At $5 an hour, what is your weekly, monthly, and yearly salary?
Break down your hourly income of $5 into its daily, weekly, bi-weekly, monthly and yearly salary equivalents.
Whether you're planning your finances or reverse-engineering your ideal salary by setting timed targets, our Salary Calculator has you covered.
How much is $5 an hour annually?
If you're earning $5 per hour, your annual income amounts to $10,400.
This calculation is as simple as multiplying your hourly income by working week hours (40) then multiply it with 52 weeks of a year.
Knowing this figure can help you set savings goals and budget effectively for the months and expenses ahead.
How much is $5 an hour monthly?
If your hourly income is $5, your monthly income will total at about $866.67.
This calculation assumes a standard 30-31 day month.
To calculate your monthly pay, simply multiply your hourly wage by the number of working hours in a month.
So, $5 multiplied by ~173 working hours per month (assuming ~21.67 work days per month, 8 hours per day) gives you a monthly income of approximately $866.67.
How much is $5 an hour bi-weekly?
When you're earning an hourly income of $5 your bi-weekly paycheck totals around $400.
To break it down, just multiply your hourly earnings by the number of hours you work in a two-week period, which we'll assume is 80.
So, $5 multiplied by 80 equals a bi-weekly income of $400.
How much is $5 an hour weekly?
When you're earning an hourly income of $5, your weekly paycheck totals around $200.
To break it down, just multiply your hourly wage by the number of work hours in a week, which we'll assume is 40.
So, $5 multiplied by 40 equals a weekly income of $200.
How much is $5 a year daily?
If your hourly pay is $5, your daily income totals $40.
To break it down, simply multiply your hourly wage by the number of hours you work daily, which we'll assume is 8.
Take-Home Pay in Top States and Cities
Compare the net (after-tax) pay for a $5 per hour wage across various states. Your take-home pay is calculated by subtracting federal payroll taxes (FICA and Medicare) and applicable state income taxes from your gross earnings. States without income tax provide the highest take-home pay since only federal deductions apply.
The numbers below assume a full-time work schedule of 40 hours per week for 52 weeks in a year and a single filer tax status.
| Rank | State | Estimated take‑home pay | Notes |
|---|---|---|---|
| 1 | Texas | $9,553 | No state income tax; only FICA ($378) and Medicare ($89) deducted. |
| 2 | Florida | $9,553 | No state income tax; only federal payroll taxes deducted. |
| 3 | Washington | $9,553 | No state income tax; same deductions as Texas. |
| 4 | Nevada | $9,553 | No state income tax; only federal payroll taxes deducted. |
| 5 | Alaska | $9,553 | No state income tax; same deductions as Texas. |
| 6 | Tennessee | $9,553 | No state income tax; only federal payroll taxes deducted. |
| 7 | North Carolina | $9,175 | After-tax salary for North Carolina including state income tax. |
| 8 | New York | $8,998 | After state income tax, take-home pay is reduced for New York residents. |
| 9 | Wyoming | $9,553 | No state income tax; federal payroll taxes only. |
| 10 | South Dakota | $9,553 | No state income tax; only federal payroll taxes deducted. |
States without state income tax (Texas, Florida, Washington, Nevada, Alaska, Tennessee, Wyoming, South Dakota) offer the highest net pay — approximately $9,553 after deducting Medicare and FICA.
In North Carolina, the take-home pay decreases to $9,175, and in New York it falls further to $8,998 due to state income taxes.
Consider both your after-tax pay and local living expenses when comparing your compensation across different states.
Time Unit Conversion Reference
Below is a helpful table to convert between hours, days, weeks, months, and years specifically in work hours, commonly used for salary calculations.
Note that this table counts only work hours, so a day is considered 8 work hours, not 24.
| Unit | Hours | Days | Weeks | Months | Years |
|---|---|---|---|---|---|
| 1 hour | 1 | – | – | – | – |
| 1 day | 8 | 1 | – | – | – |
| 1 week | 40 | 5 | 1 | – | – |
| 1 month | 174 | 21.67 | 4.33 | 1 | – |
| 1 year | 2 080 | 260 | 52 | 12 | 1 |
Additional Salary Calculators
OysterLink provides a variety of salary calculators to help you easily convert hourly wages to annual salaries, determine overtime pay, and calculate your paycheck.
Check out the tools below to make the right financial calculations.