Convert Your Hourly Wage to Annual Salary in Seconds
Curious about how your hourly wage stacks up as an annual salary? Our Hourly to Salary Calculator is your go-to tool for quick and accurate conversions.
Whether you’re weighing a job offer, planning your financial future, or just satisfying your curiosity, understanding your true annual income is crucial for making smart money moves.
Get Your Annual Salary in 7 Easy Steps
Enter Your Hourly Rate
Input your current or expected hourly wage in the ‘Hourly Rate’ field.
Specify Your Weekly Hours
Add the number of hours you typically work in a week.
Add Your Overtime Hours Per Week
Input the number of overtime hours you expect to work in a week.
Add the Overtime Rate Multiplier
Depending on your contract, this multiplier can be 1x, 1.5x, or 2x your basic hourly rate.
Input Weeks Worked Per Year
Add the number of weeks you are expected to work in a year.
Enter the Number of Paid Tie Off Per Year
Depending on your contract this can typically vary between 6 and 13.
Hit Calculate
Click the ‘Calculate’ button to see your annual, monthly, and weekly salary breakdowns.
The Math Behind Your Money
Wondering how we crunch the numbers? Our calculator uses this formula to estimate your annual salary:
Annual Salary = Hourly Rate × Hours Worked Per Week × (52 weeks - Vacation days) + Overtime Hours x Overtime Rate Multiplier x (52 weeks - Vacation days)
Let’s break it down with an example - let’s say you earn $25/hour, work 40 hours per week, no overtime, and have 10 paid vacation days (so 2 weeks). It will result in: $25/hour × 40 hours/week × 50 weeks = $50,000
Factors That Affect Your Earnings
While our calculator provides a solid foundation, remember these factors can influence your total compensation:
Bonuses and Commissions: These can vary your total compensation beyond base salary. Consider average or expected bonuses in your calculations.
Benefits: Health insurance, retirement contributions, and other perks add value to your total compensation package. Quantify these benefits when comparing job offers.
Tax Implications: Your actual take-home pay will be less than the calculated gross salary due to taxes. Consider using a tax calculator for a more accurate picture of your net income.
Our Commitment to Transparency
At Financer.com, we're committed to helping you with your finances. All our content abides by our Editorial Guidelines. We are open about how we review products and services in our Review Process and how we make money in our Advertiser Disclosure.