In an economy with rapidly rising prices, an hourly wage of $70 per hour may seem generous or barely getting by depending on your situation. This article will break down the key numbers to show exactly how much annual and monthly income you can expect at $70 an hour, before and after taxes. We’ll calculate the yearly salary for both fulltime and parttime work at this hourly rate, factoring in how unpaid time off impacts actual takehome pay. Converting an hourly wage to a yearly salary can be confusing, but we’ll outline the formulas clearly. We’ll also evaluate if $70 per hour is considered a good salary now and what standard of living it provides. Whether you’re weighing a job offer at $70 an hour or want to better understand how an hourly wage translates to yearly or monthly earnings, this article will provide the crucial math. We’ll look at typical professions that pay $70 per hour, whether that income allows you to afford major purchases like a home or car, tips to increase your earnings, and more. With inflation rising rapidly, it’s essential to assess hourly wages in terms of real annual buying power.
Table of Contents
Convert $70 Per Hour to Weekly, Monthly, and Yearly Salary
Input your wage and hours per week to see how much you’ll make monthly, yearly and more.
$70 an Hour is How Much a Year?
If you make $70 an hour, your yearly salary would be $145,600. We calculate your annual income based on 8 hours per day, 5 days per week and 52 weeks in the year.
Hours worked per week (40) x Hourly wage($70) x Weeks worked per year(52) = $145,600
$70 an Hour is How Much a Month?
If you make $70 an hour, your monthly salary would be $12,133.33. We calculated this number by dividing your annual income by 12 months.
Hours worked per week (40) x Hourly wage($70) x Weeks worked per year(52) / Months per Year(12) = $12,133.33
$70 an Hour is How Much a Biweekly?
If you make $70 an hour, your biweekly salary would be $5,600.
Hours worked per week (40) x Hourly wage($70) x 2 = $5,600
$70 an Hour is How Much a Week?
If you make $70 an hour, your weekly salary would be $2,800. Calculating based on 5 days per week and 8 hours each day.
Hours worked per week (40) x Hourly wage($70) = $2,800
$70 an Hour is How Much a Day?
If you make $70 an hour, your daily salary would be $560. We calculated your daily income based on 8 hours per day.
Hours worked per day (8) x Hourly wage($70) = $560
$70 an Hour is How Much a Year?
The basic formula to calculate your annual salary from an hourly wage is:
Hourly Rate x Hours Worked per Week x Number of Weeks Worked per Year = Annual Salary
So for a $20 per hour job:
$70 per hour x 40 hours per week x 52 weeks per year = $145,600
However, this simple calculation makes some assumptions:
 You will work 40 hours every week of the year
 You will not get any paid time off
Therefore, it represents your earnings if you worked every week of the year, without any vacation, holidays, or sick days.
Accounting for Paid Time Off
The $145,600 base salary does not yet factor in paid time off (PTO). Let’s assume the job provides:
 2 weeks (10 days) paid vacation
 6 paid holidays
 3 paid sick days
This totals 19 paid days off, or nearly 4 weeks of PTO.
Importantly, this paid time off should not be deducted from the annual salary, since you still get paid for those days.
So with 4 weeks PTO, the annual salary would remain $145,600 .
Part time $70 an hour is How Much a Year?
Your annual income changes significantly if you work parttime and not fulltime.
For example, let’s say you work 35 hours per week instead of 40. Here’s how you calculate your new yearly total:
$70 per hour x 35 hours per week x 52 weeks per year = $127,400
By working 5 fewer hours per week (35 instead of 40), your annual earnings at $70 an hour drop from $145,600 to $127,400.
That’s a $18,200 per year difference just by working parttime!
Here’s a table summarizing how your annual earnings change depending on how many hours you work per week at $70 an hour:
Hours Per Week  Earnings Per Week  Annual Earnings 

40  $2,800  $145,600 
35  $2,450  $127,400 
30  $2,100  $109,200 
25  $1,750  $91,000 
20  $1,400  $72,800 
15  $1,050  $54,600 
The more hours per week, the higher your total yearly earnings. But parttime work allows for more life balance if you don’t need the full salary.
