Ever looked at your hourly wage and wondered, “So, how much is that per year?” Whether you’re comparing job offers or just trying to plan your budget, it’s super helpful to know your annual salary.
The good news? The math is simple—and we’ve got an infographic to help too!
Table of Contents
💵 Why It’s Useful to Know Your Yearly Salary
Even if you’re paid by the hour, most financial stuff—like rent applications, loans, and taxes—ask for your yearly income.
Knowing your yearly salary can help you:
- 💰 Plan your budget
- 🏡 Apply for housing or credit
- 🎯 Set savings goals
🧮 How to Calculate It
Here’s the quick formula:
Yearly Salary = Hourly Wage × Hours per Week × Weeks per YearIn most full-time jobs, that means:
- 40 hours per week
- 52 weeks in a year
➡️ So the simple formula becomes:
Yearly Salary = Hourly Wage × 40 × 52🧾 Example Time!
Let’s say you earn $20 per hour:
$20 × 40 = $800/week
$800 × 52 = $41,600 per year🎉 That means your yearly salary is $41,600 (before taxes)!
🔄 What If You Work Part-Time?
No problem! Just plug in the average number of hours you work each week.
Example:
- $15/hour
- 25 hours/week
- 52 weeks/year
$15 × 25 × 52 = $19,500/year🧮 Yearly Salary Calculator
Use the tool below to calculate your annual salary. Enter hourly wage and number of hours worked per week.
🚨 Don’t Forget: This Is Gross Income
This is your salary before taxes or deductions. Your take-home pay (what actually goes into your bank account) will be lower.
✅ Quick Recap
| Hourly Rate | Hours/Week | Estimated Yearly Salary |
|---|---|---|
| $15 | 40 | $31,200 |
| $20 | 40 | $41,600 |
| $25 | 40 | $52,000 |
| $30 | 40 | $62,400 |