If you make $90 an hour, it puts you in the top 10% of individual incomes and allows for a comfortable lifestyle in most parts of the country. But your exact purchasing power will depend on where you live and how much you save and invest. This article breaks down the financial implications of this salary across different timeframes - yearly, monthly, weekly, and daily - to give you a clear picture of your earning potential.
Generally speaking, your annual earnings will come out to around $187,200 if you work 40 hours a week for 52 weeks of the year without taking any paid time off. But that’s only the tip of the iceberg when it comes to how much you can actually earn with this hourly rate.
Your actual take-home pay will vary significantly depending on how often you’re paid, how much taxes are deducted, and whether or not you receive overtime. For instance, if you work more than 40 hours in a week, you will earn 1.5x your regular hourly wage for overtime, bringing your total annual earnings to $240,600.
Some professions, such as anesthesiologists and surgeons, routinely earn above this salary. Likewise, dentists in private practice can earn up to $90 per hour. But a $90 per hour job can also be lucrative for other types of professionals, especially if they can find positions in high-demand fields. However, it’s important to remember that $90 an hour will not necessarily be a good income if you have a family to support. That’s because families require more resources than individuals.