# Hourly Wage Calculator

Created by Gabriela Diaz
Reviewed by Komal Rafay
Based on research by
Baye, M. Managerial Economics and Business Strategy (2009)
Last updated: Sep 19, 2023

With the help of this hourly wage calculator, you can easily determine your annual salary and pay wages for various time frames (e.g., daily, weekly, monthly) by indicating your hourly wage and weekly work hours.

• How to calculate your hourly wage;

• What is the difference between a wage and a salary;

• How to use this hourly pay calculator;

• How to calculate your weekly wage based on your hourly rate.

Let's earn some knowledge! 💰

## How do I figure out my hourly wage from my salary?

1. Find out your annual salary.

2. Establish your weekly work hours.

3. Use the hourly wage to salary formula:

hourly wage = annual salary / ( weekly hours × 52)

For instance, let's consider an example where your annual salary is $60,320, and you work 40 hours per week: hourly wage = 60,320$/yr / ( 40 h/wk × 52 wk/yr)

hourly wage = $29 per hour ## What's the difference between a wage and a salary? A wage is usually based on an hourly rate, and the total amount you get paid varies with the total hours worked, including overtime. It is commonly associated with part-time or hourly jobs. In contrast, a salary is a fixed amount paid regularly (monthly or biweekly), regardless of the hours worked. Salaried positions are often full-time, with fixed schedules. Overtime compensation for salaried employees depends on internal company regulations. ## How to use this hourly wage calculator Using this hourly pay calculator is quite straightforward: 1. Enter your Hourly wage. 2. Input the number of Hours per week you work. 3. The calculator will instantly display your salary for different time frames, including daily, weekly, monthly, and annual periods. Like all our tools, this hourly rate salary calculator works in any direction. This means that, for example, you can calculate your hourly rate by indicating your weekly work hours and monthly salary or any other wage frequency. 🙋 To explore additional wage frequencies, click on the Advanced mode of the calculator. ## Other wage calculators! If you found this hourly income calculator useful, you may be interested in exploring our other wage-related tools: ## FAQ ### What's the hourly rate for a$40,000 annual salary?

The hourly rate is $19.23, based on a 40-hour workweek. To obtain this value, you can follow these steps: 1. Use the hourly wage to salary formula: hourly wage = annual salary / ( weekly hours × 52) 2. Substitute the annual salary and weekly work hours: hourly wage = 40,000$/yr / ( 40 hr/wk × 52 wk/yr)

3. Calculate the hourly pay:

hourly wage = $19.23 per hour ### How do I calculate my weekly wage based on my hourly rate? To calculate your weekly wage given your hourly rate, follow these steps: 1. Apply the hourly wage to weekly wage formula: weekly salary = hourly wage × weekly hours 2. Substitute your specific hourly wage and work hours per week. 3. Perform the necessary calculations to get your weekly salary. ### What's my annual salary for a$21 hourly wage?

The annual salary is $43,680 for a 40-hour workweek. You can calculate this by following these steps: 1. Use the hourly wage to annual salary formula: annual salary = hourly wage × weekly hours × 52 2. Substitute the hourly wage and weekly work hours: annual salary = 21$/hr × 40 h/wk × 52 wk/yr

3. Perform the calculations to obtain your result:

annual salary = $43,680 per year Gabriela Diaz Hourly wage Hourly wage$
Hours per week
Salary for time frames
Daily wage
$Weekly wage$
Monthly wage
$Annual salary$
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