$70 an Hour With Overtime is How Much a Year?
Now let’s look at how overtime can increase your annual earnings.
Overtime kicks in once you work more than 40 hours in a week. Typically, you earn 1.5x your regular hourly wage for overtime hours.
So if you make $70 per hour normally, you would make $105 per hour for any hours over 40 in a week.
Here’s an example:
 You work 45 hours in a Week
 40 regular hours paid at $70 per hour = $2,800
 5 overtime hours paid at $105 per hour = $525
 Your total one Week earnings =$2,800 + $525 = $3,325
If you worked 45 hours each week for 52 weeks, here’s how your annual earnings increase thanks to overtime pay:
$3,325 per week x 52 weeks per year = $172,900
That’s $27,300 more than you’d earn working just 40 hours per week at $70 an hour.
Overtime can add up! But also consider taxes and worklife balance when deciding on extra hours.
Here’s a table summarizing how your annual earnings change depending on how many hours you work per week at $70 an hour:
Overtime hours per work day  Hours Per Week  Earnings Per Week  Annual Earnings 
0  40  $2,800  $145,600 
1  45  $3,325  $172,900 
2  50  $3,850  $200,200 
3  55  $4,375  $227,500 
4  60  $4,900  $254,800 
5  65  $5,425  $282,100 
6  70  $5,950  $309,400 
7  75  $6,475  $336,700 
How Unpaid Time Off Impacts $70/Hour Yearly Earnings
So far we’ve assumed you work 52 paid weeks per year. Any unpaid time off will reduce your total income.
For example, let’s say you take 2 weeks of unpaid leave. That brings your paid weeks down to 50:
Hours worked per week (40) x Hourly wage($70) x Weeks worked per year(50) = $140,000 annual salary
With 2 weeks unpaid time off, your annual earnings at $70/hour would drop by $5,600.
The table below summarizes how your annual income changes depending on the number of weeks of unpaid leave.
Weeks of unpaid leave  Paid weeks per year  Earnings Per Week  Annual Earnings 
0  52  $2,800  $145,600 
1  51  $2,800  $142,800 
2  50  $2,800  $140,000 
3  49  $2,800  $137,200 
4  48  $2,800  $134,400 
5  47  $2,800  $131,600 
6  46  $2,800  $128,800 
7  45  $2,800  $126,000 
Key Takeaways for $70 Hourly Wage
In summary, here are some key points on annual earnings when making $70 per hour:
 At 40 hours per week, you’ll earn $145,600 per year.
 Parttime of 30 hours/week results in $109,200 annual salary.
 Overtime pay can boost yearly earnings, e.g. $27,300 extra at 45 hours/week.
 Unpaid time off reduces your total income, around $5,600 less per 2 weeks off.
 Your specific situation and location impacts taxes and PTO.
Knowing your approximate annual salary and factors impacting it makes it easier to budget and plan your finances. The next step is calculating takehome pay after deductions like taxes.
$70 An Hour Is How Much A Year After Taxes
Figuring out your actual annual earnings based on an hourly wage can be complicated once taxes are taken into account. In addition to federal, state, and local income taxes, 7.65% of your gross pay also goes to Social Security and Medicare through FICA payroll taxes. So how much does $70 an hour equal per year after FICA and income taxes are deducted from your gross pay?
Below we’ll walk through the steps to calculate your annual net take home pay if you make $70 per hour. This will factor in estimated federal, FICA, state, and local taxes so you know exactly what to expect.
Factoring in Federal Income Tax
Your federal income tax will be a big chunk out of your gross pay. Federal tax rates range from 10% to 37%, depending on your tax bracket.
To estimate your federal income tax rate and liability:
Look up your federal income tax bracket based on your gross pay.
2023 tax brackets: single filers
Tax rate  Taxable income bracket  Tax owed 

10%  $0 to $11,000.  10% of taxable income. 
12%  $11,001 to $44,725.  $1,100 plus 12% of the amount over $11,000. 
