Why use this calculator
Comparing job offers often requires converting between hourly and salaried pay. This tool provides instant conversions across all common pay periods so you can make informed career decisions.
How to use it
Enter your pay amount, select whether it is an hourly rate or annual salary, and specify your typical hours per week and working weeks per year. The calculator shows equivalents for every pay period.
The formula
Annual Salary = Hourly Rate x Hours Per Week x Weeks Per Year. Reverse: Hourly Rate = Annual Salary / (Hours Per Week x Weeks Per Year).
Worked examples
$25/hour, 40 hours/week, 52 weeks/year
Annual salary of $52,000 ($4,333/month)
$75,000 annual salary, 40 hours/week
Equivalent hourly rate of $36.06
When people use it
- Comparing a salaried position to a contract or freelance opportunity
- Calculating the impact of overtime or reduced hours on annual earnings
- Setting freelance rates based on desired annual income
- Understanding part-time income on an annualized basis
Tips
- Remember that salaried positions often include benefits worth 20-30% of salary
- Freelancers should factor in self-employment taxes and lack of benefits
- Adjust weeks per year to account for unpaid time off
Questions people ask
- Why use 52 weeks instead of 50?
- A year has 52.14 weeks. Using 52 gives the standard annual figure. Reduce to 50 if you have 2 weeks unpaid vacation.
- Does this include overtime?
- No. This assumes straight-time pay. Overtime (typically 1.5x for hours over 40) would increase actual earnings.