Wondering $50000 a year is how much an hour? Or how many hours do you need to work to make $50,000 yearly?
On average you are supposed to work 40 hours a week.
So, if you work for 40 hours a week and make $50,000 in a year it means that you are making roughly $24.04 per hour holding every factor constant – ignoring taxes and other deductibles.
However, if you are a freelancer you might find yourself working for more than 40 hours or less.
That said if you can work for fewer hours and make more money the better your lifestyle will be.
But to hit this 5-figure salary you need to be smart and efficient. This can be achieved by gaining on-the-job experience, outsourcing tasks, and taking up a side hustle.
In addition, you can also opt to invest in assets that generate quick income and get your 50000 dollars deposited directly into your account.
Before we look at jobs that pay $50k or more, let’s break down the calculations.
Will start with answering the question, “if you make $50,000 a year how much is that an hour?”
In This Article
- $50,000 a Year Is How Much an Hour?
- How Much Is $50,000 a Year After Taxes?
- What Jobs Pay $50,000 a Year?
- 50k a Year Jobs Without a Degree
- How To Find Jobs Paying $50,000 a Year Without A Degree?
- Is $50,000 A Year Good?
- What is the hourly rate for 50000 a year?
$50,000 a Year Is How Much an Hour?
Let’s assume that your annual base salary is $50,000 and you are working 40 hours a week. This means, in one year you will be working for 52 weeks.
So, we multiply 52 weeks by 40 hours to get the total number of hours you will have worked to meet the target of $50,000 which is 2080 hours.
So, if you work without taking any holidays you will be making $24.04 per hour. Which you get from dividing $50,000 by 2080 hours.
How Much Is $50,000 a Year Biweekly?
To calculate how much you earn biweekly, you simply calculate how much you would earn every 2 weeks.
Assuming that you are working on a full-time basis without working overtime you will take $50,000 and divide by 26 (total 2-week periods in a year).
This gives you $1924 as your biweekly pay.
However, in our calculation, we have held some factors constant. For instance;
- Health insurance premiums
- All taxes (state and federal)
- Social Security and Medicare
Any other deduction made to your paystub for example pre-tax deductions for retirement.
$50,000 a Year is How Much a Week?
To know how much you will get in a week divide your monthly payment by 4 (the number of weeks in a month). With a $50k paycheck, the weekly pay is approximately $1,042.
$4,167/4 = $1,042 every week.
If you get paid every 2 weeks, your paycheck will read $2,084; that is ($1,042 x 2).
How Much is $50,000 a Month?
In order to calculate your daily wages, you’ll have to multiply the number of work hours by your hourly wages.
$24.04 per hour x 8 hour per day = $192.32 per day.
How Much is $50,000 a Year Per Day?
With a net pay of 50,000 per year, your monthly income is around $4,167.
That is, $50,000/12 = $4,167 every month.
How Much Is $50,000 a Year After Taxes?
Depending on which state or country you reside in, the taxation levels differ.
In the US taxes are calculated depending on the tier your salary falls in. For example, a $40,000 a year salary falls under the 12% tax bracket.
A $50k per year salary is covered in the third income tier ($40,125 – $85,525) that comes with a 22% federal tax obligation.
To calculate how much goes to the federal government, you add the different taxable amounts of your income that fall under the first, second, and third tiers.
Without going deep into the calculations, a single filer in Ohio earning $50k yearly pays around $5,800 in federal taxes alone. Add this to other taxes like State Tax and Social Security, and your total taxes can add up to around $12,500.
What this means is that your $50k salary reduces to a net of around $38,000. As such to take home 50,000 you need to earn over $60,000 per year.
What Jobs Pay $50,000 a Year?
Are you looking for jobs that pay $50k a year? Interested in finding out what jobs pay $50,000 a year? Let me help you out with the best job opportunities for 2021.
1. Gas Plant Operators
A gas plant operator supervises and controls the storage and distribution of natural gas to ensure the safety of the users. A high school diploma is required and experience on how to use the safety protocols. Mechanical skills are of importance too.
Typical duties include observing properties such as temperature, pressure, level, and flow within the pipelines. You’ll also be tasked with cleaning, repairing, and replacing equipment around the plant.
A gas plant operator makes approximately $64,144 in a year which is roughly $31 per hour.
2. Construction And Building Inspectors
As a construction and building inspector, your main role is to inspect buildings, water systems, sewers, highways, bridges, and other structures. It’s your work to ensure that the structures comply with the building regulations and meet all the standards.
Additionally, your inspector duties also cover heating, refrigeration, air-conditioning, and plumbing systems. You need a high school diploma and a certificate in architecture or engineering. This will give you skills in craftsmanship and mechanical knowledge.
