What Salary Equals $20.50/Hour?
If you make $20.50 an hour, how much do you make per year?
If you work 40 hours a week, 50 weeks a year:
$20.50 per hour =
$41,000 per year
($820 per week)
Click here for the opposite calculation
20.50 dollars an hour is what per year?
It depends on how many hours you work, but assuming a 40 hour work week, and working 50 weeks a year, then a $20.50 hourly wage is about $41,000 per year, or $3,417 a month.
Is $20.50 an hour good pay?
It's a little below average. We estimate that only 44% of workers in the United States earn less than $20.50/hour.
Median Hourly Wage by Profession - United States
Profession |
Wage |
Doctors (General Practice) |
$103.11 |
Dentists |
$76.70 |
Lawyers |
$65.26 |
Pharmacists |
$63.82 |
Air Traffic Controllers |
$63.58 |
Physician Assistants |
$60.58 |
Software Developers |
$54.90 |
Actuaries |
$54.80 |
Mathematicians |
$53.90 |
Veterinarians |
$49.64 |
Civil Engineers |
$43.24 |
Psychologists |
$41.02 |
Registered Nurses |
$39.05 |
Accountants |
$37.50 |
Police Officers |
$31.64 |
Flight Attendants |
$30.65 |
High School Teachers |
$29.98 |
Electricians |
$28.96 |
Plumbers |
$28.89 |
Insurance Agents |
$27.82 |
Head Chefs |
$27.17 |
Clergy |
$26.71 |
Mail Carriers |
$26.08 |
Profession |
Wage |
Real Estate Agents |
$25.01 |
Firefighters |
$24.85 |
Undertakers |
$24.79 |
Carpenters |
$24.71 |
Librarians |
$24.63 |
Bus Drivers |
$24.47 |
Prison Guards |
$23.85 |
Machinists |
$23.32 |
All Occupations |
$22.26 |
Secretaries |
$21.19 |
Models |
$20.74 |
Construction Laborers |
$19.59 |
Photographers |
$19.31 |
Preschool Teachers |
$17.79 |
Bank Tellers |
$17.49 |
Butchers |
$17.25 |
Security Guards |
$16.71 |
Barbers and Hairdressers |
$16.06 |
Cooks |
$14.86 |
Taxi Drivers |
$14.75 |
Nannies |
$13.71 |
Cashiers |
$13.58 |
Fast Food Workers |
$13.43 |
Median Hourly Wage by U.S. State
State |
Rank |
Wage |
Alabama |
47 |
$18.50 |
Alaska |
4 |
$25.00 |
Arizona |
25 |
$21.77 |
Arkansas |
49 |
$17.92 |
California |
9 |
$23.91 |
Colorado |
8 |
$24.16 |
Connecticut |
5 |
$24.90 |
Delaware |
19 |
$22.67 |
Florida |
37 |
$19.62 |
Georgia |
31 |
$20.62 |
Hawaii |
12 |
$23.35 |
Idaho |
40 |
$19.26 |
Illinois |
16 |
$22.83 |
Indiana |
34 |
$20.24 |
Iowa |
28 |
$21.32 |
Kansas |
35 |
$20.13 |
Kentucky |
39 |
$19.32 |
Louisiana |
45 |
$18.74 |
Maine |
24 |
$21.84 |
Maryland |
6 |
$24.72 |
Massachusetts |
1 |
$28.10 |
Michigan |
22 |
$21.88 |
Minnesota |
11 |
$23.44 |
