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$20 an hour is how much a year?

$20 an hour is $41,600 a year before taxes, if you work 40 hours a week for 52 weeks (2,080 hours). That works out to $3,466.67 a month or $1,600.00 every two weeks.

How the math works

$20.00 × 40 hours = $800.00 a week, and $800.00 × 52 weeks = $41,600.00 a year. Monthly pay is the yearly total ÷ 12, so $3,466.67; a month averages 4.33 weeks, not 4. Biweekly pay is the yearly total ÷ 26 = $1,600.00. Amounts are rounded to the nearest cent.

$20 an hour at different weekly hours

The 45-hour row pays the 5 hours over 40 at time and a half ($30.00 an hour), the federal overtime rule for non-exempt employees. All rows assume 52 paid weeks. With two unpaid weeks off (50 weeks at 40 hours), $20 an hour comes to $40,000 a year.

Compared with the federal minimum wage

$20 an hour is $12.75 more than the federal minimum wage of $7.25, or 2.76 times as much. Full time, the federal minimum comes to $15,080 a year, so $20 an hour earns $26,520 more per year. Many states have their own minimum wage laws, and some require more than the federal rate, so check your state.

Source: U.S. Department of Labor, Minimum Wage.

Nearby hourly rates

• $17 an hour$35,360 a year
• $18 an hour$37,440 a year
• $19 an hour$39,520 a year
• $21 an hour$43,680 a year
• $22 an hour$45,760 a year
• $23 an hour$47,840 a year

Use your own hours

Work a different schedule? Put $20 into the hourly to salary calculator with your hours and weeks. Working past 40 hours? The overtime calculator shows a week at $30.00 an hour for the extra time.

Going the other way? See $40,000 a year as an hourly rate.