$8 an hour is how much a year?
$8 an hour is $16,640 a year before taxes, if you work 40 hours a week for 52 weeks (2,080 hours). That works out to $1,386.67 a month or $640.00 every two weeks.
Time cardBefore tax
- Rate
- $8.00
- Hours a week
- 40
- Weeks a year
- 52
- Daily 8 hours a day
- $64.00
- Weekly 40 hours
- $320.00
- Biweekly 26 paychecks
- $640.00
- Semi-monthly 24 paychecks
- $693.33
- Monthly 12 paychecks
- $1,386.67
$8.00 × 40 hours × 52 weeks = $16,640.00
How the math works
$8.00 × 40 hours = $320.00 a week, and $320.00 × 52 weeks = $16,640.00 a year. Monthly pay is the yearly total ÷ 12, so $1,386.67; a month averages 4.33 weeks, not 4. Biweekly pay is the yearly total ÷ 26 = $640.00. Amounts are rounded to the nearest cent.
$8 an hour at different weekly hours
| Hours a week | Weekly | Monthly | Yearly |
|---|---|---|---|
| 20 | $160.00 | $693.33 | $8,320.00 |
| 30 | $240.00 | $1,040.00 | $12,480.00 |
| 35 | $280.00 | $1,213.33 | $14,560.00 |
| 40 | $320.00 | $1,386.67 | $16,640.00 |
| 45 (5 at 1.5×) | $380.00 | $1,646.67 | $19,760.00 |
The 45-hour row pays the 5 hours over 40 at time and a half ($12.00 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), $8 an hour comes to $16,000 a year.
Compared with the federal minimum wage
$8 an hour is $0.75 more than the federal minimum wage of $7.25, or 1.1 times as much. Full time, the federal minimum comes to $15,080 a year, so $8 an hour earns $1,560 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
- $7.25 an hour$15,080 a year
- $9 an hour$18,720 a year
- $10 an hour$20,800 a year
- $11 an hour$22,880 a year
- $12 an hour$24,960 a year
- $13 an hour$27,040 a year
Use your own hours
Work a different schedule? Put $8 into the hourly to salary calculator with your hours and weeks. Working past 40 hours? The overtime calculator shows a week at $12.00 an hour for the extra time.