Hourly to Salary Pay Calculator
Convert your hourly wage into daily, weekly, monthly, and annual earnings.
Daily Earnings:
Weekly Earnings:
Monthly Earnings:
Annual Gross Salary:
How to Calculate Your Annual Salary from an Hourly Rate
Understanding exactly how much you earn over a year, month, or week is crucial for budgeting and financial planning. While many jobs advertise an hourly rate, your total compensation depends heavily on your schedule and overtime availability.
The Calculation Formula
To manually calculate your annual pay, you can use these standard steps:
- Weekly Regular Pay: Hourly Rate × Hours Per Week
- Weekly Overtime Pay: (Hourly Rate × Overtime Multiplier) × Overtime Hours
- Total Weekly Pay: Regular Pay + Overtime Pay
- Annual Salary: Total Weekly Pay × Number of Work Weeks (usually 52)
Real-World Example
Let's say you earn $30 per hour and work a standard 40-hour week with no overtime. If you work all 52 weeks of the year:
- $30 × 40 hours = $1,200 per week
- $1,200 × 52 weeks = $62,400 per year
- $62,400 / 12 months = $5,200 per month
Factors That Affect Your Take-Home Pay
While this calculator provides your gross income (pay before taxes), your net pay (what actually hits your bank account) will be lower due to:
- Federal and State Income Tax: Progressive tax brackets apply to your total earnings.
- FICA Taxes: This includes Social Security and Medicare deductions.
- Health Insurance Premiums: Monthly costs for employer-sponsored medical plans.
- Retirement Contributions: Pre-tax or post-tax contributions to a 401(k) or 403(b).
Why Calculate Hourly to Salary?
Comparing job offers is easier when you speak the same "language." If one company offers an hourly wage and another offers a fixed salary, using this tool allows for an "apples-to-apples" comparison. It also helps you determine if a higher hourly rate with fewer hours is more beneficial than a lower rate with guaranteed overtime.