Convert your hourly wage to its equivalent annual salary and find out what you're earning per year, monthly, biweekly, and weekly. Use our free salary calculator to plan your finances, negotiate pay, or compare job offers.
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You can use our calculator to work out your annual salary and monthly wage from your hourly pay rate. Continue scrolling to learn how to calculate your annual salary manually, read a chart of common hourly pay rates and equivalent salaries and find out what the median salaried pay is in the US and UK.
How to calculate your annual salary
Quick tip: To calculate your annual salary, take your hourly wage and multiply it by the number of paid hours you work per week and then by the number of paid weeks you work per year.
Formula for calculating annual salary
Annual salary = hourly wage × hours per week × weeks per year
For guidance, a standard working week for a full-time employee is around 40 hours. Note that if you take two weeks of vacation per year, your number of weeks will be 50, rather than 52.
Example calculation
Let's go through an example. If you make $15 an hour and are paid for working 40 hours per week for 52 weeks per year, your annual salary (pre-tax) will be: 15 × 40 × 52 = $31,200.
Using this formula, you can calculate your annual, biweekly, weekly, and monthly pay. It's important to remember that these figures are pre-tax and before any deductions.
Hourly rate to annual salary chart
The following conversion chart shows annual salary based upon 52 weeks per year; weekly pay is based upon 40 working hours per week.
Hourly to salary conversion based on 40hrs/week, 52 weeks/year
Hourly Pay
Annual Salary
Monthly Pay
Weekly Pay
$10/hour
$20,800
$1,733
$400
$12/hour
$24,960
$2,080
$480
$14/hour
$29,120
$2,427
$560
$15/hour
$31,200
$2,600
$600
$16/hour
$33,280
$2,773
$640
$18/hour
$37,440
$3,120
$720
$20/hour
$41,600
$3,467
$800
$22/hour
$45,760
$3,813
$880
$25/hour
$52,000
$4,333
$1,000
$30/hour
$62,400
$5,200
$1,200
$35/hour
$72,800
$6,067
$1,400
$40/hour
$83,200
$6,933
$1,600
$45/hour
$93,600
$7,800
$1,800
$50/hour
$104,000
$8,667
$2,000
$18 per hour is how much per year?
If you're paid an hourly wage of $18 per hour, your annual salary will equate to $37,440. Your monthly salary will be $3,120 and your weekly pay will be $720. These figures are pre-tax and based on working 40 hours per week for 52 weeks of the year, with no overtime pay.
Hourly
Yearly
Monthly
Weekly
$18
$37,440
$3,120
$720
What is the US median salary?
The median — or middle — weekly pay for a full-time US worker is currently $1,096. This works out at $56,992 per year, based upon 52 weeks. There is still much gender inequality in average pay, however. While men have median earnings of $1,200 per week, women have median weekly earnings of $1,001. For the full picture by demographics, salary data is broken down by occupation and state, as well as by other factors. 1
What is the UK median salary?
The median — or middle — weekly pay for a full-time worker in the UK is currently £701. This works out at £37,490 per year, based upon 52 weeks. 2
Summary
Your annual salary can be calculated by multiplying your hourly rate by the number of hours you work each week and then by the total number of weeks you work in a year. This amount will vary based upon overtime and, depending on whether your leave days are paid. Note that your total salary figure will be pre-tax: before income taxes are applied.
As an alternative to the above, if you know your annual salary figure and want to work out what that works out as in hourly pay, you can use our salary to hourly calculator to convert it in the opposite direction.
If you're negotiating your yearly salary as part of a financial planning process to save towards a goal, you can use our interest calculators to see how any savings you make could compound over time with the help of regular saving and compound interest.
Finally, if you believe that you are underpaid as a salary worker, you can use Glassdoor's Job Explorer tool and LinkedIn to research your true market value and yearly earnings.