How much unemployment will I get if I make $1,800 a week?
If you earn $1,800 per week, your unemployment benefit amount depends on several different factors. Most notably, your state considers how much money you earned during your base period, which is defined differently from state to state. In most cases, your base period is the first four of the last five earning quarters before you applied for unemployment benefits.
Here are some examples of how that works out for various states:
Arizona Unemployment CalculatorSelect your state to calculate your weekly unemployment payment:
$1,800.00 a week is… |
|
| $1,800.00 a week (40 hours) | Income |
| Hourly | $45.00 |
| Daily (8 hours) | $360.00 |
| Biweekly (80 hours) | $3,600.00 |
| Monthly (173 hours) | $7,785.00 |
| Quarterly (3 months) | $23,355.00 |
| Yearly (52 weeks) | $93,600.00 |
How much is $1,800 per week?
Money makes the world go round, they say. At the very least, it certainly makes most people’s thoughts go round and round. However, most people think about money in terms of what they need to spend. Rarely do they think about it in terms of how much they earn, and how 1,800 per week translates to hourly, monthly, and yearly rates.
$1,800 a week is how much per hour?
Knowing how much you earn per hour is important because it allows you to gauge the value of your work, assess it against your own abilities, and see if you could be doing better…or if you’re already doing great.
$1,800 per week / 40 hours per week = $45 per hour
$1,800 a week is how much per month?
You are going to have the same fixed expenses every month until you pay them off or you don’t need them anymore. Some of these expenses are debts—like your mortgage, auto loan, student loan, or credit card debt—while others are ongoing expenses for daily living—like gas and groceries. Even the expenses that fluctuate (such as gas and groceries) are going to remain in a consistent range month by month. That said, knowing how much you earn on a monthly basis will tell you how equipped you are to meet these expenses…and what’s left over for savings or discretionary purchases like a vacation.
First, you need to know how many hours you work per month.
40 hours per week x 52 weeks = 2080 hours annually
2080 hours annually / 12 months = 173 hours per week
Now take your hourly income…
$47.50 per hour x 173 hours per week = $7,785 per month
$1,900 a week is how much per quarter?
$7,785 is almost twice the national average monthly income, so there’s a fair chance that no matter what state you live in, you can meet your living expenses if you’re living reasonably. But what about those bigger purchases that come along, like a new deck, a remodeled kitchen, or a vacation trip? And what about those bigger purchases that are not discretionary in nature, such as major life cycle events? This is where you are going to need to know how much you make on a quarterly basis. Even if the extra money from each quarter is not enough to get that thing you want, a three month period is a great place to check in and see how progress is going toward it.
$7,785 per month x 3 months = $23,355
$1,800 a week is how much per year?
You can calculate your yearly income by multiplying $1,800 by 53 weeks in a year.
$1,800 per week x 52 weeks = $93,600
For those people making $1,800, this is perhaps the most interesting number to look at. That’s because it’s putting you just shy of the six figure mark for annual income. If you’re happy with your work-life balance and routine, you may choose to keep it this way. But if the idea of shattering the six figure glass ceiling is calling your name, knowing your annual income provides a place to reflect and perhaps make different plans.
$1,800 a week is how much per day?
It’s good to think about how much you make per day. This number can help you factor in things like sick days and vacation time, in terms of making a cost-benefit analysis. Should I take an extra day off this weekend? Or can I not afford it? If you’re working 8 hour days…
$45 per hour x 8 hours per day = $360
That’s the dollar value of each day you work.
$1,800 a week is how much biweekly?
For most American paycheck earners, the biweekly number is the most relevant, since that’s what’s deposited into their bank account every two weeks.
$1,900 per week x 2 weeks = $3,600
What Kind of House Can I Buy If I Make $1,800 a Week?
This is a great adulting question, especially for those readers ready to transition away from renting. Generally speaking, your housing costs (rent or mortgage) should not surpass 33% of your total income. And since a mortgage payment is typically a monthly payment, you will need to compare this to your monthly number, which was $7,785 per month. That means your housing costs should not surpass $2,569 per month.
But before you start shopping around for a mortgage—and thinking that any house costing you $2,569 per month or less is fine—there are some other numbers you need to consider. There are property taxes, there is homeowners insurance, and there is also sometimes private mortgage insurance if your down payment was less than 20%. In many cases, these extra costs are not avoidable. For instance, even if you want to live on the wild side with your own property, your bank thinks that is too risky and will want you to get homeowners insurance as long as you still owe them money (and your home is collateral).
One common type of mortgage payment is the PITI payment, which includes all these numbers. So when assessing how much you can afford per month towards housing, it’s this final number you really want to lock down in conversations with your mortgage broker or loan officer.
That said, we can return to the $2,569 number and assume it represents the maximum housing payment you can make, which includes all other components. Nationally, the average 30 year mortgage has a monthly payment of just around $2,064. But this number hides an enormous range of prices that vary from state to state, county to county, and city to city. In Los Angeles, your allowable mortgage payment will probably allow you to move into a fairly standard home, whereas in Dallas, Texas, you can probably get something much larger and much newer for the same amount of money.
That’s why the question of what kind of house you can buy if you make $1,800 does not just depend on how much money you make…it depends on where you live or where you want to live. But knowing how much you make periodically helps you find the best answer to that question.