$58 an Hour: What It Means
Earning $58 an hour brings your annual income to $120,640. At this rate, you are firmly in the upper echelon of professional compensation. Entry-level dentists, senior chemical engineers, and junior directors of engineering are common roles at this pay level.Quick math: $58/hour × 40 hours/week × 52 weeks = $120,640 gross annual income before taxes.
$58/Hour Earnings Breakdown
Full-time earnings at $58 per hour across every pay frequency.
| Period | Gross | Tax | Net |
|---|---|---|---|
| Annual | $120,640 | $34,787 | $85,853 |
| Monthly | $10,053 | $2,899 | $7,154 |
| Bi-Weekly | $4,640 | $1,338 | $3,302 |
| Weekly | $2,320 | $669 | $1,651 |
| Daily | $464 | $134 | $330 |
| Hourly | $58 | $17 | $41 |
$58/Hour After Tax by State
Estimated annual take-home pay at $58/hour for every US state, based on single filing status.
| State | Gross Annual | Total Tax | Take-Home | Rate |
|---|---|---|---|---|
| Alabama | $120,640 | $33,297 | $87,343 | 27.6% |
| Alaska | $120,640 | $27,430 | $93,210 | 22.7% |
| Arizona | $120,640 | $30,081 | $90,559 | 24.9% |
| Arkansas | $120,640 | $32,512 | $88,128 | 26.9% |
| California | $120,640 | $34,787 | $85,853 | 28.8% |
| Colorado | $120,640 | $32,078 | $88,562 | 26.6% |
| Connecticut | $120,640 | $33,418 | $87,222 | 27.7% |
| Delaware | $120,640 | $34,161 | $86,479 | 28.3% |
| District of Columbia | $120,640 | $34,843 | $85,797 | 28.9% |
| Florida | $120,640 | $27,430 | $93,210 | 22.7% |
| Georgia | $120,640 | $33,394 | $87,246 | 27.7% |
| Hawaii | $120,640 | $36,454 | $84,186 | 30.2% |
| Idaho | $120,640 | $33,580 | $87,060 | 27.8% |
| Illinois | $120,640 | $33,264 | $87,376 | 27.6% |
| Indiana | $120,640 | $31,109 | $89,531 | 25.8% |
| Iowa | $120,640 | $32,014 | $88,626 | 26.5% |
| Kansas | $120,640 | $33,649 | $86,991 | 27.9% |
| Kentucky | $120,640 | $32,129 | $88,511 | 26.6% |
| Louisiana | $120,640 | $31,976 | $88,664 | 26.5% |
| Maine | $120,640 | $34,518 | $86,122 | 28.6% |
| Maryland | $120,640 | $33,032 | $87,608 | 27.4% |
| Massachusetts | $120,640 | $33,242 | $87,398 | 27.6% |
| Michigan | $120,640 | $32,319 | $88,321 | 26.8% |
| Minnesota | $120,640 | $34,203 | $86,437 | 28.4% |
| Mississippi | $120,640 | $32,522 | $88,118 | 27.0% |
| Missouri | $120,640 | $32,349 | $88,291 | 26.8% |
| Montana | $120,640 | $33,440 | $87,200 | 27.7% |
| Nebraska | $120,640 | $32,954 | $87,686 | 27.3% |
| Nevada | $120,640 | $27,430 | $93,210 | 22.7% |
| New Hampshire | $120,640 | $27,430 | $93,210 | 22.7% |
| New Jersey | $120,640 | $32,988 | $87,652 | 27.3% |
| New Mexico | $120,640 | $32,346 | $88,294 | 26.8% |
| New York | $120,640 | $33,933 | $86,707 | 28.1% |
| North Carolina | $120,640 | $32,285 | $88,355 | 26.8% |
| North Dakota | $120,640 | $29,497 | $91,143 | 24.5% |
| Ohio | $120,640 | $30,182 | $90,458 | 25.0% |
| Oklahoma | $120,640 | $32,670 | $87,970 | 27.1% |
| Oregon | $120,640 | $37,460 | $83,180 | 31.1% |
| Pennsylvania | $120,640 | $31,133 | $89,507 | 25.8% |
| Rhode Island | $120,640 | $31,924 | $88,716 | 26.5% |
| South Carolina | $120,640 | $33,523 | $87,117 | 27.8% |
| South Dakota | $120,640 | $27,430 | $93,210 | 22.7% |
| Tennessee | $120,640 | $27,430 | $93,210 | 22.7% |
| Texas | $120,640 | $27,430 | $93,210 | 22.7% |
| Utah | $120,640 | $33,039 | $87,601 | 27.4% |
| Vermont | $120,640 | $33,486 | $87,154 | 27.8% |
| Virginia | $120,640 | $33,850 | $86,790 | 28.1% |
| Washington | $120,640 | $27,430 | $93,210 | 22.7% |
| West Virginia | $120,640 | $32,718 | $87,922 | 27.1% |
| Wisconsin | $120,640 | $32,736 | $87,904 | 27.1% |
| Wyoming | $120,640 | $27,430 | $93,210 | 22.7% |
Part-Time and Overtime at $58/Hour
At $58/hour, your overtime rate (1.5x) would be $87.00/hour. Working 10 hours of overtime per week would add approximately $45,240 to your annual gross income before taxes.
Is $58 an Hour Good?
At $58 per hour, your $120,640 annual income reflects elite professional compensation. You are in the top 15% of US earners and have exceptional financial flexibility. This rate supports a premium lifestyle, aggressive savings, and meaningful wealth accumulation.Jobs That Pay $58/Hour
Common positions with an hourly rate near $58.
Tips to Make the Most of $58/Hour
To move beyond $58 an hour, target the highest-level positions in your profession. Dentists with specialty certifications in orthodontics or oral surgery earn $80-150+/hour. Directors of engineering at well-funded companies earn $90-150+/hour. Business ownership, equity participation, and executive leadership are the primary levers for further compensation growth.$58/Hour FAQ
$58 an hour equals $120,640 per year working full-time (40 hours/week, 52 weeks). This is the gross annual salary before any taxes or deductions.
After federal and state taxes, $58/hour typically results in about $84,448-$94,099 in annual take-home pay, depending on your state, filing status, and deductions. Use our calculator for a precise estimate based on your specific situation.
Absolutely. $58/hour provides an excellent standard of living virtually anywhere in the country. You can afford premium housing, substantial savings, and a high quality of life. In the most expensive metros, you are still very comfortably situated financially.
Jobs at $58/hour include pharmacists, physical therapists, software developers, specialized nurses, and senior engineers. These roles require advanced education, professional licenses, or extensive specialized experience.
At $58/hour ($120,640/year), you are above the traditional middle-class range by most definitions. Your income places you in the upper tier of earners, well beyond what is typically considered middle class.