Hourly salary guide

$15 an Hour Is How Much a Year?

Based on a 40-hour work week and 52 weeks per year, $15/hour equals $31,200 per year before taxes.

$15/hour = $31,200/year

Standard assumption: 40 hours/week × 52 weeks/year

Daily

$120

Weekly

$600

Bi-weekly

$1,200

Monthly

$2,600

Annual

$31,200

Your numbers

Calculate your gross pay

Hourly rate

Hours per week

Weeks per year

The headline uses 40 hours × 52 weeks; calculator results use your current inputs.

Estimated annual salary

$31,200

before taxes and deductions

Monthly

$2,600

Bi-weekly

$1,200

Weekly

$600

Daily

$120

Hourly

$15

The formula

How hourly pay becomes salary

Multiply your hourly rate by the hours you work each week, then multiply by the number of weeks you work each year.

Annual salary formula

Hourly Rate × Hours/Week
× Weeks/Year = Annual Salary

Example: $15 × 40 × 52 = $31,200

Worked example

What does $15 an hour look like?

For a standard schedule of 40 hours per week and 52 weeks per year, $15 per hour produces $600 per week and $31,200 per year in gross pay.

Annual

$31,200

Monthly

$2,600

Bi-weekly

$1,200

Weekly

$600

Schedule planning

See how the work schedule changes the answer

How to read this estimate

The headline conversion uses a consistent 40 × 52 baseline. A different schedule changes total paid hours, so the alternate example below keeps the rate constant and changes only time worked.

Weekly hours have an especially visible effect here, so compare the standard estimate with a part-time schedule before budgeting.

A 30-hour week contains one quarter fewer hours than the 40-hour baseline, even though the hourly rate stays unchanged. That makes the alternate example useful for part-time planning. Monthly results remain gross averages, and actual cash flow still depends on the employer pay cycle and deductions applied to each check.

Gross pay, not take-home pay

Every amount on this page is gross income before federal, state, or local taxes, insurance, retirement contributions, and other payroll deductions. Use the figures to compare schedules and offers, not as a prediction of a specific paycheck or take-home amount.

Income breakdown

Standard calculation: 40 hours per week × 52 weeks per year.

Pay period	Gross amount	How it is calculated
Hourly	$15	Entered hourly rate
Daily	$120	Weekly pay ÷ 5 workdays
Weekly	$600	Hourly pay × 40 hours
Bi-weekly	$1,200	Weekly pay × 2
Monthly	$2,600	Annual pay ÷ 12
Annual	$31,200	Hourly pay × 40 × 52

How hours per week change the result

The hourly rate stays fixed; gross annual pay changes with paid time.

Hours/week	Annual pay
30	$23,400
35	$27,300
40	$31,200
45	$35,100

How weeks per year change the result

The hourly rate stays fixed; gross annual pay changes with paid time.

Weeks/year	Annual pay
48	$28,800
50	$30,000
52	$31,200

Alternate schedule

Using a 30-hour work week

At 30 hours per week and 52 working weeks, the same hourly rate produces $23,400 in gross annual pay. The standard 40 × 52 result is $31,200.

Nearby value comparison

Increasing the rate by $1 per hour changes standard gross annual pay by $2,080.

$14/hour$29,120/year−$2,080

$15/hour$31,200/year$0

$16/hour$33,280/year+$2,080

FAQ

Questions about $15 an hour

$15 an hour equals $31,200 per year at 40 hours per week and 52 weeks per year.

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