Hourly to Salary Calculator
Creator: Alastair Hazell.
Reviewed: Chris Hindle, Chartered ALIBF.
- Hourly to Salary
- Salary to Hourly
- Time and a Half
- Overtime
Use this tool to convert your hourly wage to an annual salary and find out what you're earning per year, month and week.
Disclaimer: Whilst every effort has been made in building our calculator tools, we are not to be held liable for any damages or monetary losses arising out of or in connection with their use. Full disclaimer.
You can use our calculator above to work out your equivalent annual salary figure (and monthly pay) from your hourly pay rate. Below we discuss how to do a manual calculation and show you common hourly pay rates and their equivalent salaries. We also reveal what the current median salaries are in the US and UK.
How to calculate your annual salary
To calculate your annual salary, take your hourly rate figure and multiply it by the number of paid hours you work per week and then by the number of paid weeks you work per year.
Formula for this calculation
Annual salary = hourly wage × hours per week × weeks per year
For guidance, a standard working week for a full-time employee is around 40 hours. Note that if you take two weeks of unpaid leave per year, your number of weeks will be 50, rather than 52.
Example calculation
Let's go through an example. If you make $15 per hour and are paid for working 40 hours per week for 52 weeks per year, your annual salary (pre-tax) will be 15 × 40 × 52 = $31,200.
Using this formula, we can calculate the following annual incomes from basic hourly pay. It's important to remember that these figures are pre-tax and deductions.
Hourly rate to annual salary
In these calculations, the annual salary is based upon 52 weeks and the weekly pay is based upon 40 working hours per week, with no overtime pay included.
| Hourly pay | Weekly pay | Monthly pay | Annual salary |
|---|---|---|---|
| $10 | $400 | $1,733.33 | $20,800 |
| $11 | $440 | $1,906.67 | $22,880 |
| $12 | $480 | $2,080.00 | $24,960 |
| $13 | $520 | $2,253.33 | $27,040 |
| $14 | $560 | $2,426.67 | $29,120 |
| $15 | $600 | $2,600.00 | $31,200 |
| $16 | $640 | $2,773.33 | $33,280 |
| $17 | $680 | $2,946.67 | $35,360 |
| $18 | $720 | $3,120.00 | $37,440 |
| $19 | $760 | $3,293.33 | $39,520 |
| $20 | $800 | $3,466.67 | $41,600 |
| $21 | $840 | $3,640.00 | $43,680 |
| $22 | $880 | $3,813.33 | $45,760 |
| $23 | $920 | $3,986.67 | $47,840 |
| $24 | $960 | $4,160.00 | $49,920 |
| $25 | $1,000 | $4,333.33 | $52,000 |
| $26 | $1,040 | $4,506.67 | $54,080 |
| $27 | $1,080 | $4,680.00 | $56,160 |
| $28 | $1,120 | $4,853.33 | $58,240 |
| $29 | $1,160 | $5,026.67 | $60,320 |
| $30 | $1,200 | $5,200.00 | $62,400 |
What is the US median salary?
The median weekly pay for a full time US worker is currently $1,251. This works out at $65,052 per year, based on 52 weeks (an hourly rate of about $31, based on a 40-hour week).
There is still much gender inequality in earnings, however. Whilst men have median earnings of $1,380, women have median weekly earnings of $1,131 (82% of the figure for men). Salaries vary greatly by occupation and state, as well as other factors. 1
What is the UK median salary?
The median weekly pay for a full time worker in the UK is currently £751. This works out at £39,039 per year, based on 52 weeks. 2
Summary
Your annual salary can be calculated by multiplying your hourly rate by the number of hours you work each week and then again by the number of weeks you work each year. This is commonly either 52 or 50 weeks, depending on whether you take unpaid leave. Note that your calculated salary figure will be pre-taxation and deductions.
As an alternative to the above, if you know your annual salary figure and want to work out your hourly wage, you can use our salary to hourly calculator to convert in the opposite direction.
Finally, if you believe you may be overdue a salary rise, you can calculate a pay increase here and see how it might impact your monthly and yearly earnings.
Calculator references
- Usual weekly earnings of wage and salary workers. Bureau of Labor Statistics. USA.
- Earnings and hours worked, place of residence by local authority. Office for National Statistics (UK).