Asked By: Eric Ward Date: created: Nov 02 2022

Is $40 an hour good

Answered By: Raymond Reed Date: created: Nov 02 2022

$40 is about 1/3 better off than the minimum wage.

Based on the 50 hours, you will be comfortable and can easily meet your bills, living expenses, rent on a modest accommodations and perhaps a vehicle loan and upkeep on a car..

Asked By: Miles Peterson Date: created: Aug 29 2021

What is 40000 a year hourly

Answered By: Lucas Diaz Date: created: Aug 31 2021

$40,000 a year is $19.23 an hour. This is based on working 40 hours every single week for the 52 weeks in a year (2080 hours).

Asked By: Eric Martin Date: created: May 25 2022

What is salary for 20 an hour

Answered By: Aaron Miller Date: created: May 28 2022

$41,600 per yearIf 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. $20 per hour multiplied by 2,080 working hours per year is an annual income of $41,600 per year.

Asked By: Logan Cox Date: created: Feb 04 2022

What can you afford with a 40k salary

Answered By: Connor Jenkins Date: created: Feb 07 2022

The first is that your gross monthly income should be greater than or equal to three times the cost of rent. So, if you make $40,000 per year, you would be able to afford rent up to $1,111.11.

Asked By: Raymond Baker Date: created: Aug 22 2022

How much do you have to make a year to afford a $600000 house

Answered By: Miguel Hernandez Date: created: Aug 25 2022

How much do you need to make to be able to afford a house that costs $600,000? To afford a house that costs $600,000 with a down payment of $120,000, you’d need to earn $89,528 per year before tax. The monthly mortgage payment would be $2,089.

Asked By: Austin Scott Date: created: Oct 14 2022

Is $20 hr a lot

Answered By: Ian Collins Date: created: Oct 14 2022

At $20 an hour, full time and provided you have benefits like sick leave and vacation you would earn ~$41,600. … In those places a $20 an hour job would allow you to live pretty comfortably.

Asked By: Carter Sanchez Date: created: Jul 31 2021

Can I buy a house making 20 an hour

Answered By: Keith Bennett Date: created: Aug 01 2021

Can I buy a house making $20 an hour? Sure! Assuming you work 40 hours a week, your gross monthly income is $3,500. That’s the figure lenders will use to decide how much loan you can qualify for.

Asked By: Jacob Gray Date: created: Mar 04 2022

Why does it take 30 years to pay off $150 000 loan

Answered By: Luke Miller Date: created: Mar 05 2022

Why does it take 30 years to pay off $150,000 loan, even though you pay $1000 a month? … Even though the principal would be paid off in just over 10 years, it costs the bank a lot of money fund the loan. The rest of the loan is paid out in interest.

Asked By: Oswald Thompson Date: created: Oct 03 2021

How much do I need to make to buy a 400k house

Answered By: Howard Cox Date: created: Oct 05 2021

To afford a $400,000 house, for example, you need about $55,600 in cash if you put 10% down. With a 4.25% 30-year mortgage, your monthly income should be at least $8178 and (if your income is $8178) your monthly payments on existing debt should not exceed $981.

Asked By: Adrian Jenkins Date: created: May 13 2022

Can you buy a house making 18 an hour

Answered By: Gregory Coleman Date: created: May 13 2022

Yes. The lender will approve your loan based on your debt to income ratio (DTI), which is the total house payment, including taxes, insurance and mortgage insurance (if any) plus other monthly debt payments, all divided by your gross monthly income. If you work 40 hours per week, your gross monthly income is $2,250.

Asked By: Jesus Morris Date: created: Jun 13 2022

Can you live off of $20 an hour

Answered By: Richard Anderson Date: created: Jun 14 2022

Is $20 an hour a living wage in California? You can probably survive in the rural areas on $20 per hour, but not in or around the major cities like SF. Of course, if you want to sleep in your car, on a friends couch, or share a house with 8 other strangers, then those are all options.

