An hourly to salary calculator transforms your hourly pay rate into an equivalent annual salary. This tool shows your yearly earnings based on hours worked each week.
Additionally, it helps compare job offers with different pay structures. Consequently, you can make informed career decisions. Moreover, it's essential for budgeting and financial planning.
Remember, salary positions often include benefits. However, hourly jobs may offer overtime pay. Therefore, consider both aspects carefully.
Hourly employees earn pay for each hour worked. Alternatively, salaried workers receive fixed annual compensation. Importantly, both have distinct advantages.
Typically, hourly workers get overtime pay. However, salaried positions often include benefits. Therefore, converting between them helps evaluate total compensation packages.
Note: This calculator provides gross annual salary estimates before taxes and deductions. Actual take-home pay will be lower.
Our calculator uses this simple formula to convert your hourly wage to an annual salary:
For example, $25/hour at 40 hours/week equals $25 × 40 × 52 = $52,000/year. Furthermore, this calculation assumes full-time work.
Additionally, it doesn't account for holidays or vacation. However, it provides a reliable baseline. Consequently, you can plan your finances accordingly.
| Hourly Rate | 20 Hours/Week | 30 Hours/Week | 40 Hours/Week | 50 Hours/Week |
|---|---|---|---|---|
| $10.00 | $10,400 | $15,600 | $20,800 | $26,000 |
| $15.00 | $15,600 | $23,400 | $31,200 | $39,000 |
| $20.00 | $20,800 | $31,200 | $41,600 | $52,000 |
| $25.00 | $26,000 | $39,000 | $52,000 | $65,000 |
| $30.00 | $31,200 | $46,800 | $62,400 | $78,000 |
| $50.00 | $52,000 | $78,000 | $104,000 | $130,000 |
Hourly workers earn per hour worked, often with overtime. Salaried employees get fixed annual pay. Importantly, salaried positions typically include benefits. However, hourly workers may earn more with overtime.
No, this shows gross annual salary before deductions. Taxes vary by location and situation. Therefore, your take-home pay will be lower. Always consult a tax professional.
It's accurate for basic conversions. However, it doesn't include bonuses or deductions. Also, it assumes 52 work weeks annually. For precise figures, consult a financial advisor.
Only include your base hourly rate. Overtime calculations differ significantly. If you regularly work overtime, consider that separately. Our table shows overtime scenarios.
Simply enter your actual hours worked weekly. The calculator adjusts automatically. For instance, 20 hours/week at $20/hour = $20,800/year. Remember to use accurate weekly hours.