Hourly to Salary Calculator
Convert your hourly wage to annual, monthly, weekly, and daily pay — or convert a salary back to an hourly rate. Accounts for hours per week and paid weeks per year.
How to Convert Hourly Wage to Annual Salary
Converting between hourly and salary figures is one of the most practical financial calculations for employees and employers alike. Whether you are evaluating a job offer, comparing compensation packages, or calculating your true effective hourly rate from a salaried position, the conversion is straightforward — but involves important nuances about working hours, paid leave, and benefits.
The standard conversion assumes a full-time work schedule of 40 hours per week across 52 weeks, giving 2,080 working hours per year. This is the baseline used by most US employers for salaried compensation calculations.
Annual salary = Hourly rate × Hours per week × 52 weeks
Examples:
- $15/hour × 40 hours × 52 weeks = $31,200/year
- $25/hour × 40 hours × 52 weeks = $52,000/year
- $50/hour × 40 hours × 52 weeks = $104,000/year
- $75/hour × 40 hours × 52 weeks = $156,000/year
The Complete Hourly-to-Salary Reference Table
| Hourly rate | Annual (40hr/wk) | Monthly (gross) | Weekly | Biweekly |
|---|---|---|---|---|
| $10 | $20,800 | $1,733 | $400 | $800 |
| $12 | $24,960 | $2,080 | $480 | $960 |
| $15 | $31,200 | $2,600 | $600 | $1,200 |
| $17 | $35,360 | $2,947 | $680 | $1,360 |
| $20 | $41,600 | $3,467 | $800 | $1,600 |
| $25 | $52,000 | $4,333 | $1,000 | $2,000 |
| $30 | $62,400 | $5,200 | $1,200 | $2,400 |
| $35 | $72,800 | $6,067 | $1,400 | $2,800 |
| $40 | $83,200 | $6,933 | $1,600 | $3,200 |
| $50 | $104,000 | $8,667 | $2,000 | $4,000 |
| $60 | $124,800 | $10,400 | $2,400 | $4,800 |
| $75 | $156,000 | $13,000 | $3,000 | $6,000 |
| $100 | $208,000 | $17,333 | $4,000 | $8,000 |
Salary to Hourly: The Reverse Calculation
To find your effective hourly rate from an annual salary:
Hourly rate = Annual salary ÷ (Hours per week × 52)
| Annual salary | Effective hourly (40hr/wk) | Monthly gross |
|---|---|---|
| $30,000 | $14.42/hr | $2,500 |
| $40,000 | $19.23/hr | $3,333 |
| $50,000 | $24.04/hr | $4,167 |
| $60,000 | $28.85/hr | $5,000 |
| $75,000 | $36.06/hr | $6,250 |
| $100,000 | $48.08/hr | $8,333 |
| $120,000 | $57.69/hr | $10,000 |
| $150,000 | $72.12/hr | $12,500 |
Working Hours Per Year: Standard vs Actual
The 2,080-hour standard assumes you work every single week with no time off. In reality, most salaried employees receive paid vacation and holidays, which reduces the number of hours actually worked — but not the pay received. This makes salaried workers' effective hourly rate higher when accounting for paid leave:
| Vacation + holidays | Actual hours worked | Effective rate for $50,000 salary |
|---|---|---|
| 0 days (no leave) | 2,080 hours | $24.04/hr |
| 5 days vacation + 10 holidays | 1,960 hours | $25.51/hr |
| 10 days vacation + 10 holidays | 1,920 hours | $26.04/hr |
| 15 days vacation + 10 holidays | 1,880 hours | $26.60/hr |
| 20 days vacation + 10 holidays | 1,840 hours | $27.17/hr |
| 25 days vacation + 10 holidays | 1,800 hours | $27.78/hr |
This is why paid time off (PTO) has real dollar value. A salary with 25 days PTO is worth more per hour worked than the same salary with no PTO. When comparing job offers, always add the dollar value of PTO to the compensation package.
The True Value of Benefits: Beyond Base Pay
When comparing hourly contractor rates to salaried employment (or vice versa), the base wage is only part of the picture. Salaried positions typically include benefits that hourly workers must self-fund:
| Benefit | Typical employer value |
|---|---|
| Health insurance (employer contribution) | $6,000–$15,000/year |
| 401(k) employer match (typical 3–6%) | $1,500–$6,000/year on $50k salary |
| Paid time off (15 days at $50k) | ~$2,885 in paid non-working time |
| Life and disability insurance | $500–$2,000/year |
| Dental and vision | $500–$1,500/year |
| Professional development / education | $1,000–$5,000/year |
A salaried position paying $60,000 with full benefits could easily represent $75,000–$85,000 in total compensation. A self-employed contractor earning $45/hour ($93,600/year) must purchase all benefits themselves and pay both sides of Social Security and Medicare taxes (15.3% self-employment tax vs 7.65% for employees). The contractor needs to earn substantially more per hour to match the total compensation of a salaried employee.
Federal and State Minimum Wage: Where Does Your Rate Stand?
As of 2024, the US federal minimum wage is $7.25/hour ($15,080 annually). However, 30+ states and many cities have their own higher minimums. The trajectory has been upward, with many major metro areas at $15–$17/hour or higher.
| State/City (selected) | Minimum wage (2024) | Annual equivalent |
|---|---|---|
| Federal (US) | $7.25 | $15,080 |
| California | $16.00 | $33,280 |
| New York State | $16.00 | $33,280 |
| Washington State | $16.28 | $33,862 |
| Colorado | $14.42 | $29,994 |
| Florida | $13.00 | $27,040 |
| Texas | $7.25 (federal) | $15,080 |
Overtime Calculations
Under the Fair Labor Standards Act (FLSA), non-exempt employees must receive at least 1.5× their regular hourly rate for all hours worked beyond 40 in a workweek. Some states (notably California) require overtime for hours beyond 8 in a single day as well.
Overtime calculation: Regular hourly rate × 1.5 = overtime rate. At $20/hour regular rate, overtime = $30/hour. A week with 45 hours worked: 40 regular hours × $20 + 5 overtime hours × $30 = $800 + $150 = $950 gross.
If you are a freelancer or contractor trying to set your hourly rate, a useful rule of thumb is to take your desired salary equivalent, divide by 2,080, and then multiply by 1.5–2.0 to account for self-employment taxes, benefits, unpaid downtime, and business expenses. To match a $70,000 salaried position, target $50–$67/hour as a freelancer — the higher end if you have significant business costs or periods between contracts.
Frequently Asked Questions
How many working hours are in a year?
The standard is 2,080 hours (40 hours/week × 52 weeks). This is used by the US Bureau of Labor Statistics and most employers for full-time equivalent calculations. In practice, most employees work fewer hours than this because of paid vacation and holidays. The actual number of hours worked varies by individual: the average American full-time worker works approximately 1,800–1,900 hours annually after accounting for PTO.
How do I calculate monthly salary from annual?
Monthly salary = Annual salary ÷ 12. A $60,000 annual salary equals $5,000/month gross. Note that paychecks may be processed biweekly (every two weeks, 26 paychecks/year) or semi-monthly (twice a month, 24 paychecks/year), which slightly affects the per-paycheck amount but not the annual total. Biweekly: annual ÷ 26. Semi-monthly: annual ÷ 24.
What is the difference between gross and net pay?
Gross pay is your total compensation before deductions. Net pay (take-home pay) is what hits your bank account after federal income tax, state income tax, Social Security (6.2%), Medicare (1.45%), health insurance premiums, 401(k) contributions, and any other withholdings are deducted. For a $50,000 annual salary, a single filer might take home $38,000–$42,000 (76%–84% of gross) depending on state taxes and deductions.
How does part-time hourly work convert to annual income?
Use the same formula but with your actual weekly hours. A $20/hour worker working 25 hours/week earns $20 × 25 × 52 = $26,000/year. Note that part-time workers (typically defined as under 30–32 hours/week) often do not qualify for employer benefits like health insurance or 401(k) matching, which significantly affects the true value of the compensation package compared to a lower-paying full-time position with benefits.
How do I calculate overtime pay?
Under federal law (FLSA), overtime is 1.5× regular rate for hours above 40/week for non-exempt employees. Some states (California, Alaska, Nevada) also require overtime for hours above 8 in a single workday. Double time (2× rate) is required in some states for very long shifts. Salaried employees classified as "exempt" — typically managers and professionals earning above $684/week ($35,568/year) with duties-based tests — do not receive overtime under federal law, though some states have higher thresholds.