$40 an Hour Is How Much a Year? Can I Live On It?

If you earn $40 an hour and work 40 hours a week, then you will make about $83,200 a year ($40 x 40 hours x 52 weeks). 

That amount of money can cover many basic needs and some luxuries, depending on where you live. Living on $83,200 a year is certainly doable, but it might depend on your lifestyle and the area in which you live.💲💲. 

$40 an hour is how much a year?

To make the most out of your income, we need to know how it looks for different pay periods. That means $40 an hour is how much a year, a day, a week, a month, etc. 

The breakdown of $40 an hour is essential to understanding how much money you’re making and how you can budget accordingly. 

So if your goal is to save a certain amount each month, use the breakdown above to understand how much income you’re actually bringing home.💰😊

So, here’s how it looks for the different pay periods:📅

  • $40 an hour makes: ($40 * 8 hours) = $320 per day ✅
  • $40 an hour makes: ($40 * 40 hours) = $1600 per week ✅
  • $40 an hour makes: ($40 * 80 hours) = $3200 biweekly ✅
  • $40 an hour makes: ($40 * 2080 hours/ 12 months) = $6933 per month ✅
  • $40 an hour makes: ($6933 * 12 months) = $83,200 per year ✅

Regardless, make note that this is only the gross income. The actual money you pocket is subject to taxes, etc.💰💰

This tax constitutes the federal income tax, medicare payment, and social security. Now, if you live in a state where they collect state taxes, you will be charged an additional 3.2% state tax.

Is $40 per hour enough to live?🧐🧐

In most cases, it is sufficient to cover basic living expenses and bills. However, it may depend on where you live. In some cities, even with $40 per hour, it may be difficult to make ends meet due to the high cost of living. 

On the other hand, if you are living in a rural area or small town with low costs of living, then $40 is good for you. 🏠

How can you make more money if $40 an hour is not enough😥🤔

Now, if (and most likely you won’t) you don’t find it easy to live with $40 earned every hour, there are certain other ways of increasing your income. You can try the following:

1. Taking surveys🤑💻

One of the easiest ways to make extra money is to take surveys. Companies are always looking for feedback from their customers and will pay you for it. You can find any number of survey sites online that will pay you for your opinion.

All you have to do is spend a few hours a day on your laptop and take easy surveys on platforms like:

Nevertheless, keep your expectations at a realistic level. You won’t be able to make a fortune out of these sites but may earn enough to make a stable living besides those $40 you make.💷🤑

Here are the top three survey sites that’ll get you some hard cash:💸💸

Survey Junkie🤓💻

One of the top legit sites for making money online via surveys is Survey Junkie. The platform has an easy-to-use, attractive interface, and the payment method is simple. 

You will be required to register on the platform and answer a few questions before you can start taking surveys. Survey Junkie will then serve you with several surveys depending on your interests, age, gender, location, etc. 

You can choose to take those that match your profile and earn points for each completed survey. 💰🤑 For every survey, you earn 2-200 points🏆. 

Once you have accumulated enough points or rewards (usually between $1-$5), you can redeem them for PayPal cash or e-gift cards. The best way to maximize your earnings on Survey Junkie is by being active and consistent. 

Taking surveys daily and completing as many as possible within the shortest time possible will help boost your earnings. 

Inbox Dollars💻💵

Inbox Dollars has several surveys and minor tasks that users can complete and get paid for. Various options include watching videos, playing games, product reviews, questionnaires, and short opinion polls.🎮📃

  • You get a signup bonus of $5 on the site.✋💶
  • You can earn $1 to $5 per task.
  • Payment is made via Paypal, gift cards (redeemable at Target and Walmart), and checks.🏦🎁
  • They also have a referral program to increase your earnings.
  • The minimum threshold for payout is $30.💹


Another popular platform for earning money via surveys and a host of other activities is Swagbucks

It also has a straightforward registration process, and you will be paid via PayPal. As with other survey sites, Swagbucks offers surveys that match your interests, and you can earn points for every completed survey. 

