Hourly to Monthly Pay Calculator
Quickly see what your hourly wage equals in monthly, weekly, and annual pay. Perfect for budgeting and comparing job offers.
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Enter your hourly wage to calculate monthly and annual pay.
Formula Explanation
Converting hourly pay to monthly and annual salaries:
Standard Hours Assumptions
This calculator assumes a standard 40-hour work week and 52 weeks per year. Monthly pay is calculated as annual pay divided by 12, which accounts for the fact that months have varying numbers of work days. Weekly pay is simply hourly rate times 40 hours. These are before-tax (gross) figures — your actual take-home pay will be lower after federal income tax, FICA (Social Security and Medicare), state income tax, and any other deductions like health insurance or 401(k) contributions.
Not all workers follow a 40-hour, 52-week schedule. If you work 35 hours/week or your employer adjusts hours seasonally, use your actual weekly hours for more accurate projections. For part-time work, scale proportionally — a 20 hr/week position at $20/hour pays the same monthly as a 40 hr/week position at $10/hour.
Hourly Pay and Overtime
For non-exempt (hourly) employees covered by the Fair Labor Standards Act, hours worked beyond 40 per week must be paid at 1.5× the regular rate. An employee earning $18/hour who works 45 hours in a week earns: 40 hours × $18 = $720, plus 5 overtime hours × $27 = $135, for a total of $855 that week — not the $810 a simple 45 × $18 calculation would suggest. If overtime is regular in your job, factor it into your monthly income estimate separately from your base hourly rate.
Frequently Asked Questions
How do paid holidays affect my actual hourly equivalent?
Paid holidays add value to an hourly position beyond the stated rate. The US average is 10 paid holidays per year. If you work 40 hours/week and receive 10 paid holidays (80 hours), your effective paid-work year is 52 weeks × 40 hours = 2,080 hours, but you only work 2,080 − 80 = 2,000 hours and still get paid for 2,080. If your employer offers paid vacation too (say, 80 additional hours), you are paid for 2,080 hours while working only 1,920 — effectively earning $18/hour × (2,080/1,920) = $19.50 equivalent in total compensation for hours actually worked. Benefits matter when comparing hourly offers.
How do I estimate my monthly take-home pay from my hourly rate?
As a rough estimate, subtract 25–30% from gross monthly pay for combined federal and state taxes plus FICA. For example, at $20/hour: gross annual = $41,600, gross monthly = $3,467. After 28% tax estimate: take-home ≈ $2,496/month. For a more accurate figure, use the IRS Tax Withholding Estimator with your specific situation, or check your first paycheck stub after starting a job. Tax withholding varies significantly based on filing status, number of dependents, pre-tax deductions (401k, HSA, health insurance), and state of residence.
How does my hourly rate compare to a salaried position?
To compare an hourly offer to a salary offer, convert both to annual equivalents. A $20/hour full-time position equals roughly $41,600/year (40 hrs × 52 weeks). Compare that to the salary offer's annual amount. But also weigh the benefits: salaried positions may offer better health insurance, retirement contributions, paid time off, and job security. Hourly positions may offer overtime pay that salaried positions do not. A salaried position paying $45,000 with excellent benefits may be worth more than an hourly position at $22/hour ($45,760/year) with no benefits, once you price in the value of employer-paid health insurance ($5,000–$15,000 annually for a family plan).