Enter your hourly wage and the number of hours you work per week into the calculator to estimate your income per month.

## Income Per Month Formula

The following formula is used to calculate the income per month.

IPM = HW * HPW * 4

Variables:

- IPM is the income per month ($)
- HW is the hourly wage ($)
- HPW is the hours worked per week

To calculate the income per month, multiply the hourly wage by the number of hours worked per week and then by 4 (the average number of weeks in a month).

## What is Income Per Month?

Income per month is the total amount of money earned from work before taxes and other deductions, calculated on a monthly basis. It is a useful figure for budgeting and financial planning, as most expenses and bills are also calculated on a monthly cycle.

## How to Calculate Income Per Month?

The following steps outline how to calculate the Income Per Month.

- First, determine your hourly wage (HW).
- Next, determine the number of hours you work per week (HPW).
- Use the formula from above = IPM = HW * HPW * 4.
- Finally, calculate your Income Per Month (IPM).
- After inserting the variables and calculating the result, check your answer with the calculator above.

**Example Problem : **

Use the following variables as an example problem to test your knowledge.

hourly wage (HW) = $15

hours worked per week (HPW) = 40