Hourly to Salary Calculator

Hourly to Salary Conversion

Converting hourly wages to salary helps you compare job offers, budget monthly expenses, and understand your total annual compensation. Whether you are evaluating a new job, negotiating a raise, or planning your finances, knowing your equivalent salary is essential for informed decision-making.

Conversion Formulas

• Daily = Hourly Rate x Hours/Day
• Weekly = Hourly Rate x Hours/Week
• Bi-weekly = Weekly x 2 (26 pay periods per year)
• Semi-monthly = Annual / 24 (24 pay periods per year)
• Monthly = Annual / 12
• Annual = Hourly Rate x Hours/Week x 52

Common Hourly to Annual Conversions (40 hrs/week)

• $15/hour = $31,200/year
• $20/hour = $41,600/year
• $25/hour = $52,000/year
• $30/hour = $62,400/year
• $40/hour = $83,200/year
• $50/hour = $104,000/year

Part-Time Considerations

If you work fewer than 40 hours per week, enter your actual hours to see an accurate annual salary. Part-time employees (typically under 30-35 hours/week) should note that benefits like health insurance and retirement plans may not be included, which affects total compensation comparison.

Overtime and FLSA Rules

Under the Fair Labor Standards Act, non-exempt employees must receive 1.5x their regular hourly rate for hours worked beyond 40 in a workweek. As of 2024, the salary threshold for overtime exemption is $43,888/year ($844/week). Employees earning below this threshold are generally entitled to overtime pay regardless of job title.

Tips for Comparing Job Offers

• Add the value of benefits (health insurance, retirement match, PTO) — typically worth 20-30% of salary
• Factor in commute costs and time, which can significantly impact net earnings
• Consider work-life balance — consistent hours vs. overtime expectations
• Account for taxes — higher earnings may push you into a higher tax bracket
• Remember that hourly positions provide overtime potential while salaried roles often do not