Why use this calculator
Understanding your salary across different time periods is essential for budgeting, comparing job offers, and evaluating freelance or contract rates. A salary quoted as an annual figure can feel abstract when you are planning weekly groceries or monthly rent. This calculator instantly converts between annual, monthly, weekly, and hourly figures so you can compare apples to apples when evaluating compensation packages or negotiating pay.
How to use it
Enter your salary amount and select the pay period it corresponds to (annual, monthly, weekly, or hourly). Adjust the hours per week if you work more or fewer than the standard 40 hours. The calculator will convert your salary into all four time periods instantly.
The formula
Annual = Hourly x Hours/Week x 52. Monthly = Annual / 12. Weekly = Annual / 52. Hourly = Annual / (52 x Hours/Week). All conversions use 52 weeks per year.
Worked examples
$65,000 annual salary at 40 hours per week
Monthly: $5,416.67, Weekly: $1,250.00, Hourly: $31.25
$35 per hour at 38 hours per week
Annual: $69,160, Monthly: $5,763.33, Weekly: $1,330.00
When people use it
- Comparing job offers with different pay structures
- Converting hourly contractor rates to equivalent salaries
- Budgeting monthly expenses against weekly pay
- Evaluating overtime or part-time rate equivalents
Tips
- Remember that salaried positions often include benefits worth 20-30% on top of base pay
- When comparing hourly to salaried roles, factor in paid leave and holidays
- Use the hourly rate to evaluate whether side work is worth your time
- Consider superannuation and tax when comparing take-home pay
Questions people ask
- How many working hours are in a year?
- The standard calculation uses 52 weeks x 40 hours = 2,080 hours per year. However, after accounting for holidays and leave, the actual figure is closer to 1,920 hours for most full-time employees.
- Should I include overtime in the calculation?
- This calculator uses your base hours per week. For overtime calculations, you would need to account for the overtime rate (typically 1.5x or 2x) separately.
- How do I compare a contract rate to a salary?
- As a contractor, you typically need to earn 25-40% more per hour than the equivalent salaried rate to cover your own super, leave, insurance, and other benefits that employers provide.