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$33 An Hour Is How Much A Year?

33 an hour is how much a year

If you’ve recently been looking for a job, you’ve probably noticed that how much you earn can be written in two different ways. First off, your employer might tell you exactly how much you earn each year. Alternatively, they may tell you how much you will get per hour.

If it’s the latter, how do you work out the yearly salary?

Don’t worry, it’s a pretty simple process. So, let’s find out $33 an hour is how much a year.

How to Calculate How Much $33 an Hour is a Year?

First things first: how many work hours are in a year? Well, that all depends. Are you a full-time or part-time employee?

How to Calculate How Much $33 an Hour is a Year

Full-time staff

Let’s assume that you’re in full-time employment. Most full-timers work 9-5, Monday to Friday. That works out to 40 hours a week.

Most people have around two weeks of holiday time each year. That gives you 50 weeks a year of work. Multiply those 40 hours by 50 weeks, and that gives you 2000 hours of work a year.

So, how much do I earn a year?

That’s easy! Simply multiply your hourly rate by the number of hours in a year. $33 multiplied by 2000 hours gives you a salary of $66,000 a year.

Remember, though, that not all jobs are the same. Some-full time employees are expected to work far more hours than this. You need to know the exact number of hours your boss expects you to work into consideration when figuring this out.

What about part-time staff?

There is no set number of hours a part-time employee works. It could be as little as a few hours after school, one day per week. Don’t worry, though; you can still figure it out.

Part-time employees work, on average, 20-29 hours a week. And you can work out how many workable hours a year that is the same way as before. 20-29 hours multiplied by 50 weeks gives you 1,000-1,450 hours a year.

How much money is that?

Let’s think about that formula we used earlier. Multiply the number of hours a year by $33. 1,000-1,450 x $33 is $33,000-$47,850 a year.

Of course, that’s assuming you get a full two weeks of holiday time. You may get more or less depending on your job. The method for working out the salary stays the same, though; you’ll just need to tweak the number of hours a little.

$33 an Hour is How Much a Year without Holidays?

$33 an Hour is How Much a Year without Holidays

So, you’re a workaholic, are you? Don’t want to take that holiday time? Good news! That means even more earning potential.

In that case, the number of workable hours in a year changes. Now you have 52 weeks to work with. 52 multiplied by 40 hours equals 2,080 hours.

How much is that in a year?

2,080 hours multiplied by $33 an hour works out to $68,640. That’s a pretty decent salary jump! If you’re short of cash, not taking holidays can be a great way to boost your pay.

And if you’re part-time, no problem! 20-29 hours by 52 weeks is 1,040-1,508 hours each year. Multiply it by $33, and you’re looking at a salary of $34,320-$49,764.

But there’s a catch…

Just because you want to work 52 weeks a year, it doesn’t mean you can. There’s a very good chance that your boss won’t want you to if you’re on an hourly rate. After all, they’re the ones paying the wages!

Plus, certain groups of people are restricted by the number of hours they can legally work in a week. Minors, for example, are one such group with these limits. You can check out the US Department of Labor for more details.

Work During Holidays

Here in America, there are a lot of holidays. And your place of employment will likely be closed for some of them. Unless you’re a customer service worker, you probably won’t be working during days like Thanksgiving and Christmas.

But you might not be sure which days of the year are public holidays. There’s a simple solution to that. Just check out this list, and be sure to double-check with the boss!

Is $33 an Hour a Good Wage?

When considering a job offer, one of the most important things to think about has to be the rate of pay. In today’s job market, $33 may seem like an awesome wage! But is it really?

Is $33 an Hour a Good Wage

Average hourly wage

The first factor to take into account is the average hourly wage across the United States. According to the US Bureau of Labor Statistics, American workers average out at $28.18 an hour. So, in comparison, $33 isn’t too shabby.

It’s worth remembering, though, that you will not be taking home $33 an hour. Taxes and various other garnishments will be applied to every pay cheque. Be sure to think about how much is likely to be taken out.

Location Location Location

There’s no denying it – the entire world is going through a cost-of-living crisis. Money just doesn’t go as far as it used it. And if you’re not careful, those bills can quickly pile up.

But the cost of living isn’t the same everywhere. It stands to reason that a large, metropolitan city is going to be more expensive than a rural village. If you’re able to relocate, then you can make the money stretch further.

Where are the cheapest places to live?

The cheapest states are, for the most part, grouped together. Mississippi, Alabama, and Arkansas are all inexpensive places to call home. Indiana, Oklahoma, and Missouri are pretty cheap too.

Unsurprisingly, the most expensive state is Hawaii. That’s closely followed by New York, California, and Massachusetts. Avoid these places if you’re on a budget!

Are you experienced?

What is the job title? And have you ever performed a role like this before? A little experience can go a long way.

If you’re just starting in your career and it’s an entry-level position, then great! $33 an hour is a decent rate of pay. But a skilled worker with a lot of experience in the bag should be expecting more.

Financial Goals

The final element to consider is your financial state. What are you hoping to achieve? Are there any financial goals you’re hoping to hit?

If so, you need to start saving. And depending on your living costs, it might be difficult to do so when earning $33 an hour. It’s not fun to think about, but we all need to save money for the future.

Tips for Saving Money

Saving money is an incredibly important skill to develop. Whether you’re saving for a large purchase, trying to pay off debt, or hoping to build an emergency fund, it’s essential to do it to achieve your financial goals. So, what’s the best way to do so?

Tips for Saving Money

Create a Budget

Budgeting should always be the first step when it comes to saving. It will help you track your spending and identify any areas where you can make cutbacks. And it’s pretty easy to do.

An Excel spreadsheet is the way to go here. List all your monthly expenses, including rent or mortgage, utility bills, transport, food, and extras. You’ll soon spot any problem areas and find money to save.

Set a Goal

Once you’ve got a budget in place, the next step is to set a savings goal. This might be a set amount each month, or it could be a much larger total to aim for in the future. Having a clear goal in mind can help you stay motivated and focused on your efforts.

But please keep that goal realistic! If you’re earning $33 an hour, it’s unlikely that you’re going to make $1 million in the next year! And remember that you do need a decent quality of life as well.

Automate Your Bank Account

Many of us have already set up our bank accounts to automatically pay bills. But you can also set up automatic transfers from your checking account to a savings account. And if you arrange that to happen on the same day that you get paid, you won’t have time to spend the money before it’s in savings.

Cashback Apps

Various cashback apps can also help when it comes to saving. They’ll give you cashback and rewards for buying certain items at certain stores. Check out Rakuten and Ibotta to get you started.

Need To Know More About Your Salary?

Then take a look at our in-depth guides on How Do I Convert Salary To Hourly To Calculate A Part Time Rate, or How To Get A Pay Stub and the difference in Gross Pay vs Net Pay in 2023?

Or maybe you need to know all about Part Time And Full Time Hours, or the difference between Salary vs Hourly Pay or are looking for the very best Flexible Jobs That Let You Set Your Own Hours.

Or, if that all-important interview is coming up soon, then you’re probably wondering How To Answer Desired Salary, as well as How To Counteroffer Your Salary After A Job Offer, or answer What Are Your Salary Expectations?

Final Thoughts

Working out your annual salary on $33 an hour couldn’t be easier. It’s just a question of finding out how many hours you work in a year. Once you have those two figures, simply multiply them to work out your yearly salary, so if you’re on $33 an hour, that’s $66,000 per year if you work 50 weeks a year.

It’s a great rate for some but not for others. It’s all a matter of perspective. So, take everything into account that we’ve talked about here, and you’ll easily decide if you want to take that $33-an-hour job or not.

Happy earnings!

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