How this calculator works
Gross conversion at the hours you enter, 52 weeks a year. Tax and deductions vary by country and situation, so this shows pay before them.
- Yearly from hourly = hourly rate × hours per week × 52.
- Yearly from daily = daily rate × 5 × 52. From weekly = × 52. From monthly = × 12.
- Monthly = yearly ÷ 12, weekly = yearly ÷ 52, daily = yearly ÷ 260, hourly = yearly ÷ (hours × 52).
Worked example
With these inputs: amount $22; per Hour; hours per week 40.
The result is per year (gross) $45,760.00, with per month $3,813.33 and per week $880.00.
Quick reference at 40 hours a week
A full-time year at 40 hours a week is 2,080 hours, so a quick estimate is hourly × 2,080. $15/hour ≈ $31,200 a year, $20 ≈ $41,600, $25 ≈ $52,000, $30 ≈ $62,400.
Going the other way, divide a salary by 2,080 for the hourly equivalent. For part-time or overtime schedules, change the hours field to match.
From gross pay to a budget
Rent and lender guidelines usually use gross monthly income, which is the "per month" line here. Your day-to-day budget should use take-home pay after taxes, so plug the net amount from your pay stub into the Paycheck Budget or 50/30/20 calculators.
Frequently asked questions
How do I convert hourly pay to annual salary?
Multiply the hourly rate by hours per week, then by 52. At 40 hours a week that's the rate × 2,080.
How much is $20 an hour per year?
About $41,600 a year before tax at 40 hours a week, or $3,467 a month.
Does this include paid time off?
It assumes you're paid for all 52 weeks, which is true for salaried roles and hourly jobs with paid holidays and vacation. If you take unpaid weeks off, reduce the result proportionally.
Why is monthly income not weekly × 4?
A year has 52 weeks, which is about 4.33 weeks a month. Multiplying weekly pay by 4 undercounts a month by roughly 8%.