$31 an Hour Is How Much per Year?

Are you curious how much someone earning $31 an hour really earns in a year? Add the number of hours worked per week below to find out!

Equivalent $31/hr Salary:

Annual Salary:	$64,480.00
Monthly Pay:	$5,373.33
Biweekly Pay:	$2,480.00
Weekly Pay:	$1,240.00
Daily Pay:	$248.00

Note: daily pay is estimated for a typical 8-hour work day.

How Does This Compare?

Compared to Annual Averages:

The median salary in the U.S. is $77,719 per year.^[1]

$31 an hour is $13,239 less per year than the median annual salary.

Compared to Hourly Averages:

The average wage in the U.S. is $35.70 per hour.^[2]^[3]

$31 an hour is $4.70 less per hour than the average wage.

These calculations are based on widely-accepted formulas for educational purposes only - this is not a recommendation for how to handle your finances, and it is not an offer for employment. Consult with a financial professional before making financial decisions.

How To Convert $31 an Hour to an Annual Salary

To calculate your annual salary based on a $31 hourly wage, you need to know the number of hours worked per week (usually 40 for full-time employees) and the number of weeks worked per year (typically 52).

Then, you can use the hourly to salary formula to calculate the equivalent annual salary:

Hourly to Salary Formula

The formula to calculate the annual pay given an hourly wage is:

annual salary = hourly wage × hours per week × 52

Using the formula, we get:

$31/hr × 40 hrs × 52 wks = $64,480

Therefore, if you work 40 hours per week full-time with no overtime at $31 per hour, your equivalent salary is $64,480 per year. If you're not full-time, you can use our hours calculator to find how many hours you work for this calculation.

Yearly Pay for $31 an Hour With Overtime

If you work overtime, then you'll likely earn a time-and-a-half rate, so you'd earn $46.50 per hour of overtime in addition to $31 per hour for non-overtime hours. The following table shows the equivalent yearly salary of $31 per hour with various amounts of overtime.

Table showing the annual income after overtime for someone earning $31 per hour.
Hours per Week	Income per Year	Income per Month	Income per Week
40 Hours	$64,480	$5,373	$1,240
45 Hours	$76,570	$6,381	$1,473
50 Hours	$88,660	$7,388	$1,705
55 Hours	$100,750	$8,396	$1,938
60 Hours	$112,840	$9,403	$2,170

Learn more about how to calculate overtime pay.

How Does $31 per Hour Compare to Other Pay Rates?

Assuming you work 40 hours per week, how does $31 an hour stack up:

You can also use our pay raise calculator to see how much you would make after an increase in your hourly rate.

Note: these salary calculations are gross pay figures before income taxes and other deductions are withheld. These values will likely be lower after taxes and other withholdings are factored in. These calculations are for educational purposes only, and you should consult with a financial professional before making financial decisions.