2026 Tax Year · Single Filer · Indiana

$24 an Hour in Indiana — After-Tax Take-Home (2026)

At $24/hour (2,080 hours/year), your gross annual income is $49,920. After federal income tax, Social Security, Medicare, and Indiana state income tax, your take-home pay is $19.62/hr. In Indiana's low cost-of-living environment, this is a comfortable living wage in Indiana.

Gross Annual

$49,920

Net Annual
$40,818

Net Monthly

$3,402

Net Hourly

$19.62

Pay Period Breakdown

Hourly $24.00 $4.38 $19.62

Daily (8 hrs) $192.00 $35.01 $156.99

Weekly (40 hrs) $960.00 $175.04 $784.96

Biweekly $1,920.00 $350.07 $1,569.93

Monthly $4,160.00 $758.49 $3,401.51

Annual $49,920 $9,102 $40,818

Full Tax Breakdown — Indiana, Single Filer

Gross Annual Income $24/hr × 2,080 hrs $49,920

Federal Standard Deduction Single 2026 −$16,100

Federal Taxable Income $33,820

Federal Income Tax 7.6% −$3,810.40

Social Security (6.2%) up to $184,500 −$3,095.04

Medicare (1.45%) −$723.84

Indiana Standard Deduction Single 2026 −$0

Indiana State Income Tax 2.9% −$1,472.64

Total Tax 18.2% effective −$9,101.92

Net Take-Home $40,818

How Does Indiana Compare?

See how $24/hr take-home differs in other states at the same wage:

California $1,260.64 $3,419/mo $41,030 Florida None $3,524/mo $42,291 New York $2,022.17 $3,356/mo $40,269 Texas None $3,524/mo $42,291 Washington None $3,524/mo $42,291

Open Full Calculator for Indiana — $24/hr →

Equivalent Annual Salary Pages

$24/hr = $49,920/year gross. See the full state-by-state salary breakdown:

Adjacent Rates in Indiana

Same Rate, Other States

Cost of Living in Indiana

✓ Comfortable — $24/hr covers costs in Indiana

Avg 1BR rent in Indianapolis: $950/mo — within budget (23% of gross monthly)
Minimum comfortable income in Indiana: $34,000/yr
Your net annual: $40,818 ($6,818 above comfortable threshold)
Purchasing power equivalent in Texas: ~$29.6/hr

Working at $24/hr in Indiana

This is a genuinely comfortable income in Indiana. The flat 3.05% tax is among the lowest statewide rates in the US, and Indianapolis COL is low enough that take-home actually translates into quality-of-life. Eli Lilly's strong local presence drives solid wages in pharma-adjacent roles.

At $24/hr, you work roughly 49 hours each month to cover a typical 1BR in Indianapolis ($950/mo) -- that's within the 30% gross income guideline. This wage is 3.3x Indiana's federal minimum wage of $7.25/hr. Your combined effective tax rate at $24/hr in Indiana is 18.2% -- federal income tax accounts for 7.6%, FICA 7.6%, and Indiana state tax 2.9%.

Indiana's economy is built on manufacturing (especially automotive — Honda, Subaru, Toyota all have plants here), logistics, pharmaceuticals (Eli Lilly HQ in Indianapolis), and agriculture. Indianapolis has a growing tech scene driven by Salesforce's significant local presence.

Indiana has a flat 3.05% state income tax rate — one of the lowest in the country. Counties also levy a local income tax ranging from 0.5% to 3.38%, adding to the total. No standard deduction at the state level.

Indiana follows the federal minimum wage of $7.25/hr.

Monthly Budget on $24/hr in Indiana

Based on $3,402/month take-home. Percentages follow common 50/30/20 guidelines adjusted for Indiana's cost of living.

Rent / Housing $950 $11,400 27.9%

Food (groceries + dining) $408 $4,896 12.0%

Transportation $340 $4,080 10.0%

Utilities $204 $2,448 6.0%

Healthcare $170 $2,040 5.0%

Entertainment $170 $2,040 5.0%

Savings (10% target) $340 $4,080 10.0%

Remaining / Surplus $820 $9,840 24.1%

Overtime Pay — $24/hr in Indiana

At time-and-a-half ($36.00/hr), here's what overtime adds to your annual net income in Indiana. Your marginal tax rate at this income level is ~16.4%.

5 hrs/week $180 $150 $7,500

10 hrs/week $360 $301 $15,050

20 hrs/week $720 $602 $30,100

Hours to Afford Common Purchases at $24/hr

How many hours of work (gross) to buy common items. Actual cost in after-tax hours is higher — divide by your $19.62 net hourly rate for the true cost in time.

Tank of gas (12 gal) $50 2.1 hrs 2.6 hrs

Week of groceries $120 5 hrs 6.2 hrs

iPhone 16 (base) $799 33.3 hrs 40.8 hrs

1 month rent (Indianapolis) $950 39.6 hrs 48.5 hrs

Used car ($10k) $10,000 416.7 hrs 509.6 hrs

Median new car ($48k) $48,000 2000 hrs 2446 hrs

What Jobs Pay $24/hr in Indiana?

At $24/hour, you earn 26% above the estimated median hourly wage in Indiana. Jobs that commonly pay around this rate include:

dental assistant, paralegal assistant, HVAC apprentice, bookkeeper, pharmacy technician, surgical technician

These figures reflect statewide averages for Indiana. The Indianapolis metro area typically pays 8% more than rural parts of the state for the same role. Specialized certifications, union membership, or government employment at this wage tier often add meaningful benefits that raise total compensation above the base hourly figure.

