How to Convert an Hourly Wage to a Yearly Salary

Comparing an hourly job with a salaried offer is easier when both are shown as yearly pay. Here is the simple way to convert.

The quick formula

Yearly pay = hourly wage × hours per week × weeks per year. For a full-time job that is hourly wage × 40 × 52, which is hourly wage × 2,080.

Common examples

$15 an hour is $31,200 a year
$20 an hour is $41,600 a year
$25 an hour is $52,000 a year
$30 an hour is $62,400 a year
$50 an hour is $104,000 a year

These figures assume 40 hours a week for 52 weeks, before taxes.

Monthly, biweekly and weekly pay

Once you have the yearly number, divide by 12 for monthly pay, by 26 for biweekly pay and by 52 for weekly pay. A $52,000 salary is $4,333 a month, $2,000 every two weeks and $1,000 a week.

Adjust for unpaid time off

If you take two weeks of unpaid leave, you are paid for 50 weeks. At $25 an hour that is $25 × 40 × 50 = $50,000, not $52,000. Always use the weeks you are really paid for.

Converting salary to hourly

Go the other way by dividing the yearly salary by 2,080. A $60,000 salary is about $28.85 an hour. If you work more than 40 hours, divide by your real yearly hours to find your effective hourly rate.

What the numbers do not show

These are gross amounts. Taxes, health insurance and retirement contributions reduce your take-home pay. Salaried roles may include paid time off and benefits that an hourly job does not, so compare the whole package.

Use the calculators

Try the Hourly to Salary Calculator or the Salary to Hourly Calculator. If you work overtime, add it with the Overtime Pay Calculator.