Last updated: May 2026
Convert your hourly wage to annual, monthly, biweekly, and weekly pay — with overtime and vacation time built in.
Your Work Details
Full Pay Breakdown
| Period | 52 wks (full year) | 50 wks (2 wks vacation) |
|---|
Annual salary = Hourly Rate × Hours/Week × Weeks/Year + (OT Rate × OT Hours/Week × Weeks/Year)
52 vs 50 weeks: A 52-week year assumes no unpaid time off. Using 50 weeks (2 weeks of unpaid vacation) gives you a lower effective annual figure — this is what you'd actually receive if those two weeks are unpaid leave.
Overtime: OT pay = Hourly Rate × OT Multiplier. Standard US overtime is 1.5× for hours beyond 40/week under the FLSA. Some employers or states require double time (2×) for certain hours.
Daily rate is based on 5 working days per week. Semi-monthly = annual ÷ 24 (two pays per month, 24 total per year).
Gross income only — does not account for federal or state income taxes, FICA, or other deductions. Use the After-Tax Paycheck Calculator for net pay estimates.
Enter Your Salary
Pay Breakdown
| Period | Amount |
|---|
Gross income only. Does not account for taxes or deductions.
Common Hourly Wages → Annual Salary
Based on 40 hrs/week × 52 weeks = 2,080 hours/year.
| Hourly Rate | Annual (52 wks) | Annual (50 wks) | Monthly | Biweekly |
|---|---|---|---|---|
| $15 / hr | $31,200 | $30,000 | $2,600 | $1,200 |
| $20 / hr | $41,600 | $40,000 | $3,467 | $1,600 |
| $25 / hr | $52,000 | $50,000 | $4,333 | $2,000 |
| $30 / hr | $62,400 | $60,000 | $5,200 | $2,400 |
| $40 / hr | $83,200 | $80,000 | $6,933 | $3,200 |
| $50 / hr | $104,000 | $100,000 | $8,667 | $4,000 |
| $75 / hr | $156,000 | $150,000 | $13,000 | $6,000 |
| $100 / hr | $208,000 | $200,000 | $17,333 | $8,000 |
Related Calculators
This calculator converts between hourly rates and annual salary using standard work schedules, and shows equivalent pay across all common time periods.
Standard assumption: 40 hours/week, 52 weeks/year = 2,080 hours/year. This is the federal standard full-time work year used for salary benchmarking.
Worked example: $28/hour at 40 hours/week: Annual = $28 x 2,080 = $58,240. Monthly = $4,853. Bi-weekly paycheck = $2,240 gross. Reverse: $65,000 salary / 2,080 = $31.25/hour equivalent.
Important nuance: An employee earning $28/hour receives that rate for 2,080 hours including paid vacation and sick leave. A contractor earning $28/hour only gets paid for actual hours worked — 2 weeks of unpaid vacation reduces annual earnings to $55,160. Factor this in when comparing employee vs. contractor rates.
Context matters: $20/hour = $41,600/year. $25/hour = $52,000/year. $30/hour = $62,400/year. $40/hour = $83,200/year. $50/hour = $104,000/year. The MIT Living Wage Calculator estimates a living wage (covering basic needs without public assistance) at roughly $22-$35/hour for a single adult depending on location, rising significantly in high cost-of-living cities. The U.S. median hourly wage was approximately $23/hour in 2025.
Divide annual salary by 2,080 (standard full-time hours: 40 hours x 52 weeks). A $75,000 salary equals $75,000 / 2,080 = $36.06/hour. For part-time: divide by actual annual hours. For comparison purposes, this hourly equivalent helps evaluate whether a contractor rate or gig work compensates fairly relative to your salaried position including benefits.
Bi-weekly pay means every two weeks — 26 paychecks per year. Semi-monthly means twice per month (1st and 15th, or 15th and last day) — 24 paychecks per year. Annual gross pay is the same, but bi-weekly results in two "extra" paychecks per year (in months where payday falls three times). Bi-weekly is more common in the U.S.; semi-monthly is often used for salaried exempt employees.
Under the Fair Labor Standards Act (FLSA), non-exempt employees must receive 1.5x their regular rate for all hours over 40 per week. The hourly equivalent of a $60,000 salary assumes 40 hours/week; if you regularly work 45 hours as an hourly employee at the equivalent rate, your actual annual earnings would be roughly $68,250 (40 regular hours + 5 hours at 1.5x rate, 52 weeks). Salaried exempt employees typically receive no additional pay for overtime hours.
Converting between hourly and annual pay is straightforward: multiply your hourly rate by 2,080 (the standard number of work hours in a year — 40 hours/week × 52 weeks). Going the other direction, divide your annual salary by 2,080 to find the equivalent hourly rate. This baseline assumes no overtime and a standard 40-hour workweek with paid vacation counted as working hours.
The 2,080-hour standard is important to understand because it includes paid time off. An employee earning $28/hour with two weeks of paid vacation actually receives that rate for all 2,080 hours, including the 80 vacation hours. A contractor billing $28/hour only earns for hours actually worked — taking two weeks unpaid reduces annual earnings from $58,240 to $55,160. This distinction is critical when comparing employee versus freelance rates.
| Hourly Rate | Annual Salary | Monthly Gross | Weekly Gross |
|---|---|---|---|
| $15/hr | $31,200 | $2,600 | $600 |
| $20/hr | $41,600 | $3,467 | $800 |
| $25/hr | $52,000 | $4,333 | $1,000 |
| $30/hr | $62,400 | $5,200 | $1,200 |
| $40/hr | $83,200 | $6,933 | $1,600 |
| $50/hr | $104,000 | $8,667 | $2,000 |
| $75/hr | $156,000 | $13,000 | $3,000 |
How many work hours are in a year?
The standard full-time work year is 2,080 hours (40 hours/week × 52 weeks). Some calculations use 2,087 hours to account for leap years and the precise average of days per year, but 2,080 is the widely accepted standard for salary-to-hourly conversions. Part-time employees work proportionally fewer hours — a 30-hour week yields 1,560 annual hours.
What is the formula to convert hourly to salary?
Annual salary = hourly rate × 2,080 (for full-time, 40 hrs/week). Monthly gross = annual salary ÷ 12. Biweekly gross = annual salary ÷ 26. Weekly gross = annual salary ÷ 52. To go the other direction: hourly rate = annual salary ÷ 2,080. All of these assume no overtime and a full year of employment.
Does the calculation include overtime?
The standard 2,080-hour conversion does not include overtime. Under the FLSA, non-exempt employees earn 1.5× their regular rate for hours above 40 per week. If you regularly work overtime, your actual annual earnings exceed the simple hourly × 2,080 calculation. For example, 5 hours of weekly overtime at $20/hour adds $7,800/year ($20 × 1.5 × 5 hrs × 52 weeks) on top of your base $41,600 salary.
How do I calculate my true hourly rate from a salary?
Divide your annual salary by the actual hours you work per year, not just 2,080. Track your average weekly hours for a month, then multiply by 52 to get annual hours. If you earn $80,000 and work 45 hours/week (2,340 hours/year), your effective hourly rate is $34.19 — not the $38.46 that the standard calculation suggests. This true rate matters when evaluating raises, job offers, and side income opportunities.
What is a good hourly rate equivalent to a $60k salary?
$60,000 ÷ 2,080 = $28.85/hour as an employee. As a freelancer or contractor, you'd need to charge more — roughly $38–$43/hour — to net the same after covering self-employment tax (15.3%), your own health insurance ($4,000–$8,000/year), and unpaid time off. The contractor rate needs to compensate for all the benefits and employer taxes that are invisible in a W-2 salary.