Hours to Money Calculator (Time to Pay, Minutes & Overtime)

Convert hours to money by entering the hours and minutes worked and your hourly rate, with optional overtime, or find the hours needed to earn an amount.

Hours ↔ Earnings (Rate = $15/hr)
Hours to Earnings	Earnings to Hours
1 hr = $15.00	$50 = 3.33 hrs
2 hrs = $30.00	$100 = 6.67 hrs
4 hrs = $60.00	$200 = 13.33 hrs
8 hrs = $120.00	$300 = 20.00 hrs
10 hrs = $150.00	$500 = 33.33 hrs
20 hrs = $300.00	$750 = 50.00 hrs
40 hrs = $600.00	$1,500 = 100.00 hrs
E = H x R

Hours ↔ Earnings (Rate = $20/hr)
Hours to Earnings	Earnings to Hours
1 hr = $20.00	$50 = 2.50 hrs
2 hrs = $40.00	$150 = 7.50 hrs
4 hrs = $80.00	$250 = 12.50 hrs
8 hrs = $160.00	$500 = 25.00 hrs
10 hrs = $200.00	$1,000 = 50.00 hrs
20 hrs = $400.00	$2,000 = 100.00 hrs
40 hrs = $800.00	$4,000 = 200.00 hrs
E = H x R

Hours To Money Formula

Multiply total hours worked by the hourly rate to get gross earnings:

E = H \times R

E = gross earnings ($), H = paid hours, R = hourly rate ($/hr). For covered, nonexempt employees, federal overtime generally requires at least 1.5 times the regular rate for hours worked over 40 in a workweek. Exceptions and higher state standards may apply. This calculator uses your entered regular and overtime allocation:

E = (Regular Hours x R) + (Overtime Hours x 1.5R)

Example: 45 hrs at $20/hr = (40 x $20) + (5 x $30) = $800 + $150 = $950 gross

US Median Hourly Wages by Occupation

Median Hourly Wage by Occupation (BLS OEWS, May 2023)
Occupation	Median Hourly	Annual equivalent (hourly x 2,080)
Software Developer	$63.59/hr	$132,267/yr
Registered Nurse	$41.38/hr	$86,070/yr
Accountant / Auditor	$38.41/hr	$79,893/yr
Electrician	$29.61/hr	$61,589/yr
Truck Driver (Heavy)	$26.12/hr	$54,330/yr
All US Occupations (median)	$23.11/hr	$48,069/yr
Construction Laborer	$21.78/hr	$45,302/yr
Retail Salesperson	$16.19/hr	$33,675/yr
Food Preparation Worker	$15.59/hr	$32,427/yr
Federal Minimum Wage	$7.25/hr	$15,080/yr
Sources: BLS OEWS May 2023 historical median hourly wages. Annual equivalents use the displayed hourly rate x 2,080 hours, rounded to dollars; they are not separate BLS annual medians. Federal minimum wage is $7.25/hr, effective July 24, 2009. Many states have higher minimum wages.

Work Hours Required to Cover Monthly Expenses

At an illustrative gross wage of $22/hr, these example monthly expenses can be expressed in work hours. The amounts are assumptions, not national averages. Gross hours exclude income tax deductions.

Illustrative Monthly Expenses in Work Hours at $22/hr
Monthly Expense	Example Monthly Cost	Gross Work Hours	Work Days (8-hr)
Rent	$2,000	90.9 hrs	11.4 days
Groceries	$519	23.6 hrs	3.0 days
Transportation (car, gas, insurance)	$537	24.4 hrs	3.1 days
Utilities (electric, gas, water)	$370	16.8 hrs	2.1 days
Total (rent + food + transport + utilities)	$3,426	155.7 hrs	19.5 days
Illustrative assumptions, not measured national averages. A 40-hour week over 52 paid weeks averages 173.3 hrs/month and $3,813 gross/month at $22/hr. These example expenses consume about 90% of gross before taxes.

Effective Hourly Rate

Your nominal hourly rate covers paid hours. These illustrative scenarios include unpaid commute and preparation time in the total time spent, reducing the effective rate without changing gross pay:

Effective Hourly Rate at $22/hr After Daily Commute and Prep Time
Scenario	Extra Daily Time	Total Hrs/Day	Effective Rate	Annualized Rate Difference
Remote, no commute	0 min	8.0 hrs	$22.00/hr	$0/yr
Short commute + prep (45 min)	45 min	8.75 hrs	$20.11/hr	$3,922/yr
Commute + prep (75 min)	75 min	9.25 hrs	$19.03/hr	$6,184/yr
Long commute + prep (2 hrs)	120 min	10.0 hrs	$17.60/hr	$9,152/yr
Formula: Effective rate = (8 paid hrs x nominal rate) / total daily hrs. Annualized rate difference = (nominal – unrounded effective rate) x 2,080 hrs, rounded to dollars. This illustrative comparison does not reduce actual gross pay; commute and prep times are example assumptions.