Salary Calculator
By: Conor Keenan, AWMA®
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Convert an hourly wage to a yearly salary, or find the hourly equivalent of an annual salary. Enter your gross pay, usual hours per week and paid weeks per year to compare pay amounts on the same basis. Results are before taxes and payroll deductions.
Key Takeaways
- Hourly pay × hours per week × paid weeks per year gives an estimated annual gross income.
- At 40 hours per week and 52 paid weeks, $25 an hour equals $52,000 a year.
- Biweekly pay means every two weeks; semimonthly pay means twice a month.
- The conversion excludes overtime premiums, bonuses, commissions, benefits and payroll deductions.
In This Article
How to Use the Salary Calculator
Choose hourly or annual gross pay, then enter the amount you know. The results show its hourly, weekly, biweekly, semimonthly, monthly and annual equivalents.
Set your usual paid hours per week and the number of weeks you expect to be paid during the year. The starting assumptions are 40 hours and 52 paid weeks. Change them for a part-time schedule, seasonal work or unpaid time away.
For hourly inputs, paid weeks determine the annual estimate. For an annual salary input, changing the hours or weeks changes the hourly equivalent; it does not reduce the annual salary you entered. Include paid vacation in your paid weeks rather than subtracting it as unpaid time.
The weekly and biweekly results are averages across a 52-week year. If you work only part of the year, these averages can be lower than your pay during a working week. Use your employer's actual pay schedule when planning cash flow.
How to Convert Hourly Pay to Annual Salary
Multiply your hourly rate by your paid hours per week, then by your paid weeks per year:
Annual gross income = hourly rate × hours per week × paid weeks per year
For example, $25 × 40 × 52 = $52,000. With the same hourly rate and weekly hours but 50 paid weeks, the annual estimate falls to $50,000.
These examples use the same hourly rate for every hour. They do not calculate an overtime premium or determine whether you qualify for overtime.
| Hourly rate | Annual gross income at 40 hours and 52 paid weeks |
|---|---|
| $20 | $41,600 |
| $25 | $52,000 |
| $30 | $62,400 |
| $35 | $72,800 |
| $40 | $83,200 |
| $50 | $104,000 |
How to Convert Annual Salary to Hourly Pay
Divide the annual salary by your paid hours for the year:
Hourly equivalent = annual salary ÷ (hours per week × paid weeks per year)
A $60,000 salary divided by 2,080 hours—40 hours × 52 weeks—is approximately $28.85 an hour. At 30 hours per week and 52 paid weeks, the same annual salary is approximately $38.46 an hour.
An hourly equivalent helps you compare compensation amounts. It does not change how your employer classifies or pays your position. Compare paid leave, benefits, expected hours and other compensation alongside the number.
Biweekly and Semimonthly Pay
Biweekly and semimonthly schedules produce different amounts per payment. Using the calculator's standard assumptions, a $60,000 annual salary works out as follows:
| Frequency | Periods used per year | Gross amount per period |
|---|---|---|
| Weekly | 52 | $1,153.85 |
| Biweekly | 26 | $2,307.69 |
| Semimonthly | 24 | $2,500.00 |
| Monthly | 12 | $5,000.00 |
This is a standard annual conversion, rather than a dated payroll calendar. Some calendar years have 27 biweekly paydays. Check your employer's schedule and salary treatment for the amount you will actually receive. ADP explains these payroll-calendar differences.
Gross Pay and Take-Home Pay
Gross pay is earnings before payroll deductions. Take-home pay is the amount left after applicable taxes and other deductions, such as insurance premiums or retirement contributions. ADP's gross and net pay guide explains the distinction.
Use this calculator to compare base pay amounts. For a spending plan, use your actual take-home pay from a pay statement. An offer with a larger gross salary may also involve different working hours, benefits or employment costs.
Once you know what you can set aside, explore our financial calculators for other planning tasks.
Frequently Asked Questions
How much is $30 an hour per year?
At 40 hours per week and 52 paid weeks, $30 an hour is $62,400 a year before taxes and deductions. Change the hours or paid weeks to match your schedule.
How much is $60,000 a year per hour?
A $60,000 annual salary is approximately $28.85 an hour using 40 hours per week and 52 paid weeks. The result changes with the number of paid hours you use.
Does this calculator include taxes or overtime?
No. It converts the gross pay amount you enter using a consistent base rate. It does not calculate tax withholding, overtime premiums, bonuses, commissions or the value of benefits.
Should I use 50 or 52 paid weeks?
Use the number of weeks covered by your pay. If you receive pay throughout the year, including paid leave, 52 is a reasonable annual conversion assumption. If you have two weeks without pay, use 50. For an annual salary input, the annual amount remains the amount you entered.