Hourly to Monthly Salary Calculator
Need to know how much your hourly rate equals in monthly salary? Enter your hourly wage and instantly see your monthly income. Perfect for budgeting, rent applications, or understanding your monthly earnings.
Hourly to Monthly Salary Calculator
Our Hourly to Monthly Salary Calculator helps you convert your hourly wage into monthly earnings. This tool is especially useful for budgeting, understanding your monthly income, or comparing different job offers on a monthly basis.
How to Use the Hourly to Monthly Salary Calculator?
Using our calculator is straightforward:
- Enter your hourly rate in dollars
- Adjust hours worked per week (default is 40)
- Modify weeks per month if needed (default is 4.33, based on 52 weeks/12 months)
- Optionally include tax calculations by checking the box and entering your tax rate
- Click "Calculate Monthly Salary" to see your monthly income
Understanding Your Results
The calculator provides:
- Gross monthly salary - Your total monthly income before taxes
- Weekly income - Your gross weekly earnings
- After-tax income (if selected) - Your take-home pay after tax deductions
- Detailed breakdown of your earnings across different time periods
Hourly to Monthly Pay: Frequently Asked Questions
Why use 4.33 weeks per month in the calculation?
We use 4.33 weeks/month because there are 52 weeks in a year divided by 12 months (52 ÷ 12 = 4.33). This provides the most accurate monthly average, accounting for months with different numbers of weeks.
How do I calculate monthly pay from hourly wage?
Multiply your hourly rate by weekly hours, then by 4.33 weeks. Example: $25/hour × 40 hours/week × 4.33 weeks = $4,330 monthly gross pay. Our calculator automates this for you with precise calculations.
What's the difference between monthly and semimonthly pay?
Monthly pay means one paycheck per month (12 pay periods/year), while semimonthly means twice per month (24 pay periods/year). Monthly paychecks will be larger but less frequent than semimonthly.
How does overtime affect my monthly pay?
Overtime (typically hours over 40/week) is paid at 1.5× your regular rate. For $20/hour with 45 hours/week: 40 regular hours + 5 overtime hours (at $30/hr) = $950 weekly or $4,113.50 monthly (× 4.33).
What tax percentage should I use for take-home pay estimates?
For most single filers, 20-30% is typical for federal+state taxes. Married filers or those with deductions may use 15-25%. Our calculator lets you adjust this percentage for personalized estimates.
How do I account for unpaid time off in monthly calculations?
Reduce your weekly hours in the calculator to reflect average hours worked. For example, if you take 1 unpaid day off every 2 weeks at 8 hours/day, reduce weekly hours from 40 to 36 (40 - (8 ÷ 2)).
What if my hours vary significantly each week?
Use your average weekly hours over 4-8 weeks for most accurate results. Track your hours and divide total hours by number of weeks worked to find your true average for monthly budgeting.
How can I compare monthly pay to annual salary?
Multiply monthly pay by 12. Example: $3,500 monthly × 12 = $42,000 annual salary. For hourly workers, this helps compare to salaried positions when job hunting.
Does this calculator work for part-time or multiple jobs?
Yes! For part-time work, enter your actual hours. For multiple jobs, calculate each separately then add the monthly amounts together for your total monthly income.
How do bonuses or tips factor into monthly income?
Our calculator shows base pay only. For variable income like tips, average your last 3-6 months of earnings and add to your base pay for a complete monthly income picture.