Hourly Wage Calculator
Convert hourly wage to annual, monthly, weekly, and biweekly pay.
Results update as you type.
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How it works
An hourly wage calculator converts your pay to equivalent annual or periodic figures, essential for comparing job offers, evaluating a raise, negotiating salary, or building an accurate budget. An hourly worker's total annual earnings depend on three variables: the hourly rate, weekly hours, and how many weeks per year they work. Full-time employment is conventionally 40 hours per week for 52 weeks, yielding 2,080 annual hours — so $25/hour equals $52,000 per year. However, part-time workers, seasonal employees, independent contractors, and those with unpaid weeks off will have different annual totals. When comparing a salaried offer to an hourly position, consider that salaried workers may work more than 40 hours without additional compensation, effectively reducing their implied hourly rate. For example, a $60,000 salaried employee working 50 hours per week earns $23.08 per hour, while a $28/hour hourly employee working 40 hours earns $58,240 — close in total pay but with the hourly worker's extra hours compensated. In contrast, hourly workers may receive overtime pay (1.5× their regular rate) for hours worked beyond 40 per week under the Fair Labor Standards Act, which can significantly boost annual earnings for those who regularly work overtime. Use this hourly wage calculator to standardize all pay options into a common annual figure before making comparisons.
Annual = Hourly Rate × Hours per Week × Weeks per Year
Multiplying the hourly rate by weekly hours gives weekly earnings, and multiplying that by the number of annual work weeks gives the yearly total — capturing exactly how much time is sold at the stated price. Monthly pay is the annual figure divided by 12; biweekly is annual divided by 26 (26 two-week periods per year); weekly is hourly rate times hours per week. Daily pay assumes an 8-hour workday regardless of the weekly hours setting.
Source:Bureau of Labor Statistics — Wage Calculations
We review all our tools from time to time to ensure accuracy.
Worked example
How to use this calculator
- 1
Enter your values
Enter hourly rate.
- 2
Adjust the options
Adjust hours per week and weeks worked per year if they apply — sensible defaults are already set.
- 3
Read your result
Annual salary updates instantly as you type — no button to press.
Frequently asked questions
What is the federal minimum wage?
The federal minimum wage in the United States is $7.25 per hour, unchanged since 2009 — the longest period without an increase in federal minimum wage history. However, many states, cities, and counties have set their own higher minimum wages. As of 2025, over 30 states have minimum wages above the federal level, ranging from $8 to $17 per hour. California, New York, Washington, and the District of Columbia have some of the highest state minimums. Workers are entitled to the higher of the applicable federal, state, or local minimum wage.
What is overtime pay?
Under the Fair Labor Standards Act, non-exempt hourly employees must receive at least 1.5 times their regular pay rate for hours worked beyond 40 in a single workweek. Some states (California, Alaska, Nevada) also require daily overtime for hours beyond 8 in a day. Salaried employees classified as 'exempt' under the FLSA's duties tests and earning above a minimum salary threshold (currently $684/week) are not entitled to overtime. Independent contractors and gig workers are generally not covered by overtime requirements, though misclassification disputes are common.
How do I calculate my hourly rate from my annual salary?
Divide your annual salary by the total number of annual work hours. Standard full-time employment in the US is 2,080 hours (52 weeks × 40 hours). A $60,000 salary equals $28.85/hour. If your actual hours differ — say, 45 hours per week — divide by 2,340 hours instead (52 × 45 = 2,340), giving $25.64/hour. This effective hourly rate is useful for comparing salary offers against hourly positions and for understanding the true value of unpaid overtime if you're salaried.
Should I take a salaried or hourly job?
The choice between salaried and hourly employment involves trade-offs beyond pay rate. Hourly workers benefit from overtime compensation, precise pay for hours worked, and clearer boundaries between work and personal time. Salaried workers typically receive more comprehensive benefits (health insurance, PTO, retirement matching), greater job security, more advancement opportunities, and higher status in many industries. Salaried positions can require unpredictable hours without additional pay. Consider the full compensation package — benefits value, flexibility, growth trajectory, and work-life expectations — not just the base pay rate.
What is the living wage in the US?
A living wage is the hourly rate a full-time worker needs to cover basic living expenses without relying on public assistance. MIT's Living Wage Calculator estimates the living wage by county, family size, and number of workers. For a single adult with no children, the average US living wage is approximately $21–$25/hour as of 2024, though it varies enormously by location — from around $16/hour in rural Mississippi to $30+/hour in San Francisco or New York City. The living wage typically significantly exceeds the federal minimum wage, which is why many economists and advocates support raising the federal floor.