When it comes to salary, it depends on what kind of job you have and where you live. In terms of an hourly wage, $30,000 a year is equivalent to $14.42 an hour for a 40-hour work week.
Can you support a family with this salary? 👪👪
The thing is, it is just slightly below the average national income. You can’t make fortunes with such an amount. However, with planning, you may be able to maintain a sustainable lifestyle with a consistent income stream.💵💹
$30,000 a year is how much an hour?
For comparison, we need to convert the amount from a yearly to an hourly basis. Since the average working hours are 40 hours a week, we’ll take that as the basis of our calculation. 🧮💻
Here’s the division of the income on a monthly, weekly, daily, and hourly basis:
- $30,000 a year is: ($30,000/12) = $2500 a month 📆
- $30,000 a year is: (2500/2) = $1250 a fortnight
- $30,000 a year is: ($30,000/52 weeks) = $576 a week
- $30,000 a year is: ($30,000/260 working days) = $115 a day🌞
- $30,000 a year is: ($30,000/2080) = $14.4 an hour⏳
However, note that this is the gross income, i.e., the amount you make before deducting taxes, insurance, and other deductibles. 😑➕➖
How you can make more money if $30,000 is not enough
Realistically speaking, and after knowing $30,000 a year is how much an hour, we’ll say it’s not enough. It may be alright for you alone, but you may have to live hand to mouth if you have a family. So, what you should do is:
- Try to get bonuses and increments💰💰
- Ask the employer for a promotion🏆🏆
- Look for other jobs that pay higher⬆️👍
- Look for options for a second income stream🧑💼
- Find work or ways to earn from online jobs💻💻
You can also create multiple streams of income. One way is to start a side business and make money from that. You can also look for freelance gigs or part-time work to supplement your income. Another option is to invest in stocks or mutual funds and make money that way.
Speaking of online jobs, did you know you can make some solid bucks just via your phone or laptop while sitting at home?🪑💆
Take a look at legit sites that can help you make more money when $30,000 isn’t enough:🌐💸
1. Taking surveys ✍️📃
My websites pay their users to take surveys and questionnaires or perform minor tasks like watching videos, being part of focus groups, etc. All these are third-party websites that companies approach to get market insights. 🧐
They take the opinion and thoughts of the general market and potential customers before launching their products or services in the market.🎁🎁 You can find many such sites on the internet and give your opinion to get paid. 🤑
The more time you spend on the site, the more surveys you take, and the more chances you can maximize your earnings.👍🏆
Here are the top three sites to earn some passive income on the go.💸💸
InboxDollars is a great platform to earn cash simply by taking surveys, playing games, watching videos, participating in polls, etc. You will find available surveys on various topics like sports, technology, politics, electronics, etc. 🔌🏃
The payments are made via PayPal or check, and you can also redeem your earnings for gift cards from retailers like Amazon and Walmart. 💰💳
It is free to join InboxDollars, and you can get started quickly with just a few clicks.
It takes 5 to 30 minutes to complete each survey (depending on the complexity.) You can earn between $0.50 to $5 for each survey you take on the site. Then, you can encash or redeem your earnings via Paypal, prepaid visa card, gift card, and check.🏧🎁
Another top-rated platform for taking surveys, playing games, and making money on the go by being part of such effortless and fun activities is Swagbucks. .🏪
You can redeem your earnings through PayPal, gift cards on amazon, visa rewards, and Payoneer.💳💸💝
With over 11 million users today, Survey Junkie stands out as a platform for earning rewards and easily making hard cash on the go.📱📱
Another way to make the most of the app is via Survey Pulse. That gives you access to more surveys than an average user. All these surveys are sent to you based on your demographics, interests, shopping habits, and ads or websites you view regularly.🌐🌐
The amount you earn also depends on your location, interests, and other aspects of your profile. Some users have also reported earning $200 per month! But a basic minimum is around $2 to $5 per hour.⌚💸
You can redeem your earnings via PayPal, bank transfer, or electronic gift cards. 🎁🎁
2. Playing games🎮🕹️
A fun and relaxing way to earn money is by playing games! Just imagine when you wish to relax your mind, take out your phone and start a game of Candy Crush. Imagine being paid for a game like that. 🎮💰
Playing games can be an extremely fun way to make money. You can play anything from puzzle games to casino games and more, all for real cash prizes. Many game developers offer ways for you to make money while playing their game. This could be in the form of virtual currencies, rewards or even real cash bonuses.
