calculators.soHourly to Salary Calculator
Convert hourly pay to annual salary and vice versa. Calculate daily, weekly, and monthly salaries based on your work schedule.
Hourly to salary calculator
$15/hour × 40h/week × 52 weeks = $31,200/year
Annual salary = Hourly pay × Work hours per week × 52 weeks
Enter hourly pay or annual salary to calculate the other
The hourly to salary calculator helps you convert between hourly pay and annual salary. Whether you're negotiating a job offer, comparing different compensation structures, or planning your budget, this tool provides quick and accurate salary conversions.
Simply enter your hourly pay or annual salary along with your work hours per week, and the calculator will show you the equivalent salary in different formats (daily, weekly, monthly, annual).
Table of contents
- What is an hourly to salary calculator?
- How to use the hourly to salary calculator
- Hourly to salary conversion formula
- Hourly rate to annual salary table
- Common work schedules
- Salary format conversions
- Factors affecting salary calculations
- When to use hourly vs. salary calculations
- Tips for salary negotiations
- Common salary calculation scenarios
- Is the calculator free?
- Useful links and resources
What is an hourly to salary calculator?
An hourly to salary calculator is a tool that converts between different salary formats. It takes into account your work schedule (hours per week) to provide accurate conversions between hourly pay and annual salary. This is particularly useful for job negotiations when comparing hourly vs. salaried positions, budget planning to understand your total annual income, salary comparisons across different compensation structures, and freelance work to calculate annual earnings from hourly rates.
How to use the hourly to salary calculator
Using the calculator is straightforward. First, enter your hourly pay (if you know it) or annual salary (if you know it). Then set your work hours per week (default is 40 hours). Finally, view the results showing all salary formats.
The calculator will automatically calculate the missing value and show you hourly pay, work hours per week, annual salary, daily salary, weekly salary, and monthly salary.
Hourly to salary conversion formula
The basic formula for converting hourly pay to annual salary is:
Annual Salary = Hourly Pay × Work Hours per Week × 52 Weeks
For example: $15/hour × 40 hours/week × 52 weeks = $31,200/year
Reverse calculation (salary to hourly)
To convert annual salary to hourly pay:
Hourly Pay = Annual Salary ÷ (Work Hours per Week × 52 Weeks)
For example:
- $31,200/year ÷ (40 hours/week × 52 weeks) = $15/hour
Hourly rate to annual salary table
Below is a comprehensive table showing common hourly rates and their corresponding annual salaries based on a 40-hour work week (2,080 hours annually):
| Hourly Rate | Annual Salary (40 hrs/week) | Monthly Salary | Weekly Salary | Daily Salary |
|---|---|---|---|---|
| $10.00 | $20,800 | $1,733 | $400 | $80 |
| $12.00 | $24,960 | $2,080 | $480 | $96 |
| $15.00 | $31,200 | $2,600 | $600 | $120 |
| $17.50 | $36,400 | $3,033 | $700 | $140 |
| $20.00 | $41,600 | $3,467 | $800 | $160 |
| $25.00 | $52,000 | $4,333 | $1,000 | $200 |
| $30.00 | $62,400 | $5,200 | $1,200 | $240 |
| $35.00 | $72,800 | $6,067 | $1,400 | $280 |
| $40.00 | $83,200 | $6,933 | $1,600 | $320 |
| $50.00 | $104,000 | $8,667 | $2,000 | $400 |
| $60.00 | $124,800 | $10,400 | $2,400 | $480 |
| $75.00 | $156,000 | $13,000 | $3,000 | $600 |
| $100.00 | $208,000 | $17,333 | $4,000 | $800 |
Part-time work schedule variations
For different work schedules, here are some common hourly rates and their annual equivalents:
20 hours per week (1,040 hours annually)
| Hourly Rate | Annual Salary | Monthly Salary | Weekly Salary |
|---|---|---|---|
| $15.00 | $15,600 | $1,300 | $300 |
| $20.00 | $20,800 | $1,733 | $400 |
| $25.00 | $26,000 | $2,167 | $500 |
| $30.00 | $31,200 | $2,600 | $600 |
30 hours per week (1,560 hours annually)
| Hourly Rate | Annual Salary | Monthly Salary | Weekly Salary |
|---|---|---|---|
| $15.00 | $23,400 | $1,950 | $450 |
| $20.00 | $31,200 | $2,600 | $600 |
| $25.00 | $39,000 | $3,250 | $750 |
| $30.00 | $46,800 | $3,900 | $900 |
Common work schedules
Different work schedules will affect your salary calculations:
Full-time (40 hours/week)
Full-time work follows a standard work week with 8 hours per day, 5 days per week, totaling 52 weeks per year or 2,080 hours annually.
Part-time (20-30 hours/week)
Part-time work involves a reduced work schedule, commonly used by students or for secondary jobs. Annual hours vary based on weekly commitment.
Overtime scenarios
Some positions offer overtime pay, typically at 1.5x the hourly rate for hours worked over 40 per week. This can significantly increase annual earnings.
Salary format conversions
The calculator provides multiple salary formats:
Daily salary
- Formula: Hourly pay × Hours per day
- Example: $15/hour × 8 hours = $120/day
Weekly salary
- Formula: Hourly pay × Work hours per week
- Example: $15/hour × 40 hours = $600/week
Monthly salary
- Formula: Annual salary ÷ 12 months
- Example: $31,200/year ÷ 12 = $2,600/month
Annual salary
- Formula: Hourly pay × Work hours per week × 52 weeks
- Example: $15/hour × 40 hours × 52 weeks = $31,200/year
Factors affecting salary calculations
Several factors can impact your actual take-home pay:
Taxes and deductions
Income tax rates vary by location and income level, along with social security contributions, health insurance premiums, and retirement contributions.
Benefits and perks
Common benefits include health insurance, retirement matching, paid time off, and bonuses and commissions.
Work schedule variations
Consider holiday pay, sick leave, vacation time, and unpaid time off when calculating your actual working hours.
When to use hourly vs. salary calculations
Hourly pay advantages
Hourly pay offers overtime opportunities with extra pay for additional hours, flexibility for calculating part-time work, and transparency with a clear rate for each hour worked.
Salary advantages
Salary provides predictability with consistent income regardless of hours, benefits often including health insurance and retirement, and stability with less impact from schedule changes.
Tips for salary negotiations
When using this calculator for job negotiations, research market rates to compare your calculations with industry standards. Consider total compensation including benefits, bonuses, and perks. Factor in taxes to understand your net take-home pay. Finally, negotiate based on value by focusing on your contributions, not just hours.
Common salary calculation scenarios
Freelance work
For freelance work, calculate annual earnings from hourly rates while accounting for unpaid time like vacation and sick days. Don't forget to include self-employment taxes in your calculations.
Part-time positions
When evaluating part-time positions, compare hourly rates across different schedules and calculate the equivalent full-time salary. Consider benefits eligibility which may vary with part-time status.
Overtime calculations
Overtime calculations involve regular pay (40 hours × hourly rate), overtime pay (additional hours × hourly rate × 1.5), and total weekly pay (regular + overtime).
Is the calculator free?
Yes, the hourly to salary calculator is completely free to use. You can perform unlimited calculations without any restrictions or fees.
Useful links and resources
For more information about salary calculations and compensation: