Salary Quick Reference
| Hourly Rate | Annual Salary (40h/wk) |
|---|---|
| $15/hr | $31,200 |
| $20/hr | $41,600 |
| $25/hr | $52,000 |
| $30/hr | $62,400 |
| $50/hr | $104,000 |
| $75/hr | $156,000 |
Hourly to Salary Calculator
Convert between hourly wage and annual salary instantly. Calculate your weekly, biweekly, monthly, and yearly income from any hourly rate — or reverse-calculate your hourly rate from a salary.
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Frequently Asked Questions
How many hours in a work year?
A standard work year is 2,080 hours (40 hours/week × 52 weeks). However, after 10 paid holidays and 2 weeks vacation, you'd actually work about 1,960 hours (49 weeks). The quick formula for an hourly-to-annual conversion: hourly rate × 2,000 ≈ annual salary (close enough for comparison).
What hourly rate equals $50,000/year?
$50,000 / 2,080 hours = $24.04/hour for a standard 40-hour workweek, 52 weeks. A useful quick approximation: divide your annual salary by 2,000 to get your approximate hourly rate. $50,000 / 2,000 = $25/hr (a tiny bit high but close for quick estimates).
The conversion
Annual = hourly rate × hours per week × 52
At $24/hour full time: 24 × 40 × 52 = $49,920.
For part-time or variable schedules, use realistic average hours rather than a contractual maximum — the difference compounds across a year.
Unpaid time changes the picture
This is the critical difference between hourly and salaried work. An hourly worker without paid leave earns nothing during time off.
Two weeks unpaid leave plus a handful of unpaid public holidays reduces the working year from 52 weeks to around 49. That $49,920 becomes closer to $47,000 in practice.
A salaried role paying $49,920 with paid leave is therefore worth meaningfully more than an hourly role calculating to the same figure.
What else to count
- Overtime — hourly roles are usually eligible; many salaried ones are not. Regular overtime can close a substantial gap.
- Health insurance — employer contributions are worth thousands and often depend on hours thresholds.
- Retirement match — eligibility and vesting can differ by employment type.
- Schedule stability — variable hours make income unpredictable even at a good rate.
Comparing an offer honestly
Convert both to annual, then adjust for paid leave, expected overtime and benefit value. The headline rate is rarely the deciding factor once those are included — and the role with the lower nominal rate sometimes wins.