17 dollars an hour is how much per year?
If you want to know how your 17 dollars an hour job translates to an annual wage, you just need to multiply your hourly rate ($17) by the number of hours you work in a year.
The typical American working week is 40 hours. Given that it’s usual to take two weeks of leave each year (unpaid), then we’re working on the basis that you’re paid for 50 of the 52 years. However, we can also work out a 52 week paid version, so that you have answers for both scenarios.
Yearly salary for $17 per hour
40 hours per week for 50 weeks equals 2000 hours of work in a year. $17 per hour would end up giving a salary of: $34,000 per year
Yearly salary (52 weeks)
40 hours per week for 52 weeks equals 2080 hours of work in a year. $17 per hour would end up giving a salary of: $35,360 per year
If you work more than 40 hours per week, we look at figures including overtime further down the article. You can also use our hourly to salary calculator to work out an annual salary based upon different figures for hours per week and weeks per year.
Here’s another way to think of 17 dollars per hour across the year…
- 34,000 slices of dollar pizza ($1 each)
- 6868 skinny peppermint lattes at Starbucks ($4.95 for venti size)
- 2615 cinema tickets ($13 each)
- 1360 visits to the Whitney Art Museum (at $25 per head)
- 68 Botox treatments (at $500 each)
- 25.7 nights at Skylofts at MGM Grand, The Strip, Las Vegas ($1325 per night)
- 17 labradoodle puppies ($2000 each)
- 0.2cm³ of Leonardo da Vinci's ‘Salvator Mundi' (the painting measures 45.4cm x 65.6cm, and was sold for $450.3 million in 2017, so each of its 2978cm³ is worth $151,208)
How much does the average US worker earn per hour?
The average hourly pay of an American worker, as of 2021, is $25.60 (ref). It's worth remembering that average hourly pay will vary for different industries. For example, the average hourly pay in the hospitality industry is around $16, compared to over $40 in the utilities industry.
How your yearly pay compares with others
You earn 56.1% of the $60,558 average US salary. Remember, though: it only takes a handful of billionaires to push the national average way higher than the norm.
The median - or middle - salary of a US worker in 2021 is $51,428, which is $989 per week (BLS). You earn 66.1% of the median national salary.
Here’s the median household income in some US states:
*household income combines all salaries at one address
Reference: census.gov: ‘2017 ACS Median house-hold income (dollars)’
Now compare your wages with the average annual salary of other nations
(All figures are in US dollars)
Reference: OECD (2017 data used, to match other examples)
How much do I make in a day?
If you work 8 hours a day at $17 per hour, you earn: $136 per day
What’s my weekly pay?
If you work 8 hours a day, 5 days a week for $17 per hour, you earn: $680 per week
What's my monthly pay?
Dividing your annual $34,000 salary by 12 months gives an average of: $2833.33 per month
The above figures are for gross pay, before any taxes and deductions are taken out.
What if I work above 40 hours and get paid time-and-a-half?
If you get paid a 1.5 rate for working more than 40 hours, your ‘time-and-a-half’ rate is $25.50 per hour.
|Hours/week||Extra $/week||Extra $/year||Total|
|45 hour week||$127.50||$6,375||$40,375|
|50 hour week||$255||$12,750||$46,750|
|55 hour week||$382.50||$19,125||$53,125|
|60 hour week||$510||$25,500||$59,500|
The 50-30-20 budgeting method suggests a very general idea that people spend 50% of their income (after tax) on living expenses, 30% on discretionary items (fun, entertainment, holidays) and 20% on saving. Finance journalist Paula Pant has written a very good article about this.
Important financial caveat!
Of course, this is intended as a guide and a bit of fun. Your specific state will tax income differently compared to other states, and student loans and cost of living will affect disposable income too. This calculator simply shows how your hourly rate converts to an annual income — on paper. So don’t go printing this out and taking it to your bank manager, OK?
If you're looking to start saving towards a goal, we have an article and calculator to help you calculate how long it might take to save.
For serious advice on your finances, we recommend speaking with a qualified, independent financial advisor.
Last updated: 17 June 2021