Hourly to Salary Calculator

Are you comparing job offers or planning your budget? Our free Hourly to Salary Calculator instantly converts your wage to annual income. Just enter your hourly rate and weekly hours to see your yearly, monthly, and weekly earnings, no tricky math needed. Take control of your financial planning today!

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Yearly salary:$0.00
Monthly salary:$0.00
Weekly salary:$0.00
Daily salary:$0.00

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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 × 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.

Hourly to Salary Calculator

Hourly to Salary Calculation: Formulas & Examples

Convert your hourly wage to an annual, monthly, or weekly salary with these simple formulas and real-world examples.
1. Hourly to Salary Formulas
A. Annual Salary Calculation
Annual Salary = Hourly Rate × Hours per Week × Weeks per Year
Standard full-time: 40 hours/week × 52 weeks
B. Monthly Salary

Monthly Salary = 
Annual Salary
12

C. Weekly Salary
Weekly Salary = Hourly Rate × Hours per Week
2. Calculation Examples
Example 1: Full-Time Employee (40 hrs/week)
Hourly Rate: $25
Hours/Week: 40
Weeks/Year: 52
Annual Salary:
25 × 40 × 52 = $52,000
Monthly Salary:

52,000
12
 = $4,333

Weekly Salary:
25 × 40 = $1,000
Example 2: Part-Time Employee (25 hrs/week)
Hourly Rate: $18
Hours/Week: 25
Weeks/Year: 52
Annual Salary:
18 × 25 × 52 = $23,400
Monthly Salary:

23,400
12
 = $1,950

Example 3: Contractor (Irregular Hours)

Hourly Rate: $30
Hours/Week: Varies (avg. 30 hrs/week)
Weeks Worked/Year: 48 (accounts for time off)
Annual Salary:
30 ×30 × 48 = $43,200
3. Adjustments for Overtime
For overtime (1.5x hourly rate after 40 hrs/week):
Overtime Pay = (Hours Over 40) × (Hourly Rate × 1.5)
Example:
Total Hours: 45
Base Pay: 40 × $20 = $800
Overtime Pay: 5 × $30 = $150
Weekly Pay: $950

Average Annual Wages

Development of average annual wages 2000-2023 (US$ PPP)

Country 2024 2020 2010 2000
Luxembourg 94,447 85,932 81,740 73,914
Iceland 89,947 82,713 64,061 67,326
Switzerland 87,468 83,155 80,823 72,386
United States 82,933 82,783 71,439 64,928
Belgium 76,109 72,793 72,299 69,597
Austria 75,767 74,353 72,104 66,028
Netherlands 75,370 80,227 79,441 72,085
Norway 74,864 74,389 67,462 51,727
Denmark 74,022 73,125 67,452 57,500
Australia 70,763 71,915 66,706 57,807
Germany 69,433 69,751 61,168 59,354
Canada 69,417 69,663 62,422 55,366
United Kingdom 63,691 62,433 61,224 52,593
New Zealand 62,437 59,982 51,733 42,401
Slovenia 61,776 55,726 49,259 38,154
France 60,608 58,591 57,867 50,645
Ireland 60,431 65,333 64,336 45,898
Sweden 59,058 60,783 53,788 44,677
Finland 59,597 60,043 58,351 50,356
Israel 54,736 51,659 46,050 49,340
Spain 54,564 53,463 56,138 51,905
Lithuania 52,898 49,474 31,758 19,105
Italy 51,019 51,016 54,924 52,237
South Korea 50,947 52,299 43,026 34,917
Japan 49,446 50,712 49,375 50,109
Latvia 45,567 38,611 25,768 15,604
Poland 44,211 42,610 32,068 27,136
Portugal 40,002 37,661 37,767 37,274
Estonia 38,975 39,458 27,819 16,215
Czech Republic 38,489 36,888 31,701 22,210
Slovakia 36,105 35,748 29,921 21,644
Hungary 34,996 30,822 26,802 20,063
Greece 32,257 31,976 40,933 34,402
Mexico 20,433 19,801 19,316 20,612