$60,000 a Year Is How Much An Hour? Is $60k a Good Salary?

If you make an annual salary of $60,000, that means you make roughly $28.85 per hour. Is it enough?

It depends on the job, location, and cost of living. $60k is usually considered a decent salary for an individual. In some places like California or New York City, however, it might not be enough to get by comfortably, depending on your lifestyle.

It also depends on the size of your family and any other expenses you have to take care of. 🤑 💵. Let’s learn more.

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$60,000 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:

$60,000 a year is: ($60,000/12) = $5000 a month 📆
$60,000 a year is: (5000/2) = $2500 a fortnight
$60,000 a year is: ($60,000/52 weeks) = $1153 a week
$60,000 a year is: ($60,000/260 working days) = $230 a day🌞
$60,000 a year is: ($60,000/2080) = $28.85 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 $60,000 is not enough

If you feel $60,000 is not enough to make ends meet after deducting all the desirable expenses, you can consider any of the following options:

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. 💳
Try to get a higher paying job. If you are not satisfied with your current income, look for jobs that offer more salary or better benefits. 🤝
Start a business. You can use your skills and knowledge to start something of your own and make money out of it.

Speaking of online jobs, did you know you can make some solid bucks just via your phone or laptop while sitting at home?🪑💆Here are some good options to try.

1. Taking surveys ✍️📃

You can make extra money a year by taking surveys. Survey companies offer market research by asking people to take online or phone surveys.

💵 You can easily earn an extra $60 to $100 per month by taking these surveys in your free time. 🤑🤑

The key is to join as many survey sites as possible and take surveys regularly. Some of the best survey sites include InboxDollars, Survey Junkie, Swagbucks, MyPoints, Harris Poll Online, and Opinion Outpost.

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📥💲

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. 🔌🏃

It takes 5 to 30 minutes to complete each survey (depending on the complexity.) You can earn between $0.60 to $5 for each survey you take on the site.

Then, you can cash out your earnings through PayPal or get a check in the mail. You need to have at least $30 in your account before withdrawing your money. InboxDollars also partners with various retailers to give bonus points when you shop online. 🏧🎁

Swagbucks💵💴

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. .🏪

It takes around 10 to 20 minutes to complete each survey with an average payout of $0.50 to $10 per completed survey.

The points you earn can be redeemed for cash, gift cards or even PayPal payments. Swagbucks also has an app which is a great way to make money while on the go and take surveys anywhere, anytime!

You can redeem your earnings through PayPal, gift cards on amazon, visa rewards, and Payoneer.💳💸💝

The platform offers a variety of methods to make money, including completing surveys, watching videos, and doing tasks. You can also earn cashback when you shop at thousands of stores through the platform. 💳 Swagbucks also offers rewards for referring your friends and family members to use their services.🌟

Survey Junkie📃✍️

Survey Junkie is a market research platform that rewards you for participating in surveys and providing feedback on different products. 🤝

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.🌐🌐

2. Playing games🎮🕹️

Nowadays, there are several websites that offer cash rewards for playing games. You can also play for free on some sites and earn additional points that you can redeem for prizes or gift cards. 📦🎁

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:💵

Plus, you don’t have to pay anything to play the games or any other service.💰 The only thing you have to do is invite your friends and family members to join the fun and earn a referral bonus when they start using it. ✨

Swagbucks💵🌐

At Swagbucks, you earn SB, a virtual currency, for every task you finish. 🎮🕹️

Swagbucks partners with GSN (Game Show Network) to enable avid gamers to play games and make purchases while earning Sb on the platform.💲💵

Plus, your SB can be exchanged for gift cards to your favorite stores, including Amazon, Target, Walmart and Starbucks. 🎁💳

3. Browsing the web – Earn free BAT crypto🤑💲

The Brave browser is a fast, secure and private browser. It is the first browser to introduce blockchain technology for digital marketing by introducing BAT tokens.

For each task you complete on Brave (loading websites, watching videos, filling out surveys), you will earn free BAT tokens that can be exchanged for real money through cryptocurrency exchanges. 🤑💲I

You can then use the BAT tokens to buy other cryptocurrencies or just hold on to them as an investment. In addition, you can also earn cryptocurrency by buying and selling items online in certain marketplaces such as OpenBazaar and OpenSea. 🛒📦

If you are someone who loves to browse the web, Brave is the perfect way to make money while you’re at it. It’s easy and secure to use Brave browser and earn free BAT crypto tokens – all you need to do is sign up for an account and start browsing! 🤓👍🏽

4. Reading emails📖📨

Did you know you can earn money by reading emails?

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 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. 📧

Is $60,000 a year a good salary?🤔🤔

The answer to this question depends on many factors, such as where you live, your lifestyle and the type of job you have. Generally speaking, a salary of $60,000 per year is considered to be a good salary for most people. 🤔💰

In some locations and with certain jobs, $60,000 might not be enough to cover all living expenses and may not be considered a good salary. It’s important to consider your individual situation and needs before deciding what is a good salary for you. 🤔💸

$60,000 a year is how much after taxes?📟🥵

Since we already calculated $60,000 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.🏧💰

The tax rate depends on many factors, such as your state and filing status. If you’re filing alone and earn $60,000 in taxable income, you can expect to pay around 25-30% of your income in taxes. This leaves you with a net salary of $42,000-$45,000 annually. 🤔💳

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 $60,000 a year✅🤔

Here are some tips for making the most of $60,000 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. 📃📄
Save up on entertainment costs by having movie nights with friends and family.🎞️💿
Shop for groceries at wholesale stores or club outlets to save money.⚖️🛍️
Shop around for different types of insurance policies to make sure you’re getting the best deal. 🛡️📝
Look into options that can help reduce taxes, such as 401k plans. 💵🤝

Final words🤔🧐

$60,000 a year is a good income, and you can make the most out of it by following these tips. 🤗🤝

When budgeting, it’s important that you build and stick to a budget, track all your expenses, and save for the future. Additionally, consider investing any extra money in stocks, bonds or mutual funds for long-term growth. 📊💰