Finance

Salary Calculator

Convert an hourly pay rate into weekly pay and annual gross earnings. The monthly figure is an average across the year, which can be useful when setting a regular budget.

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Your inputs

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Your result

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Using the Salary Calculator

Enter paid weeks rather than assuming every week is compensated. Unpaid leave or seasonal work lowers annual earnings even when the hourly rate stays the same. The weekly figure represents a week worked at the hours entered.

Worked example

Use the example inputs below to reproduce this result. These are the form's starting values, not recommended targets. Changing your inputs updates your result above; this worked example stays fixed for comparison. Results are rounded for display.

Example inputs

Hourly pay
25
Hours per week
40
Paid weeks per year
52

Example result

Weekly gross
1,000
Annual gross
52,000
Monthly average
4,333.33
Biweekly average
2,000

Method and assumptions

Annual gross = hourly pay × weekly hours × paid weeks. Does not include overtime premiums, benefits or taxes.

Distinguish gross pay from money available to spend

A pay conversion can describe earnings before deductions without predicting the deposit into a bank account. Check which amount each input represents and whether unpaid time is included. For budgeting, keep deductions and irregular payments visible. Bonuses, benefits and payroll schedules can make an annualized estimate differ from any individual paycheck.

Common question

Why is the monthly average different from four weeks’ pay?

A year contains more than twelve four-week blocks. The calculator divides annual pay by 12, so its monthly average is not simply weekly pay multiplied by four.