An hourly rate of $15.00 equates to a weekly pay of $600, monthly pay of $2,600, and an annual salary of $31,200.
To calculate the hourly rate, you will need to know these variables: the number of work weeks per year (usually 52 or 50), the number of work hours weekly, and the annual salary. Then, you will apply the following formula:
Hourly rate = Salary per year / (Hours per week × Weeks per year)
For example, for a salary of $55,000, with 52 work weeks in a year and 40 hours worked weekly, we have $55,000/(50 x 40) = $27.5.
To calculate your hourly pay considering the monthly salary, then multiply your monthly figure by 12 (number of months per year) and then divide it by the number of hours you work per week and again by the number of paid weeks you work each year. In this case, the formula looks like this:
Hourly = (Monthly salary × 12 / Hours per week) / Weeks per year
Example: If you earn $3,000 per month and work a 40-hour week for 52 paid weeks per year, your calculation would be:
(3000 × 12 / 40) / 52 = 1200/52 = $23,07 per hour
Are you interested in knowing how much per hour is $50,000, 60,000, or $70,000 a year? The salary conversion table provides the answers for the most common salaries, not only in hourly but weekly and monthly amounts.
| Yearly | Monthly | Weekly | Hourly |
|---|---|---|---|
| $40,000 | $3333.33 | $769.23 | $19.23 |
| $45,000 | $3750.00 | $865.38 | $21.63 |
| $50,000 | $4166.67 | $961.54 | $24.04 |
| $55,000 | $4583.33 | $1057.69 | $26.44 |
| $60,000 | $5000.00 | $1153.85 | $28.85 |
| $65,000 | $5416.67 | $1250.00 | $31.25 |
| $70,000 | $5833.33 | $1346.15 | $33.65 |
| $75,000 | $6250.00 | $1442.31 | $36.06 |
| $80,000 | $6666.67 | $1538.46 | $38.46 |
| $85,000 | $7083.33 | $1634.62 | $40.87 |
| $90,000 | $7500.00 | $1730.77 | $43.27 |
| $95,000 | $7916.67 | $1826.92 | $45.67 |
| $100,000 | $8333.33 | $1923.08 | $48.08 |
Note: Calculations assume 52 weeks per year and 40 hours per week.
The median weekly pay for a full time US worker is $1,192 in 2025. This means at $61,984 per year, based upon 52 weeks according to Bureau of Labor Statistics. USA.
Related: Salary to hourly converter