If someone earns $23 an hour, they would make $46,240 annually assuming they work 40 hours a week for 52 weeks. This does not take into account any potential overtime pay, bonuses, or benefits the individual may receive.
Earning $23 an hour can put someone above the average annual salary for many common occupations in the United States. The median household income in the US was around $68,700 in 2019, so someone earning $23 an hour may be earning around the middle-income range.
However, the cost of living varies greatly depending on location, so $23 an hour may be considered a comfortable wage in some areas while barely covering basic living expenses in others. It is always important to consider the local cost of living and other expenses when evaluating the financial impact of a certain hourly wage.
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