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How this is calculated

Annual pay = Hourly wage × Hours per week × Paid weeks per year. Monthly pay = Annual pay ÷ 12. Results are gross pay before taxes.

Assumptions

  • Figures are gross pay in US dollars, before federal, state and local taxes and payroll deductions.
  • Assumes the same hours every week; overtime is not included.

Estimates for planning and education only. Not financial, tax or legal advice, and not an official government calculation. Calculations run in your browser; nothing you enter is stored or sent.

How to use this calculator

Enter your hourly wage and the hours you work in a typical week. Leave paid weeks at 52 if you are paid for holidays and vacation; reduce it if you have unpaid time off, such as a seasonal job or unpaid leave.

Example

Example

At $18.50 an hour and 40 hours a week: $18.50 × 40 = $740 a week. Over 52 weeks that is $38,480 a year, or about $3,207 a month before taxes.

Monthly pay is not four weekly paychecks

Months average about 4.33 weeks, not 4. If you budget with “weekly pay × 4”, you will underestimate your monthly income slightly. That is not a bad thing for a cautious budget, but use the monthly figure above when comparing with rent or a loan payment. Our monthly budget calculator can take it from there.

Hourly wageWeekly (40 h)MonthlyYearly
$15.00$600$2,600$31,200
$20.00$800$3,467$41,600
$25.00$1,000$4,333$52,000
$30.00$1,200$5,200$62,400
Gross pay, 40 hours a week, 52 paid weeks. Monthly figures are yearly pay ÷ 12, rounded.

Frequently asked questions

How do I convert hourly to salary quickly?

For a 40-hour week with 52 paid weeks, multiply your hourly rate by 2,080. A rough shortcut is to double the hourly rate and add three zeros: $20 an hour is about $40,000 a year (the exact figure is $41,600).

Does this include overtime?

No. It assumes the same hours every week. If you regularly work overtime, estimate it separately with the overtime pay calculator and add it to your yearly total.