Hourly wage to annual salary table: what $15 to $75 an hour pays per year

Annual pay is hourly rate x hours per week x weeks per year. At 40 hours a week for 52 weeks that is 2,080 hours, so $22 an hour is $45,760 a year, and a quick rule is that every $1 of hourly pay adds $2,080 a year. These are gross figures before tax.

Informational only, not financial or tax advice. Actual pay depends on unpaid time, overtime, benefits and taxes.

How do you convert an hourly wage to an annual salary?

Multiply the hourly rate by the hours you work in a year. Hours per year = hours per week x paid weeks per year. Mathify's Salary to Hourly Calculator works in the other direction, and every figure in these tables was round-trip checked with it. The script is scripts/content-data/hourly-to-annual-salary.ts.

Hours per year under common schedules:

20 h/wk x 52 weeks = 1040 hours/year
30 h/wk x 52 weeks = 1560 hours/year
37.5 h/wk x 52 weeks = 1950 hours/year
40 h/wk x 52 weeks = 2080 hours/year
40 h/wk x 50 weeks = 2000 hours/year
40 h/wk x 48 weeks = 1920 hours/year
45 h/wk x 52 weeks = 2340 hours/year

How much is an hourly wage per year at different weekly hours?

Assumptions: 52 paid weeks per year, gross pay before tax, no overtime, no bonuses. 37.5 hours is a common office week.

$12.00/hr: 20 h/wk $12,480 | 30 h/wk $18,720 | 37.5 h/wk $23,400 | 40 h/wk $24,960
$15.00/hr: 20 h/wk $15,600 | 30 h/wk $23,400 | 37.5 h/wk $29,250 | 40 h/wk $31,200
$18.00/hr: 20 h/wk $18,720 | 30 h/wk $28,080 | 37.5 h/wk $35,100 | 40 h/wk $37,440
$20.00/hr: 20 h/wk $20,800 | 30 h/wk $31,200 | 37.5 h/wk $39,000 | 40 h/wk $41,600
$25.00/hr: 20 h/wk $26,000 | 30 h/wk $39,000 | 37.5 h/wk $48,750 | 40 h/wk $52,000
$30.00/hr: 20 h/wk $31,200 | 30 h/wk $46,800 | 37.5 h/wk $58,500 | 40 h/wk $62,400
$35.00/hr: 20 h/wk $36,400 | 30 h/wk $54,600 | 37.5 h/wk $68,250 | 40 h/wk $72,800
$40.00/hr: 20 h/wk $41,600 | 30 h/wk $62,400 | 37.5 h/wk $78,000 | 40 h/wk $83,200
$50.00/hr: 20 h/wk $52,000 | 30 h/wk $78,000 | 37.5 h/wk $97,500 | 40 h/wk $104,000
$60.00/hr: 20 h/wk $62,400 | 30 h/wk $93,600 | 37.5 h/wk $117,000 | 40 h/wk $124,800
$75.00/hr: 20 h/wk $78,000 | 30 h/wk $117,000 | 37.5 h/wk $146,250 | 40 h/wk $156,000

How does unpaid time change the annual total?

If some weeks are unpaid, use fewer weeks. At 40 hours a week:

$12.00/hr at 40 h/wk: 52 weeks $24,960 | 50 weeks $24,000 | 48 weeks $23,040 | monthly average (52 weeks) $2,080.00
$15.00/hr at 40 h/wk: 52 weeks $31,200 | 50 weeks $30,000 | 48 weeks $28,800 | monthly average (52 weeks) $2,600.00
$18.00/hr at 40 h/wk: 52 weeks $37,440 | 50 weeks $36,000 | 48 weeks $34,560 | monthly average (52 weeks) $3,120.00
$20.00/hr at 40 h/wk: 52 weeks $41,600 | 50 weeks $40,000 | 48 weeks $38,400 | monthly average (52 weeks) $3,466.67
$25.00/hr at 40 h/wk: 52 weeks $52,000 | 50 weeks $50,000 | 48 weeks $48,000 | monthly average (52 weeks) $4,333.33
$30.00/hr at 40 h/wk: 52 weeks $62,400 | 50 weeks $60,000 | 48 weeks $57,600 | monthly average (52 weeks) $5,200.00
$35.00/hr at 40 h/wk: 52 weeks $72,800 | 50 weeks $70,000 | 48 weeks $67,200 | monthly average (52 weeks) $6,066.67
$40.00/hr at 40 h/wk: 52 weeks $83,200 | 50 weeks $80,000 | 48 weeks $76,800 | monthly average (52 weeks) $6,933.33
$50.00/hr at 40 h/wk: 52 weeks $104,000 | 50 weeks $100,000 | 48 weeks $96,000 | monthly average (52 weeks) $8,666.67
$60.00/hr at 40 h/wk: 52 weeks $124,800 | 50 weeks $120,000 | 48 weeks $115,200 | monthly average (52 weeks) $10,400.00
$75.00/hr at 40 h/wk: 52 weeks $156,000 | 50 weeks $150,000 | 48 weeks $144,000 | monthly average (52 weeks) $13,000.00