You can also watch videos, play games, shop online, search the web and even read emails to earn Swagbucks cash. 

Payment is made through PayPal and gift cards🎁

2. Playing games🎯🎮

You can also make money by playing online games! PaidGamePlayer is one of the most popular websites where you can play various games and get rewarded for them in terms of cash prizes. 👾👾

Here are some known platforms you can check out and earn while you have fun.

Bingo Cash💵

Bingo Cash is a legit game for making actual money by playing games. The app has a 5-star review and has millions of active players. Earnings are cashed via Paypal, and you can earn as much as $83 for every win!

You can play multiple games of bingo and can purchase tickets, which give you a chance to win bigger jackpots. 

Bingo Cash also has an in-app currency called “BINGO Bucks” which can be used to buy additional tickets.You are also able to participate in tournaments and leagues where you compete against other players for even bigger prizes. 💲💲


Another place to make easy money is Swagbucks. Take a few minutes to create your profile and start playing games, taking surveys, or browsing hundreds of tasks to earn money.

3. Browsing the web – Earn free BAT crypto🪙🪙

There are platforms like ‘Brave’ where you can earn BAT, a Basic Attention Token, and Brave’s cryptocurrency. 

The BAT coin is a type of cryptocurrency that can be used for transactions on the Brave Browser, and users who view ads in the browser can earn free BAT tokens. The more time you spend viewing ads, the more rewards you get. 

You can then use these tokens to purchase items from different vendors or even trade them for other currencies like Bitcoin.💳

4. Reading emails📨

Yes, you can also make money on the go by reading emails! Some top sites you can access are InboxDollars, Branded Surveys, and Inbox Pays. Again the sites are backed by brands who pay the users for simply reading emails they send.📩

Your job is to read the emails sent to your inbox, provide feedback or opinions on products or services and earn rewards.

Payments are made through Paypal and gift cards.💝🎁

Is $40 an hour good?🤔🤔

Ideally, $40 an hour is considered a good salary for most jobs. It is higher than the national median wage of $18.58 per hour but still falls below the average salary for many skilled professions. So while it may not be considered “great” pay, it can provide a comfortable lifestyle if you are careful with your spending. 

It’s important to do research on the job and compare it to other job opportunities in your area before making a decision. Doing so can help you make an informed decision about whether or not $40 an hour is good for you. 

Tips to living on $40 an hour🤔💡

If you’re stuck with $40 an hour, there are some changes you can make to your lifestyle and still make the most of it. 

  • Break up your budget according to the 50/20/30 rule by Sen- Elizabeth Warren. The rule states:✍️💻
    • Your main expenses should be covered by 50% of your income. 📊📊
    • Keep 20% aside for paying debts and save the rest.
    • Keep the remaining 30% for miscellaneous spending.💸💸
  • Limit eating out and impulse purchases. 🍱🍨
  • Make use of coupons, discounts, and loyalty programs whenever possible. 🤑😎
  • Set up a monthly budget and stick to it. 🗓️💰
  • Create an emergency fund for unexpected expenses.⛽️☢️ 
  • You may also try Dave Ramsey’s budget and divide the income according to the following:
    • Housing 25%🌍🏠
    • Insurance 10 – 25%
    • Food, giving, savings 10% each🥞
    • Health and utilities 5 – 10%🏥
    • Transportation 10%🚗
    • Recreation, personal spending, and miscellaneous 5 – 10% each🏖️

Another budgeting model is the 80/20 rule. According to this method, you should use 80% of your income for essentials while saving and investing 20%. This is a great strategy if you want to improve your financial footing quickly. 🤩

Final words😁✅

Now that we know $40 an hour is how much a year, is it a liveable amount in the US? The answer is yes; it can be. 

It all depends on how you manage your finances and how much additional income you can bring in to supplement your hourly salary. If you are able to budget well and take advantage of tax breaks, 40 an hour can provide a comfortable lifestyle for most people.  🤝🤗

So set your financial goals and stick to them so that you can manage your finances successfully. 💪🔑 Good luck! 🍀👍

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