Hourly to Annual Salary Calculator
🎯 Hourly to Salary Converter
Want to know what your **hourly wage equals in yearly pay**? Enter your rate and hours to see salary, monthly, weekly, and daily breakdowns. You can also reverse the calculation to find out "$66,000 a year is how much an hour" or "54K a year is how much an hour".
Optional fields for precision (for paid time off):
Enter your details to see the conversion.
📊 Charts & Example Conversions Below
⚙️ Explore More Career & Financial Calculators
Access tools for holistic financial planning, from managing debt to saving for retirement.
🔢 Formula & Footnotes
Our **hourly to salary converter** helps you quickly translate your hourly wage into various salary equivalents. Understanding these conversions is crucial for budgeting, job negotiations, and overall financial planning, especially when you **convert hourly pay to yearly** earnings.
Basic Formula:
This formula calculates your gross annual salary based on your hourly wage and regular work schedule, assuming no paid time off is explicitly factored in.
Annual Salary = Hourly Wage × Hours per Week × Weeks per Year
Example: $30/hour × 40 hours/week × 52 weeks/year = $62,400 per year
A standard full-time work year has 40 hours/week × 52 weeks/year = 2080 working hours per year.
Adjusted for Paid Time Off (More Precision):
For a more precise calculation that reflects your actual earnings, this formula accounts for paid holidays and vacation days. These paid days reduce the total number of hours you physically work while still being compensated, thus affecting your "true" annual earnings.
Hours per Day = Hours per Week ÷ Workdays per Week
Total Paid Time Off Hours = (Paid Holidays per Year + Paid Vacation Days per Year) × Hours per Day
Adjusted Annual Salary = Hourly Wage × ( (Hours per Week × Weeks per Year) – Total Paid Time Off Hours )
This adjusted formula is used when you provide values for "Workdays per week", "Paid Holidays per year", or "Paid Vacation days per year".
Shortcut (Approximate):
A quick mental math trick to estimate your annual salary in thousands is to simply double your hourly rate. This provides a rough estimate, especially if you work close to 40 hours a week for about 50 weeks a year.
Approx. Annual Salary (in K) = Hourly Wage × 2
Example: For $23/hour, the approximate annual salary is $23 × 2 = $46K. (Actual for 40 hrs/wk, 52 wks/yr is $47,840).
Reverse Calculation (Annual Salary to Hourly):
If you know your annual salary and want to find the equivalent hourly rate, you can use this formula:
Hourly Wage = Annual Salary ÷ (Hours per Week × Weeks per Year)
Example: For an annual salary of $66,000, working 40 hours/week for 52 weeks/year:
$66,000 ÷ (40 × 52) = $66,000 ÷ 2080 ≈ $31.73 per hour.
📋 Example Conversions (Table)
This table provides quick reference conversions for common hourly rates to annual salaries and other pay periods. (Assumes 40 hrs/week, 52 weeks/year — pre-tax, no paid time off factored in for simplicity).
| Hourly Rate | Annual Salary | Monthly Pay | Weekly Pay | Daily (@8h) |
|---|---|---|---|---|
| $23/hr | $47,840 | $3,987 | $920 | $184 |
| $31/hr | $64,480 | $5,373 | $1,240 | $248 |
| $37/hr | $76,960 | $6,413 | $1,480 | $296 |
Figures are gross estimates. Actual take-home pay will vary after taxes and deductions.
📈 Dynamic Charts: Visualize Your Earnings
These charts provide a clear visual overview of your income, helping you understand the translation from your **hourly wage to annual salary** and other pay periods, or how annual salary relates to hourly rates.
Your Calculated Earnings Breakdown
This bar chart shows your calculated annual, monthly, weekly, and daily gross earnings.
Annual Salary Growth by Hourly Rate
This line chart illustrates how annual salary increases as the hourly rate goes up, assuming a standard 40-hour workweek and 52 weeks per year.
✅ Why This Calculator is So Useful
This **hourly to salary converter** is designed to provide quick and precise answers to your most common pay conversion questions:
- **Specific Pay Questions Answered:** Get instant calculations for common scenarios like:
- "**$23 an hour is how much a year**" — computes to ~$47,840 (assuming 40 hrs/wk, 52 wks/yr)
- "**$31 an hour is how much a year**" — ~$64,480
- "**$37 an hour is how much a year**" — ~$76,960
- **Flexible Conversion Direction:** Easily switch modes to perform reverse calculations, such as finding out "**$66,000 a year is how much an hour**" or "**54K a year is how much an hour**".
- **Personalized Calculations:** Adjust inputs like hours per week or weeks worked per year to reflect your unique work schedule. It even includes options to account for paid holidays and vacation days for a more accurate annual salary reflecting your compensated time.
🧠 Velocity Tips
Here are some additional insights to help you quickly estimate and understand salary conversions:
- **Annual Salary to Hourly Rate:** To quickly estimate your hourly rate from an annual salary, divide your annual salary by 2080 (which is 40 hours/week × 52 weeks/year).
Hourly Wage = Annual Salary ÷ (Hours per Week × Weeks per Year)Example: $66,000 ÷ 2080 ≈ $31.73/hr.
- **The "Double It" Trick:** As mentioned, doubling your hourly rate gives a rough estimate of your annual salary in thousands. It's a handy mental shortcut for quick comparisons.
- **Visual Comparisons:** Utilize the charts to easily compare different income scenarios or see the impact of changing your hourly rate.
❓ FAQs: Hourly to Annual Salary Conversion
Get quick answers to common questions about converting your **hourly wage to annual salary** and understanding different pay periods.
A: The calculation is straightforward: Hourly Wage × Hours per Week × Weeks per Year. For $23/hour, assuming a standard 40 hours/week and 52 weeks/year, it's $23 × 40 × 52 = $47,840 annually. This is the core of how our **hourly to salary converter** operates.
A: It's a fast and useful estimate! Doubling your hourly rate gives you your approximate yearly salary in thousands (e.g., "$23 an hour is how much a year" becomes roughly $46K). This shortcut is quite close if you work around 40 hours per week for about 50 weeks per year, as 40 hours/week * 50 weeks/year = 2000 hours, and $X * 2000 = $2X * 1000 = $2X K.
A: Our **hourly wage to annual salary** calculator allows you to adjust the "Hours per week" and "Weeks worked per year" inputs for part-time or unpaid leave. For paid time off (holidays, vacation), you can use the optional fields: "Workdays per week", "Paid Holidays per year", and "Paid Vacation days per year". When these are provided, the calculator will subtract the corresponding paid non-working hours to give you a more precise annual salary based on your actual time on the job while still being compensated.
A: You can use the reverse calculation feature on this page! Simply switch the mode to "Annual Salary to Hourly". If doing it manually, divide your annual salary by the total number of hours worked in a year (e.g., 2080 hours for a standard 40-hour, 52-week year). For example, $66,000 ÷ 2080 ≈ $31.73/hr. Similarly, for "54K a year is how much an hour", it would be $54,000 ÷ 2080 ≈ $25.96/hr.