Overtime vs Second Job Calculator
Compare the net income from working overtime at your current job versus taking on a second job. Factor in tax rates, commute costs, and time to find the better option.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Better Option
Overtime
Inputs
Comparison
Overtime Weekly Net
$281.25
Second Job Weekly Net
$174.38
Overtime Monthly Net
$1,217.81
Second Job Monthly Net
$755.04
Annual Difference
$5,553.23
Net Income Comparison
How to Use This Calculator
- Enter your current hourly rate and the overtime rate (typically 1.5x your base rate).
- Set the number of overtime hours per week you could work.
- Enter the second job's hourly rate, hours per week, and estimated weekly commute cost.
- Input your combined marginal tax rate so both options are compared on an after-tax basis.
- Review Overtime vs Second Job weekly and monthly net to determine which earns more for your time.
What each input means
- Current Hourly Rate
- Your regular hourly pay at your primary job.
- Overtime Multiplier
- Overtime pay multiplier (1.5x is standard time-and-a-half).
- Overtime Hours/Week
- Number of overtime hours available each week.
- Second Job Hourly Rate
- Hourly pay at the second job.
- Second Job Hours/Week
- Hours per week at the second job.
- Second Job Daily Commute Cost
- Daily transportation cost to the second job.
- Tax Rate
- Combined federal and state marginal tax rate.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersCurrent Hourly Rate = 25, Overtime Multiplier = 1.5, Overtime Hours/Week = 10, Second Job Hourly Rate = 18 = 7 input(s) provided
- Calculate Better OptionBetter OptionOvertime = Overtime
- Calculate Overtime Weekly NetOvertime Weekly Net281.25 = $281.25
- Calculate Second Job Weekly NetSecond Job Weekly Net174.38 = $174.38
Engine last updated . Checked against 1 independently-derived test — how we verify calculators.
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