Hourly to Salary Calculator
Quick fact: To convert hourly wage to annual salary, multiply by 2,080 (40 hours/week × 52 weeks). This calculator also shows daily, weekly, biweekly, and monthly breakdowns.
Frequently Asked Questions
How do I convert hourly wage to annual salary?
Multiply your hourly rate by 2,080 (40 hours/week × 52 weeks/year). For example, $25/hour × 2,080 = $52,000 per year.
Is $30 an hour good?
$30/hour equals $62,400 annually (40h/wk, 52 wk/yr). The 2024 US median individual wage was approximately $60,000, so $30/hour is roughly at the national median for individual earners.
How much is $20 an hour annually?
$20/hour × 2,080 hours = $41,600 per year before taxes. Monthly, that’s approximately $3,466.67.
How do I account for overtime?
Overtime is typically paid at 1.5× your hourly rate after 40 hours/week. For example, if you earn $25/hr and work 50 hours/week: (40 × $25) + (10 × $37.50) = $1,375/week, or $71,500/year.
How to Convert Hourly Wage to Annual Salary
- Calculate total work hours per year. Standard: 40 hours/week × 52 weeks = 2,080 hours.
- Multiply your hourly rate by total hours: annual = hourly × 2,080
- Review the breakdown: Check daily, weekly, biweekly, and monthly equivalents.
Example: $30/hour × 2,080 hours = $62,400 per year
Hourly to Salary Formula
With the standard 40-hour work week and 52 weeks per year:
Hourly to Salary Conversion Table
Quick reference for common hourly wages (40 hours/week, 52 weeks/year):
| Hourly | Daily (8h) | Weekly | Monthly | Annual |
|---|---|---|---|---|
| $10.00 | $80.00 | $400.00 | $1,733.33 | $20,800 |
| $12.00 | $96.00 | $480.00 | $2,080.00 | $24,960 |
| $15.00 | $120.00 | $600.00 | $2,600.00 | $31,200 |
| $18.00 | $144.00 | $720.00 | $3,120.00 | $37,440 |
| $20.00 | $160.00 | $800.00 | $3,466.67 | $41,600 |
| $22.00 | $176.00 | $880.00 | $3,813.33 | $45,760 |
| $25.00 | $200.00 | $1,000.00 | $4,333.33 | $52,000 |
| $28.00 | $224.00 | $1,120.00 | $4,853.33 | $58,240 |
| $30.00 | $240.00 | $1,200.00 | $5,200.00 | $62,400 |
| $35.00 | $280.00 | $1,400.00 | $6,066.67 | $72,800 |
| $40.00 | $320.00 | $1,600.00 | $6,933.33 | $83,200 |
| $45.00 | $360.00 | $1,800.00 | $7,800.00 | $93,600 |
| $50.00 | $400.00 | $2,000.00 | $8,666.67 | $104,000 |
| $60.00 | $480.00 | $2,400.00 | $10,400.00 | $124,800 |
| $75.00 | $600.00 | $3,000.00 | $13,000.00 | $156,000 |
| $100.00 | $800.00 | $4,000.00 | $17,333.33 | $208,000 |
Your Effective Hourly Rate: More Than Just Wages
If you’re comparing a salaried position to an hourly one, remember that salary often includes benefits worth 20–30% extra:
- Health insurance: Employer-sponsored plans can be worth $5,000–$15,000/year
- Retirement matching: 401(k) matches add 3–6% of salary
- Paid time off: 2–4 weeks PTO = $2,000–$8,000 in paid leave
- Other benefits: Life insurance, disability, education reimbursement
A $50,000 salary with full benefits may be equivalent to $30–$32/hour in total compensation, not just the $24.04 base rate.
Common Hourly to Salary Conversions
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Calculations based on the standard US work year: 40 hours/week × 52 weeks = 2,080 hours/year. Results are gross (before-tax) estimates. Actual take-home pay depends on applicable taxes and deductions.