Hourly Wage Calculator
Convert between hourly, daily, weekly, monthly, and yearly pay.
Enter hours above 0 and up to 24.
Amounts are before taxes and deductions, and leave out overtime premiums.
U.S. federal minimum wage
$7.25
In effect since July 24, 2009. Many states set a higher rate.
South Korea and U.S. minimum wage by year
The U.S. federal rate has stayed at $7.25 since July 2009, but states differ: California reached $16.90 in 2026. South Korea has raised its rate every year.
- U.S. (federal)
- California
- South Korea
To compare on one scale, won are converted at an approximate rate of $1 = about ₩1,400. Yearly exchange rates and prices are not reflected, so this is not a comparison of buying power. California values are as of January 1, and 2017 to 2022 use the rate for employers with 26 or more employees.
Hourly Wage Calculator
Hourly Wage Calculator converts between hourly, daily, weekly, monthly, and yearly pay. Enter any amount you know, and it fills in the rest from your schedule.
Yearly pay = hourly rate × hours per week × 52
$20 × 40 × 52 = $41,600
Results are before taxes and deductions, and every hour uses the same rate.
How to use
- Enter any pay amount you know, and the others are converted right away.
- Set the hours per day and days per week to match your schedule.
- Click Minimum wage to calculate from the federal rate.
Key terms
Full-time hours (2,080 a year)
A full-time schedule of 40 hours a week over 52 weeks is 2,080 hours. Monthly pay is the yearly figure divided by 12, which works out to about 173.3 hours a month. Change the schedule and these hours change with it.
This assumes you are paid for all 52 weeks. If you have unpaid time off, your actual yearly pay will be lower.
Time and a half
Under federal law, covered non-exempt workers earn at least 1.5 times their regular rate for hours above 40 in a workweek. This calculator doesn’t add it, so a schedule above 40 hours a week may understate your pay.
When did the minimum wage begin?
The U.S. federal minimum wage began in 1938 and hasn’t changed since July 2009. South Korea’s began 50 years later, in 1988, split into two groups.
| First | Latest | |
|---|---|---|
| U.S. federal | $0.25 in 1938 | $7.25 since July 2009 |
| South Korea | ₩462.50 and ₩487.50 in 1988 | ₩10,700 in 2027 |
FAQ
How do I convert hourly pay to a yearly salary?
Multiply the hourly rate by the hours you work per year. At 40 hours a week, that is the hourly rate times 2,080.
What is $20 an hour per year?
At 40 hours a week for 52 weeks, it is $41,600 a year before taxes.
Why is the Korean rate shown in dollars?
So both countries fit one scale, it is converted at an approximate rate of 1,400 won per dollar. Hover over the chart to see the original won amounts.
Which minimum wage applies to me?
The federal minimum wage is $7.25 an hour. Many states have their own minimum wage laws, and employers must comply with both, so the rate where you work may be higher. Use the state link next to the calculator to check.
Is this what I actually take home?
No. Taxes and deductions are not subtracted. Check your pay stub for what you actually take home.
Is the amount I enter saved?
No. It is never saved or sent to a server. Everything is calculated in your browser.