Earn MORE INTEREST on your savings with a CIT Money Market Account. Offering industry-leading interest rates!

## How Much Is 27 Dollars An Hour Per Year?

To calculate how much you will get paid per year, let’s assume you work 52 weeks of the year (with 2 weeks paid time off). If you are working a full-time job, you will be working 40 hours per week on average.

40 hours multiplied by 52 weeks is 2,080 working hours in a year.

You are watching: 27.00 an hour is how much a year

\$27 per hour multiplied by 2,080 working hours per year is an annual income of \$56,160 per year.

## What If You Don’t Get Paid Time Off?

If you don’t get paid vacation, let’s assuming you are working 50 weeks of the year (with 2 weeks unpaid time off). And we’ll assume you work an average of 40 hours per week.

40 hours multiplied by 50 weeks is 2,000 working hours in a year.

Now simply multiply your hourly rate by the number of working hours in the year.

\$27 per hour multiplied by 2,000 working hours per year is an annual income of \$54,000 per year.

## How Many Working Days Are In A Year (2020)?

For a more accurate calculation, you can calculate EXACTLY how many working days are in the year.

For the year 2020, it’s a leap year, so there are 366 days in the year. Here’s how the days break down:

262 Weekdays104 Weekend Days (woohoo!)

Assuming your are working each weekday, 8 hours per day, here is how many hours you will work:

262 work days multiplied by 8 hours per day is 2,096 working hours in 2020

\$27 an hour multiplied by 2,096 working hours is \$56,592 income per year

*This does not include any overtime hours worked

## How Much Is \$27 An Hour Per Month?

If you want to see how much \$27 an hour is a month, we need to know how many working hours there are in a month.

If we divide the total working hours in a year by 12 (months), we can see how many working hours are in a month.

2,096 hours a year divided by 12 is about 175 working hours per month on average.

So to calculate your monthly income, see below:

\$27 an hour multiplied by 175 hours per month is \$4,725 per month income on average.

## How Much Is \$27 An Hour Per Week?

If you want to break it out by week, let’s assume your working a normal 40-hour week.

So to calculate your weekly income, see below:

\$27 an hour multiplied by 40 hours per week is \$1,080 per week income.

## How Much Is \$27 An Hour Per Day?

Let’s see how much you can make per day on \$27 an hour. Assuming you are working a typical 8-hour workday, here’s the answer:

\$27 an hour multiplied by 8 hours per day is \$216 per day income.

## Comparison Table Of \$27 An Hour

\$27 An HourTotal Income
Yearly (52 weeks)\$56,160
Yearly (50 weeks)\$54,000
Yearly (262 Work Days)\$56,592
Monthly (175 Hours)\$4,725
Weekly (40 Hours)\$1,080
Daily (8 Hours)\$216
Monthly Take Home (175 Hours)\$3,688

## Example Budget For \$27 Per Hour

Now that you know how much you can make per year, per month and weekly, let’s see how a typical budget can look making \$27 per hour.

Remember, for your budget, you need to calculate the estimated take-home pay.

Taking the \$27 an hour monthly income of \$4,725, minus taxes, the estimated take home pay is \$3,688 (varies by state and paycheck deductions)

Sample Monthly Budget For \$27 An Hour:

Category Budget Percentage
Income\$3,688
Giving\$36910%
Saving\$36910%
Food\$36910%
Utilities\$36910%
Housing Costs\$92225%
Transportation\$36910%
Health\$1845%
Insurance\$36910%
Recreation\$1845%
Personal Spending\$1845%
Total Expenses\$3,688

As you can see, this budget allows for saving a decent amount (almost \$400 per month), and would be great for a young couple, possibly renting an apartment. Finding housing for less than \$1,000/mo is tough, but there are many part of the country this is doable.

I would not suggest buying a house on \$27 an hour (unless you can put 20% down and keep monthly housing costs below \$1,000), but you can still save a few hundred per month. I recommend that money go to your 401k, investing toward retirement with your company match.

See more: How To Find The Inverse Of A Log Function, Writing The Inverse Of Logarithmic Functions

Don’t like the budget? Grab your own budget template below and plug in your numbers for your \$27 an hour budget.