Hourly to Salary Calculator
Enter your hourly rate and the hours you work and this converts it into annual, monthly and weekly pay. Set the paid weeks below 52 if you take unpaid time off — it makes more difference than people expect.
Annual salary
$104,000.00a year
- Annual
- $104,000.00
- Monthly
- $8,666.67
- Weekly
- $2,000.00
- Hours a year
- 2,080
- Gross pay before tax and deductions, which vary far too much by country and circumstance to estimate here.
- The weekly overtime figure assumes time and a half beyond 40 hours. Your threshold and multiplier may differ — check your contract or local rules.
About the hourly to salary calculator
Converting an hourly rate to a salary is multiplication, and the only real decision is how many weeks you count. Fifty a week times 40 hours times 52 weeks is $104,000 — the standard full-year figure, and the one most comparisons assume.
But 52 paid weeks assumes you are paid for every week of the year, including holidays. For an employee with paid leave that holds. For a contractor taking four weeks unpaid, the real figure is 48 weeks and $96,000 — nearly eight per cent less. That gap is the single most common error when someone compares a contract rate against a salaried job.
It cuts the other way too. Comparing a contract rate to a salary properly means adding back what the salary quietly includes: paid leave, sick pay, employer pension contributions, and often insurance. A contract rate has to be meaningfully higher than the equivalent salary to come out level.
What it works out
- Annual, monthly and weekly pay from an hourly rate
- Unpaid weeks, and what they cost
- Overtime at time and a half beyond 40 hours
- Gross pay, before tax
The formula
Annual = rate × hours per week × paid weeks
The full-year shorthand is to multiply the hourly rate by 2,080 — that is 40 hours across 52 weeks. It is why doubling your hourly rate and adding three zeros gives a decent mental estimate of the annual figure: $50 an hour is roughly $100,000 a year.
Paid weeks is where the real variation lives. An employee with four weeks of paid leave still gets 52 paid weeks and the shorthand holds. A contractor taking the same four weeks unpaid works 48, and the same rate yields nearly eight per cent less.
Overtime is handled separately because it is not part of the base calculation. The convention in many places is time and a half beyond 40 hours a week, which is what the overtime figure here uses — but thresholds and multipliers vary by country, contract and industry, so check yours.
Everything shown is gross, before tax and deductions. Those depend on where you live, your circumstances and your allowances, and vary far too much to estimate meaningfully from an hourly rate alone.
- Rate
- Your hourly rate, before tax.
- Hours
- Hours worked in a normal week.
- Paid weeks
- Weeks you are actually paid for. 52 for a salaried employee; fewer if you take unpaid leave.
A worked example
Fifty an hour, forty hours a week, paid for all fifty-two weeks.
That works out to $104,000.00 a year.
- Annual
- $104,000.00
- Monthly
- $8,666.67
- Weekly
- $2,000.00
- Hours a year
- 2,080
Questions
What is $50 an hour annually?
$104,000 a year at 40 hours a week across 52 weeks. If four of those weeks are unpaid it drops to $96,000 — a difference of $8,000 that is easy to overlook.
How do I convert hourly to salary quickly?
Multiply the hourly rate by 2,080, which is 40 hours across 52 weeks. As a mental shortcut, double the rate and add three zeros: $30 an hour is roughly $60,000.
Should I use 52 weeks or fewer?
Fifty-two if you are salaried with paid leave. Fewer if you are a contractor taking unpaid time — count only the weeks you actually invoice for.
How does a contract rate compare to a salary?
Not directly. A salary usually includes paid leave, sick pay, pension contributions and often insurance. To compare fairly, work out the contract rate over the weeks you would actually bill and add back the value of what you would be giving up.
Is this before or after tax?
Before. Tax, national insurance or social security, pension contributions and other deductions all depend on where you live and your personal circumstances, so they are not estimated here.
How is overtime calculated?
The figure shown assumes time and a half on hours beyond 40 in a week, which is a common convention. Your threshold and multiplier may differ — some contracts pay double time, some use a daily rather than weekly threshold.