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Hourly to Salary Calculator

See what an hourly rate is worth per year, month, week and day.

52 if every week is paid, holiday included. Lower it for unpaid time off.

A year at this rateExample

$49,920

enter an hourly rate to see yours

Enter an hourly rate to see what it comes to.

What this answers

An hourly offer and a salaried one are hard to compare because they are in different units. This puts them in the same one: enter the rate and what your week actually looks like, and you get the year, the month, the fortnight, the week and the day.

For a raise rather than a conversion, the Pay Raise Calculator shows it as a new rate, a percentage and a paycheck.

Below the fields, a second table turns the rates people ask about most — $20, $25, $30, $35 and $40 an hour — into a year at your own hours and weeks, and marks the row if your rate is one of them.

A worked example

$24.00 an hour, 40 hours a week, 5 days a week, paid for all 52 weeks:

  • A week: 40 × $24.00 = $960.00
  • A year: 52 × $960.00 = $49,920.00
  • A month: $49,920 ÷ 12 = $4,160.00
  • Two weeks: 2 × $960.00 = $1,920.00
  • A day: $960.00 ÷ 5 = $192.00

The three assumptions people get wrong

Every hourly-to-salary conversion hides three numbers, and the common shortcut — multiply by 2,080 — hides all of them at once. 2,080 is 40 × 52.

  • Hours a week. 37.5 is as common as 40 wherever an unpaid lunch is standard, and it is 6% less a year at the same rate.
  • Weeks a year. 52 assumes every week is paid. Two unpaid weeks make it 50, and at $24 an hour that is $1,920 gone from the year while your weekly pay is unchanged.
  • Days a week. Only the daily figure depends on it, but a four-day week at the same weekly hours makes each day worth a quarter more.

Why a month and a fortnight are worked out differently

A month here is the year divided by twelve, because months are not the same length and the average month is about 4.33 weeks, not four. A fortnight is two real weeks of work, not the year divided by 26 — dividing the year would quietly assume every week of it is paid, which is exactly what unpaid time off is not.

That is why 26 fortnights will not always add up to the annual figure. The difference is the time you are not paid for, and hiding it would make the year look longer than it is.

What this leaves out

Everything after gross pay: income tax, payroll taxes, insurance, retirement contributions. It also leaves out overtime, which is paid at a premium and varies week to week — folding it into a salary overstates a normal year. Work it out separately with the Overtime Calculator, or total a real week of punches with the Time Card Calculator.

Benefits are the other half of any comparison and no calculator can price them for you. An hourly job paying more per hour can be worth less than a salaried one with health cover, paid leave and a retirement match.

Questions

What is $24 an hour a year?

$49,920 before tax, working 40 hours a week for all 52 weeks. That is $4,160 a month, $1,920 every two weeks, $960 a week and $192 a day.

What does $20, $30 or $40 an hour come to a year?

At 40 hours a week for all 52 weeks: $20 is $41,600, $25 is $52,000, $30 is $62,400, $35 is $72,800 and $40 is $83,200. The table on this page repeats these at your own hours and weeks, and marks your rate when it is one of them.

Why do people say to multiply by 2,080?

2,080 is 40 hours times 52 weeks, so the shortcut is the same sum with the assumptions hidden inside it. It is only right if you work exactly 40 hours and are paid for every week of the year — which is why this page asks for both rather than assuming them.

How do I account for unpaid time off?

Lower the weeks per year. Two unpaid weeks means 50, not 52, and at $24 an hour that is $1,920 less a year. Your weekly pay does not change; the year does. If your holiday is paid, leave it at 52.

Is this take-home pay?

No. Every figure here is gross — what the job pays before anything comes out of it. An hourly rate is about as clean an input as this sum can have, and it still says nothing about income tax, payroll taxes, insurance or a retirement contribution, all of which come off afterwards and depend on where you live and who else you support. Read the annual figure as the one that would appear on an offer letter, not the one that lands in the bank.

Does it include overtime?

No, and adding it would be misleading: overtime is paid at a premium and varies week to week, so folding it into a salary figure overstates a normal year. Work out overtime separately with the Overtime Calculator.

My week is 37.5 hours, not 40. Does that work?

Yes. Enter 37.5. A 37.5-hour week is common wherever an unpaid half-hour lunch is standard, and it is 6% less a year than 40 — worth knowing before comparing two offers.

Is anything I enter sent anywhere?

No. What this page is given is your hourly rate and the shape of your week — how many hours, how many days, how many paid weeks. That is your employer’s business and nobody else’s, and none of it leaves the browser: the page is static, there is no server behind it to receive anything, and the multiplication runs on your own machine. Nothing is kept between visits, so closing the tab discards all four numbers.