Hourly to Salary Calculator

Our Hourly to Salary Calculator is very easy to use for everyone. And gives immediate response to Hourly to Salary calculations.

Hourly rate $

Hours per week

Work days per week

Holidays per year

Vacation per year

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About Hourly to Salary

Salary and Hourly Wage Rationale: Salaried employees generally receive a fixed amount regardless of the number of hours worked (at normal rates), whereas employees are paid based on hours worked who are paid hourly
Accounting
Multiply hourly wage by weekly hours: (hourly wages) x (weekly hours) = total weekly billable hours
Adjust the payback period:
Yearly: Multiply the weekly pay by the number of weeks worked in a year (usually 52). Total weekly billable hours x 52 = annual payroll
Monthly: Divide annual payroll by 12 months.
Biweekly: Divide the yearly payroll by 26 pay periods (assume fortnightly pay).

Understanding Hourly to Salary Calculation

The conversion from hourly wages to annual wages is a simple math. Instead of an hourly rate, you get a fixed annual fee. To make this change, consider hourly rates, weekly work hours, and the number of weeks you have in a year.

Practical Examples

Here’s an example. Imagine you earn $20 per hour, work 40 hours a week, and plan to take two weeks of vacation. If you take 10 holidays a year, you’ll enter these values into the calculator. The tool will then give you an annual salary to calculate your vacation.

Average Annual Wages

Development of average annual wages 2000–2022 (US$ PPP)

Table

Country	2000	2010	2020	2022
Iceland *	57,008	54,268	71,687	79,473
Luxembourg *	64,217	71,085	74,839	78,310
United States *	61,132	67,263	77,567	77,463
Switzerland *	60,768	67,961	69,728	72,993
Belgium *	60,929	63,295	63,677	64,848
Denmark *	52,019	61,537	66,203	64,127
Austria *	57,529	62,831	64,648	63,802
Netherlands *	60,063	66,270	67,163	63,225
Australia *	48,213	55,536	60,377	59,408
Canada *	46,526	52,457	59,160	59,050
Germany *	51,344	52,912	60,309	58,940
United Kingdom *	44,967	52,455	53,612	53,985
Norway *	36,444	47,531	52,415	53,756
Ireland *	37,874	52,793	53,651	52,243
Finland *	43,073	49,911	51,092	51,836
New Zealand *	36,452	44,476	51,417	50,722
Sweden *	37,651	45,337	51,214	50,407
South Korea *	32,243	39,730	48,294	48,922
Slovenia *	33,203	42,846	48,605	47,204
Italy *	45,290	47,629	44,246	44,893
Israel *	37,782	34,993	42,130	44,156
Lithuania *	17,102	28,340	44,228	43,875
Spain *	43,029	46,538	43,828	42,859
Latvia *	34,407	22,140	39,199	34,136
Poland *	23,770	28,091	37,325	36,897
Estonia *	14,254	24,461	35,128	34,705
Czech Republic *	20,070	28,648	35,552	33,476
Turkey *		22,847	31,761
Chile *	20,515	27,871	31,369
Costa Rica *	18,160	21,062	31,341
Portugal *	30,975	31,589	31,300	31,922
Hungary *	17,969	24,005	27,588	28,475
Slovakia *	16,381	22,642	27,052	26,263
Greece *	29,797	35,454	27,747	25,979
Colombia *		19,800	24,681