Yearly Wage Calculator
Enter your hourly rate (or any other pay period) and adjust hours per week, weeks per year, and optional overtime to get your full annual wage. The results panel shows every standard pay period: annual, quarterly, monthly, biweekly, semi-monthly, weekly, daily, and hourly. A full worked breakdown and reference chart are included.
How to convert hourly pay to an annual salary
The core formula is: Annual salary = Hourly rate x Hours per week x Weeks per year. A standard full-time employee in the US works 40 hours per week for 52 weeks, giving 2,080 paid hours per year. At $25/hour that is $25 x 2,080 = $52,000 per year. If you work fewer weeks (seasonal jobs, unpaid leave) or more or fewer hours, adjust those inputs and the result changes proportionally. The calculator also handles daily, weekly, biweekly, semi-monthly, and monthly starting points, converting any of them up to an annual figure and then back down to all other periods.
Overtime and double-time calculations
Overtime pay adds a multiplier to the base hourly rate for hours above a threshold. US federal law under the Fair Labor Standards Act requires at least 1.5x (time-and-a-half) for hours over 40 per week for non-exempt employees. Many industries and union contracts pay 2x (double-time) for holidays, split shifts, or extreme overtime. This calculator lets you enter regular overtime hours (with a custom multiplier, default 1.5) and double-time hours separately. The overtime annual field shows exactly how much of your total pay comes from these premium hours, which is useful when comparing offers that differ in expected overtime.
Pay period equivalents: annual, monthly, biweekly, and beyond
Different employers use different pay schedules. Knowing your equivalent in each period lets you compare offers fairly and plan a budget. The standard conversions are: Monthly = Annual / 12; Biweekly = Annual / 26 (26 pay periods); Semi-monthly = Annual / 24 (24 pay periods); Weekly = Annual / 52 (or your weeks per year); Daily = Weekly / days per week; Hourly = Annual / total hours worked. Note that biweekly and semi-monthly are not the same: biweekly yields 26 cheques per year while semi-monthly yields 24. Over a year biweekly pays slightly more per cheque but the same annual total.
Effective hourly rate and negotiating compensation
When comparing jobs, the effective hourly rate (annual total divided by all hours worked, including overtime) tells you what each hour of your time is actually worth across the whole year. A job offering a slightly lower hourly rate but far fewer overtime expectations may yield a lower annual total but a better effective rate per hour. Similarly, if your current wage is below $62,000 per year (the approximate US median individual wage), even a $1-$2 raise per hour compounds to thousands annually: a $1/hr increase on a standard schedule adds $2,080 to annual pay.
Quick hourly-to-annual reference (40 hrs/wk, 52 wks/yr)
| Hourly rate | Weekly | Monthly | Annual |
|---|---|---|---|
| $10 | $400 | $1,733 | $20,800 |
| $12 | $480 | $2,080 | $24,960 |
| $15 | $600 | $2,600 | $31,200 |
| $17 | $680 | $2,947 | $35,360 |
| $18 | $720 | $3,120 | $37,440 |
| $20 | $800 | $3,467 | $41,600 |
| $22 | $880 | $3,813 | $45,760 |
| $25 | $1,000 | $4,333 | $52,000 |
| $30 | $1,200 | $5,200 | $62,400 |
| $35 | $1,400 | $6,067 | $72,800 |
| $40 | $1,600 | $6,933 | $83,200 |
| $45 | $1,800 | $7,800 | $93,600 |
| $50 | $2,000 | $8,667 | $104,000 |
| $60 | $2,400 | $10,400 | $124,800 |
| $75 | $3,000 | $13,000 | $156,000 |
| $100 | $4,000 | $17,333 | $208,000 |
Standard annual equivalents for common US hourly rates based on a 2,080-hour work year. All figures are gross (pre-tax).
Frequently asked questions
What is the formula to convert hourly to yearly salary?
Multiply your hourly rate by the number of hours you work per week, then multiply that by the number of weeks you work per year. For example, $25/hr x 40 hrs/wk x 52 wks = $52,000/year. If you work part-year or non-standard hours, adjust those numbers accordingly.
How many hours are in a standard work year?
A standard full-time work year in the US contains 2,080 hours (40 hours per week x 52 weeks). Some employers use 2,087 hours (the exact average, accounting for leap years) for pay-rate calculations, but 2,080 is the most common figure used for job comparisons and salary benchmarking.
How is biweekly different from semi-monthly pay?
Biweekly means you are paid every two weeks, resulting in 26 pay periods per year. Semi-monthly means you are paid twice per month on fixed dates (e.g. the 1st and 15th), giving 24 pay periods per year. Annual totals are the same, but individual paycheques differ slightly: biweekly cheques are smaller (annual / 26) while semi-monthly cheques are slightly larger (annual / 24).
What is the US federal overtime rule?
Under the Fair Labor Standards Act (FLSA), most non-exempt employees in the US must be paid at least 1.5x their regular rate for all hours worked beyond 40 in a single workweek. Certain workers are exempt (executive, administrative, professional roles meeting a salary threshold). State laws may set stricter requirements, such as daily overtime in California for hours beyond 8 per day.
How do I calculate my equivalent annual salary from a monthly rate?
Multiply your monthly gross pay by 12. For example, $4,333/month x 12 = $52,000/year. To then get your implied hourly rate, divide the annual figure by the total hours you work per year (usually 2,080 for full-time).
Should I include overtime when comparing job offers?
Yes, but with caution. If overtime is guaranteed or contractual, include it in your comparison. If it is optional or irregular, compare base annual pay first. The effective hourly rate (annual total / total hours) is a useful single number for comparing offers with different overtime expectations.
What is the difference between gross and net (take-home) pay?
Gross pay is your total earnings before any deductions. Net (take-home) pay is what you actually receive after federal and state income taxes, Social Security (6.2%), Medicare (1.45%), health-insurance premiums, 401(k) contributions, and any other withholdings are subtracted. This calculator computes gross pay. Use a paycheck or tax calculator to estimate your net income.