What Does Minimum Wage Actually Add Up to as an Annual Salary?
October 23, 2026
Per DOL guidance, the US federal minimum wage is $7.25/hour. At the standard full-time 2,080-hour annual assumption, that works out to $7.25 × 2,080 = $15,080/year — though many states and some cities set their own, higher minimum wage, which should be checked for an accurate local figure.
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- Federal minimum wage: $7.25/hour
- Annual equivalent at 2,080 hours: $7.25 × 2,080 = $15,080
Why State Minimums Matter Here
Since many states set a minimum wage well above the $7.25 federal floor, the actual applicable minimum wage — and its annual equivalent — for a specific location can be meaningfully higher than this federal baseline figure. Checking the specific state's current minimum wage (via that state's labor department) gives a more locally accurate figure.
Frequently Asked Questions
What is the US federal minimum wage?
$7.25/hour, per DOL guidance.
What's the annual equivalent of federal minimum wage at a standard full-time schedule?
$15,080/year (7.25 × 2,080 hours).
Do all states use the federal minimum wage?
No — many states set their own, higher minimum wage; the actual applicable rate for a specific location can be meaningfully higher than $7.25.
Where can I check my state's actual minimum wage?
That state's own labor department, for a current and locally accurate figure.