Annual Salary Calculator
Hourly to Salary Calculator
Easily convert your hourly wage to yearly, monthly, and weekly earnings
Hourly Rate to Salary Comparison
| Hourly Pay | Annual Salary | Monthly Pay | Weekly Pay |
|---|---|---|---|
| $10 per hour | $20,800 | $1,733.33 | $400 |
| $12 per hour | $24,960 | $2,080.00 | $480 |
| $15 per hour | $31,200 | $2,600.00 | $600 |
| $18 per hour | $37,440 | $3,120.00 | $720 |
| $20 per hour | $41,600 | $3,466.67 | $800 |
| $25 per hour | $52,000 | $4,333.33 | $1,000 |
| $30 per hour | $62,400 | $5,200.00 | $1,200 |
| $35 per hour | $72,800 | $6,066.67 | $1,400 |
| $40 per hour | $83,200 | $6,933.33 | $1,600 |
| $50 per hour | $104,000 | $8,666.67 | $2,000 |
Frequently Asked Questions
To calculate your annual salary from your hourly wage, use this formula:
Annual salary = Hourly wage × Hours per week × Weeks per year
For example, if you earn $15 per hour, work 40 hours per week, and work 52 weeks per year:
$15 × 40 × 52 = $31,200 per year
The standard full-time work schedule in the United States is:
- 40 hours per week (typically 8 hours per day, 5 days a week)
- 52 weeks per year for a full year of employment
However, if you receive unpaid time off, you should adjust your weeks accordingly. For example, if you take two weeks of unpaid vacation, you would calculate based on 50 weeks instead of 52.
To convert your annual salary to an hourly wage, use this formula:
Hourly wage = Annual salary ÷ (Hours per week × Weeks per year)
For example, if you earn $50,000 per year, work 40 hours per week, and work 52 weeks per year:
$50,000 ÷ (40 × 52) = $50,000 ÷ 2,080 = $24.04 per hour
The median weekly pay for a full-time worker in the United States is approximately $1,192, which equates to about $61,984 per year (based on 52 weeks).
There are notable gender differences in median earnings:
- Men: $1,302 per week (approximately $67,704 annually)
- Women: $1,083 per week (approximately $56,316 annually), which is 83.2% of men's median earnings
Salaries vary significantly based on factors such as occupation, geographic location, industry, education level, and experience.
Overtime pay is typically calculated as follows:
- Determine your regular hourly rate
- Apply the overtime multiplier (typically 1.5x for time and a half, or 2x for double time)
- Multiply by the number of overtime hours worked
Overtime pay = Regular hourly rate × Overtime multiplier × Overtime hours
For example, if your regular rate is $20 per hour and you work 5 overtime hours at time and a half:
Overtime pay = $20 × 1.5 × 5 = $150
Your total weekly pay would be your regular pay plus overtime pay:
$20 × 40 + $150 = $800 + $150 = $950
All salary calculations in this tool are pre-tax (gross income). Your actual take-home pay (net income) will be lower due to various deductions:
- Federal income tax (varies based on income bracket)
- State income tax (varies by state, some have no state income tax)
- FICA taxes (7.65% for Social Security and Medicare combined)
- 401(k) or retirement contributions (if applicable)
- Health insurance premiums (if applicable)
- Other deductions such as FSA contributions, disability insurance, etc.
As a general rule of thumb, you can estimate that your take-home pay will be roughly 70-80% of your gross salary, though this varies widely based on your specific situation and location.
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