# Hourly to Salary Calculator

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## How to calculate your annual salary

**
To calculate 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.
**

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 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.

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 to annual salary

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 |

## $17 per hour is how much per year?

If you earn $17 per hour, your yearly pre-tax salary will equate to $35,360, your monthly pre-tax salary will be $2,946.67 and your weekly pay will be $680. These figures are based on a 40-hour week for 52 weeks of the year, with no overtime.

Hourly | Weekly | Monthly | Yearly |
---|---|---|---|

$17 | $680 | $2,946.67 | $35,360 |

## $18 per hour is how much per year?

If you're paid an hourly wage of $18 per hour, your annual salary will equate to $37,440, your monthly salary will be $3,120 and your weekly pay will be $720. These figures are pre-tax and based on working 40 hours per week for 52 weeks of the year, with no overtime.

Hourly | Weekly | Monthly | Yearly |
---|---|---|---|

$18 | $720 | $3,120 | $37,440 |

## What is the US median salary?

**The median - or middle - weekly pay for a full time US worker is currently $1,037**. This works out at $53,924 per year, based upon 52 weeks. There is still much gender inequality in earnings, however. Whilst men have median earnings of $1128, women have median weekly earnings of $939 (83.2% 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 - or middle - weekly pay for a full time worker in the UK is currently £602**.
This works out at £31,285 per year, based upon 52 weeks. ^{2}

## Saving towards a goal

If you're calculating your yearly salary as part of a financial planning process to save towards a goal, you can use our interest calculator tool to see how your savings might increase over time with the help of regular saving and compound interest.

Calculator by Alastair Hazell. Reviewed by Chris Hindle. Last updated: July 26, 2022