Hourly to Salary Calculator
Comparing job offers, evaluating a raise, or figuring out whether freelance rates are worth it often requires converting between hourly and annual pay. This calculator does the conversion in both directions and accounts for different weekly hour schedules.
How this calculator works
Annual Salary = Hourly Rate × Hours per Week × Weeks per Year. Standard: 40 hours/week × 52 weeks = 2,080 hours/year. Hourly Rate = Annual Salary / (Hours per Week × 52). Note: this gives gross (pre-tax) figures. Benefits like health insurance, retirement matching, and paid time off have real dollar value and are worth adding when comparing offers.
Formula reference: BLS: Occupational Employment and Wage Statistics
Example
Example: $22/hour × 40 hours/week × 52 weeks = $45,760 annual salary. Alternatively, a $75,000 salary working 40 hours/week = $75,000 / 2,080 = $36.06/hour.
Frequently asked questions
- Does this account for paid time off?
- The standard 2,080-hour calculation assumes you are paid for all 52 weeks including vacation. If you work 50 weeks of actual hours but are paid for 52 (i.e., 2 weeks of paid vacation), the conversion is still correct — you earn the salary either way. If you are hourly without paid PTO, you may effectively work and be paid for fewer than 52 weeks.
- How do I factor in taxes?
- This calculator shows gross pay. To estimate net (take-home) pay, subtract federal and state income taxes, Social Security (6.2%), and Medicare (1.45%). A rough rule of thumb for a middle-income U.S. earner: take-home is about 70–75% of gross after all withholding.
This calculator provides estimates for general informational purposes only and does not constitute financial, tax, or legal advice. Always confirm important numbers with a qualified professional or your lender/institution before making a decision.