What is the formula for hourly to salary conversion?

Annual = Hourly Rate × Hours per Week × Weeks per Year. Common shortcuts: Hourly × 2,080 (standard 40hr/52wk), Hourly × 2,000 (40hr/50wk), or Hourly × 52 for weekly pay. Monthly = Annual ÷ 12. Biweekly = Annual ÷ 26. Semi-monthly = Annual ÷ 24.

How many hours is 2,080 per year?

2,080 hours = 40 hours/week × 52 weeks/year. This is the standard full-time work year in the US and is used by the IRS and most employers to convert hourly to annual. Part-time workers calculate their own total: e.g., 20 hours × 52 weeks = 1,040 hours per year.

Hourly to Salary Calculator

Q: How much is $20 an hour annually?

At $20/hour for 40 hours per week and 52 weeks per year (2,080 total hours), you earn $41,600 per year. At 50 weeks, that drops to $40,000. Monthly, $20/hr full-time yields about $3,467. Biweekly gross is $1,600.

Q: How much is $15 an hour a year?

$15/hour at standard 40 hours per week for 52 weeks equals $31,200 per year. Monthly: $2,600. Biweekly: $1,200. Weekly: $600. Daily (8-hour day): $120. This is above the federal minimum wage of $7.25/hr but reflects many state minimums as of 2024.

Q: What is the difference between time-and-a-half and double time?

Time-and-a-half means 1.5× your regular rate for overtime hours - standard under US federal law (FLSA) for hours over 40 per week. Double time is 2× your regular rate, typically for holidays or very long shifts. California mandates double time for hours over 12 in a single day and all hours on the seventh consecutive workday. Most other states follow only the federal 1.5× rule.

Q: How much is $50,000 a year per hour?

At 2,080 hours (40 hr/week, 52 weeks), $50,000 ÷ 2,080 = $24.04/hour. At 2,000 hours (40 hr/week, 50 weeks), it is exactly $25.00/hour. Use the Salary to Hourly Calculator on this site to reverse the calculation for any salary amount.

Q: Does the calculator work for part-time jobs?

Yes. Simply enter your actual hours per week in the Hours per Week field. A part-time worker at 20 hours per week and $18/hour earns 20 × 52 × $18 = $18,720 annually, or $1,560 monthly. The calculator handles any combination from 1 to 80 hours per week and 1 to 52 weeks per year.

Q: How do I use the overtime calculator for shift workers?

In Overtime Calculator mode, enter your base hourly rate, your regular hours per week (e.g., 40), the additional overtime hours per week (e.g., 8), the overtime multiplier (1.5 for time-and-a-half or 2.0 for double time), and weeks worked. The calculator shows regular annual pay, overtime annual pay, total annual earnings, and your effective blended hourly rate.

Convert your hourly wage to annual salary, monthly, biweekly, and weekly pay - with a built-in overtime calculator.

Hourly Rate$25.00

$/hr

$1$200

Hours per Week40

hrs

1 hr80 hrs

Weeks per Year52

wks

1 wk52 wks

Base Hourly Rate$25.00

$/hr

$1$200

Regular Hours per Week40

hrs

1 hr60 hrs

Overtime Hours per Week5

hrs

0 hrs30 hrs

Overtime Multiplier

Weeks per Year52

wks

1 wk52 wks

Annual Salary

—

Monthly

—

Hourly

—

Daily (÷ 5-day week)

—

Weekly

—

Biweekly (every 2 wks)

—

Semi-Monthly (2×/month)

—

Quarterly

—

Total Annual (Reg + OT)

—

Monthly Equivalent

—

Regular Annual Pay

—

Overtime Annual Pay

—

Base Hourly Rate

—

Overtime Rate

—

Biweekly

—

Effective Hourly Rate

—

⏱️ What is an Hourly to Salary Calculator?

An hourly to salary calculator converts a pay-per-hour rate into equivalent annual, monthly, biweekly, weekly, and daily earnings. It is the essential tool for anyone paid by the hour who wants to understand their total yearly compensation - and for anyone comparing a salaried job offer against their current hourly position.

The core calculation is straightforward: multiply your hourly rate by the number of hours you work each week, then multiply again by the number of weeks you work per year. Standard full-time employment in the United States uses 40 hours per week and 52 weeks per year - a total of 2,080 working hours annually. At $20/hour, that produces an annual equivalent of $41,600. The calculator extends this to every common pay frequency: monthly ($3,467), semi-monthly ($1,733), biweekly ($1,600), weekly ($800), and daily ($160 for an 8-hour workday).

The Overtime Calculator mode addresses a significant real-world gap: most hourly workers do not work exactly 40 hours every week. Under the US Fair Labor Standards Act (FLSA), any hours beyond 40 per week must be paid at least 1.5× the regular rate. The overtime mode lets you enter your regular hours, overtime hours, and a multiplier (1.5× for time-and-a-half or 2.0× for double time), then produces a full annual breakdown showing regular pay, overtime pay, total annual earnings, and your effective blended hourly rate for the year.

Common uses include evaluating whether to accept a salaried position versus staying hourly, determining whether offered overtime makes a lower base rate more competitive, setting freelance rates high enough to cover the benefits gap, and planning a household budget around actual annual take-home potential. Because overtime pay can meaningfully shift annual earnings - five hours of overtime per week at $25/hr adds nearly $10,000 per year - comparing job offers purely on hourly rate without accounting for overtime opportunity leaves money on the table.

📐 Formula

Annual = Hourly Rate × Hours per Week × Weeks per Year

Hourly Rate = your base pay per hour before deductions

Hours per Week = standard full-time is 40; adjust for part-time or overtime

Weeks per Year = standard is 52; use 50 if you take 2 unpaid weeks off

Monthly = Annual ÷ 12 | Biweekly = Annual ÷ 26 | Semi-Monthly = Annual ÷ 24

Weekly = Hourly × Hours per Week | Daily = Hourly × (Hours per Week ÷ 5)

Example: $25/hr × 40 hrs × 52 wks = $52,000/year | $52,000 ÷ 26 = $2,000 biweekly

Total Annual = (Base Rate × Reg Hrs × Weeks) + (Base Rate × OT Multiplier × OT Hrs × Weeks)

OT Multiplier = 1.5 for time-and-a-half (US federal minimum for hours over 40/week); 2.0 for double time

Effective Hourly = Total Annual ÷ ((Reg Hrs + OT Hrs) × Weeks)

Example: $25/hr × 40 hrs × 52 wks = $52,000 regular + ($25 × 1.5 × 5 hrs × 52 wks = $9,750 OT) = $61,750 total

📖 How to Use This Calculator

Steps

Choose a calculation mode - Select 'Basic Conversion' to convert a flat hourly rate to all pay frequencies, or 'With Overtime' to calculate total annual pay including overtime hours at a custom multiplier.

Enter your hourly rate - Type your hourly wage - your base pay per hour before any deductions. Check your pay stub, employment contract, or minimum wage schedule for the correct figure. Use the slider or type directly.

Set hours per week and weeks per year - Adjust the Hours per Week slider (standard full-time is 40) and Weeks per Year (standard is 52). For part-time, seasonal, or contract work, enter your actual schedule.

Add overtime details (Overtime mode only) - Enter your overtime hours per week, select the multiplier (1.5× for time-and-a-half or 2.0× for double time), and confirm your total weeks worked per year.

Click Calculate - See your equivalent annual salary, quarterly, monthly, semi-monthly, biweekly, weekly, and daily rates - or the full overtime breakdown with total annual earnings and effective blended hourly rate.

💡 Example Calculations

Example 1 — Standard Full-Time at $25/hour

$25/hr — 40 hours/week — 52 weeks/year

Total annual hours: 40 × 52 = 2,080 hours. Annual salary equivalent: $25 × 2,080 = $52,000.

Monthly: $52,000 ÷ 12 = $4,333.33. Biweekly: $52,000 ÷ 26 = $2,000.00. Semi-monthly: $52,000 ÷ 24 = $2,166.67.

Weekly: $25 × 40 = $1,000.00. Daily (8-hour day): $25 × 8 = $200.00. Quarterly: $52,000 ÷ 4 = $13,000.00.

Annual: $52,000 — Monthly: $4,333 — Biweekly: $2,000

Try this example →

Example 2 — Part-Time Worker at $18/hour

$18/hr — 25 hours/week — 50 weeks/year

Total hours: 25 × 50 = 1,250 hours. Annual: $18 × 1,250 = $22,500.

Monthly: $22,500 ÷ 12 = $1,875.00. Biweekly: $22,500 ÷ 26 = $865.38. Weekly: $18 × 25 = $450.00.

Daily: $18 × (25 ÷ 5) = $18 × 5 = $90.00 per workday. Quarterly: $22,500 ÷ 4 = $5,625.00.

Annual: $22,500 — Monthly: $1,875 — Weekly: $450

Try this example →

Example 3 — Overtime Calculation at $30/hour

$30/hr — 40 regular hours + 8 OT hours per week — 1.5× — 50 weeks/year

Regular annual: $30 × 40 × 50 = $60,000. Overtime rate: $30 × 1.5 = $45/hr.

Overtime annual: $45 × 8 hrs × 50 weeks = $18,000. Total annual: $60,000 + $18,000 = $78,000.

Total hours: (40 + 8) × 50 = 2,400 hrs. Effective hourly: $78,000 ÷ 2,400 = $32.50/hr. Monthly: $78,000 ÷ 12 = $6,500.

Total Annual: $78,000 — Effective Rate: $32.50/hr — Monthly: $6,500

Try this example →

❓ Frequently Asked Questions

How do I convert an hourly wage to an annual salary?+

Multiply your hourly rate by the number of hours you work per week, then multiply by the number of weeks you work per year. Standard formula: Annual = Hourly × 40 hours × 52 weeks = Hourly × 2,080. For example, $25/hour × 2,080 = $52,000 per year. For non-standard schedules, enter your actual hours and weeks in the calculator.

How much is $20 an hour annually?+

At the standard full-time schedule of 40 hours per week for 52 weeks (2,080 total hours), $20/hour equals $41,600 per year. Monthly that is $3,467. Biweekly gross is $1,600. At 50 weeks instead of 52, annual pay drops slightly to $40,000. Use the calculator above to adjust for your actual schedule.

What is the formula for converting hourly to annual salary?+

Annual = Hourly Rate × Hours per Week × Weeks per Year. The most common shortcut is Hourly × 2,080 (40 hrs/wk × 52 wks). From annual: Monthly = Annual ÷ 12; Biweekly = Annual ÷ 26; Semi-monthly = Annual ÷ 24; Weekly = Annual ÷ 52; Daily = Hourly × 8 (standard 8-hour workday).

How do I calculate overtime pay?+

US federal law (FLSA) requires 1.5× your regular rate for all hours over 40 per week. Overtime pay = Regular Rate × 1.5 × Overtime Hours per Week × Weeks Worked. Example: $20/hr × 1.5 × 5 OT hours × 52 weeks = $7,800 in overtime pay per year. Add this to your regular annual pay ($41,600) for a total of $49,400.

How much is $15 an hour per year?+

$15/hour at 40 hours per week for 52 weeks equals $31,200 per year. Monthly: $2,600. Biweekly: $1,200. Weekly: $600. Daily (8-hour day): $120. This exceeds the US federal minimum wage of $7.25/hr and aligns with many state minimums that were set at $15/hr as of 2023–2024.

What is the difference between time-and-a-half and double time?+

Time-and-a-half means 1.5× your regular hourly rate - the federal FLSA minimum for overtime hours above 40 per week. Double time is 2× your regular rate, typically paid for holidays or extended shifts. California law mandates double time for hours beyond 12 in a single day and for all hours on the seventh consecutive workday. Most other states follow only the federal 1.5× rule.

How many hours are in a standard work year?+

The standard US full-time work year is 2,080 hours (40 hours/week × 52 weeks). The IRS and most employers use this figure for hourly-to-annual conversions. Accounting for 10 paid holidays and 2 weeks of vacation gives roughly 2,000 paid hours but the same annual salary - the difference is that you receive pay for non-working days. Part-time at 20 hrs/week is 1,040 hours per year.

How much is $50,000 a year per hour?+

$50,000 ÷ 2,080 hours = $24.04/hour at standard full-time. At 2,000 hours (40 hrs/week, 50 weeks), it is exactly $25.00/hour. To reverse the calculation for any salary, use the Salary to Hourly Calculator linked below. The formula is: Hourly = Annual ÷ (Hours per Week × Weeks per Year).

Does the calculator work for part-time jobs?+

Yes. Enter your actual hours per week in the Hours per Week field. A part-time worker at 20 hours per week and $18/hour earns 20 × 52 × $18 = $18,720 annually - $1,560 per month. The calculator handles any schedule from 1 to 80 hours per week and 1 to 52 weeks per year, covering full-time, part-time, seasonal, and contract arrangements.

What is an effective hourly rate when working overtime?+

The effective hourly rate is your total annual earnings (regular + overtime) divided by your total hours worked. Example: $25/hr × 40 regular hrs + $37.50/hr × 5 OT hrs = $1,187.50/week gross. Weekly hours: 45. Effective rate: $1,187.50 ÷ 45 = $26.39/hr. The effective rate is always between your base rate and your OT rate.

Is the hourly to salary calculator accurate for non-US workers?+

Yes - the conversion formulas (Annual = Hourly × Hours × Weeks) are universal. The overtime section defaults to the US 1.5× multiplier but you can select any multiplier in the dropdown to match your local law or contract. Use the currency selector to display results in your preferred currency symbol. For local tax calculations, pair this tool with your country's tax calculator.

How much should a freelancer charge per hour compared to an employee?+

A freelancer targeting the same take-home as an employee earning a given salary typically needs to charge 30–40% more per hour. The reasons: self-employment tax adds 15.3% (both employee and employer FICA shares), there is no employer-paid health insurance (adds $5,000–$20,000/year), and unpaid downtime between contracts reduces billable hours. As a rule of thumb, multiply the equivalent employee hourly rate by 1.35 as a starting freelance rate.

🔗 Related Calculators

📌 Quick Tips

💡Standard full-time in the US is 40 hours × 52 weeks = 2,080 hours per year. Multiply your hourly rate by 2,080 for a quick annual estimate: $25/hr × 2,080 = $52,000/year.

💡The US federal minimum wage is $7.25/hour, equal to $15,080 annually at 2,080 hours. Many states have higher minimums - California sets $16/hr ($33,280/yr) as of 2024.

💡At time-and-a-half (1.5×), every overtime hour earns 50% more than a regular hour. Working 5 overtime hours per week at $25/hr adds roughly $9,750 extra per year.

💡For freelancers: your hourly rate needs to be 30–40% higher than an employee earning the same annual amount, to cover self-employment taxes (15.3%), benefits gap, and unpaid downtime.

💡Double-time (2×) is required by law in California for hours beyond 12 in a single workday and on the seventh consecutive workday. Federal law (FLSA) only mandates 1.5× for weekly hours over 40.