Mississippi |
50 |
$17.36 |
Missouri |
32 |
$20.34 |
State |
Rank |
Wage |
Montana |
33 |
$20.29 |
Nebraska |
29 |
$21.20 |
Nevada |
38 |
$19.62 |
New Hampshire |
14 |
$23.04 |
New Jersey |
7 |
$24.56 |
New Mexico |
42 |
$19.19 |
New York |
3 |
$25.23 |
North Carolina |
36 |
$20.10 |
North Dakota |
17 |
$22.79 |
Ohio |
26 |
$21.52 |
Oklahoma |
44 |
$18.80 |
Oregon |
15 |
$22.97 |
Pennsylvania |
20 |
$22.02 |
Rhode Island |
10 |
$23.73 |
South Carolina |
46 |
$18.69 |
South Dakota |
43 |
$19.17 |
Tennessee |
41 |
$19.20 |
Texas |
30 |
$20.90 |
Utah |
27 |
$21.38 |
Vermont |
18 |
$22.75 |
Virginia |
13 |
$23.22 |
Washington |
2 |
$27.08 |
West Virginia |
48 |
$18.16 |
Wisconsin |
21 |
$21.95 |
Wyoming |
23 |
$21.85 |
$20.50 / hr - Inflation Adjusted
Year |
Wage |
2022 |
$19.26 |
2021 |
$17.99 |
2020 |
$17.75 |
2019 |
$17.35 |
2018 |
$17.03 |
2017 |
$16.68 |
2016 |
$16.34 |
2015 |
$16.22 |
2014 |
$16.10 |
2013 |
$15.86 |
2012 |
$15.59 |
2011 |
$15.14 |
2010 |
$14.92 |
2009 |
$14.52 |
2008 |
$14.51 |
2007 |
$13.94 |
2006 |
$13.59 |
2005 |
$13.14 |
2004 |
$12.73 |
2003 |
$12.49 |
2002 |
$12.20 |
2001 |
$12.02 |
2000 |
$11.62 |
1999 |
$11.32 |
1998 |
$11.14 |
1997 |
$10.95 |
1996 |
$10.60 |
1995 |
$10.34 |
1994 |
$10.07 |
1993 |
$9.80 |
1992 |
$9.52 |
1991 |
$9.24 |
1990 |
$8.71 |
1989 |
$8.32 |
1988 |
$7.97 |
1987 |
$7.63 |
1986 |
$7.55 |
Year |
Wage |
1985 |
$7.27 |
1984 |
$7.00 |
1983 |
$6.74 |
1982 |
$6.49 |
1981 |
$5.96 |
1980 |
$5.30 |
1979 |
$4.68 |
1978 |
$4.29 |
1977 |
$4.02 |
1976 |
$3.83 |
1975 |
$3.58 |
1974 |
$3.19 |
1973 |
$2.94 |
1972 |
$2.84 |
1971 |
$2.75 |
1970 |
$2.60 |
1969 |
$2.45 |
1968 |
$2.34 |
1967 |
$2.27 |
1966 |
$2.20 |
1965 |
$2.16 |
1964 |
$2.13 |
1963 |
$2.10 |
1962 |
$2.07 |
1961 |
$2.06 |
1960 |
$2.03 |
1959 |
$2.00 |
1958 |
$1.96 |
1957 |
$1.91 |
1956 |
$1.85 |
1955 |
$1.84 |
1954 |
$1.86 |
1953 |
$1.84 |
1952 |
$1.83 |
1951 |
$1.73 |
1950 |
$1.63 |
1949 |
$1.66 |
Year |
Wage |
1948 |
$1.62 |
1947 |
$1.49 |
1946 |
$1.26 |
1945 |
$1.23 |
1944 |
$1.20 |
1943 |
$1.17 |
1942 |
$1.07 |
1941 |
$0.97 |
1940 |
$0.97 |
1939 |
$0.97 |
1938 |
$0.99 |
1937 |
$0.97 |
1936 |
$0.95 |
1935 |
$0.93 |
1934 |
$0.91 |
1933 |
$0.90 |
1932 |
$1.01 |
1931 |
$1.11 |
1930 |
$1.19 |
1929 |
$1.18 |
1928 |
$1.19 |
1927 |
$1.22 |
1926 |
$1.24 |
1925 |
$1.19 |
1924 |
$1.19 |
1923 |
$1.17 |
1922 |
$1.19 |
1921 |
$1.34 |
1920 |
$1.31 |
1919 |
$1.14 |
1918 |
$0.95 |
1917 |
$0.80 |
1916 |
$0.71 |
1915 |
$0.70 |
1914 |
$0.69 |