22%  $44,726 to $95,375.  $5,147 plus 22% of the amount over $44,725. 
24%  $95,376 to $182,100.  $16,290 plus 24% of the amount over $95,375. 
32%  $182,101 to $231,250.  $37,104 plus 32% of the amount over $182,100. 
35%  $231,251 to $578,125.  $52,832 plus 35% of the amount over $231,250. 
37%  $578,126 or more.  $174,238.25 plus 37% of the amount over $578,125. 
For example, if you are single with $145,600 gross annual pay, your federal tax bracket is 24%.
Your estimated federal tax would be:
$16,290 + ($145,600 – $95,376) x 24% = $28,343.76
So at $70/hour with $145,600 gross pay, you would owe about $28,343.76 in federal income taxes.
Considering State Income Tax
In addition to federal tax, most states also charge a state income tax. State income tax rates range from about 1% to 13%, with most falling between 4% and 6%.
Key Takeaways

 California, Hawaii, New York, New Jersey, and Oregon have some of the highest state income tax rates.
 Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming don’t impose an income tax at all.
 Another 10 U.S states have a flat tax rate—everyone pays the same percentage regardless of how much they earn.
A StatebyState Comparison of Income Tax Rates
STATE  TAX RATES  LOWEST AND HIGHEST INCOME BRACKETS 

Alaska  0%  None 
Florida  0%  None 
Nevada  0%  None 
South Dakota  0%  None 
Tennessee  0%  None 
Texas  0%  None 
Washington  0%  None 
Wyoming  0%  None 
Colorado  4.55%  Flat rate applies to all incomes 
Illinois  4.95%  Flat rate applies to all incomes 
Indiana  3.23%  Flat rate applies to all incomes 
Kentucky  5%  Flat rate applies to all incomes 
Massachusetts  5%  Flat rate applies to all incomes 
New Hampshire  5%  Flat rate on interest and dividend income only 
North Carolina  4.99%  Flat rate applies to all incomes 
Pennsylvania  3.07%  Flat rate applies to all incomes 
Utah  4.95%  Flat rate applies to all incomes 
Michigan  4.25%  Flat rate applies to all incomes 
Arizona  2.59% to 4.5%  $27,806 and $166,843 
Arkansas  2% to 5.5%  $4,300 and $8,501 
California  1% to 13.3%  $9,325 and $1 million 
Connecticut  3% to 6.99%  $10,000 and $500,000 
Delaware  0% to 6.6%  $2,000 and $60,001 
Alabama  2% to 5%  $500 and $3,001 
Georgia  1% to 5.75%  $750 and $7,001 
Hawaii  1.4% to 11%  $2,400 and $200,000 
Idaho  1.125% to 6.5%  $1,568 and $7,939 
Iowa  0.33% to 8.53%  $1,743 and $78,435 
Kansas  3.1% to 5.7%  $15,000 and $30,000 
Louisiana  1.85% to 4.25%  $12,500 and $50,001 
Maine  5.8% to 7.15%  $23,000 and $54,450 
Maryland  2% to 5.75%  $1,000 and $250,000 
Minnesota  5.35% to 9.85%  $28,080 and $171,221 
Mississippi  0% to 5%  $5,000 and $10,001 
Missouri  1.5% to 5.3%  $1,121 and $8,968 
Montana  1% to 6.75%  $2,900and $17,400 
Nebraska  2.46% to 6.84%  $3,340 and $32,210 
New Jersey  1.4% to 10.75%  $20,000 and $1 million 
New Mexico  1.7% to 5.9%  $5,500 and $210,000 
New York  4% to 10.9%  $8,500 and $25 million 
North Dakota  1.1% to 2.9%  $41,775 and $458,350 
Ohio  0% to 3.99%  $25,000 and $110,650 
Oklahoma  0.25% to 4.75%  $1,000 and $7,200 
Oregon  4.75% to 9.9%  $3,750 and $125,000 
Rhode Island  3.75% to 5.99%  $68,200 and $155,050 
South Carolina  0% to 7%  $3,110 and $15,560 
Vermont  3.35% to 8.75%  $42,150 and $213,150 
Virginia  2% to 5.75%  $3,000 and $17,001 
Washington, D.C.  4% to 9.75%  $10,000 and $1 million 
West Virginia  3% to 6.5%  $10,000 and $60,000 
Wisconsin  3.54% to 7.65%  $12,760 and $280,950 
To estimate your state income tax:
Look up your state income tax rate based on your gross pay and filing status.