On average, construction and building inspectors earn $55,454 a year. Approximately $26.66 per hour.
3. Flight Attendants
Flight attendants are responsible for serving airline passengers with drinks, checking tickets, and also ensuring that everyone on board feels comfortable. You need to have good communication and customer service skills. Also, flight attendants are required to be attentive all the time and have the ability to make decisions fast.
Depending on the airline, the job qualifications are very specific. For example, the minimum height is usually 5.4 ft for ladies with the gentlemen expected to be 5.6 ft or taller. Also, you need a minimum of a high school diploma. Generally, the minimum age is 21 years.
Note that some employers require attendants to keep tattoos and other body modifications covered.
Flight attendants earn around $59,987 a year and the hourly wage estimate is around $29.
4. Sales Representatives
Sales representatives connect a customer to a business. They have to make sure that customers get the goods and products they deserve. It’s also their duty to get new customers and represent new branding and market identities.
As a sales representative, you need to have negotiation skills and communication skills. On the education front, a degree in either marketing or economics is sufficient.
The average salary for sales representatives in the United States is $64,882 a year plus a cash bonus of around $12,000 per year. Isn’t that a good deal? However, you should know that sales reps work long hours including the weekend to hit targets.
5. Plumbers, Pipefitters, And Steamfitters
Plumbers, pipefitters, and steamfitters are responsible for installing and maintaining pipes that usually carry water, gas, acids, and industrial chemicals. These types of pipes are located mostly in manufacturing industries. The job requires a few months of training but it’s an energy-intensive gig.
Such craftsmen make around $51,320 on average per year – approximately $25 per hour. A high school diploma will come in handy when looking for a fitter job. That said, vocational training in any of the different fields is also enough to get you employed.
6. Claims Adjuster
A claim adjuster goes through the insurance claims from the claimant, witnesses, and police, property damage so that they can estimate the company’s liability in regards to the insurance company. This type of job is satisfying.
A higher school diploma is a basic requirement plus a certificate in insurance licensing.
The national average salary of a claims adjuster is $50,091 a year which is equivalent to a $24.08 hourly wage.
7. X-Ray Technician
An X-Ray technician specializes in taking the x-rays and processing them. They also ensure that the X-Ray machines are in good condition and the rooms are sparkling clean. Other duties include explaining the procedure to the patients.
A degree in radiology is a must with a master’s in the same field putting you ahead of the pack. An X-Ray technician gets around $56,562 per year which is around $24.72 per hour.
50k a Year Jobs Without a Degree
Are you wondering if it is possible to get a job paying 50k a year without a degree? Yes, it is possible. Try the following jobs:
8. Web Developer
A web developer is entirely focused on creating and designing websites. Surprisingly, you can become a web developer without a degree; all it takes is dedication and learning from free online courses.
You can also go to a community college and learn more about computer coding and web design or graphic design. You work in the publishing, advertising, and consulting service industries.
Web developers earn around $60,202 which is roughly $28.94 per hour which is approximately $1,158 per week and $5,017 per month. And depending on your expertise, some companies pay over $70k manually for the service.
9. Fitness Manager
This is one of the most interesting jobs to make you 50000 a year. You will be responsible for managing the gym and providing workout plans for clients who are willing to lose weight or keep fit.
The best part is that, to become a fitness manager, you don’t need any degree. All you need is to show passion in what you do as an associate in a fitness center.
Once you gain experience and show leadership traits, then you can be promoted to a fitness manager.
The average salary for a fitness/ gym manager is approximately $50,440 which is equivalent to $24.25 per hour.
10. Retail Store Manager
A retail store manager ensures that the operation of a retail store runs smoothly. You should motivate the workers for the company’s goals and objectives to be fully accomplished.
To become a retail store manager, you have to first start from the entry-level to gain in-training professional experience in this service industry. Note that retail store managers get bonuses and commissions that can run into millions of dollars depending on the yearly profits.
The average salary for a retail store manager is $50,397; thus making $24 per hour.
A firefighter is accountable for emergency incidents involving fire scenes and other disasters. They are responsible for protecting life as well as property.
Typically, people in this noble profession provide first aid and stabilize victims before paramedics arrive at the scene.
Other duties include preventing, controlling, and extinguishing fires. To become one, you need to have a certificate as an emergency medical technician. The good thing is most of the stations around the country offer training.
In the United States, the average salary of a firefighter EMT is approximately $52,500 per year. Per hour you’ll be making $25 or $1,009 per week and $4,375 per month.
