Hourly to Salary Calculator
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How to calculate annual salary from hourly rate
To determine your annual salary, take your hourly wage 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.
Yearly 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 annual salary calculation
As 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. On a side-note, if you want to work out your hours and earnings for a given week, give the time card calculator a try.
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.
| Hourly pay | Weekly pay (40 hrs) | Monthly pay (avg) | Annual salary (52 weeks) |
|---|---|---|---|
| $10 per hour | $400 | $1,733.33 | $20,800 |
| $11 per hour | $440 | $1,906.67 | $22,880 |
| $12 per hour | $480 | $2,080.00 | $24,960 |
| $13 per hour | $520 | $2,253.33 | $27,040 |
| $14 per hour | $560 | $2,426.67 | $29,120 |
| $15 per hour | $600 | $2,600.00 | $31,200 |
| $16 per hour | $640 | $2,773.33 | $33,280 |
| $17 per hour | $680 | $2,946.67 | $35,360 |
| $18 per hour | $720 | $3,120.00 | $37,440 |
| $19 per hour | $760 | $3,293.33 | $39,520 |
| $20 per hour | $800 | $3,466.67 | $41,600 |
| $21 per hour | $840 | $3,640.00 | $43,680 |
| $22 per hour | $880 | $3,813.33 | $45,760 |
| $23 per hour | $920 | $3,986.67 | $47,840 |
| $24 per hour | $960 | $4,160.00 | $49,920 |
| $25 per hour | $1,000 | $4,333.33 | $52,000 |
| $26 per hour | $1,040 | $4,506.67 | $54,080 |
| $27 per hour | $1,080 | $4,680.00 | $56,160 |
| $28 per hour | $1,120 | $4,853.33 | $58,240 |
| $29 per hour | $1,160 | $5,026.67 | $60,320 |
| $30 per hour | $1,200 | $5,200.00 | $62,400 |
What is the US median salary?
The median - or middle - weekly pay for a US worker in 2021 is $989. This works out at $51,428 per year based upon 52 weeks (Bureau of Labor Statistics). There is still much gender inequality in earnings, however. Whilst men have median earnings of $1089, women have median weekly earnings of $900 (82.6% of the figure for men). And it goes without saying that salaries vary greatly by occupation and state, as well as other factors.
Saving towards a goal
If you're calculating your yearly salary as part of a financial planning process in order to save towards a goal, you can use our compound interest calculator to see how your savings might increase over time with the help of interest.
