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