Multiply your gross annual pay by the state tax rate.
For example, if you live in Pennsylvania which has a flat 3.07% tax rate, your estimated state tax would be:
$145,600 gross pay x 3.07% PA tax rate = $4,469.92 estimated state income tax
So with $145,600 gross annual income, you would owe around in $4,469.92 Pennsylvania state income tax. Verify your specific state’s income tax rates.
Factoring in Local Taxes
Some cities and counties levy local income taxes ranging from 13% of taxable income.
To estimate potential local taxes you may owe:
 Check if your city or county charges a local income tax.
 If yes, look up the local income tax rate.
 Multiply your gross annual pay by the local tax rate.
For example, say you live in Columbus, OH which has a 2.5% local income tax. Your estimated local tax would be:
$145,600 gross pay x 2.5% local tax rate = $3,640 estimated local tax
So with $145,600 in gross earnings, you may owe around $3,640 in Columbus local income taxes. Verify rates for your own city/county.
Accounting for FICA Taxes (Social Security & Medicare)
FICA taxes are a combination of Social Security and Medicare taxes that equal 15.3% of your earnings. You are responsible for half of the total bill (7.65%), which includes a 6.2% Social Security tax and 1.45% Medicare tax on your earnings.
In 2023, only the first $160,200 of your earnings are subject to the Social Security tax
There is an additional 0.9% surtax on top of the standard 1.45% Medicare tax for those who earn over $200,000 (single filers) or $250,000 (joint filers).
To estimate your FICA tax payment:
$145,600 x 6.2% + $145,600 x 1.45% = $11,138.40
So you can expect to pay about $11,138.40 in Social Security and Medicare taxes out of your gross $145,600 in earnings.
Total Estimated Tax Payments
Based on the examples above, your total estimated tax payments would be:
Federal tax: $28,343.76
State tax: $4,469.92
Local tax: $3,640
FICA tax: $11,138.40
Total Estimated Tax: $47,592.08
Calculating Your Take Home Pay
To calculate your annual take home pay at $70 /hour:
1. Take your gross pay
2. Subtract your estimated total tax payments
$145,600 gross pay – $47,592.08 Total Estimated Tax = $98,007.92 Your Take Home Pay
n summary, if you make $70 per hour and work fulltime, you would take home around $98,007.92 per year after federal, state, local , FICA taxes.
Your actual net income may vary depending on your specific tax situation. But this gives you a general idea of what to expect.
Convert $70 Per Hour to Yearly, Monthly, Biweekly, and Weekly Salary After Taxes
If you make $70 an hour and work fulltime (40 hours per week), your estimated yearly salary would be $145,600 .
The $145,600 per year salary does not account for taxes. Federal, state, and local taxes will reduce your takehome pay. The amount withheld depends on your location, filing status, dependents, and other factors.
Just now during our calculation of $70 An Hour Is How Much A Year After Taxes, we assumed the following conditions:
 You are single with $145,600 gross annual pay, your federal tax bracket is 24 %.
 You live in Pennsylvania which has a flat 3.07% tax rate
 You live in Columbus, OH which has a 2.5% local income tax.
In the end, we calculated your Total Estimated Tax is $47,592.08 , Your Take Home Pay is $98,007.92 , Total tax rate is 32.69%.
So next we’ll use 32.69% as the estimated tax rate to calculate your weekly, biweekly, and monthly aftertax income.
