$17 Dollars an Hour is How Much a Year? (Can You Live on it 2023)

$17 an hour is how much a year? This is the question we are going to be answering in this article today.

If you want to be able to calculate your annual salary, then you are going to be able to work out whether you actually can live on $17 an hour.

We’re going to share with you how much you are going to earn per month, per year, and per week on $17 an hour, and we will determine whether this is a good salary or not.

Let’s dive into it.

$17 Dollars an Hour is How Much a Year?

If you’re wondering how much $17 an hour is per year, this is $35,360 a year.

If you work 40 hours a week, and multiply this by 52, then this equals out to be 2080 hours worked a year.

If you multiply how many hours you work a year, by $17, you are going to get $35,360. This is how much you are going to make a year before you pay tax.

Full Time Work

Full time work in America is considered anywhere between 35 and 40 hours a week.

If you earn $17 an hour, and you work 35 hours an average a week, you’re going to earn $30,940 a year.

Part Time

If you work part time in America, then anything beneath 35 hours is considered this.

On average, part-time employees work between 30 and 20 hours a week.

If you work 25 hours a week as an average, then you’re going to earn $22,100 a year before taxes.

How Much is $17 a Year After Taxes?

If you’re making $35,360 a year, then you are going to pay 20% of your income in Social Security, federal taxes, and Medicare.

You will pay even more if you are located in a state that is collecting income tax as well.

This means if you work 40 hours a week, then you are going to take home $28,288 after tax, and then you’re going to take home $17,680 a year, if you work 25 hours a week.

Is $17 an Hour a Good Wage?

According to the Bureau of Labor statistics, if you earn $17 an hour, this is an average wage.

Can You Live on $17 an Hour?

The good news is that you can live off $17 an hour in the States if you budget correctly.

Of course, just how well you’re able to live on $17 an hour is going to depend on a number of factors.

The first is going to depend on where you are located. If you live in San Francisco or New York, the cost of living is going to be a lot higher than if you live in a small town.

This means that you’re going to be spending more of your wage on food, housing, and transport.

However, you can still get by on $17 an hour if you live in a big city, if you know how to budget well. It also depends on your lifestyle.

If you are somebody who likes to spend their money on designer clothes, and eating out a lot, then you are going to need to make a lot more money, than someone who is happy to spend the money on cheaper meals, and cheaper clothes.

Lastly, it depends on your family situation.

If you have dependents, then you’re going to need to make more money than if you are single, and not married.

In New York City, if you are a single person, you’re going to be able to get by on $47,500 a year, but if you have a child, then you are going to need to earn at least $89,000.

Can You Buy a House on $17 an Hour?

The answer to this question is going to depend on a few things. The first depends on the property market in your area.

Again, if you live in an expensive city, then you are going to need to make more money, in order to be able to afford a house.

It also depends on your debt-to-income ratio.

This is how much debt you have, compared to how much money you make. This ratio is going to affect your credit score.

Of course, if you’ve got a lot of debt, then you will need to pay this off before you get a home loan.

Lastly, it depends on how much you are going to put down in your down payment.

The bigger your down payment is, the less you will need to finance, and the easier it is going to be for you to be able to pay your house off over time.

How to Live Well on $17 an Hour

If you want to have a good lifestyle on $17 an hour, then there are a number of things that you need to do.

First, you need to live in a cheaper area, and you need to work out how to create a proper budget.

Then, you need to pay off your debts, prioritize saving your money, and be wise about what you invest in.

How Much is $17 an Hour a Day?

If you’re earning $17 an hour, then you are going to earn $136 a day, before you pay tax.

After you have paid tax, you are going to get roughly around $109 a day. This is if you work full time.

If you’re working five hours a day, and you’re earning $17 an hour, then you are going to take home $68 after tax.

How Much is $17 an Hour a Week?

If you earn $17 an hour, and you work 40 hours a week, then you are going to earn $680 a week, before you pay tax.

After tax, you are going to earn $544.

How Much is $17 an Hour Every Two Weeks?

Every two weeks, if you work 40 hours a week, and you get paid $17 an hour, you are going to be earning $1360.

After tax, this is going to be $1088.

How Much is $17 an Hour a Month?

If you work 40 hours a week, and you take home $17 an hour, then you are going to earn $2,720 a month, before tax.

This means that you would take home roughly around $2176 after tax.

If you work part time, then you are going to get a total of $1842 a month, and after tax, you’re going to take home $1474.

How to Make Money

If $17 an hour isn’t enough for you to live your preferred lifestyle, then there are other ways that you can earn money.

The first thing you can do is ask for a raise or you can start a side hustle.

You can even take on a part time job, and lastly, you can reduce your expenses.

Related Guides

• $35 Dollars an Hour is How Much a Year?
• $30 Dollars an Hour is How Much a Year?
• $20 Dollars an Hour is How Much a Year?
• $18 Dollars an Hour is How Much a Year?
• $15 Dollars an Hour is How Much a Year?
• How Many Work Hours in a Year?

Final Thoughts

We have answered the question $17 dollars an hour is how much a year, and now you know how much you are going to earn annually if you work 40 hours a week, on $17 an hour.