Net Monthly Income Calculator
Net monthly income is your take-home pay after taxes and deductions. Enter your pay, filing status, and state tax rate to estimate what reaches your bank account each month.
An estimate. Use 0 if your state has no income tax (for example Texas or Florida).
What is net monthly income?
Net monthly income is what you keep in a month after everything is taken out of your pay: federal and state income tax, Social Security and Medicare, and payroll deductions like 401(k) contributions and health insurance premiums. It's the same thing as take-home pay.
Gross monthly income is the larger number before any of that comes out. If you need your pay before taxes, use the gross monthly income calculator. Net income is the number to budget with, because it's the money you can actually spend.
How to calculate net monthly income
- Find yearly gross pay: salary, or hourly wage × hours per week × 52, or paycheck × paychecks per year.
- Subtract pre-tax deductions such as traditional 401(k) contributions and health premiums.
- Subtract the standard deduction ($16,100 single, $32,200 married filing jointly, $24,150 head of household for 2026) to get federal taxable income.
- Apply the federal tax brackets (10%, 12%, 22%, and up) to taxable income.
- Add payroll and state taxes: Social Security is 6.2% and Medicare 1.45% of gross pay, plus your state income tax.
- Subtract all taxes and deductions from gross pay, then divide by 12.
Example: $60,000 salary, single, 4% state tax
- Federal taxable income: $60,000 − $16,100 standard deduction = $43,900
- Federal income tax: $5,020 a year
- Social Security: $3,720; Medicare: $870
- State income tax at 4%: $2,400
- Take-home pay: $60,000 − $12,010 = $47,990 a year, or $3,999 a month (vs. $5,000 gross)
Salary to net monthly income
Single filer, 2026 standard deduction, no pre-tax deductions.
| Yearly salary | Gross monthly | Net monthly (no state tax) | Net monthly (5% state tax) |
|---|---|---|---|
| $30,000 | $2,500 | $2,190 | $2,065 |
| $40,000 | $3,333 | $2,860 | $2,693 |
| $50,000 | $4,167 | $3,530 | $3,321 |
| $60,000 | $5,000 | $4,199 | $3,949 |
| $75,000 | $6,250 | $5,133 | $4,820 |
| $90,000 | $7,500 | $6,012 | $5,637 |
| $100,000 | $8,333 | $6,598 | $6,182 |
| $125,000 | $10,417 | $8,059 | $7,538 |
| $150,000 | $12,500 | $9,483 | $8,858 |
Hourly wage to take-home pay
40 hours a week, single filer, no state income tax, no pre-tax deductions.
| Hourly wage | Gross monthly | Net monthly | Net weekly |
|---|---|---|---|
| $15/hr | $2,600 | $2,271 | $524 |
| $18/hr | $3,120 | $2,689 | $620 |
| $20/hr | $3,467 | $2,967 | $685 |
| $22/hr | $3,813 | $3,246 | $749 |
| $25/hr | $4,333 | $3,664 | $845 |
| $30/hr | $5,200 | $4,360 | $1,006 |
| $35/hr | $6,067 | $5,004 | $1,155 |
| $40/hr | $6,933 | $5,613 | $1,295 |
| $50/hr | $8,667 | $6,833 | $1,577 |
Why lenders and landlords usually ask for gross
Take-home pay depends on choices like your 401(k) rate and health plan, so two people with the same salary can have very different net income. That's why landlords and lenders compare rent or debt to gross monthly income instead. See how your income looks to them with the rent affordability calculator and debt-to-income calculator. Your net figure is still the better guide to what you can comfortably pay each month.
Frequently asked questions
What is net monthly income?
Net monthly income is your take-home pay for a month: what is left after federal and state income tax, Social Security, Medicare, and deductions like 401(k) contributions and health insurance premiums. It is the amount that actually reaches your bank account.
What is the difference between net and gross monthly income?
Gross monthly income is what you earn before anything is taken out. Net monthly income is what is left after taxes and deductions. For most workers net income is roughly 70% to 85% of gross, depending on income, filing status, state, and benefit choices.
How do I calculate my net monthly income?
Start with your yearly gross pay. Subtract pre-tax deductions, then the standard deduction, and apply the federal tax brackets to get federal income tax. Subtract that, state income tax, Social Security (6.2%), and Medicare (1.45%) from gross pay, then divide what is left by 12.
Is net income after 401(k) contributions?
Yes. Take-home pay is after 401(k) contributions, health premiums, and other payroll deductions. Traditional 401(k) contributions are taken out before income tax, so each dollar you contribute lowers your take-home pay by less than a dollar.
What is the take-home pay on a $50,000 salary?
For a single filer using the 2026 standard deduction and no pre-tax deductions, a $50,000 salary is about $3,530 a month after federal income tax, Social Security, and Medicare in a state with no income tax, or about $3,363 a month with a 4% state income tax.
How do I convert biweekly net pay to monthly?
Multiply your biweekly take-home pay by 26 (the number of biweekly paychecks in a year), then divide by 12. A $1,500 net biweekly paycheck is $1,500 × 26 ÷ 12 = $3,250 a month. Doubling the paycheck undercounts, because two months a year have three paydays.
Do landlords use net or gross monthly income?
Most landlords and lenders use gross monthly income, such as the 3x rent rule or a debt-to-income ratio. Net monthly income is more useful for your own budget, because it is the money you actually have to spend.
Need to show your income to someone?
Connect your bank and get a report of your estimated monthly income from your deposits. Reports are as low as $5 each.
Get a proof of income reportFigures are estimates, not tax advice. They use 2026 federal brackets and the standard deduction, a flat state rate you enter, and Social Security and Medicare on gross pay. Pre-tax deductions lower federal and state taxable wages only. Local taxes, credits, itemized deductions, and your actual withholding are not included.