Minimum Wage Annual Income Calculator
An hourly wage is easy to quote but hard to picture as a yearly figure, and that yearly figure is what matters when you are budgeting, comparing jobs or checking whether a wage covers the cost of living. This calculator turns any hourly rate into gross annual income. Enter the hourly wage, the hours worked each week and the number of weeks worked in a year, and the tool multiplies them together to show your gross yearly pay before taxes. It works for the federal minimum wage, a higher state or city minimum, or any hourly rate you choose, because the rate is left fully editable. The US Department of Labor sets the federal minimum wage under the Fair Labor Standards Act, while many states and localities set their own higher minimums, so enter the rate that applies where you work. The standard full-time assumption is 40 hours a week across 52 weeks, but you can change the hours and weeks for part-time, seasonal or part-year schedules. The result is gross income; take-home pay is lower after tax and FICA. Every figure is computed deterministically from the formula shown below, with a worked example that reconciles exactly to the calculator.
Gross annual income is the hourly wage times weekly hours times weeks per year: rate x hours x weeks. At the federal minimum of $7.25 an hour for 40 hours a week across 52 weeks, gross annual pay is $15,080.00.
Annual income formula
Gross annual income = hourly wage x hours per week x weeks per year
hourly wage = pay per hour
hours per week = scheduled weekly hours
weeks per year = weeks worked in the year (52 for a full year)
Multiply the hourly wage by weekly hours to get weekly pay, then by the weeks worked in a year. The result is gross annual income before taxes and deductions.
Worked example
Suppose the wage is the federal minimum of 7.25 dollars an hour, worked 40 hours a week across 52 weeks.
- Weekly pay = 7.25 x 40 = $290.00
- Weeks per year = 52
- Gross annual income = 290.00 x 52 = $15,080.00
The gross annual income is $15,080.00. These are the calculator's default inputs, so the result above matches the widget exactly.
Annual income at common hourly wages
Gross annual pay for 40 hours a week across 52 weeks.
| Hourly wage | Gross annual income |
|---|---|
| $7.25 | $15,080.00 |
| $10.00 | $20,800.00 |
| $15.00 | $31,200.00 |
| $20.00 | $41,600.00 |
Federal minimum wage is set by the US Department of Labor under the Fair Labor Standards Act.
Minimum wage annual income calculator: frequently asked questions
How do I turn an hourly wage into annual income?
Multiply the hourly rate by the hours worked each week, then by the number of weeks worked in a year. Hourly rate times weekly hours times weeks per year equals gross annual income before taxes. For a standard full-time schedule, that is 40 hours a week across 52 weeks. Adjust any input to match your own schedule.
What is the federal minimum wage?
The US Department of Labor sets the federal minimum wage under the Fair Labor Standards Act. Many states and cities set a higher minimum that applies instead. Because the figure changes and varies by location, this calculator leaves the hourly rate as an editable input. Enter the rate that applies where you work to see the annual equivalent.
Is this gross or net income?
It is gross income, the amount before any deductions. Take-home pay is lower because of federal and state income tax, Social Security and Medicare (FICA), and any benefit or retirement contributions. This calculator shows the gross annual figure so you can compare wages and schedules; net pay depends on your filing status, state and deductions.
How many weeks should I use?
Use 52 for a full year with no unpaid time off, which is the standard assumption. If you take unpaid weeks, reduce the number accordingly. For example, two unpaid weeks would mean 50 weeks. The weeks input is editable so you can model part-year, seasonal or term-time work as well as full-year employment.
Can I use this for part-time hours?
Yes. Enter your actual weekly hours instead of 40. The calculator multiplies hourly rate by weekly hours by weeks per year regardless of the values, so it works for part-time, full-time and overtime-free schedules alike. For irregular hours, use an average weekly figure to get a representative annual estimate.
Official sources
- Minimum wage and Fair Labor Standards Act guidance: US Department of Labor (DOL). As at 25 June 2026.
Reviewed by the CalculatorHub team, edited by James Graham, 25 June 2026. See our methodology. This is general information, not financial, tax, legal or investment advice.