Hourly → Salary
Convert an hourly wage into annual, monthly and weekly pay based on the hours you work each week and weeks you work each year. Useful for comparing a contract rate to a salaried offer.
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Worked example
Annual: $56,000.00 · Monthly: $4,666.67 · Weekly: $1,120.00
How it’s solved
Worked on the example above, step by step — follow along and you can do it on paper next time, no tool required.
- Annualize an hourly wage by multiplying across the hours you actually work.
- Annual = hourly × hours/week × weeks/year
$28.00 × 40 × 50 = $56,000.00 - Monthly = annual ÷ 12
$56,000.00 ÷ 12 = $4,666.67 - Weekly = hourly × hours/week
$28.00 × 40 = $1,120.00
Learn the method
Inputs
- Hourly $
28 - Hrs/week
40 - Weeks/yr
50
Frequently asked
How is the annual figure found?
Annual = hourly × hours per week × weeks per year. Monthly is that divided by 12.
Should I use 50 or 52 weeks?
Use 52 for every week worked, or fewer (like 50) to account for unpaid time off.