Do you know if $40,000 a year is a livable wage? How much is that in an hour? Is it a good salary? The answer depends on your lifestyle and how you handle your finances.
To calculate, a salary of $40,000 per year equals $19.23 per hour. This is focused on 40 hours worked a week for 52 weeks a year, which means 2,080 hours.
$40,000 a year is a decent salary, making you $19.23 an hour. However, you have to live within your means so that a proper nest egg will always be available for you and your family.