If you’re a stay-at-home mom, or are looking for a job to help pay the bills, or if you’re currently working but want to increase your income: there are a lot of people in the world that want to know what they can make at $15 an hour. There are a lot of opinions on this topic and sadly not a lot of facts. I’ve spent some time in the trenches and wanted to write something up on my findings, so I can share it with those who find themselves in this situation.

The annual salary for $15 an hour is $31,200.

The annual salary for a worker making the minimum wage is $15,080. With this change in pay rate, that worker gets $600 more each year. The increase in pay has a significant impact on their ability to pay for necessities such as food, shelter, transportation and education.

**What is the annual salary for $15 an hour **

## Introduction

The minimum wage has increased over the years, and for those that work full time, it is possible to make a living. But what does the salary look like for a job that pays $15 an hour?

## Average hourly wage of $15 an hour comes out to roughly $31,200 a year.

The average hourly wage of $15 an hour comes out to roughly $31,200 a year. This is the average annual pay in those states that raised their minimum wage to $15 an hour on Jan 1 2020.

## If you work 40 hours a week, then working 50 weeks a year and taking 2 weeks off for vacation, then you’ll make $31,200 a year.

If you work 40 hours a week, then working 50 weeks a year and taking 2 weeks off for vacation, then you’ll make $31,200 a year.

This is the most common scenario for people who work in retail.

## If you work 37.5 hours a week, then working 52 weeks a year, and taking 2 weeks off for vacation, your annual salary will be $31,200.

If you work 37.5 hours a week, then working 52 weeks a year, and taking 2 weeks off for vacation, your annual salary will be $31,200.

If you work 40 hours a week for 50 weeks in the year and take one week off for vacation, your annual salary would be $35,600.

If you work 45 hours per week for 50 weeks in the year and take two weeks off for vacation, your annual salary would be $38,750.

## If you work 37.5 hours a week, then working 50 weeks a year and taking 2 weeks off for vacation, then your yearly salary will be $30,000

If you work 37.5 hours a week, then working 50 weeks a year and taking 2 weeks off for vacation, then your yearly salary will be $30,000.

However, if you work 40 hours five days per week and one day off two times during the year, then your yearly salary would be $36,000 per year. The final annual salary for someone who works 50 weeks out of 52 with 2 Saturdays off would be about $39k per year

## If you work 35 hours a week, then working 52 weeks a year and taking 2 weeks off for vacation, your annual salary will be $31,200

If you work 35 hours a week, then working 52 weeks a year and taking 2 weeks off for vacation, your annual salary will be $31,200. This is the lowest possible salary that someone can earn at $15 an hour. But if you work 40 hours a week instead of 35 hours a week, then your annual salary increases to $33,600. The same applies if you were able to work 37.5 hours per week instead of 35: your annual salary would also increase slightly to $34,800!

## This is the average annual pay in those states that raised their minimum wage to $15 an hour on Jan 1 2020.

To find the average annual pay in these states, you have to take the average hourly wage and multiply it by 40 hours/week (or 37.5 hours/week).

- Colorado: $21,000
- Florida: $21,000
- Hawaii: $21,000
- Maine: $21,000
- Michigan: $21,000
- Montana: $21,000

## The salary for jobs that pay $15 an hour varies greatly depending on if it is full time or part time and the total number of hours worked per week.

The salary for jobs that pay $15 an hour varies greatly depending on if it is full time or part time and the total number of hours worked per week. For example, a job that pays $15 an hour for 20 hours a week will result in a higher annual salary compared to one that pays $15 an hour for 40 hours a week.

To determine what your potential annual income would be with this wage, you need to know:

- Whether your job is full-time or part-time (40 hours or less)
- The total number of weeks you expect to work each year

## Conclusion

It is important to keep in mind that the average hourly wage of $15 an hour comes out to roughly $31,200 a year. You should also make sure to factor in taxes, healthcare benefits and any other costs associated with your job before deciding on what salary works best for you.