£15 an Hour is How Much a Year? (2026 Salary Breakdown)

£15 an hour equals £31,200 per year working full-time. Here’s the complete breakdown of your earnings before and after tax.

£15 Per Hour Annual Salary

Time Period Gross Earnings
Hourly £15.00
Daily (8 hours) £120
Weekly (40 hours) £600
Bi-weekly £1,200
Monthly £2,600
Annual £31,200

Take-Home Pay After Tax

At £31,200 per year, here’s what you’ll actually receive:

Deduction Annual Amount
Gross salary £31,200
Income tax £3,726
National Insurance £2,095
Take-home pay £25,379

Monthly and Weekly Take-Home

Period Take-Home
Monthly £2,115
Weekly £488
Daily £98

How £15/Hour Compares

Metric Amount
UK National Living Wage (21+) £11.44/hour
UK Median hourly wage £14.60/hour
£15/hour vs median +3% above
Income percentile ~55th

At £15/hour, you’re comfortably above median earnings.

Sample Monthly Budget on £15/Hour

Based on £2,115 monthly take-home:

Category Amount % of Income
Rent/Housing £740 35%
Council Tax £115 5%
Utilities & Bills £170 8%
Food & Groceries £275 13%
Transport £170 8%
Phone & Internet £50 2%
Savings £245 12%
Other/Personal £350 17%
Total £2,115 100%

Where Can You Live on £15/Hour?

Region Median Rent (1-bed) Affordable?
North East £550 Comfortable
Wales £575 Comfortable
Yorkshire £600 Comfortable
West Midlands £650 Comfortable
East Midlands £650 Comfortable
South West £725 Yes
South East £900 Manageable
London £1,500 Tight (needs flatshare)
Tags: