Hourly to Salary Calculator
Instantly convert between hourly wages and annual salary. See your pay across every period plus estimated take-home after federal taxes.
Enter either your hourly rate or annual salary — the calculator works both ways.
Enter Your Pay Details
Your Pay at Every Period
Hourly
$0
Daily
$0
Weekly
$0
Biweekly
$0
Monthly
$0
Annual
$0
Estimated Federal Tax Breakdown (2024 Single Filer)
Estimates use standard deduction ($14,600). State/local taxes not included.
What Does $X/hr Really Mean?
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Understanding Hourly vs Salary Pay
Whether you're evaluating a job offer, negotiating a raise, or just curious what your hourly wage translates to annually, understanding the math behind pay conversion is essential for making informed career and financial decisions.
The Basic Formula
Annual Salary = Hourly Rate × Hours/Week × Weeks/Year. At 40 hours/week and 52 weeks/year, simply multiply your hourly rate by 2,080 to get your annual salary. For example, $20/hour = $41,600/year.
Gross Pay vs Take-Home Pay
Your gross salary is your total pay before deductions. Take-home pay (net pay) is what you actually receive after federal income tax, Social Security (6.2%), Medicare (1.45%), and any state/local taxes. For most workers, take-home pay is 70-80% of gross.
Hourly vs Salary: Which Is Better?
Hourly workers get overtime pay (1.5x after 40 hrs), while salaried workers often get benefits like health insurance, retirement matching, and paid time off. Consider the total compensation package, not just the base rate.
Pro Tip: When comparing job offers, calculate the effective hourly rate for salaried positions by dividing the annual salary by 2,080 (or your expected actual hours). Don't forget to factor in benefits, commute costs, and work-life balance.
Pay Calculator FAQ
How much is $20 an hour yearly?
At $20/hour working 40 hours per week for 52 weeks, your annual salary is $41,600. After estimated federal taxes and FICA, your take-home pay would be approximately $33,800-$35,200 depending on your filing status and deductions.
How do I convert salary to hourly rate?
Divide your annual salary by the number of hours you work per year. For a standard 40-hour week over 52 weeks, divide by 2,080. For example, a $60,000 salary ÷ 2,080 = $28.85/hour.
Does this calculator include state taxes?
This calculator estimates federal income tax and FICA (Social Security + Medicare) only. State and local taxes vary widely — some states like Texas and Florida have no income tax, while others like California can add 10%+ in state taxes.
How much is $15 an hour annually?
$15/hour at 40 hours per week for 52 weeks equals $31,200 per year before taxes. That's $2,600/month or $600/week gross pay.
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