Ever looked at your hourly wage and wondered, โSo, how much is that per year?โ Whether you’re comparing job offers or just trying to plan your budget, itโs super helpful to know your annual salary.
The good news? The math is simpleโand weโve got an infographic to help too!
Table of Contents
๐ต Why Itโs Useful to Know Your Yearly Salary
Even if youโre paid by the hour, most financial stuffโlike rent applications, loans, and taxesโask for your yearly income.
Knowing your yearly salary can help you:
- ๐ฐ Plan your budget
- ๐ก Apply for housing or credit
- ๐ฏ Set savings goals
๐งฎ How to Calculate It
Hereโs the quick formula:
Yearly Salary = Hourly Wage ร Hours per Week ร Weeks per Year
In most full-time jobs, that means:
- 40 hours per week
- 52 weeks in a year
โก๏ธ So the simple formula becomes:
Yearly Salary = Hourly Wage ร 40 ร 52
๐งพ Example Time!
Letโs say you earn $20 per hour:
$20 ร 40 = $800/week
$800 ร 52 = $41,600 per year
๐ That means your yearly salary is $41,600 (before taxes)!

๐ 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 ร 25 ร 52 = $19,500/year
๐งฎ Yearly Salary Calculator
Use the tool below to calculate your annual salary. Enter hourly wage and number of hours worked per week.
๐จ Donโt 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.
โ 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 |