Income

Minimum Wage Calculator

Convert a minimum wage or any hourly rate to weekly, monthly, and annual earnings — see your full pay breakdown instantly.

Updated June 2026 · Editorial standards

Work Schedule

$
hrs
wks
Annual Pay
$15,080.00
Monthly Pay
$1,256.67
Biweekly Pay
$580.00
Weekly Pay
$290.00
Daily Pay
$58.00
Overtime Rate
$10.88

At $7.25/hr for 40 hrs/week, you earn $290.00/week and $15,080/year gross. Overtime hours earn $10.88/hr.These are gross earnings before federal income tax (~10–12% at this income) and FICA (7.65%). Take-home is typically 80–85% of gross at minimum-wage income levels.

By the KalkWise Editorial Team Reviewed for accuracy Updated June 2026

What is the minimum wage calculator — hourly to annual salary?

In short

The federal minimum wage is $7.25/hour (unchanged since 2009). Working 40hrs/week, that's $290/week, $1,257/month, and $15,080/year gross. State minimums range from $7.25 (19 states) up to $17.50 in Washington DC and $16.66 in Washington state.

This minimum wage calculator converts any hourly rate — including your state's minimum wage — to daily, weekly, biweekly, monthly, and annual gross earnings. It also shows the overtime rate (1.5×) required under federal FLSA for hours over 40/week.

How to use this calculator

  1. 1Enter the hourly wage (the page pre-fills your state's minimum if you came from a state page).
  2. 2Adjust hours per week — 40 is standard full-time.
  3. 3Adjust weeks per year if you take unpaid time off.
  4. 4Read your weekly, monthly, and annual gross earnings, plus the overtime rate.

The formula

weekly pay=hourly rate×hours / week
annual pay=weekly pay×weeks / year
OT rate=hourly rate×1.5
Weekly pay = hourly rate × hours/week. Annual pay = weekly pay × weeks/year. Monthly pay = annual pay ÷ 12. Overtime = hourly rate × 1.5 (for hours over 40/week under FLSA).
hourly rate
Your base hourly wage or minimum wage
weekly pay
Hourly rate × hours per week
annual pay
Weekly pay × weeks per year
overtime rate
Hourly rate × 1.5 — required for hours over 40/week under FLSA

Worked example

The scenario

Worker earning $15/hour, 40 hours/week, 52 weeks/year.

gives

The result

Weekly: $600. Biweekly: $1,200. Monthly: $2,600. Annual: $31,200 gross. Overtime rate: $22.50/hr.

Common use cases

  • Checking what your state's minimum wage translates to annually
  • Comparing hourly wages across states before relocating
  • Calculating how much a $1 raise adds to annual income
  • Budgeting as a minimum wage or hourly worker

Limitations & assumptions

  • These are gross (pre-tax) earnings. Federal income tax, FICA (7.65%), and any state income tax reduce take-home pay.
  • Tipped workers may have a lower base wage; tips must bring total hourly pay to at least the applicable minimum.
  • Some workers are exempt from federal or state minimums — farm workers, some small business employees, certain apprentices.
  • Local city or county minimums may be higher than the state rate shown.

Frequently asked questions

The federal minimum wage is $7.25/hour and has not changed since July 24, 2009 — over 15 years. Working 40hrs/week, that's $290/week or $15,080/year gross before taxes. 19 states and territories still use the federal floor.

Disclaimer: KalkWise calculators are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Results are estimates based on the figures you enter and the assumptions described above. Actual outcomes will vary. Consult a qualified professional before making financial decisions.