Whether you're considering switching from part-time to full-time work, or trying to understand the income potential of your hourly rate at different hours, this guide covers everything you need.
Part-time to full-time conversion formula
Full-time equivalent annual salary = Hourly rate × 40 hours/week × 52 weeks = Hourly rate × 2,080
Or if you know your part-time annual income: Full-time equivalent = (Part-time annual income ÷ Part-time hours) × 2,080
Common part-time to full-time examples
| Hourly Rate | 20 hrs/week | 30 hrs/week | 40 hrs/week (Full) |
|---|---|---|---|
| $15/hr | $15,600/yr | $23,400/yr | $31,200/yr |
| $20/hr | $20,800/yr | $31,200/yr | $41,600/yr |
| $25/hr | $26,000/yr | $39,000/yr | $52,000/yr |
| $35/hr | $36,400/yr | $54,600/yr | $72,800/yr |
| $50/hr | $52,000/yr | $78,000/yr | $104,000/yr |
What changes when you go full-time
- Benefits eligibility: Most employers require 30+ hours for benefits
- Tax bracket: Higher income may push you into a higher tax bracket
- Retirement contributions: More income means more retirement savings potential
- Work-life balance: Consider the lifestyle impact alongside the financial gain
Is full-time always financially better?
Not always. Consider:
- Childcare costs that part-time allows you to avoid
- Commute costs for additional days
- Potential loss of flexibility that enables side income
- Tax implications — some people find their effective tax rate increases significantly at full-time income levels
Calculate your full-time equivalent: Use our Hourly to Annual Calculator to instantly see what your hourly rate earns at any number of hours, or our Tax Calculator to estimate take-home pay at full-time income.