How to Convert Hourly Wage to Annual Salary

Simple formulas for converting between hourly, weekly, monthly, and annual pay — plus a quick reference table.

The formulas

Annual salary = Hourly rate × Hours per week × 52

Standard full-time (40 hrs/week):
Annual = Hourly × 40 × 52 = Hourly × 2,080

Monthly = Annual ÷ 12
Biweekly (every 2 weeks) = Annual ÷ 26
Weekly = Annual ÷ 52
Daily = Hourly × hours per day

Quick reference — common hourly rates

Hourly	Weekly	Monthly	Annual
$15/hr	$600	$2,600	$31,200
$20/hr	$800	$3,467	$41,600
$25/hr	$1,000	$4,333	$52,000
$30/hr	$1,200	$5,200	$62,400
$40/hr	$1,600	$6,933	$83,200
$50/hr	$2,000	$8,667	$104,000
$75/hr	$3,000	$13,000	$156,000
$100/hr	$4,000	$17,333	$208,000

Based on 40 hours/week, 52 weeks/year (2,080 hours). Pre-tax.

The mental math shortcut

For a standard 40-hour week, double your hourly rate and add three zeros:

$25/hr → $25 × 2 = $50 → $50,000/year ✓
$40/hr → $40 × 2 = $80 → $80,000/year ✓
$60/hr → $60 × 2 = $120 → $120,000/year ✓

This works because 40 hrs × 52 weeks = 2,080 ≈ 2,000 (close enough for estimates).

Part-time and non-standard hours

Part-time (20 hrs/week):
Annual = Hourly × 20 × 52 = Hourly × 1,040

$25/hr part-time:
$25 × 1,040 = $26,000/year

Contractor (50 weeks, accounting for time off):
Annual = Hourly × 40 × 50 = Hourly × 2,000

$50/hr contractor:
$50 × 2,000 = $100,000/year

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Frequently asked questions

Should I account for unpaid time off?: Yes, for accurate annual income. Hourly workers who take 2 weeks unpaid leave work 50 weeks (2,000 hours), not 52. Subtract unpaid weeks before calculating. Salaried employees receive the same annual pay regardless of vacation taken.
How do I compare a salary offer to my current hourly rate?: Divide the annual salary by 2,080 to get the effective hourly rate. A $75,000 salary = $75,000 / 2,080 = $36.06/hr. This lets you compare apples to apples. Also factor in benefits — health insurance, 401(k) match, and paid leave have real dollar value.
What is biweekly vs. semimonthly pay?: Biweekly: paid every 2 weeks = 26 paychecks/year. Semimonthly: paid twice a month = 24 paychecks/year. Biweekly employees get two "extra" paychecks per year (two months have 3 paydays). Annual income is the same; the timing differs.