$40,000 a Year Is How Much An Hour? Is $40k a Good Salary?

If you make an annual salary of $40,000, that means you make roughly $19.23 per hour. ๐ŸŒž

Whether you can live comfortably on $40k a year depends largely on where you live, the cost of living in that area, and your lifestyle. 

If you live in an inexpensive city with a moderate lifestyle, such as Cleveland or Minneapolis, a salary of $40k is more than enough to cover basic expenses, and have some money left over for leisure activities ๐Ÿ’ต.

$40,000 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, weโ€™ll take that as the basis of our calculation. ๐Ÿงฎ๐Ÿ’ป

Then, $40,000 can be broken down to $19.23 an hour (or $796 a week). To make it easier to compare salaries across different jobs and industries, you can use online salary calculators to help with the conversion. Most of these will factor in overtime hours, bonuses, etc., so youโ€™ll get an accurate estimate. 

Hereโ€™s the division of the income on a monthly, weekly, daily, and hourly basis:

  • $40,000 a year is: ($40,000/12) = $3333 a month ๐Ÿ“†
  • $40,000 a year is: (3333/2) = $1666 a fortnight
  • $40,000 a year is: ($40,000/52 weeks) = $796 a week
  • $40,000 a year is: ($40,000/260 working days) = $153 a day๐ŸŒž
  • $40,000 a year is: ($40,000/2080) = $19.23 an hourโณ

However, note that this is the gross income, i.e., the amount you make before deducting taxes, insurance, and other deductibles. ๐Ÿ˜‘โž•โž–

The actual amount you will take home in your pocket would be lesser than this. ๐Ÿค‘๐Ÿ’ฐโœ… 

How you can make more money if $40,000 is not enough 

If you feel $40,000 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. ๐Ÿ’ป
  • 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.๐Ÿ’ฐ
  • Try to get bonuses and increments๐Ÿ’ฐ๐Ÿ’ฐ
  • Go for a higher degree or certification. A higher degree can increase your earning potential and help you qualify for better jobs. ๐ŸŽ“
  • Take advantage of tax deductions or government programs. Several government programs and tax deductions could help you save money, thus allowing you to make more money. ๐Ÿ’ณ
  • Ask the employer for a promotion๐Ÿ†๐Ÿ†
  • Find work or ways to earn from online jobs๐Ÿ’ป๐Ÿ’ป

Speaking of online jobs, did you know you can make some solid bucks just via your phone or laptop while sitting at home?๐Ÿช‘๐Ÿ’†

Take a look at legit sites that can help you make more money when $40,000 isnโ€™t enough:๐ŸŒ๐Ÿ’ธ

1. Taking surveys โœ๏ธ๐Ÿ“ƒ

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. ๐Ÿ’ณ

They take the opinion and thoughts of the general market and potential customers before launching their products or services in the market.๐ŸŽ๐ŸŽ You can find many such sites on the internet and give your opinion to get paid. ๐Ÿค‘

The amount you earn depends on the type and length of the survey. Many surveys offer just a few cents, while some can pay several dollars. ๐Ÿ’ต You can easily earn an extra $50 to $100 per month by taking these surveys in your free time. ๐Ÿค‘๐Ÿค‘

The more time you spend on the site, the more surveys you take, and the more chances you can maximize your earnings.๐Ÿ‘๐Ÿ†

Here are the top three sites to earn some passive income on the go.๐Ÿ’ธ๐Ÿ’ธ


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. ๐Ÿ”Œ๐Ÿƒ

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.๐Ÿง๐ŸŽ


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. .๐Ÿช

You can redeem your earnings through PayPal, gift cards on amazon, visa rewards, and Payoneer.๐Ÿ’ณ๐Ÿ’ธ๐Ÿ’

Survey Junkie๐Ÿ“ƒโœ๏ธ

With over 11 million users today, Survey Junkie stands out as a platform for earning rewards and easily making hard cash on the go.๐Ÿ“ฑ๐Ÿ“ฑ

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.๐ŸŒ๐ŸŒ

You can redeem your earnings via PayPal, bank transfer, or electronic gift cards. ๐ŸŽ๐ŸŽ

2. Playing games๐ŸŽฎ๐Ÿ•น๏ธ

A fun and relaxing way to earn money is by playing games! 

Mistplay is a mobile app that pays you to play games on your phone. You earn points while youโ€™re playing, which can then be exchanged for gift cards and cash prizes. ๐Ÿ’ฐ๐Ÿ’ณ 

You can also try other apps such as InboxDollars or Swagbucks that let you play games in exchange for rewards. 

Bingo Cash

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:๐Ÿ’ต

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.๐ŸŽ๐Ÿ’ต


At Swagbucks, you earn SB, a virtual currency, for every task you finish. ๐ŸŽฎ๐Ÿ•น๏ธ

Swagbucks partners with GSN (Game Show Network) to enable avid gamers to play games and make purchases while earning Sb on the platform.๐Ÿ’ฒ๐Ÿ’ต

The earnings are encashed through PayPal, discounts, freebies, and gift cards redeemable at Amazon, Walmart, Uber, Starbucks, etc.๐Ÿš—โ˜•๐Ÿ’ณ

3. Browsing the web โ€“ Earn free BAT crypto๐Ÿค‘๐Ÿ’ฒ

You can also earn cryptocurrency by installing and using browsers like โ€˜Braveโ€™ as your default browser for web searches, emails, etc.๐ŸŒ๐ŸŒ

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.๐Ÿ’ฐ๐Ÿค‘ 

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.๐Ÿ‘›๐Ÿ’ฒ

4. Reading emails๐Ÿ“–๐Ÿ“จ

Another easy peasy way to earn is to read a few lines of emails whenever you get the time and earn! 

Youโ€™ll have to sign up with a few websites that pay you to read emails. Then all you have to do is read the email and click on the link provided in it. ๐Ÿ“ง Once youโ€™ve done that, youโ€™ll get rewarded with cash or gift cards depending on the website. 

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.๐ŸŒ๐Ÿ“จ

Usually, these emails include information about branded products and services and, sometimes, offer special discounts or offers for users.๐ŸŽ๐ŸŽ

Is $40,000 a year a good salary?๐Ÿค”๐Ÿค”

The answer to whether $40,000 is a good salary or not is quite relative. 

It depends on the cost of living in your area and what type of lifestyle you want to live. For instance, if you are living in an area with a high cost of living, then $40,000 may not be enough to cover all your needs and desires, whereas if you live in an area where costs are lower, this salary may be more than sufficient. โœ…โœ…

$40,000 a year is how much after taxes?๐Ÿ“Ÿ๐Ÿฅต

Since we already calculated $40,000 a year is how much an hour, we know the gross income. But thatโ€™s not the amount of money that reaches your account. There will be specific deductibles and taxes that apply.๐Ÿง๐Ÿ’ฐ

Suppose you earn $40,000 a year and live in the United States. This means you will be taxed at 25% of your income, which is equivalent to $10,000. So after taxes, youโ€™ll take home around $30,000 per year. ๐Ÿค‘๐Ÿค‘ 

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.๐Ÿค”๐Ÿ—ฝ

Tips to living on $40,000 a yearโœ…๐Ÿค”

Here are some tips for making the most of $40,000  a year:๐Ÿ’ธ๐Ÿ’ฒ

  • Limit dine-outs and make home meals when possible.๐Ÿฅช๐ŸŒฎ
  • Carpool with friends or neighbors to save up on fuel and travel expenses.โ›ฝ๐Ÿš•
  • Pay off any pending debts๐Ÿง๐Ÿฆ
  • You can also look into using coupons. ๐Ÿ“ƒ๐Ÿ“„

Final words๐Ÿค”๐Ÿง

So with the knowledge that $40,000 a year is how much an hour, you can determine the amount of money youโ€™ll take home after taxes. Keep track of your deductions and tax liabilities so that you know exactly how much money you will have at the end of the year! ๐Ÿ’ฐ๐Ÿค‘ 

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 to know the exact amount of money that will reach your bank account.๐Ÿค‘โž•ย 

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