$70 Per Hour to Yearly, Monthly, Biweekly, Weekly,and Week Salary After Taxes Table
Income before taxes  Estimated Tax Rate  Income Taxes  After Tax Income  
Yearly Salary  $145,600  32.69%  $47,592.08  $98,007.92 
Monthly Salary  $12,133.33  32.69%  $3,966.01  $8,167.33 
BiWeekly Salary  $5,600  32.69%  $1,830.46  $3,769.54 
Weekly Salary  $2,800  32.69%  $915.23  $1,884.77 
$70 an hour is how much a year after taxes
Here is the adjusted yearly salary after a 32.69% tax reduction:

 Yearly salary before taxes: $145,600
 Estimated tax rate: 32.69%
 Taxes owed (32.69% * $145,600 )= $47,592.08
 Yearly salary after taxes: $98,007.92
Hourly Wage  Hours Worked Per Week  Weeks Worked Per Year  Total Yearly Salary  Estimated Tax Rate  Taxes Owed  AfterTax Yearly Salary 

$70  40  52  $145,600  32.69%  $47,592.08  $98,007.92 
$70 an hour is how much a month after taxes
To calculate the monthly salary based on an hourly wage, you first need the yearly salary amount. Then divide by 12 months.


 Yearly salary before taxes at $70 per hour: $145,600
 Divided by 12 months per year: $145,600 / 12 = $12,133.33 per month

The monthly salary based on a 40 hour work week at $70 per hour is $12,133.33 before taxes.
After applying the estimated 32.69% tax rate, the monthly aftertax salary would be:

 Monthly beforetax salary: $12,133.33
 Estimated tax rate: 32.69%
 Taxes owed (32.69% * $12,133.33 )= $3,966.01
 Monthly aftertax salary: $8,167.33
Monthly Salary Based on $70 Per Hour
Hourly Wage  Yearly Salary  Months Per Year  BeforeTax Monthly Salary  Estimated Tax Rate  Taxes Owed  AfterTax Monthly Salary 

$70  $145,600  12  $12,133.33  32.69%  $3,966.01  $8,167.33 
$70 an hour is how much biweekly after taxes
Many people are paid biweekly, meaning every other week. To calculate the biweekly pay at $70 per hour:
 Hourly wage: $70
 Hours worked per week: 40
 Weeks per biweekly pay period: 2
 $70 * 40 hours * 2 weeks = $5,600 biweekly
Applying the 32.69%estimated tax rate:
 Biweekly beforetax salary: $5,600
 Estimated tax rate: 32.69%
 Taxes owed (32.69% * $5,600 )= $1,830.46
 Biweekly aftertax salary: $3,769.54
Biweekly Salary at $70 Per Hour
Hourly Wage  Hours Worked Per Week  Weeks Per Pay Period  BeforeTax Biweekly Salary  Estimated Tax Rate  Taxes Owed  AfterTax Biweekly Salary 

$70  40  2  $5,600  32.69%  $1,830.46  $3,769.54 
$70 an hour is how much weekly after taxes
To find the weekly salary based on an hourly wage, you need to know the number of hours worked per week. At 40 hours per week, the calculation is:
 Hourly wage: $70
 Hours worked per week: 40
 $70 * 40 hours = $2,800 per week
Accounting for the estimated 32.69% tax rate:
 Weekly beforetax salary: $2,800
 Estimated tax rate: 32.69%
 Taxes owed (32.69% * $2,800 )= $915.23
 Weekly aftertax salary: $1,884.77
Weekly Salary at $70 Per Hour
Hourly Wage  Hours Worked Per Week  BeforeTax Weekly Salary  Estimated Tax Rate  Taxes Owed  AfterTax Weekly Salary 

$70  40  $2,800  32.69%  $915.23  $1,884.77 
Key Takeaways
 An hourly wage of $70 per hour equals a yearly salary of $145,600 before taxes, assuming a 40 hour work week.
 After accounting for an estimated 32.69% tax rate, the yearly aftertax salary is approximately $98,007.92 .
 On a monthly basis before taxes, $70 per hour equals $12,133.33 per month. After estimated taxes, the monthly takehome pay is about $8,167.33 .
 The beforetax weekly salary at $70 per hour is $2,800 . After taxes, the weekly takehome pay is approximately $1,884.77 .
