If you make an annual salary of $35,000, that means you make roughly $16.82 per hour (based on a 40-hour work week). That figure is slightly below the national median salary for all professions in the United States.
However, whether or not $35k is a good salary depends largely on your area of residence and the cost of living in your particular region💵. If you live in a rural area, where the cost of living is lower and jobs more readily available, then $35k may be considered a good salary💵.
Can you support a family with this salary? 👪👪
$35,000 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:
- $35,000 a year is: ($35,000/12) = $2916 a month 📆
- $35,000 a year is: (2916/2) = $1458 a fortnight
- $35,000 a year is: ($35,000/52 weeks) = $673 a week
- $35,000 a year is: ($35,000/260 working days) = $134 a day🌞
- $35,000 a year is: ($35,000/2080) = $16.82 an hour⏳
However, note that this is the gross income, i.e., the amount you make before deducting taxes, insurance, and other deductibles. 😑➕➖
The actual amount you will take home in your pocket would be lesser than this. 🤑💰✅
In conclusion, if your yearly income is $35,000, then it’s equivalent to $16.82 an hour gross pay before any deductions. 🙂👍😃
How you can make more money if $35,000 is not enough
If you feel $35,000 is not enough to make ends meet after deducting all the desirable expenses, you can consider any of the following options:
- Take up a side job or freelance work. If you have skills in web design, writing, editing, or coding, you can easily find work online on sites like Fiverr or Upwork. 💻
- Look for a second job or career. You can look for jobs with higher pay, such as engineering or software development, or you can pursue a business of your own.💰
- Try to get bonuses and increments💰💰
- Ask the employer for a promotion🏆🏆
- Find work or ways to earn from online jobs💻💻
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 $35,000 isn’t enough:🌐💸
1. Taking surveys ✍️📃
A simple way to make extra money is to take surveys. You can find plenty of legitimate survey sites that offer cash and gift cards for filling out surveys. 💳
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. 💰💳
Plus, you can also get referral bonuses when you refer others to the website. 🙋♀️🤝♂️
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.🌐🌐
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. 🎮💰
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:💵
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.🎮🕹️
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.🌐🌐
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.🌐📨
Usually, these emails include information about branded products and services and, sometimes, offer special discounts or offers for users.🎁🎁
Is $35,000 a year a good salary?🤔🤔
The answer to whether $35,000 is a good salary or not is quite relative.
If you live alone, you can get by with this amount, but it will be hard to save for the future. If you are living with family or roommates, it might be easier to make ends meet. Ultimately, it comes down to your lifestyle and needs. ✅✅
But, if you want to live a comfortable life and have money for extras, like travel or luxury items, then $35,000 is not enough.
$35,000 a year is how much after taxes?📟🥵
Since we already calculated $35,000 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.🏧💰
Suppose if you are a single filer and you make $35,000 a year. You will have to pay 24% of this income in federal income tax, which totals $8,400. So the net income after taxes is calculated by deducting the total tax amount from the gross annual salary.
Now it’s easy to calculate the federal income tax applicable on the $35,000 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 $35,000 a year✅🤔
Here are some tips for making the most of $35,000 a year:💸💲
- 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. 🛍️💰
So with the knowledge that $35,000 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.✅✅
You can plan a budget, save for the future and make sure your needs are met with this salary. Be aware of all the possible taxes that apply to you in order to know the exact amount of money that will reach your bank account.🤑➕
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