Annual Income Calculator
Convert any hourly, daily, weekly, bi-weekly, semi-monthly, or monthly wage into annual gross income, or back-solve an hourly rate from a salary. Handles PTO, custom schedules, and compares the result to the US median and federal minimum wage.
Frequently Asked Questions about the Annual Income Calculator
How do I convert an hourly wage to annual income?
Multiply your hourly wage by hours per week, then by weeks per year. For a US full-time schedule (40 hours x 52 weeks = 2,080 hours), the quick math is hourly wage x 2,080. So $25/hr = $52,000/yr, $30/hr = $62,400/yr, $50/hr = $104,000/yr. The calculator does the same thing, and lets you swap in any custom hours-per-week or weeks-per-year if you do not work a standard schedule.
Why does this calculator assume 2,080 hours per year?
2,080 is the arithmetic convention for 40 hours across 52 weeks and is the calculator's default. It is not the OPM divisor for federal employee hourly rates; OPM generally uses 2,087 hours. Change weekly hours and paid weeks to match the actual job rather than treating 2,080 as a universal payroll standard.
How does paid time off (PTO) affect the calculation?
If your PTO is paid (the standard for US salaried roles), leave the PTO checkbox checked. Your annual income already includes those weeks because you are paid whether you work or not. If you are hourly and take unpaid time off, uncheck the box and enter your PTO weeks. The calculator then subtracts PTO weeks from your working weeks, so the annual number reflects only the hours you actually get paid for. A two-week unpaid vacation on a $25/hr full-time job drops annual income from $52,000 to about $50,000.
What counts as full-time versus part-time?
The US Bureau of Labor Statistics defines full-time as 35 hours per week or more, and part-time as anything below that. The Affordable Care Act uses 30 hours per week as its full-time threshold for employer health-coverage requirements, and most large employers default to 40 hours as their internal standard. This calculator flags 35+ hours as full-time using the BLS rule, which is the most widely cited definition.
How does my income compare to the US median?
The calculator compares annual gross income with a fixed $60,000 internal benchmark. That value is not a current Census percentile table and mixes poorly with household-income statistics. Treat the comparison label as orientation only; use a current source that matches personal or household income, age, work status, and geography for a real percentile.
Related Calculators
More calculators in "Finance"
Salary to Hourly ConverterOvertime CalculatorHELOC CalculatorHome Equity Loan CalculatorHouse Affordability CalculatorRent Calculator
See all 219 calculators in "Finance"