$24 an Hour Is How Much a Year?
Find out exactly what $24/hr equals as an annual salary and how much you take home after tax in Australia (2025-26 rates).
Last verified: 1 July 2025Quick Answer
$24/hr = $47,424.00/year = $1,824.00/fortnight = $912.00/week (before tax, 38hr week)
After-Tax Breakdown
Annual
$41,664.12
Monthly
$3,472.01
Fortnightly
$1,602.47
Weekly
$801.23
Daily
$160.25
Tax Breakdown
| Gross annual salary | $47,424.00 |
| Income tax + Medicare levy | -$5,759.88 |
| Take home pay | $41,664.12 |
| Effective tax rate | 12.1% |
Is $24/hr Above Minimum Wage?
No$24/hr is below the national minimum wage of $24.10/hr. If you're a full-time or part-time adult employee, your employer may be underpaying you.
Is $24 an Hour Good?
The average full-time adult hourly rate in Australia is approximately $43.20/hr (ABS, ordinary-time earnings). At $24/hr, you're earning 56% of the average — that's below the national average.
Overtime Rates on $24/hr
Time-and-a-Half (1.5x)
$36.00/hr
+$12.00/hr extra
Double-Time (2x)
$48.00/hr
+$24.00/hr extra
Casual Equivalent Rate
If this $24/hr is a permanent rate, the casual equivalent with 25% casual loading would be $30.00/hr. Casual loading compensates for no paid leave, no sick leave, and no redundancy pay.
Nearby Hourly Rates Compared
Calculate Your Exact Take Home Pay
Adjust for HECS-HELP, pay frequency, and super below.
Frequently Asked Questions
$24 an hour is how much a year?
At $24 per hour working 38 hours a week for 52 weeks, your gross annual salary is $47,424.00 before tax.
Is $24 an hour good in Australia?
$24/hr is 56% of the average full-time hourly rate ($43.20/hr). This is below the national minimum wage of $24.10/hr.
How much tax on $24 per hour?
On $47,424.00/year (equivalent of $24/hr), you pay approximately $5,759.88 in income tax and Medicare levy, giving an effective tax rate of 12.1%.
What is $24 an hour after tax?
After tax, $24/hr takes home approximately $41,664.12/year, $1,602.47/fortnight, or $801.23/week (2025-26 rates).
Salary Equivalent
$24/hr at 38 hours/week = $47,424.00/year. See the full salary breakdown:
$45,000.00 Salary BreakdownGeneral information and estimates only — not legal, financial, or tax advice. Always verify with the Fair Work Ombudsman (13 13 94) or a qualified professional.
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