How to convert hourly pay to a salary
Multiply your hourly rate by the hours you are paid for in a week, then by the weeks you are paid for in a year:
Annual salary = hourly rate × hours a week × paid weeks a year
At $25.00 an hour, 40 hours a week for 52 weeks is $25.00 × 2,080 hours = $52,000 a year, or $4,333.33 a month. A quick estimate is to double the hourly rate and add three zeros ($25.00 → about $50,000); that uses 2,000 hours, so it runs a little under the full-time figure of 2,080.
How to convert a salary to an hourly rate
Divide the annual salary by the hours you are paid for in a year. For a full-time schedule that is 2,080 hours: $60,000 ÷ 2,080 = $28.85 an hour, $1,153.85 a week and $2,307.69 every two weeks.
A salaried job's hourly rate is only an equivalent: it is useful for comparing job offers or an hourly job with a salaried one, but a salaried employee who works more than 40 hours a week earns less per hour than this figure unless they are paid overtime.
Hourly wages as annual salaries
Full time: 40 hours a week, 52 paid weeks, no overtime. Enter your own hours above if they differ.
Common hourly wages per year, month, two weeks and week
| Hourly | Per year | Per month | Every two weeks | Per week |
|---|---|---|---|---|
| $15.00 | $31,200 | $2,600 | $1,200 | $600 |
| $16.00 | $33,280 | $2,773 | $1,280 | $640 |
| $17.00 | $35,360 | $2,947 | $1,360 | $680 |
| $18.00 | $37,440 | $3,120 | $1,440 | $720 |
| $20.00 | $41,600 | $3,467 | $1,600 | $800 |
| $22.00 | $45,760 | $3,813 | $1,760 | $880 |
| $25.00 | $52,000 | $4,333 | $2,000 | $1,000 |
| $28.00 | $58,240 | $4,853 | $2,240 | $1,120 |
| $30.00 | $62,400 | $5,200 | $2,400 | $1,200 |
| $35.00 | $72,800 | $6,067 | $2,800 | $1,400 |
| $40.00 | $83,200 | $6,933 | $3,200 | $1,600 |
| $45.00 | $93,600 | $7,800 | $3,600 | $1,800 |
| $50.00 | $104,000 | $8,667 | $4,000 | $2,000 |
| $60.00 | $124,800 | $10,400 | $4,800 | $2,400 |
| $75.00 | $156,000 | $13,000 | $6,000 | $3,000 |
Annual salaries as hourly wages
Common salaries per hour, week and month (2,080 hours a year)
| Salary | Per hour | Per week | Per month |
|---|---|---|---|
| $30,000 | $14.42 | $577 | $2,500 |
| $40,000 | $19.23 | $769 | $3,333 |
| $45,000 | $21.63 | $865 | $3,750 |
| $50,000 | $24.04 | $962 | $4,167 |
| $55,000 | $26.44 | $1,058 | $4,583 |
| $60,000 | $28.85 | $1,154 | $5,000 |
| $65,000 | $31.25 | $1,250 | $5,417 |
| $70,000 | $33.65 | $1,346 | $5,833 |
| $75,000 | $36.06 | $1,442 | $6,250 |
| $80,000 | $38.46 | $1,538 | $6,667 |
| $90,000 | $43.27 | $1,731 | $7,500 |
| $100,000 | $48.08 | $1,923 | $8,333 |
| $120,000 | $57.69 | $2,308 | $10,000 |
| $150,000 | $72.12 | $2,885 | $12,500 |
| $200,000 | $96.15 | $3,846 | $16,667 |
Unpaid and paid time off
Unpaid time off lowers your pay. If you are paid by the hour and take two weeks off unpaid, you are paid for 50 weeks: $25.00 × 40 × 50 = $50,000 a year instead of $52,000. Set “Paid weeks a year” to 50.
Paid time off does not lower your pay, but it raises what you earn per hour worked. A $60,000 salary with 15 vacation days and 10 paid holidays is paid for 2,080 hours but worked for 1,880, so it is $31.91 per hour actually worked, against $28.85 on paper. Enter paid days off to see this figure; it helps when comparing a job with more paid leave to one with less.
Overtime
Under the federal Fair Labor Standards Act, covered non-exempt employees must be paid at least one and a half times their regular rate for hours over 40 in a workweek (U.S. Department of Labor: overtime pay). At $20.00 an hour, 5 overtime hours every week add $7,800 a year: $49,400 instead of $41,600. Enter your usual overtime hours and rate above; if your overtime varies, use an average.
If you enter a salary together with overtime hours, the hourly result is the regular rate that, with overtime paid at your multiple, adds up to that salary.
Biweekly, semimonthly and monthly pay
- Biweekly: every two weeks, 26 paychecks a year. $52,000 a year is $2,000.00 a paycheck.
- Semimonthly: twice a month, 24 paychecks a year, so each is larger: $2,166.67.
- Monthly: a year's pay ÷ 12 = $4,333.33. A month is about 4.33 weeks, not 4, so multiplying weekly pay by 4 understates it ($4,000.00 against $4,333.33).
Some calendar years have 27 biweekly paydays instead of 26; this calculator uses 26.
Assumptions and limits
- All figures are gross pay, before federal and state income tax, Social Security and Medicare, and deductions such as health insurance or retirement contributions. Take-home pay is lower.
- Hours, overtime and paid weeks are the same every week you work. Irregular schedules are best entered as averages.
- Daily overtime rules that some states add, shift differentials, tips, bonuses and commissions are not included.
- Whether you are owed overtime depends on your job and your state; this is not legal or tax advice.
Methodology and testing
Annual pay = hourly rate × (regular hours + overtime hours × overtime rate) × paid weeks. Biweekly, semimonthly and monthly pay are annual pay ÷ 26, 24 and 12; a salary entered per paycheck is multiplied back the same way. Automated tests check hand-worked examples, round trips from every pay period to every other, paid days off and overtime. How we build and test calculators.
Sources
- Overtime Pay, U.S. Department of Labor, Wage and Hour Division. Under the Fair Labor Standards Act, covered non-exempt employees must receive overtime pay of at least one and one-half times the regular rate for hours worked over 40 in a workweek.
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