$15/Hour Full-Time Equivalent ($31,200/yr) • 2026 Tax & Underwriting Model
$15 an Hour Is How Much a Year, Month & After Taxes? ($31,200 Gross + Max Mortgage)
Interactive paycheck and housing qualification breakdown for $15/hour ($31,200/year full-time).
Estimated Net Take-Home Pay (Annual & Monthly)
$26,738/yr • $2,228/mo
Bi-Weekly & Hourly Equivalent
$1,028 bi-weekly • $15.00/hr
Max 28% Mortgage Payment & Home Price
$728/mo • ~$110,656 Home
Run full amortization schedules on the Mortgage Payment Calculator →
Paycheck & Housing Qualification Schedule — $31,200 Gross Income
| Pay Period | Gross Income | Estimated Taxes (14.3%) | Net Take-Home Pay |
|---|---|---|---|
| Annual (12 Months) | $31,200 | $4,462 | $26,738 |
| Monthly (÷ 12) | $2,600 | $372 | $2,228 |
| Bi-Weekly (26 Paychecks) | $1,200 | $172 | $1,028 |
| Weekly (52 Weeks) | $600 | $86 | $514 |
| Hourly (2,080 Hrs/Yr) | $15.00/hr | $2.15/hr | $12.85/hr |
Frequently Asked Questions — $31,200 Salary
How much is $15 an hour per year, month, and bi-weekly after taxes in 2026?
Working full-time (40 hours/week for 52 weeks = 2,080 hours/year), $15 an hour equals $31,200 per year before taxes. After an estimated 14.3% blended federal, FICA, and state tax rate, net take-home pay is $26,738/year ($2,228/month or $1,028 bi-weekly).
How much house or rent can I afford making $15 an hour ($31,200/year)?
Under the institutional 28/36 Debt-to-Income (DTI) underwriting standard, your maximum gross monthly housing payment (principal, interest, property tax, and insurance) should not exceed 28% of gross monthly income ($728/month), supporting an estimated home purchase price of ~$110,656 with 20% down.