Hourly to Salary Calculator

The Hourly to Salary Calculator converts your hourly wage into equivalent annual, monthly, biweekly, weekly, and daily earnings. It accounts for your actual work schedule — hours per week and weeks per year — rather than assuming a standard 40-hour, 52-week schedule. The tool also includes an overtime section that calculates time-and-a-half or custom multiplier pay, giving you a realistic picture of total compensation.

This is useful when comparing job offers (one pays hourly, one salaried), planning your budget, applying for loans that require annual income, or evaluating whether a raise is meaningful. For the reverse calculation, use our Salary to Hourly Calculator. After converting your wage, try our Paycheck Calculator to estimate net pay after taxes.

The calculator follows a simple chain of multiplication. First, your hourly rate is multiplied by your hours per week to get weekly base pay. Overtime hours are multiplied by your rate and overtime multiplier, then added to the base. The total weekly pay is then multiplied by weeks per year for the annual figure. Monthly pay divides the annual by 12 (calendar months), biweekly multiplies weekly by 2, and daily divides weekly by 5 (assuming a standard Monday-Friday workweek).

All calculations use exact arithmetic without rounding intermediate values, ensuring the final figures are accurate to the dollar. The calculator updates in real time as you adjust any field, so you can explore scenarios like "What if I worked 45 hours with 5 hours of overtime?" instantly.

Sarah earns $32/hour as a graphic designer. She works 40 hours per week for 50 weeks per year (taking 2 weeks of unpaid vacation). She also works 4 hours of overtime per week at time-and-a-half (1.5×).

Step 1 — Base weekly pay: $32 × 40 = $1,280

Step 2 — Weekly overtime: 4 × $32 × 1.5 = $192

Step 3 — Total weekly: $1,280 + $192 = $1,472

Step 4 — Annual salary: $1,472 × 50 = $73,600

Step 5 — Monthly equivalent: $73,600 ÷ 12 = $6,133

Without overtime, Sarah would earn $64,000 annually. The 4 hours of overtime per week adds $9,600 to her annual income — a 15% boost for just 10% more hours.

Comparing job offers: One employer offers $55,000 salaried with benefits. Another offers $28/hour with no benefits. At 40 hours × 52 weeks, the hourly role pays $58,240 — but without benefits, the salaried position may be the better deal when health insurance and retirement matching are factored in.

Budgeting and financial planning: Knowing your monthly and biweekly equivalents helps align your income with recurring expenses like rent, car payments, and subscriptions. If you are paid biweekly, you receive 26 paychecks per year, not 24 — which creates two "extra" paychecks that can accelerate debt payoff or savings.

Loan and credit applications: Lenders typically ask for annual gross income. If you work hourly, this calculator gives you the exact figure to report. For mortgage applications, lenders also consider your debt-to-income ratio, which you can calculate with our Debt-to-Income Ratio Calculator.

Freelance rate setting: If you are transitioning from a salaried role to freelancing, convert your old salary to an hourly equivalent to set competitive rates. Remember to add 25-30% to cover self-employment taxes, health insurance, and gaps between contracts that employees do not face.