To convert an hourly wage in dollars to an annual salary, the typical calculation assumes a 40-hour workweek and 52 weeks per year (no unpaid time off). The formula is:
Annual Salary=Hourly Wage×40×52\text{Annual Salary}=\text{Hourly Wage}\times 40\times 52Annual Salary=Hourly Wage×40×52
For example:
- At $10 per hour, the annual salary is $20,800.
- At $20 per hour, the annual salary is $41,600.
- At $30 per hour, the annual salary is $62,400.
(Specific conversions for common hourly rates are available in detail
.) Conversely, to find the hourly wage from an annual salary, divide the salary by 2,080 hours (40 hours/week × 52 weeks/year). For example:
- $40,000 per year corresponds to about $19.23 per hour.
- $50,000 per year corresponds to about $24.04 per hour
Regarding current wage levels in the United States in 2025, the average hourly earnings for all employees on private nonfarm payrolls are around $36.06 per hour as of April 2025, with production and nonsupervisory employees earning about $31.06 per hour
. The average hourly wage has been increasing gradually and is projected to continue rising in coming years
. In summary, to estimate annual earnings from an hourly wage, multiply the hourly rate by 2,080 hours. For example, $31 per hour roughly equals $64,480 annually, while the national average hourly wage is currently about $31 to $36 depending on the sector
