If you're paid by the hour, it can be hard to compare your compensation to salaried job offers or benefits packages that quote annual figures. This calculator does the conversion instantly — hourly rate to annual income — so you can evaluate your earnings on the same terms as anyone else.
Step 1. Enter your hourly wage.
Step 2. Enter how many hours you typically work per week.
Step 3. Enter the number of weeks you work per year. The calculator outputs annual, monthly, and weekly earnings.
With the default inputs loaded in the form, the calculator produces a starting result you can use as a baseline. Change one field at a time to compare a new scenario.
The textbook calculation is simple: hourly rate × 40 hours × 52 weeks. But hourly workers often have variable schedules, seasonal slowdowns, or unpaid leave that makes the real annual figure lower than the theoretical maximum. Use your actual average weekly hours and working weeks for a more accurate estimate.
Annual income is used for a lot of financial calculations beyond just budgeting — mortgage qualification, loan applications, credit card limits, and tax filings all reference your annual income. Knowing this number accurately matters.
If you're considering switching from hourly to salaried work, this calculator helps you verify the offer is actually equivalent. A salary of $55,000 sounds better than $26/hour, but at 40 hours and 50 working weeks, $26/hour earns $52,000 — not far off. If the salaried role expects 50-hour weeks, the hourly equivalent drops to $21.15.
Not automatically. If you regularly work overtime at a higher rate, calculate your regular and overtime earnings separately, then add them together for a total annual figure.
For a complete picture of your income, yes. Add your average annual tips or bonuses to the calculator's annual result. For loan applications and tax purposes, tips are counted as income.
Enter your monthly income and key expense categories to instantly see your surplus, deficit, and savings rate.
Add up your assets and liabilities to calculate your real net worth — the true measure of your financial position.
Calculate your emergency fund target based on monthly expenses and see exactly how much more you need to save.
See your monthly cash flow by comparing income against fixed expenses, variable expenses, and savings allocations.
Disclaimer: Results from this calculator are for informational and planning purposes only and do not constitute financial, legal, or professional advice. Always verify important calculations with a qualified professional.