12. Train Conductor
A train conductor has several duties such as checking the passengers’ tickets, ensuring the safety and comfortability of the passengers, taking payments from passengers paying cash, and alerting passengers on all stopovers. Last but not least, the conductor also helps to ensure the train is in good condition.
The average annual salary of a train conductor in the United States is $64,210 which is around $31 per hour.
Other $50k jobs in the industry include Locomotive Switch Engineers ($57,870) and Dinkey Operators (51,720).
This is one of the well-paying jobs that might interest you. A realtor associate is a licensed real estate broker who works independently. You need skills in sales and problem saving too.
A high school diploma is the least qualification required in this field. Your duties are appraising properties and checking the properties listed for sale and finally marketing them to potential buyers.
As of today, a real estate broker in the United States makes around $51,220 per year, in an hour you will be making $25.
14. Federal Law Enforcement Officer
The minimum qualification for becoming a federal law enforcement officer is a high school diploma. Also, you need to be a US citizen, have a driver’s valid license, and be aged at least 18 years.
You will be responsible for protecting lives and properties; all other tasks revolve around this.
The average annual pay for a federal law enforcement officer is $53,568 which is equivalent to $25.75 per hour and $4,464 per month.
15. Commercial Truck Driver
The least requirements needed for a commercial truck driver are a high school diploma, a driver’s license, and a background check before getting behind the wheel. You will be transporting goods across states no matter the climatic condition. For instance, you could be transporting a heavy load when the road is icy.
On average a commercial truck driver earns $48,280 per year, but according to USBLS estimates, with experience, a heavy commercial driver can make over $69,000 annually. The pay is usually calculated per the miles covered, vehicle type, and load.
To hit the big bucks, expect to work 8-day shifts for a total of 80 hours- the maximum regulation hours.
16. Insurance Specialist
An insurance specialist explains insurance policies to individuals who are interested in buying the cover. You can either work in the government sector, health care, or private sector. You need to have a GED certificate, insurance experience, computer proficiency, and an insurance operator license.
The average salary of an insurance specialist is $52,180 per year.
How To Find Jobs Paying $50,000 a Year Without A Degree?
Here are a few tips on how to get a job paying $50,000 a year without a degree. Whichever works out for you, just go for it and aim to excel as a means of rising through the ranks.
Seek Promotion Opportunities
Utilize every promotion opportunity. If you already have a job that pays $50,000 a year you don’t have to keep changing industries to get yourself a promotion.
Since you have professional experience, you can just talk to your manager and solicit for a promotion. And in case you don’t get a promotion, being bold can earn you a pay rise.
Ensure You Are Precise On Your Resume
Ensure that your resume is precise on the position you are looking for. Also, ensure that your skills match the job requirements. This makes it easy to secure the job fast.
Learn A Trade
This is more of having technical skills, whether or not you have a degree. You can join a trade school to gain knowledge on plumbing, welding, and electrical just to mention a few. Also, consider trades such as flea market flipping that can see you make $100k in a year.
- Obtain Certification
Having a professional certificate will help you decorate your resume. This will make it easier for you to land a job paying $50,000 a year without a degree because it shows your skills are acceptable by the government and other regulatory bodies.
Is $50,000 A Year Good?
First of all, this is a tricky question to answer.
Frankly speaking, with a salary of $50,000 annually, you are doing better than many Americans. If you are offered $50,000 on your first job, my advice is that you should accept it fast.
Also, depending on which state you reside in, this kind of money is more than enough for a comfortable living, particularly if you are single.
On the other hand, if you are the sole breadwinner in a family of say 4 people, you have to work harder and cut down on your expenses. Getting started on a side hustle will also not hurt.
What is the hourly rate for 50000 a year?
If you work for 40 hours a week, it means that you are making roughly $24.04 per hour – ignoring taxes and other deductibles.
Lastly, according to the US Bureau of Labor Statistics, released on July 2021, the median weekly earnings is $990.
With a $50K take home, you will be making $50 more per week than the average pay across the US. So, make every dollar count by living frugally and growing your savings with every paycheck.
And now that you already know some jobs pay 50000, even without a degree, get on job boards and start sending out applications.
Try the jobs discussed above and start making as much as $50,000. And don’t forget to leave a comment with other ideas on how to make $50k a year fast.
Related Read: How to Make $50k Annually At Home
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I’m Swati. I’m a mom, side hustler, full-time blogger and a millennial work-at-home expert featured on Forbes, CEO Blog Nation, Referral Rock, Vital Dollar, and Databox blog. I embarked on this impeccable journey to expose my online monetary experiences and help you all earn money from home. Come join my make money revolution and attain financial freedom – it’s not as hard as you think!