 For biweekly pay, the pretax salary at $70 per hour is $5,600 . After estimated taxes, the biweekly takehome pay is around $3,769.54 .
Understanding annual, monthly, weekly, and biweekly salary equivalents based on an hourly wage is useful when budgeting and financial planning. Taxes make a significant difference in takehome pay, so be sure to account for them when making income conversions. Use this guide as a reference when making salary calculations.
What Is the Average Hourly Wage in the US?
Last Updated: Sep 1 2023
US Average Hourly Earnings is at a current level of $33.82, up from 33.74 last month and up from 32.43 one year ago. This is a change of 0.24% from last month and 4.29% from one year ago.
Average Hourly Earnings is the average dollars that a private employee makes per hour in the US. This metric is a part of one of the most important releases every month which includes unemployment numbers as well. This is normally released on the first Friday of every month. This metric is released by the Bureau of Labor Statistics (BLS).
What is the average salary in the U.S.?
Last Updated: July 18, 2023
The U.S. Bureau of Labor Statistics uses median salary data rather than averages to avoid skewed numbers from outlying high and low numbers. Median weekly earnings of the nation's 121.5 million fulltime wage and salary workers were $1,100 in the second quarter of 2023, the U.S.
If a person works 52 weeks in the year, then this represents a national annual salary of $57,200.
Is $70 an Hour a Good Salary?
There’s no doubt that $70 per hour qualifies as an excellent salary, providing earnings in the top 1015% nationally. Here’s how this hourly rate stacks up:
 It’s nearly 3x the national median wage of around $27/hour.
 Annualized, it equates to $145,000 per year. This cracks the top 10% of all U.S. household incomes.
 It’s a highend wage even in expensive coastal cities like San Francisco and New York.
 Someone earning $70/hour can comfortably support a family with room for savings and discretionary spending.
 Most white collar professionals will not reach $70/hour earnings until very late in their careers, if ever.
 Many people earning $70/hour may still feel “middle class” due to high cost of living. But it objectively affords an upper tier standard of living.
Unless you live an extremely lavish lifestyle, $70/hour offers financial security and flexibility for workers and their household. But taxes and inflation do take a significant bite over time.
Jobs that Pay $70 an Hour
While not extremely common, here are some jobs with earning potential around $70 per hour:
 Engineers – Senior software, chemical, electrical engineers in high cost cities.
 Corporate Lawyers – Partnertrack attorneys at major law firms.
 Management Consultants – Those at top firms like McKinsey, Bain & BCG.
 Investment Bankers – VP/SVPlevel at firms like Goldman Sachs and JPMorgan.
 Specialized Doctors – Experienced cardiologists, anesthesiologists, radiologists.
 Pilots & Air Traffic Controllers – Senior commercial airline pilots and air traffic controllers.
 Data Scientists – Highend quant analytics and data science roles.
 Actuaries – Credentialed professionals with years of experience.
 Pharmacists – Pharmacy managers and clinical pharmacists at major hospitals.
 Petroleum Engineers – Senior engineers in oil/gas industry hotbeds like Texas.
Many of these jobs require years of experience, postgraduate education, and residence in a major metro region to reach top pay scales. But certain trades and roles also pay over $70/hour through high billable rates, hazard pay and ample overtime. Overall, it’s an impressive wage level but not unheard of among top tier professionals.
Can You Live Off $70 An Hour?
How far does $70/hour go towards covering basic living expenses? Here is an overview of typical budgets at this income level.
Housing
 Up to $2,000/month on rent or mortgage is doable at this income.
 Affords highend apartments or decentsized homes in most metro areas.
 Can stretch for multibedroom houses or condos in major coastal cities.
 Provides sufficient budget for remodeling/upgrading over time.
