$30 an hour comes to $62,400 a year, full-time.
Round number, easy to work with. But the question a lot of people at this wage actually want answered isn’t the yearly total — it’s how long it would take to save enough for a house.
Let’s run the real math, using the actual current median home price.
Common Jobs That Pay Around $30 an Hour
This wage often shows up for fully qualified tradespeople and mid-level technical roles: journeyman electricians and plumbers, aircraft mechanics, insurance underwriters, physical therapy assistants, mid-level software developers, and experienced dental hygienists in higher cost-of-living areas.
It’s also a common ceiling for skilled union manufacturing roles after several years on the job.
The Standard Breakdown
Same formula every time: hourly rate × hours per week × weeks per year.
Full-time is 40 hours a week, 52 weeks a year. That’s 2,080 hours.
$30 × 2,080 = $62,400 a year
| Time Period | Hours | Gross Pay |
|---|---|---|
| Hourly | 1 | $30.00 |
| Daily (8-hour shift) | 8 | $240.00 |
| Weekly | 40 | $1,200.00 |
| Biweekly | 80 | $2,400.00 |
| Monthly | 173.33 | $5,200.00 |
| Yearly (2,080 hrs, PTO included) | 2,080 | $62,400.00 |
| Yearly (2,000 hrs, 2 unpaid weeks off) | 2,000 | $60,000.00 |
What You Actually Take Home
Gross pay isn’t take-home pay. Here’s the federal estimate for a single filer, no dependents, 2026 standard deduction:
| Item | Amount |
|---|---|
| Gross annual pay | $62,400.00 |
| Standard deduction (2026, single) | − $16,100.00 |
| Taxable income | $46,300.00 |
| Federal income tax (10%/12% brackets) | − $5,308.00 |
| FICA (Social Security + Medicare, 7.65%) | − $4,773.60 |
| Estimated annual take-home | ≈ $52,318.40 |
| Estimated monthly take-home | ≈ $4,359.87 |
That’s about $52,318 a year, or $4,360 a month, federally.
Texas and Florida charge no state income tax, so that number holds up there. Elsewhere, expect a bit less.
Get your exact state factored in with the After-Tax Salary Calculator.
Quick disclaimer: general estimate, not tax advice. Assumes a single filer, no dependents, standard deduction. Your real number depends on your state, filing status, and benefits.
How Long to Save a House Down Payment on $30 an Hour
Here’s the section worth the real attention.
As of the second quarter of 2026, the median U.S. home price sits at $410,700. A traditional 20% down payment on that comes to $82,140.
Here’s how long that takes to save, at different savings rates out of your take-home pay:
| Savings Rate (of Net Pay) | Monthly Savings | Time to $82,140 |
|---|---|---|
| 10% | $436 | ≈15.7 years |
| 15% | $654 | ≈10.5 years |
| 20% | $872 | ≈7.9 years |
That’s a long runway at a 20% down payment target — which is exactly why so many buyers don’t put 20% down. Some loan programs allow 5% down instead, which changes the math considerably:
| Savings Rate (of Net Pay) | Monthly Savings | Time to $20,535 |
|---|---|---|
| 15% | $654 | ≈2.6 years |
A smaller down payment usually means private mortgage insurance (PMI) added to your monthly payment until you build enough equity — a real ongoing cost, not a free shortcut. But it’s a meaningfully faster path to owning at all, which is why it’s worth knowing both numbers rather than just the traditional 20% figure.
Part-Time and Overtime at $30 an Hour
Not everyone works a flat 40-hour week. Here’s how the yearly total scales:
Regularly working past 40 hours? The Fair Labor Standards Act requires 1.5× pay for non-exempt employees on those extra hours.
At $30/hour, that’s $45/hour for anything past 40. Run your own schedule through the Overtime Calculator.
$30 an Hour Next to Nearby Wages
| Hourly Rate | Weekly | Monthly | Yearly |
|---|---|---|---|
| $28.00 | $1,120 | $4,853 | $58,240 |
| $29.00 | $1,160 | $5,027 | $60,320 |
| $30.00 | $1,200 | $5,200 | $62,400 |
| $32.00 | $1,280 | $5,547 | $66,560 |
| $35.00 | $1,400 | $6,067 | $72,800 |
For the wage just below this one, see the $29 an hour breakdown.
A Full Monthly Budget on $30 an Hour
Take-home around $4,360 a month. Here’s a realistic solo split that includes a dedicated house-savings line:
That $654 house-savings line matches the 15% scenario from the table above — a realistic, sustained pace toward a 20% down payment within about a decade. Build your own version with the Budget Calculator.
Quick Answers
At 40 hours a week for 52 weeks (2,080 hours), $30 an hour is $62,400 a year before taxes.
Saving 15% of take-home pay toward a 20% down payment on the $410,700 median home takes roughly 10.5 years. A 5% down payment instead takes about 2.6 years at the same savings rate.
$5,200 a month before taxes.
About $52,318 a year, or $4,360 a month, after federal tax alone.
Journeyman electricians and plumbers, aircraft mechanics, insurance underwriters, physical therapy assistants, and mid-level software developers often fall in this range.
$45 an hour, for every hour past 40 in a week.
$4,160 a year more, at the same 40-hour schedule.
