Salary Calculator

To convert hourly wage to annual salary, multiply your hourly rate by the number of hours you work per week, then multiply by 52 (weeks per year). For example, $25/hour × 40 hours/week × 52 weeks = $52,000/year. For a more realistic estimate, use 50 weeks instead of 52 if you expect 2 weeks of unpaid time off. This calculator handles both directions — hourly to annual and annual to hourly — and also shows monthly, biweekly, and weekly equivalents.

The median household income in the U.S. is around $75,000, but this varies significantly by location. A $100,000 salary goes much further in Texas or Ohio than in California or New York due to cost of living differences. Websites like the MIT Living Wage Calculator can tell you what you need to earn to live comfortably in your specific area. A good salary is one that covers your needs, allows savings, and supports your desired lifestyle.

Under federal law (FLSA), non-exempt employees must be paid 1.5 times their regular hourly rate for all hours worked beyond 40 in a single workweek. For example, if your regular rate is $20/hour, overtime pays $30/hour. Some states have stricter rules — California requires overtime for hours over 8 in a single day and double time for over 12. Some employers voluntarily pay more than required. This calculator can factor expected overtime into your annual income projection.