How do I convert hourly pay to annual salary?

Multiply your hourly rate by the number of hours you work per week, then multiply by 52 (weeks in a year). For a standard full-time schedule, multiply hourly rate by 2,080. For example, $20/hour x 2,080 = $41,600 per year.

Should I include overtime in the conversion?

If overtime is a regular part of your schedule, include it separately. Calculate regular pay at the standard rate and overtime hours at 1.5x the rate, then add them together for a more accurate annual figure.

How do I compare a salaried job to an hourly job?

Convert both to the same unit (annual or hourly), then factor in benefits. A salaried job at $60,000 with health insurance and retirement matching may be worth more than an hourly job at $32/hour ($66,560) without benefits.

How to Convert Salary from Hourly to Annual

3 min readCalculators

When comparing job offers, you often need to translate between hourly rates and annual salaries. An hourly rate of $25 sounds different from a $52,000 salary, but they may be nearly equivalent. This guide shows you the conversion formulas and how to account for variables like overtime, paid time off, and part-time schedules.

Quick Steps

1
Open the Salary Converter
Go to the Salary Converter tool on Toolin.
2
Enter your wage or salary
Type your hourly rate, weekly pay, monthly pay, or annual salary.
3
Set your work schedule
Specify hours per week and weeks per year to match your actual schedule.
4
View all conversions
The tool instantly shows your pay converted to hourly, weekly, biweekly, monthly, and annual equivalents.

Salary Converter

Convert between hourly, weekly, monthly, and annual salary

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The Conversion Formulas

To convert hourly to annual: Annual Salary = Hourly Rate x Hours per Week x Weeks per Year. Using the standard 40 hours per week and 52 weeks per year, the multiplier is 2,080. So $25/hour x 2,080 = $52,000 per year. To go the other way: Hourly Rate = Annual Salary / 2,080. A $75,000 salary equals roughly $36.06 per hour.

Adjusting for Real-World Scenarios

Part-time work: use actual hours per week instead of 40.
Unpaid time off: subtract unpaid weeks from the 52-week total.
Overtime: add overtime hours at 1.5x the regular rate separately.
Benefits value: add the dollar value of health insurance, retirement matching, and other benefits to the salary for a true comparison.
Taxes: remember that the conversion shows gross pay, not take-home pay.

Quick Reference Table

$15/hour

Equals approximately $31,200 per year at 40 hours per week.

$25/hour

Equals approximately $52,000 per year at 40 hours per week.

$50/hour

Equals approximately $104,000 per year at 40 hours per week.

$75/hour

Equals approximately $156,000 per year at 40 hours per week.

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Frequently Asked Questions

How do I convert hourly pay to annual salary?: Multiply your hourly rate by the number of hours you work per week, then multiply by 52 (weeks in a year). For a standard full-time schedule, multiply hourly rate by 2,080. For example, $20/hour x 2,080 = $41,600 per year.
Should I include overtime in the conversion?: If overtime is a regular part of your schedule, include it separately. Calculate regular pay at the standard rate and overtime hours at 1.5x the rate, then add them together for a more accurate annual figure.
How do I compare a salaried job to an hourly job?: Convert both to the same unit (annual or hourly), then factor in benefits. A salaried job at $60,000 with health insurance and retirement matching may be worth more than an hourly job at $32/hour ($66,560) without benefits.