Assumptions: the monthly average is the 52-week annual total divided by 12.

Worked example: $22 an hour

Hours per year: 40 x 52 = 2080.
Annual pay: $22 x 2,080 = $45,760.
Monthly average: $45,760 / 12 = $3,813.33.
Weekly pay: 22 x 40 = $880.00; every two weeks: $1,760.00.
With 2 unpaid weeks (50 paid weeks): $44,000, which is $1,760 less.

Part-time example: $15 an hour at 25 hours a week for 52 weeks is $19,500, compared with $31,200 at 40 hours.

What is the hourly equivalent of an annual salary?

The reverse conversion, using the calculator's default of 40 hours a week and 52 weeks (2,080 hours):

Assumptions: daily pay assumes a five-day week, a month is one-twelfth of the year, and figures are gross.

$30,000/yr: $14.42/hr | $115.38/day | $576.92/week | $1,153.85 every two weeks | $2,500.00/month
$40,000/yr: $19.23/hr | $153.85/day | $769.23/week | $1,538.46 every two weeks | $3,333.33/month
$50,000/yr: $24.04/hr | $192.31/day | $961.54/week | $1,923.08 every two weeks | $4,166.67/month
$60,000/yr: $28.85/hr | $230.77/day | $1,153.85/week | $2,307.69 every two weeks | $5,000.00/month
$75,000/yr: $36.06/hr | $288.46/day | $1,442.31/week | $2,884.62 every two weeks | $6,250.00/month
$90,000/yr: $43.27/hr | $346.15/day | $1,730.77/week | $3,461.54 every two weeks | $7,500.00/month
$100,000/yr: $48.08/hr | $384.62/day | $1,923.08/week | $3,846.15 every two weeks | $8,333.33/month
$120,000/yr: $57.69/hr | $461.54/day | $2,307.69/week | $4,615.38 every two weeks | $10,000.00/month
$150,000/yr: $72.12/hr | $576.92/day | $2,884.62/week | $5,769.23 every two weeks | $12,500.00/month

For example, $52,000 a year works out to $25.00 an hour.

For overtime at 1.5 times pay, see the Time and a Half Calculator. For take-home pay after tax, see the Paycheck Calculator.

Common mistakes

Forgetting unpaid weeks, so the annual estimate runs high.
Using 4 weeks per month, which gives 48 weeks rather than 52.
Comparing a salary with an hourly rate without counting paid leave.
Treating gross pay as take-home pay.
Leaving out overtime or unpaid breaks in the weekly hours.

Key takeaways

Annual pay = hourly rate x hours per week x paid weeks.
40 hours x 52 weeks = 2,080 hours, so each $1 per hour is $2,080 a year.
Fewer weeks or hours lower the total in proportion.
Salary divided by 2,080 gives the hourly equivalent for a standard schedule.

FAQ

How much is $20 an hour per year?

$41,600 for 40 hours a week and 52 weeks, before tax.

How much is $15 an hour per year?

$31,200 at 40 hours a week and 52 weeks, before tax.

How many working hours are in a year?

2,080 for a 40-hour week over 52 weeks. With two unpaid weeks it is 2,000.

What is $60,000 a year per hour?

$28.85 an hour on a 2,080-hour year.

Is the monthly pay the same as the annual total divided by 12?

Yes for this table. Hourly workers paid every two weeks get 26 paychecks a year, so some months contain three paychecks.

Hourly wage to annual salary table: what $15 to $75 an hour pays per year