Gross Monthly Income Calculator
Gross monthly income is what you earn in a month before taxes and deductions. Enter your hourly, weekly, biweekly, or yearly pay to calculate it, or average 12 months of variable, freelance, or self-employed income.
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What is gross monthly income?
Gross monthly income is the total you earn in a month before anything is taken out: federal and state income tax, Social Security and Medicare, retirement contributions, and health insurance. It includes wages or salary, overtime, tips, commissions, bonuses, and self-employment or side income. Net income, or take-home pay, is what is left after those deductions.
Landlords, lenders, and most applications ask for gross monthly income because it doesn't depend on your tax withholding or benefit choices. A $52,000 salary is $4,333 a month gross, even if only about $3,400 reaches your bank account.
How to calculate gross monthly income
The reliable way is to convert your pay to a yearly figure first, then divide by 12:
- Salary: yearly salary ÷ 12
- Hourly: hourly wage × hours per week × 52 ÷ 12
- Weekly: weekly pay × 52 ÷ 12
- Every two weeks (biweekly): paycheck × 26 ÷ 12
- Twice a month (semimonthly): paycheck × 2
The most common mistake is doubling a biweekly paycheck. There are 26 biweekly paychecks a year, not 24, so a $2,000 biweekly check is about $4,333 a month, not $4,000.
Examples
- $22 an hour, 40 hours a week: $22 × 40 × 52 ÷ 12 = $3,813 a month
- $18 an hour, 30 hours a week: $18 × 30 × 52 ÷ 12 = $2,340 a month
- $1,600 biweekly paycheck (before taxes): $1,600 × 26 ÷ 12 = $3,467 a month
- $900 a week: $900 × 52 ÷ 12 = $3,900 a month
- $65,000 salary: $65,000 ÷ 12 = $5,417 a month
Hourly wage to gross monthly income
| Hourly wage | Monthly (40 hrs/wk) | Monthly (30 hrs/wk) | Yearly (40 hrs/wk) |
|---|---|---|---|
| $12/hr | $2,080 | $1,560 | $24,960 |
| $13/hr | $2,253 | $1,690 | $27,040 |
| $14/hr | $2,427 | $1,820 | $29,120 |
| $15/hr | $2,600 | $1,950 | $31,200 |
| $15.50/hr | $2,687 | $2,015 | $32,240 |
| $16/hr | $2,773 | $2,080 | $33,280 |
| $16.50/hr | $2,860 | $2,145 | $34,320 |
| $17/hr | $2,947 | $2,210 | $35,360 |
| $17.25/hr | $2,990 | $2,243 | $35,880 |
| $17.50/hr | $3,033 | $2,275 | $36,400 |
| $18/hr | $3,120 | $2,340 | $37,440 |
| $18.50/hr | $3,207 | $2,405 | $38,480 |
| $19/hr | $3,293 | $2,470 | $39,520 |
| $19.25/hr | $3,337 | $2,503 | $40,040 |
| $19.50/hr | $3,380 | $2,535 | $40,560 |
| $19.75/hr | $3,423 | $2,568 | $41,080 |
| $20/hr | $3,467 | $2,600 | $41,600 |
| $20.50/hr | $3,553 | $2,665 | $42,640 |
| $21/hr | $3,640 | $2,730 | $43,680 |
| $21.50/hr | $3,727 | $2,795 | $44,720 |
| $22/hr | $3,813 | $2,860 | $45,760 |
| $22.50/hr | $3,900 | $2,925 | $46,800 |
| $23/hr | $3,987 | $2,990 | $47,840 |
| $24/hr | $4,160 | $3,120 | $49,920 |
| $25/hr | $4,333 | $3,250 | $52,000 |
| $26/hr | $4,507 | $3,380 | $54,080 |
| $27/hr | $4,680 | $3,510 | $56,160 |
| $28/hr | $4,853 | $3,640 | $58,240 |
| $29/hr | $5,027 | $3,770 | $60,320 |
| $30/hr | $5,200 | $3,900 | $62,400 |
| $32/hr | $5,547 | $4,160 | $66,560 |
| $35/hr | $6,067 | $4,550 | $72,800 |
| $38/hr | $6,587 | $4,940 | $79,040 |
| $40/hr | $6,933 | $5,200 | $83,200 |
| $45/hr | $7,800 | $5,850 | $93,600 |
| $50/hr | $8,667 | $6,500 | $104,000 |
| $60/hr | $10,400 | $7,800 | $124,800 |
| $75/hr | $13,000 | $9,750 | $156,000 |
Want the after-tax number too? See how much $15 to $50 an hour is a month before and after taxes.
