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$15 an Hour Is How Much a Year?

$15 an hour is $31,200 a year if you work full time — 40 hours a week, 52 weeks a year, 2,080 hours in total. That works out to $2,600 a month, $1,200 per biweekly paycheck, $600 a week and $120 for an 8-hour day, all before taxes. Adjust the hours and weeks below for your own schedule.
$

52 weeks × 40 hours = 2,080 paid hours a year (the standard US full-time assumption). Enter 50 weeks to model two weeks of unpaid time off. Overtime is paid at 1.5×.

Annual salary

$31,200

Monthly

$2,600

Biweekly

$1,200

Weekly

$600

Daily (8 h)

$120

Hourly

$15.00

Gross pay before federal and state income tax, Social Security (6.2 %) and Medicare (1.45 %).

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$15 an hour by pay period

ScheduleHours / yearYearlyMonthlyBiweeklyWeekly
Full time, 40 h × 52 wk2,080$31,200$2,600$1,200$600
Full time, 2 weeks unpaid2,000$30,000$2,500$1,154$577
35 hours a week1,820$27,300$2,275$1,050$525
Part time, 30 h1,560$23,400$1,950$900$450
Part time, 20 h1,040$15,600$1,300$600$300
50 hours (10 h at 1.5×)2,600$42,900$3,575$1,650$825

How $15 an hour compares

The federal minimum wage is $7.25 an hour ($15,080 a year), though most states set a higher floor — $15 an hour is 2.1× the federal minimum. The median full-time US worker earns roughly $62,000 a year (Bureau of Labor Statistics, 2025), so $31,200 is about 50 % of the median, below the typical full-time paycheck.

The conversion is simple: hourly rate × hours per week × weeks per year. Payroll uses 2,080 hours for a full-time year; a salaried employee’s equivalent hourly rate is salary ÷ 2,080. Monthly pay is the annual figure ÷ 12 — not weekly × 4, which under-counts by about 8 %.

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