than or equal to 25%. 

A tax rate higher than that will make life a bit difficult. However, you will still be able to cover your expenses by reducing unnecessary spending. 

Can You Live on $57,000 a Year?

Yes, you can live on a $57,000-a-year salary if you are not the family’s breadwinner. The salary is still good enough if you are living alone, responsible for only your own expenses. Otherwise, you will have to improve the salary package or drastically cut personal expenses to survive with your family on a tight budget.

Frequently Asked Questions – $57,000 a Year Is How Much an Hour?

How Much Will I Take Home if I Earn $57,000?

It depends on several factors, such as your location, deductions, and exemptions. You can take home anywhere from $44,533 to $47,332, depending on your State.

What Is the Tax on $57,000 a Year?

For a $57,000 yearly salary, here is the income tax amount you will pay every year in the different states of the US:

  • New York: $12,679
  • New Mexico: $11,873
  • New Hampshire: $9,669
  • Nevada: $9,669
  • Nebraska: $12,493
  • Montana: $12,667
  • Massachusetts: $12,615

Is $57,000 a Year Considered Middle Class? 

Yes, a $57,000 yearly income is considered middle-class. According to the US Census Bureau, middle-class households “earn between two-thirds and double the median US household income, which was $65,000. ” 

Based on this Pew Research Center yardstick, people who make between the salary range of $43,350 and $130,000 are considered middle-income earners.

The following are the salaries that fall under the middle-class category:

  • Single person: $30,003
  • Married without kids: $42,431
  • Married with a single child: $51,967
  • Married with two children: $60,007

Conclusion – $57,000 a Year Is How Much an Hour?

A yearly income of $57,000 means you make $27 an hour. Your take-home pay may change depending on various factors, such as deductible income tax, vacation or sick leaves, overtime pay, etc. 

Regardless of your net pay, you can improve your financial situation by getting a new full-time or part-time job or a side gig that could give you more income. 

If you want to know more about how much you will make in a year at different pay rates, check out our related posts: