Hourly to Annual Salary Calculator
Not sure what your hourly wage translates to as an annual salary? This calculator converts any hourly rate into annual, monthly, biweekly, weekly, and daily gross figures. Adjust hours per week and weeks worked per year to reflect your actual schedule — including unpaid time off. Overtime at 1.5× over 40 hours/week is calculated automatically.
When to use this calculator
- Comparing a job offer's hourly rate to your current salaried position
- Estimating annual income for a loan or rental application
- Calculating how a part-time schedule affects your yearly earnings
- Figuring out total annual pay when you regularly work overtime
- Budgeting for a year when you plan to take unpaid weeks off
- Converting a contractor's hourly rate to an equivalent full-time salary
How it works
2 min readWhat is hourly to annual salary conversion?
Hourly to annual salary conversion multiplies your hourly rate by total hours worked yearly. At $20/hour working 40 hours weekly for 52 weeks, annual salary equals $41,600. This calculation accounts for variations in weekly hours and paid weeks to determine gross income before taxes and deductions.
How It Works
This calculator converts an hourly wage into equivalent salary figures across common pay periods.
Core Formula
Annual (no OT) = hourly_rate × hours_per_week × weeks_per_year
Annual (with OT, hours > 40) =
(regular_hours × hourly_rate + overtime_hours × hourly_rate × 1.5)
× weeks_per_year
Where:
regular_hours = min(hours_per_week, 40)
overtime_hours = max(hours_per_week - 40, 0)
Monthly = annual ÷ 12
Biweekly = annual ÷ 26
Weekly = annual ÷ 52 (or × weeks_per_year ÷ 52 adjusted)
Daily = weekly ÷ 5
Effective hourly = annual ÷ (hours_per_week × weeks_per_year)Worked Example
Assume: $18/hr, 45 hours/week, 50 weeks/year, with 1.5× overtime.
Pay Period Reference Table
| Period | Divisor / Multiplier |
|---|---|
| Annual | base |
| Monthly | ÷ 12 |
| Semi-monthly | ÷ 24 |
| Biweekly | ÷ 26 |
| Weekly | weeks_per_year used |
| Daily | weekly ÷ 5 |
Limitations & When NOT to Rely on This Alone
Frequently asked questions
What is the standard formula for hourly to annual salary?
The standard formula is: Annual = hourly rate × hours per week × 52. For a 40-hour workweek at $25/hr, that's $25 × 40 × 52 = $52,000/year. Adjust weeks worked if you take unpaid leave.
How does overtime affect my annual salary calculation?
Under the US FLSA, non-exempt employees earn 1.5× their regular rate for hours over 40 in a workweek. If you work 45 hours at $20/hr, your weekly pay is (40 × $20) + (5 × $30) = $950, not $900.
Should I use 52 weeks or account for vacation?
Use 52 if you are paid for all weeks (salary or paid PTO). Reduce weeks worked if you take unpaid time off. For example, 2 weeks of unpaid leave = 50 weeks. This lowers your annual total proportionally.
What is the difference between gross and net (take-home) pay?
Gross pay is your total earnings before deductions. Net pay (take-home) is after federal/state income tax, FICA taxes (7.65% employee share), health insurance premiums, and retirement contributions. This calculator shows gross only.
How is biweekly pay calculated from an annual salary?
Divide your annual gross by 26 (there are 26 biweekly pay periods in a year). Example: $52,000 ÷ 26 = $2,000 per biweekly paycheck. Note: some months have 3 biweekly paydays.
Is $15/hr a good annual salary in the US?
$15/hr at 40 hours/week, 52 weeks = $31,200/year gross. The 2025 federal poverty guideline for a single person is $15,650/year, so $31,200 is above that threshold, but purchasing power varies significantly by location.
How do I calculate my daily rate from an hourly wage?
Multiply your hourly rate by the number of hours in your workday. For an 8-hour day at $20/hr, daily rate = $160. This calculator assumes a 5-day workweek (weekly ÷ 5) for the daily output.
What does 'effective hourly rate' mean in the results?
The effective hourly rate is your total annual earnings divided by total hours worked (hours/week × weeks/year). When overtime is included, this figure exceeds your base rate because overtime hours are paid at 1.5×.
Does this calculator apply outside the US?
Yes — the core math applies globally. However, overtime rules, statutory leave entitlements, and tax rates differ by country. Enter your local hourly rate and actual hours/weeks. Tax deductions are not calculated regardless of country.
How many working hours are in a standard US year?
A standard full-time US work year is 2,080 hours (40 hours/week × 52 weeks). Accounting for 10 federal holidays, it drops to approximately 2,000 paid hours, though this varies by employer policy.