To convert a yearly salary to an hourly wage, the standard method is to divide the annual salary by the total number of working hours in a year. Typically, this assumes a 40-hour workweek and 52 weeks per year, resulting in 2,080 working hours annually. For example:
- If you earn $55,000 per year, your hourly wage would be approximately $26.44 per hour ($55,000 ÷ 2,080 hours)
- Another quick mental shortcut is to take the yearly salary, drop the last three digits, and divide by 2. For $70,000, that gives about $35 per hour as an estimate
- Conversely, if you know your hourly rate and want to find the yearly salary, multiply the hourly wage by 2,080. For instance, ₹1,000 per hour translates to about ₹2,496,000 annually assuming a 48-hour workweek
In summary, the formula is:
Hourly wage=Annual salary2080\text{Hourly wage}=\frac{\text{Annual salary}}{2080}Hourly wage=2080Annual salary
This calculation assumes full-time work (40 hours/week, 52 weeks/year) and does not account for unpaid time off or overtime
. If you want a quick estimate:
- Double your hourly wage and add three zeros to approximate annual salary.
- Or divide your annual salary by 2,000 for a rough hourly wage
This method is widely used for salary conversions and budgeting purposes.
