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.
Tips
- Tax figures here are estimates for planning – your actual tax depends on credits, deductions and local rules.
- Check the tax year and filing status before you rely on a result.
- Use gross (before-tax) figures unless a field asks for take-home pay.
- When in doubt, confirm with the tax authority’s own calculator or a tax professional.
Common mistakes to avoid
- Confusing marginal and effective tax rates.
- Adding sales tax to a price that already includes it.
- Forgetting payroll taxes (Social Security and Medicare) on wages.
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 yearNet 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.
What formula does the Annual Income Calculator use?
Annual income = hourly wage × hours per week × weeks per year.