Hourly to annual salary calculator
Quoted a rate by the hour but want to know what that means across a full year? This tool converts an hourly wage into annual, monthly, and weekly gross pay figures, accounting for the hours you work each week and any unpaid time off. Use it to compare a job offer against a salaried role, plan a budget, or check whether a freelance contract rate matches an equivalent employment salary.
How it works
The calculator multiplies your inputs in sequence:
- Weekly pay = hourly rate × hours per week
- Paid weeks = weeks per year − unpaid weeks off
- Annual pay = weekly pay × paid weeks
- Monthly pay = annual pay ÷ 12
Subtracting unpaid weeks before calculating the annual figure is important: it means taking unpaid leave lowers your yearly total even though the hourly rate is unchanged. All results are gross — before income tax, national insurance, or any other deductions.
Worked examples
Standard full-time, no unpaid leave: At $20/hr, 40 hrs/week, 52 paid weeks:
- Weekly: $20 × 40 = $800
- Annual: $800 × 52 = $41,600
- Monthly: $41,600 ÷ 12 = $3,467
Part-time with unpaid leave: At $25/hr, 30 hrs/week, 48 paid weeks (4 weeks unpaid):
- Weekly: $25 × 30 = $750
- Annual: $750 × 48 = $36,000
- Monthly: $36,000 ÷ 12 = $3,000
Standard UK full-time at £15/hr:
- Annual: £15 × 37.5 × 52 = £29,250
Quick reference table
| Hourly rate | 40 hrs/wk, 52 weeks | 37.5 hrs/wk, 52 weeks | 40 hrs/wk, 48 weeks |
|---|---|---|---|
| $15 | $31,200 | $29,250 | $28,800 |
| $20 | $41,600 | $39,000 | $38,400 |
| $25 | $52,000 | $48,750 | $48,000 |
| $30 | $62,400 | $58,500 | $57,600 |
| $50 | $104,000 | $97,500 | $96,000 |
Comparing hourly to salaried offers
When a salaried job advertises £35,000 and a contract role offers £20/hr, the comparison depends on hours and leave. A standard 37.5-hour UK week over 52 weeks gives £20 × 37.5 × 52 = £39,000 — higher gross than the salary. But a salaried role typically includes paid holiday (28 days statutory in the UK), sick pay, and employer pension contributions that an hourly or contract role may not include. The contractor at £20/hr must fund those benefits from the rate difference.
Common mistakes to avoid
- Using net pay instead of gross: The 30% rent rule, mortgage affordability, and most financial ratios use gross (pre-tax) income. The calculator gives gross; run a separate tax calculation for take-home.
- Forgetting unpaid weeks: A contractor who takes 6 weeks off without pay earns 6 × weekly pay less than the raw 52-week figure. Always enter the actual paid weeks.
- Conflating hours: Part-time roles may advertise an hourly rate but mean 20 or 25 hours/week, not 40. Always enter the actual contracted hours to get a valid annual comparison.