You may know what you get paid hourly for the “work” you do or what your annual salary is but that is not your THW (True Hourly Wage). Far from it. Your TRUE hourly wage equals your TRUE income divided by the TRUE number of hours required for work.
Is $500 an hour good pay? Yes. Any wage above $48.75/hour puts you in the top 10% of U.S. workers.
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What Salary Equals $500/Hour?
| Profession | Wage |
|---|---|
| Physician Assistants | $53.97 |
| Actuaries | $52.09 |
| Mathematicians | $50.50 |
| Veterinarians | $45.90 |
It depends on how many hours you work, but assuming a 40 hour work week, and working 50 weeks a year, then a $37 hourly wage is about $74,000 per year, or $6,167 a month. Is $37 an hour good pay? Yes. We estimate a person earning $37/hour makes more than 81% of workers in the United States.
Here is the list of the top jobs that pay over $100 an hour: Life coach. Underwater welder. Freelance photographer.
Nominal Wage Rate and Real Wage Rate
The nominal wage rate is the average hourly wage rate measured in current dollars and the real wage rate is the average hourly wage rate measured in dollars of a given reference base year.
First, determine the total number of hours worked by multiplying the hours per week by the number of weeks in a year (52). Next, divide this number from the annual salary. For example, if an employee has a salary of $50,000 and works 40 hours per week, the hourly rate is $50,000/2,080 (40 x 52) = $24.04.
Makeup Artist. If you're creative and know your way around an eyeshadow palette, being a freelance makeup artist offers a flexible hourly job that can pay anywhere from $13 – $40+ per hour. Per the U.S. Bureau of Labor Statistics, makeup artists are the highest-paid workers in the cosmetology industry.
Careers in medicine and healthcare offer advantageous salaries. Physician assistants examine, diagnose and treat patients on a daily basis, earning themselves more than $50 an hour.
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