Knowing your annual income helps with budgeting, loan applications and comparing job offers. Remember to account for unpaid weeks off if you are paid only for hours worked.
How to use the Annual Income Calculator
- Hourly wage
- Working hours per week
- Working weeks per year
- Average tax rate
Results update as you type, and every field accepts the units shown in its menu.
How it works
Enter your hourly wage, hours per week, weeks worked per year and your average tax rate.
Inputs explained
| Field | What to enter |
|---|---|
| Hourly wage | Amount in your currency |
| Working hours per week | A number |
| Working weeks per year | A number |
| Average tax rate | In % |
What each result means
- Annual income = [Hourly wage]×[Working hours per week]×[Working weeks per year]
- Monthly income = [Annual income]÷12
- Weekly income = [Hourly wage]×[Working hours per week]
- Net annual income = [Annual income]×(1 – [Average tax rate]÷100)
- Net hourly wage = [Hourly wage]×(1 – [Average tax rate]÷100)
Example values
How the main result changes when Hourly wage changes and everything else stays at the example values above:
| Hourly wage | Annual income |
|---|---|
| 12.5 | 25,000 |
| 18.75 | 37,500 |
| 25 | 50,000 |
| 31.25 | 62,500 |
| 37.5 | 75,000 |
| 50 | 100,000 |
Formula
Annual income = hourly wage × hours per week × weeks per year
Net annual income = annual income × (1 − tax rate)
Net hourly wage = hourly wage × (1 − tax rate)
Worked example
Inputs: Hourly wage: $25; Working hours per week: 40; Working weeks per year: 50; Average tax rate: 20 %.
Results: Annual income = $50,000.00; Monthly income = $4,166.67; Weekly income = $1,000.00; Net annual income = $40,000.00; Net hourly wage = $20.00.
Frequently asked questions
How do I calculate annual income from an hourly wage?
Hourly wage × hours per week × weeks worked per year.
Is $25 an hour good?
It's about $52,000 a year for full-time work, close to the U.S. median wage.
Should I use 52 weeks?
Use the weeks you are actually paid for.