At 24/hr, you are in a strong financial position in Indiana. Your net annual income of $40,818 exceeds the estimated comfortable living threshold of $34,000 by $6,818, giving you real room to save and invest.

Geographic Wage Variation Within Indiana

The $24/hr figure reflects a statewide average. Wages for the same job title can differ significantly by location within Indiana. The Indianapolis metro area generally commands a 8% premium over the state average, while rural areas typically pay 4% less.

Indianapolis metro$25.9/hr+8%Higher pay, higher COL

Indiana average$24/hrBaselineThis page's figures

Rural Indiana$23/hr-4%Lower pay, lower COL

When choosing between metro and rural Indiana at this wage tier, compare net monthly surplus rather than gross hourly rates. Rural areas have lower rent, shorter commutes, and lower day-to-day costs -- the purchasing power difference is often smaller than the raw wage gap suggests.

Savings Goals at $24/hr in Indiana

Saving $340/month (10% of net), here is how long it takes to reach common financial milestones from a starting balance of zero:

Weekend getaway$3,0009 monthsFlights + hotel, domestic

3-month emergency fund$6,21619 monthsCore expenses only

6-month emergency fund$12,43237 monthsFull financial cushion

Used car (no loan)$8,00024 monthsReliable used vehicle

New car down payment$25,00074 months~50% down to minimize payments

Home down payment$5,10015 months10% on a starter home in Indiana

Your monthly budget surplus of $820 means you can accelerate these timelines by directing extra cash beyond the 10% baseline. Automating transfers on payday is the most reliable way to stay consistent.

Debt Payoff on $24/hr in Indiana

Allocating 15% of net monthly income ($510/month) toward debt repayment is sustainable while still allowing for savings and essentials.

Credit card$5,000$51010 months

Student loan$30,000$51059 months

These timelines exclude interest, which meaningfully extends payoff for high-APR credit cards. Prioritize high-interest debt first. Even an extra $50/month toward a credit card balance can cut months off your payoff timeline and save hundreds in interest.

401(k) and Retirement at $24/hr

Contributing 6% ($2,995/year) to a pre-tax 401(k) saves you $448 in taxes at your 14.9% marginal rate -- your actual out-of-pocket cost is only $2,547/year. If your employer matches up to 6%, that match is $2,995 in additional annual compensation -- never leave it uncaptured.

Saving $4,080/year and investing at a 7% average annual return builds significant wealth over time:

5 years$20,400$21,624$1,224 interest

10 years$40,800$43,370$2,570 interest

20 years$81,600$87,475$5,875 interest

What Would a Raise Mean at $24/hr in Indiana?

A $1/hr raise adds $1,739 to your annual net take-home in Indiana after taxes. Your marginal rate on additional income is approximately 16.4%, so you keep 83.6% of every extra dollar earned.

$1/hr raise$25/hr$1,739$145

5% raise$25.2/hr$2,087$174

10% raise$26.4/hr$4,173$348

Frequently Asked Questions

Is 24 an hour a good wage in Indiana?

24/hr in Indiana gives you $40,818/year after taxes -- a comfortable living wage in Indiana. Avg 1BR rent in Indianapolis: $950/month (within the 30% rule). It places you 26% above the estimated state median wage.

What is 24 an hour after taxes in Indiana?

24/hr in Indiana = $40,818/year or $3,402/month net. Effective tax rate: 18.2%, made up of 7.6% federal, 7.6% FICA, and 2.9% Indiana state tax.

What jobs pay 24 an hour in Indiana?

Common roles at 24/hr in Indiana include dental assistant, LPN, IT support specialist. Metro areas like Indianapolis typically pay 8% more for the same role.

How does 24/hr go further -- Indiana or Texas?

24/hr in Indiana has similar purchasing power to ~29.6/hr in Texas. Indiana state income tax reduces take-home vs Texas.

How long to build an emergency fund at 24/hr in Indiana?

Saving $340/month (10% of net), you reach a 3-month emergency fund of $6,216 in 19 months. A 6-month fund takes 37 months.

What does a 401(k) cost at 24/hr in Indiana?

A 6% contribution ($2,995/year) saves $448 in taxes at your 14.9% marginal rate. Your net out-of-pocket cost is only $2,547/year -- and if your employer matches, it is essentially free money.

What does a $1/hr raise mean at 24/hr in Indiana?

A $1/hr raise adds $1,739/year to your net take-home in Indiana after the 16.4% marginal tax rate. You keep 83.6% of every additional dollar earned.

What is the effective tax rate at 24/hr in Indiana?

At 24/hr in Indiana, your total effective tax rate is 18.2%: federal income tax 7.6%, Social Security 6.2%, Medicare 1.5%, and Indiana state tax 2.9%. You keep 81.8% of every gross dollar.

Can you afford rent in Indianapolis on 24/hr?

The average 1BR in Indianapolis is $950/month. At 24/hr, rent consumes 23% of your gross monthly pay -- within the recommended 30% ceiling. Your net hourly rate of $19.62 means you work 49 hours per month to cover rent.

What does 24/hr look like as an annual salary?

24/hr times 2,080 hours equals $49,920/year gross. After all taxes in Indiana, your net annual income is $40,818 -- an effective take-home rate of 81.8%.