Bingo Cash is one platform where you can earn money to play games with other users worldwide and win cash and prizes. The key features of the app are:💵
- Play games like Angry Birds, Wheel of Fortune, and Solitaire for free and earn cash prizes for each game!🎮💵
- Be part of tournaments and connect with and learn about various cultures worldwide!🌎🌎
- The top-paying games include word games, fighting games, casinos, poker, arcade, and strategic games.🎯🎯
You can earn as much as $1 for installing the app and creating your profile and up to $50 for achieving a level in 40 days. It all depends on how much time you invest in the app.🎁💵
People who love games and can give the most time to them have made $60,000 a year! ⬆️⬆️
At Swagbucks, you earn SB, a virtual currency, for every task you finish. The site offers many interactive user games besides signing up bonuses, referrals, and surveys.🎮🕹️
There are answering trivia, videos, internet searches, and other activities that add SB points to your profile.🌐💯
Plus, you can redeem your SB for gift cards to popular stores such as Amazon, Starbucks, Target and more.
Swagbucks partners with GSN (Game Show Network) to enable avid gamers to play games and make purchases while earning Sb on the platform.💲💵
The earnings are encashed through PayPal, discounts, freebies, and gift cards redeemable at Amazon, Walmart, Uber, Starbucks, etc.🚗☕💳
3. Browsing the web – Earn free BAT crypto🤑💲
You can also earn cryptocurrency by installing and using browsers like ‘Brave’ as your default browser for web searches, emails, etc.🌐🌐
The browser is compatible with various devices and operating systems, so installation is a breeze. It also keeps you safe from web tracking and popups and hides your traffic via Tor. 😃👮
It also pays you in a cryptocurrency that you can convert for real money. You can earn bonuses just for using the browser and if you refer your friends, you get additional bonuses.💰🤑 So what are you waiting for? Download the ‘Brave’ browser now and start earning crypto! 🤩😍
The earnings are stored in your Brave wallet and can be redeemed as gift cards. You can also trade them as a cryptocurrency or use them for purchases.👛💲
4. Reading emails📖📨
Another easy peasy way to earn is to read a few lines of emails whenever you get the time and earn!
Websites like Inbox Dollars, Inbox Pays, and Branded Surveys, amongst the list of other activities and potential for earning money on the go, also pay users to read emails they send.🌐📨
You’ll have to register with the website, and you’ll be paid a few cents per email depending on the length of the email. 💰🤑
Usually, these emails include information about branded products and services and, sometimes, offer special discounts or offers for users.🎁🎁
You can encash or redeem your earnings via gift cards, PayPal, etc.🎁🏧
Is $30,000 a year a good salary?🤔🤔
The answer to whether $30,000 is a good salary or not is quite relative. You can pay off your basic rent and cover your expenses; with some budgeting, you can save and invest.✅✅
But, if you want to live a comfortable life and have money for extras, like travel or luxury items, then $30,000 is not enough. If you are in a high-cost area such as New York City, $30K may not even be able to cover your rent.⛔️
$30,000 a year is how much after taxes?📟🥵
Since we already calculated $30,000 a year is how much an hour, we know the gross income. But that’s not the amount of money that reaches your account. There will be specific deductibles and taxes that apply.🏧💰
Now it’s easy to calculate the federal income tax applicable on the $30,000 annual income. However, the state laws vary for each state. Smaller states have low state taxes, and big states like New York City have higher state taxes.
Click here to know the percentages of taxes applicable across all the states of the US.🤔🗽
Tips to living on $30,000 a year✅🤔
Here are some tips for making the most of $30,000 a year:💸💲
- Use the 50/30/20 budget rule:
- 50% of income should go towards rent, groceries, and other utilities🛒🏪
- 30% should be kept for food, clothes, and other basics
- 20% should be for savings and payment of debts.
- Limit dine-outs and make home meals when possible.🥪🌮
- Carpool with friends or neighbors to save up on fuel and travel expenses.⛽🚕
- Pay off any pending debts🏧🏦
- You can also look into using coupons. 📃📄
- You can also use public transportation as much as possible.🚆🚌
- Shop at discount stores, thrift stores and online outlets to get items for less. 🛍️💰
- Cut back on your cable and phone bills by using more economical options such as Netflix or cell phone plans with prepaid minutes.⌨️
So with the knowledge that $30,000 a year is how much an hour, while you may not be able to build palaces, you can enjoy a certain satisfactory and comfortable living level.✅✅
The key is to budget carefully and make the most of each dollar for your day-to-day needs. To keep an eye on unexpected expenses, it’s important to have a savings plan in place. When you can save money and track your spending, you’ll live comfortably without debt.💸💲
However, if you plan a big expense shortly, like buying a home, you may need to consider adding a second income stream or switching careers.🏣🧑💼
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