Weekly pay to gross monthly income
Multiply weekly pay by 52, then divide by 12. That is the same as multiplying by about 4.33, not 4, because most months are a little longer than four weeks.
| Weekly pay | Monthly | Yearly |
|---|---|---|
| $100 a week | $433 | $5,200 |
| $125 a week | $542 | $6,500 |
| $150 a week | $650 | $7,800 |
| $175 a week | $758 | $9,100 |
| $200 a week | $867 | $10,400 |
| $250 a week | $1,083 | $13,000 |
| $300 a week | $1,300 | $15,600 |
| $350 a week | $1,517 | $18,200 |
| $400 a week | $1,733 | $20,800 |
| $500 a week | $2,167 | $26,000 |
| $600 a week | $2,600 | $31,200 |
| $750 a week | $3,250 | $39,000 |
| $800 a week | $3,467 | $41,600 |
| $1,000 a week | $4,333 | $52,000 |
| $1,100 a week | $4,767 | $57,200 |
| $1,200 a week | $5,200 | $62,400 |
| $1,500 a week | $6,500 | $78,000 |
| $2,000 a week | $8,667 | $104,000 |
Biweekly paycheck to gross monthly income
Use your paycheck amount before taxes (the gross pay line on your pay stub), not the deposit that hits your bank.
| Gross biweekly paycheck | Monthly | Yearly |
|---|---|---|
| $1,000 | $2,167 | $26,000 |
| $1,250 | $2,708 | $32,500 |
| $1,500 | $3,250 | $39,000 |
| $1,750 | $3,792 | $45,500 |
| $2,000 | $4,333 | $52,000 |
| $2,250 | $4,875 | $58,500 |
| $2,500 | $5,417 | $65,000 |
| $3,000 | $6,500 | $78,000 |
| $3,500 | $7,583 | $91,000 |
| $4,000 | $8,667 | $104,000 |
Annual salary to gross monthly income
| Yearly salary | Monthly | Biweekly paycheck |
|---|---|---|
| $40,000 | $3,333 | $1,538 |
| $50,000 | $4,167 | $1,923 |
| $60,000 | $5,000 | $2,308 |
| $75,000 | $6,250 | $2,885 |
| $100,000 | $8,333 | $3,846 |
| $150,000 | $12,500 | $5,769 |
Monthly income when your pay varies
If you're self-employed, freelance, work gigs, or earn commission or tips, there's no single paycheck to convert. Average your gross income over the last 12 months instead. The variable mode above also shows your median month, your lowest month, and how much your income swings, which matters for budgeting and for anyone reviewing your income.
Lenders typically average 12 to 24 months of self-employed income, and if recent months are lower than the average they'll often use the lower figure. Landlords look at the same thing when they check rent against income; see our rent affordability calculator and debt-to-income calculator.
Proving your monthly income
Knowing the number is step one; showing it is step two. Employees can use pay stubs or an employment verification letter. If your income is irregular, a bank-connected proof of income report estimates your monthly income from real deposits, so there's nothing to calculate by hand.
Frequently asked questions
What is gross monthly income?
Gross monthly income is everything you earn in a month before taxes, retirement contributions, insurance, and other deductions. It includes wages, salary, overtime, tips, commissions, bonuses, and self-employment or side income.
Is gross monthly income before or after taxes?
Before. Gross monthly income is your pay before any taxes or deductions come out. Your take-home pay, the amount deposited in your bank account, is your net income.
How do I calculate my gross monthly income?
Take your pay before taxes and deductions and convert it to a yearly figure, then divide by 12. For a salary, divide by 12. For hourly pay, multiply your wage by weekly hours and by 52, then divide by 12. For biweekly paychecks, multiply one paycheck by 26 and divide by 12.
What is the difference between gross and net monthly income?
Gross monthly income is what you earn before taxes, retirement contributions, and insurance come out. Net income is your take-home pay. Landlords and lenders almost always ask for gross income.
How do I calculate monthly income if I’m self-employed?
Add up your income for the last 12 months and divide by 12. Lenders often average 12 to 24 months of self-employed income, and they usually use income after business expenses, so keep your figures consistent with your tax returns.
How do I calculate gross monthly income from a biweekly paycheck?
Multiply the gross amount of one paycheck by 26 (the number of biweekly paychecks in a year), then divide by 12. A $1,800 biweekly paycheck is $1,800 × 26 ÷ 12 = $3,900 a month. Doubling the paycheck undercounts, because some months have three paydays.
What is my gross monthly income if I make $20 an hour?
At 40 hours a week, $20 an hour is $20 × 40 × 52 ÷ 12 = about $3,467 a month before taxes, or $41,600 a year. At 30 hours a week it is about $2,600 a month.
Is $25 an hour good monthly income?
At 40 hours a week, $25 an hour is about $4,333 a month before taxes, or $52,000 a year. Whether that’s enough depends on where you live and your costs.
How do I prove my monthly income?
Common options are recent pay stubs, an employment verification letter, tax returns, bank statements, or a bank-connected income report that estimates monthly income from your actual deposits.
Need to show your income to someone?
Connect your bank and get a report of your estimated monthly income from your deposits. Reports are as low as $5 each.
Get a proof of income reportFigures are estimates for budgeting and planning. They don't account for taxes, overtime, bonuses, or unpaid time off unless you include them.