# \$37 an hour is how much a year?

People that work as dental hygienists, ship captains, web developers, animators, postmasters, or budget analysts make a median hourly wage of around \$37/hour. You came to this page because you ask yourself “Getting paid \$37 an hour is how much a year or a month?”

The answer is: \$37 an hour is \$69,005 a year.

Earning an hourly wage makes it hard to budget because many expenses, such as rent and utilities come as a monthly bill. Knowing how much is your take-home pay is important. Knowing your monthly income will help you plan how much you can pay monthly in expenses like housing, utilities, or insurance.

## Making \$37 dollars an hour is \$69,005 a year

If your hourly rate is \$37 you will have a gross income of \$69,005 a year.

This assumes you are working 37.5 hours/week with no overtime. It further assumes you work 52 weeks/year minus the federal holidays (which are between ten and eleven per year). That means you work ~ 50 weeks/yr.

Typically workers that are paid hourly, do not get paid holidays. If you’ll take two weeks’ vacation in addition to the holidays, your annual income will reduce to \$69,005.

At 40 hours a week, \$37 dollars an hour will be \$76,590 a year, with only federal holidays off and \$39,900 if you take two weeks’ vacation.

For more detailed instructions, visit “How to calculate your annual income from hourly wages.”

## Making \$37 an hour is \$5,957 a month (on average)

For preparing a budget, you often want to know what monthly income you can expect. For that purpose, you can calculate the monthly income as 1/12th of the annual income. Then \$37 dollars an hour will be \$5,957 dollars a month income.

A more conservative assumption is that each month has 4 weeks. The 4 weeks/mo assumption is recommended for budgeting purposes because it will underestimate the monthly pay slightly. With that, you will be less likely to overspend your income.

With 4 weeks per month, your \$37/hr will amount to \$5,550 a month.

## Making \$37 dollars an hour is \$1,388 dollars every week

Assuming you get paid weekly, then \$37/hr will get you a paycheck of \$1,388 dollars each week. That is \$2,775 if you are paid bi-weekly.

If you are paid bi-weekly, you might also want to budget bi-weekly. In that case, you want to put aside some money for the monthly bills, so you have the cash when they come due.

## Making \$37 bucks an hour will be an income of \$278 dollars a day

Making \$37 bucks an hour will put \$278 into your pocket at the end of a day. This assumes no taxes are deducted from your pay.

## Fun facts about \$37/hour pay rate

• to be continued …

## Disclaimer for budgeting purposes

For budgeting, you do need to calculate your after-tax pay, either bi-weekly or monthly. Even better is to calculate your take-home pay, which might deduct things like 401(k) contributions or union dues. You must be careful with this because you can only spend the cash you actually take home each month.