Asked By: Louis Robinson Date: created: Nov 23 2021

What is the 28 36 rule

Answered By: Logan Miller Date: created: Nov 25 2021

The 28/36 rule refers how much debt you can have and still be approved for a conforming mortgage. Lenders prefer you spend 28% or less of your gross monthly income on housing expenses. Ideally, you’d spend 36% or less of your gross monthly income on all debts, but there are exceptions.

Asked By: Hunter Long Date: created: Sep 15 2022

What house can I afford on 40k a year

Answered By: Cameron Brown Date: created: Sep 15 2022

3. The 36% RuleGross Income28% of Monthly Gross Income36% of Monthly Gross Income$40,000$933$1,200$50,000$1,167$1,500$60,000$1,400$1,800$80,000$1,867$2,4004 more rows•Apr 22, 2021

Asked By: Roger Scott Date: created: Sep 05 2021

Can you live off 19 dollars an hour

Answered By: Morgan Stewart Date: created: Sep 08 2021

In most of the world, $19/hour is a phenomenal salary that will see you living a good quality life and being able to put away a lot of money for a rainy day.

Asked By: Colin Cooper Date: created: Oct 07 2022

Can I buy a house making 40k a year

Answered By: Jesus Adams Date: created: Oct 10 2022

Take a homebuyer who makes $40,000 a year. The maximum amount for monthly mortgage-related payments at 28% of gross income is $933. … Furthermore, the lender says the total debt payments each month should not exceed 36%, which comes to $1,200.

Asked By: Graham Hayes Date: created: Mar 16 2022

What is salary for 17 an hour

Answered By: Oscar Johnson Date: created: Mar 18 2022

Converting $17 an hour in another time unitConversionUnitYearly salary$17 an hour is $33,150 per yearMonthly salary$17 an hour is $2,763 per monthBiweekly salary$17 an hour is $1,275 per 2 weeksWeekly salary$17 an hour is $638 per week1 more row

Asked By: Leonars Hernandez Date: created: Mar 12 2022

Is 100 dollars an hour good

Answered By: Cole Gonzales Date: created: Mar 15 2022

“Being able to get $100 an hour is rare,” said Al Lee, the director of quantitative analysis at PayScale.com. The median hourly wage in the U.S. is $16 an hour, he points out, so earning $100 an hour would be more than six times what the average worker makes.

Asked By: Evan Reed Date: created: Oct 15 2022

Is $15 an hour a livable wage

Answered By: Leonars Jones Date: created: Oct 18 2022

A $15 hourly pay scale would more than double the current $7.25 federal minimum wage. It still wouldn’t offer a living wage to low-paid single adults and families in many areas, according to a CNBC analysis of state cost-of-living data.

Asked By: William Thompson Date: created: Apr 12 2022

What is a good wage in Texas

Answered By: Horace Cook Date: created: Apr 12 2022

In Texas, a worker needs to make $16.77 an hour to afford a two-bedroom apartment – or an annual salary of nearly $35,000. In North Texas, you need to earn a bit more. In Dallas, you need to earn $17.56 an hour. In Fort Worth-Arlington, you need to make $18.04.

Asked By: Jeremiah Hall Date: created: Aug 07 2021

How much do you have to make a year to afford a $500000 house

Answered By: Edward Long Date: created: Aug 08 2021

How much do you need to make to be able to afford a house that costs $500,000? To afford a house that costs $500,000 with a down payment of $100,000, you’d need to earn $74,607 per year before tax. The monthly mortgage payment would be $1,741. Salary needed for 500,000 dollar mortgage.

Asked By: Antonio Scott Date: created: Feb 28 2022

How much is $18 an hour

Answered By: Nathan Reed Date: created: Feb 28 2022

Converting $18 an hour in another time unitConversionUnitYearly salary$18 an hour is $35,100 per yearMonthly salary$18 an hour is $2,925 per monthBiweekly salary$18 an hour is $1,350 per 2 weeksWeekly salary$18 an hour is $675 per week1 more row

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