Hourly to Salary Calculator
Find out your equivalent annual salary based on your hourly wage.
Enter Hourly Wage
Your Annual Salary
How to Calculate Annual Salary from Hourly Wage
Knowing your annual salary helps with budgeting for large expenses like a home or car. It also allows you to compare hourly contract offers against salaried full-time positions effectively.
The Basic Formula
Annual Salary = Hourly Rate × Hours Per Week × 52
Quick Conversion Chart (Full-Time / 40 Hours)
| Hourly Rate | Annual Salary | Monthly (Gross) | Bi-Weekly (Gross) |
|---|---|---|---|
| $15.00 | $31,200 | $2,600 | $1,200 |
| $20.00 | $41,600 | $3,467 | $1,600 |
| $25.00 | $52,000 | $4,333 | $2,000 |
| $30.00 | $62,400 | $5,200 | $2,400 |
| $40.00 | $83,200 | $6,933 | $3,200 |
| $50.00 | $104,000 | $8,667 | $4,000 |
Why "Gross" vs "Net" Matters
The numbers above are Gross Income (before taxes). If you earn $30/hour, your gross annual pay is $62,400. However, your Net Income (take-home pay) will be significantly lower after:
- Federal Income Tax (~7-12%)
- Social Security & Medicare (7.65%)
- State Income Tax (varies by state)
- Health Insurance Premiums
To see your actual paycheck, use our After-Tax Salary Calculator.
Common Mistakes to Avoid
- Assuming 4 weeks in a month: A common error is multiplying weekly pay by 4. There are actually 4.33 weeks in a month on average (52 / 12).
Wrong: $1,000/week × 4 = $4,000/month.
Right: $1,000/week × 4.33 = $4,333/month. - Forgetting Unpaid Holidays: If you are an hourly contractor, you likely don't get paid for holidays. There are about 10 federal holidays (80 hours). If you don't work them, subtract $2,400 from your annual total (at $30/hr).
Related Tools
- Salary to Hourly Converter - Reverse calculation.
- Overtime Calculator - Calculate time-and-a-half earnings.
- State Tax Calculators - See taxes in your specific state.
Frequently Asked Questions
Disclaimer
This calculator is for informational purposes only and should not be considered tax or legal advice. While we strive for accuracy, tax laws change frequently and individual circumstances vary. Please consult a qualified tax professional or financial advisor for your specific situation.