Transportation
 Owning luxury car: $700 per month with loan payment
 Leasing new luxury car or SUV: $900
 Basic sedan/SUV payment: $400
 Public transit pass: $100
Food
 Feeding a single person: $500 per month
 Family of four: $1,200 per month
 Occasional fine dining: $500
Utilities/Bills
 Basic utilities, cell phone: $400
 Add TV/internet, home security: $600
Insurance/Healthcare
 Decent family health insurance: $500
 Life and disability insurance: $200
 Copays, prescriptions, dental: $300
Savings & Investments
 Max out 401(k) at $20,500 per year ($1,700/month)
 Additional investing in IRAs, brokerage funds
 College savings funds for children
Vacation & Travel
 23 domestic or international trips per year
 Hotel, airfare, rental cars, activities
As you can see, $70/hour allows for plenty of budgetary flexibility. The only major limitation for high cost cities is housing affordability, where budgets and space may be constrained. Overall very comfortable earning potential.
The Impact of Inflation
Inflation and taxes consume a portion of $70/hour earnings. Factoring 35% annual inflation over time:
 $70 this year → $66 next year → $63 in 3 years.
 Equivalent to nearly a 10% pay cut over 3 years at 4% annual inflation.
 Income taxes consume 2530% of gross paycheck amounts.
To maintain or grow real purchasing power longterm, asking for raises and strategically managing taxes is key. But $70/hour still affords financial comfort despite inflation erosion.
5 Ways To Increase Your Hourly Wage
For those earning around $70/hour, here are some options to keep boosting that figure over time:
 Negotiate annual raises with your employer to match or exceed inflation.
 Seek promotions into higher paying management and executivelevel roles.
 Develop specialized skills and experience that translate into higher billable rates.
 Earn advanced certifications or degrees to qualify for the highestpaying roles.
 Consider moving into consulting or launching a side business in your expertise area.
Opportunities abound to incrementally or dramatically scale earnings over a career based on skills development and career strategy.
Buying a Car on $70 an Hour
Comfortably affording a nice vehicle is no problem at this income level. Options include:
 Buying new luxury SUVs or cars in cash, like a BMW 5Series.
 Financing expensive vehicles by putting down large down payments.
 Leasing highend luxury and performance automobiles.
 Owning multiple nice vehicles for different uses.
 Frequent upgrades to newer model years.
 Customizability and personalization.
Cost and payments are not a major factor in vehicle selection at $70/hour income. Focus instead lands more on preferences, features, and aesthetics when choosing vehicles.
Can You Buy a House on $70 An Hour?
Housing costs are still the major factor impacting budgets at $70/hour. Guidelines for home affordability:
 Can afford mortgage payments up to $4,000 per month comfortably.
 Enables purchasing medianpriced homes in most metro areas.
 Facilitates buying multimillion dollar properties in ultrahighend real estate markets.
 Allows owning large square footage homes requiring extensive maintenance.
 Provides flexibility to customize and renovate over time.
 Rental income from basements or granny flats can supplement the mortgage.
Outside of the most expensive markets, $70/hour income makes owning beautiful, spacious homes very attainable, along with the costs that come with larger properties.
Example Budget on $70 Per Hour
Here is an example monthly budget for a $70/hour income earner with a family of four:
 Gross Monthly Income: $14,560
 Taxes and Deductions: $4,000
 Mortgage Payment: $2,500
 Utilities: $500
 HOA Fees: $200
 Car Loan Payments: $1,000
 Car Insurance: $150
 Gasoline: $300
 Groceries: $1,200
 Family Health Insurance: $500
 Out of Pocket Medical: $200
 Phones & Internet: $300
 Alarm & Security: $150
 401K & IRA Savings: $2,000
 Leisure & Entertainment: $1,000
 Travel Savings: $500
 Miscellaneous Expenses: $500
This comfortable budget still requires minding large recurring costs like taxes, mortgage payments, and retirement savings contributions. But it offers nice flexibility for vacations and discretionary spending.
In Summary
An income of $70 per hour provides uppermiddle class earnings that facilitate financial security. Typical lifestyles include nicer vehicles, spacious homes, comfortable retirement saving and investments, quality healthcare, and ample leisure and travel. While taxes and inflation do take a cut longterm, $70/hour affords an undeniably prosperous lifestyle well exceeding median household income levels. Earning this wage makes many of life’s costs and pleasures quite attainable.