How to Calculate Your Yearly Salary from an Hourly Wage (The Easy Way!)

Ever looked at your hourly wage and wondered, โ€œSo, how much is that per year?โ€ Whether you’re comparing job offers or just trying to plan your budget, itโ€™s super helpful to know your annual salary.

The good news? The math is simpleโ€”and weโ€™ve got an infographic to help too!

๐Ÿ’ต Why Itโ€™s Useful to Know Your Yearly Salary

Even if youโ€™re paid by the hour, most financial stuffโ€”like rent applications, loans, and taxesโ€”ask for your yearly income.

Knowing your yearly salary can help you:

  • ๐Ÿ’ฐ Plan your budget
  • ๐Ÿก Apply for housing or credit
  • ๐ŸŽฏ Set savings goals

๐Ÿงฎ How to Calculate It

Hereโ€™s 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

โžก๏ธ So the simple formula becomes:

Yearly Salary = Hourly Wage ร— 40 ร— 52

๐Ÿงพ Example Time!

Letโ€™s say you earn $20 per hour:

$20 ร— 40 = $800/week  
$800 ร— 52 = $41,600 per year

๐ŸŽ‰ That means your yearly salary is $41,600 (before taxes)!

๐Ÿ”„ 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

๐Ÿงฎ Yearly Salary Calculator

Use the tool below to calculate your annual salary. Enter hourly wage and number of hours worked per week.

๐Ÿšจ Donโ€™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.

โœ… Quick Recap

Hourly RateHours/WeekEstimated Yearly Salary
$1540$31,200
$2040$41,600
$2540$52,000
$3040$62,400