Finance
Hourly to Annual Salary Calculator
Convert your hourly wage to annual salary and see the equivalent daily, weekly, bi-weekly, and monthly earnings.
Annual Salary
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Monthly
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Bi-Weekly
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Weekly
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Daily (5-day week)
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Hourly to Annual Salary Formula
Annual Salary
Annual = Hourly Rate × Hours per Week × Weeks per Year
Common Hourly Rates and Annual Equivalents
| Hourly Rate | Annual (40 hrs × 52 wks) | Monthly |
|---|---|---|
| $15 | $31,200 | $2,600 |
| $20 | $41,600 | $3,467 |
| $25 | $52,000 | $4,333 |
| $30 | $62,400 | $5,200 |
| $40 | $83,200 | $6,933 |
| $50 | $104,000 | $8,667 |
Frequently asked questions
How do I convert hourly wage to annual salary?
Annual Salary = Hourly Rate × Hours per Week × Weeks per Year. For a standard full-time worker earning $25/hour working 40 hours/week for 52 weeks: $25 × 40 × 52 = $52,000 per year.
How much is $20 an hour annually?
$20 per hour at a standard full-time schedule (40 hours/week, 52 weeks/year) equals $41,600 annually. This is before taxes and deductions.
How much is $15 an hour annually?
$15 per hour at full-time (40 hours × 52 weeks) equals $31,200 per year gross. Monthly that's roughly $2,600, and bi-weekly (26 pay periods) it's approximately $1,200.
What does hourly rate mean net vs gross?
Hourly rate conversions give you gross (before tax) earnings. Your take-home (net) pay depends on tax filing status, deductions, and the applicable federal and state income tax rates. Gross is what you earn; net is what you keep after taxes.
How many working weeks are in a year?
A standard full-time year uses 52 weeks. However, if you account for 2 weeks of unpaid vacation, you'd use 50 working weeks. The calculator lets you set any value — adjust weeks per year to match your actual schedule.