Annual Income Calculator

Convert an hourly, daily, weekly, bi-weekly, semi-monthly, or monthly pay rate into gross annual income, plus its monthly, weekly, and hourly equivalents.

Quick Facts

Formula
Annual = pay rate × hours/week × weeks/year
A standard 40-hour week over 52 weeks equals 2,080 paid hours per year.
Pay frequencies
Bi-weekly = 26 checks/year; semi-monthly = 24
Two months each year contain three bi-weekly paychecks.

Your Results

Calculated
Annual income
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Gross, before taxes
Monthly income
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Annual ÷ 12
Weekly income
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Per paid week
Hourly equivalent
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Annual ÷ hours worked

Ready

Enter your pay rate and schedule, then press Calculate.

How the Annual Income Calculator works

Enter your pay amount, choose the period it covers, and set your working schedule. For an hourly rate the calculator uses the standard conversion annual income = hourly rate × hours per week × weeks worked per year; other periods are scaled by the number of pay periods in a year (daily × days/week × weeks, weekly × weeks, bi-weekly × weeks ÷ 2, semi-monthly × 24, monthly × 12). It then shows the monthly, weekly, and hourly equivalents of the same gross figure so you can compare pay quoted in different units. All results are gross — before taxes and deductions.

Gross vs. take-home pay

Gross pay is what you're quoted. Take-home pay is what hits your bank account after federal income tax, FICA (Social Security 6.2% + Medicare 1.45%), state/local taxes, health insurance premiums, and retirement contributions. For most earners in median-tax states, take-home runs 65–75% of gross.

Converting between pay periods

  • Annual → hourly: divide by 2,080 (52 weeks × 40 hours)
  • Hourly → annual: multiply by 2,080
  • Semi-monthly vs. bi-weekly: these aren't the same — bi-weekly gives 26 paychecks/year vs. 24 for semi-monthly, so two months a year have three bi-weekly checks

Comparing job offers

Normalize competing offers to annual take-home including benefits: add employer 401k match, health insurance value (often $6,000–$15,000/year), and any equity at fair value. A $10,000 higher base salary may be outweighed by a superior benefits package at the lower-paying offer.

Frequently Asked Questions

How do I convert an hourly wage to annual income?
Multiply the hourly rate by hours worked per week, then by weeks worked per year. At 40 hours per week for 52 weeks that is 2,080 hours, so $25 per hour works out to $25 × 2,080 = $52,000 in gross annual income.
What is the difference between bi-weekly and semi-monthly pay?
Bi-weekly means a paycheck every two weeks, which gives 26 checks per year; semi-monthly means two checks per month, or 24 per year. For the same annual salary each semi-monthly check is slightly larger, and two months each year contain three bi-weekly checks.
Is the result gross or net income?
The calculator returns gross income — pay before any withholding. Net (take-home) pay subtracts federal and state income tax, Social Security (6.2%) and Medicare (1.45%) payroll taxes, and deductions such as health premiums and retirement contributions, so it is always lower than the gross figure shown here.
How do unpaid weeks off affect annual income?
Reduce the weeks worked per year input. Someone earning $25 per hour for 40 hours per week with two unpaid weeks off works 50 paid weeks: 25 × 40 × 50 = $50,000 instead of $52,000 for a full 52-week year.

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