$30 an Hour

How much is $30/hour as an annual salary?

$30 per hour at 40 hours/week equals $62,400 annually, or $5,200/month gross. Take-home pay is roughly $4,200-4,700/month. This puts you above the median individual income and into a comfortable middle-class range in most US cities. You can afford rent of $1,560/month, save 20% ($1,040/month), and still have plenty for daily expenses. At this income, maxing out a Roth IRA ($7,000/year) is achievable.