The formula

How to Convert Hourly Pay to a Yearly Salary

Multiply your hourly wage by the hours you work each week, then by the number of weeks you’re paid each year. Going the other way, divide:

Yearly salary = hourly wage × hours per week × paid weeks per year
Hourly wage = yearly salary ÷ (hours per week × paid weeks per year)

At $20 an hour, 40 hours a week and 52 weeks a year, that’s $20 × 40 × 52 = $41,600. A $50,000 salary divided by 2,080 hours is about $24.04 an hour.

Quick reference

Hourly Wage to Salary Chart

Gross pay at 40 hours a week and 52 paid weeks, with a 30-hour week for comparison:

Gross pay before taxes. Monthly = yearly ÷ 12.

Quick reference

Salary to Hourly Chart

What common salaries work out to per hour, at a standard 40-hour week and at 45 hours, which many salaried jobs really take:

Hourly = salary ÷ (hours per week × 52). Biweekly = salary ÷ 26.

By state

Minimum Wage by State, Converted to a Yearly Salary

What a minimum-wage job pays over a year depends heavily on the state. The table converts each state’s basic minimum rate, as listed by the U.S. Department of Labor (updated July 1, 2026), into yearly pay at full time (2,080 hours) and at 30 hours a week. At the federal minimum of $7.25, a full-time year comes to $15,080.

Florida’s rate reflects the scheduled Sept. 30, 2026 increase in the Florida Constitution (Art. X, Sec. 24); all other rates are from the DOL table. Where a state has no minimum or a lower one, the federal $7.25 applies to jobs covered by the FLSA. Some cities and counties set higher local minimums, and some states have different rates for minors, students or tipped workers.

Washington, D.C. ($18.40) and Washington state ($17.13) top the list, worth $38,272 and $35,630 a year at full time. Twenty states sit at the federal $7.25, where a full-time year is $15,080 before taxes.

Paychecks

Biweekly vs. Semimonthly Pay

These sound alike but aren’t. Biweekly means every other week, which is 26 paychecks a year. Semimonthly means twice a month, usually on fixed dates such as the 15th and the last day, which is 24 paychecks. On the same $41,600 salary, a biweekly check is $1,600 and a semimonthly check is about $1,733.

Biweekly pay has one quirk. Twenty-six two-week periods cover 364 days, so paydays drift a day or two earlier on the calendar each year. Every so often that drift fits a 27th payday into a single calendar year. Your pay rate doesn’t change, but that year’s W-2 total will look higher, and budgets built on “two checks a month” get two months with three.

If you’re reading a stub for the first time, our guide to the Walmart pay stub walks through where gross pay, deductions and net pay show up.

Real hours

Adjust for Part-Time Hours and Unpaid Time Off

The 2,080-hour figure assumes you’re paid for every week of the year, including vacation and holidays. That isn’t true for everyone. In March 2026, paid vacation was available to 80 percent of private industry workers, according to the Bureau of Labor Statistics, which means about one in five weren’t offered it.

If you take two unpaid weeks off, enter 50 paid weeks instead of 52. If your hours swing from week to week, use your average from the last few pay stubs. To see how fast paid time off builds up, try our PTO accrual calculator.

Salaried jobs

What Your Salary Really Pays Per Hour

A salary converts to a neat hourly rate only if you work the hours it assumes. A $60,000 salary is about $28.85 an hour at 40 hours a week. At 50 hours a week, the same salary works out to about $23.08 an hour. Enter your real weekly hours in the calculator to see the difference.

That gap is one reason an hourly job with overtime can out-earn a salaried one. If you’re paid hourly and work past 40 hours, the overtime calculator shows what time and a half adds.

Comparing offers

Compare Two Job Offers in 4 Steps

1. Put both offers in the same unit. Convert the hourly one to yearly pay, or the salary to hourly, using the hours each job really expects.
2. Adjust for unpaid weeks. If one job has paid time off and the other doesn’t, lower the paid weeks for the job without it.
3. Add overtime if it’s regular. Steady overtime on an hourly job is real money; occasional overtime isn’t something to count on.
4. Weigh what’s not in the number. Health insurance, retirement match and schedule matter as much as a dollar or two an hour.

Starting pay can also differ by state for the same job, as our In-N-Out starting pay breakdown shows. Already have a job and want more? Our guide on how to ask for a raise covers what to say.

FAQ

Frequently Asked Questions