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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.