Salary to Hourly Calculator

The fields take an hourly rate, hours per week and weeks per year, and return the annual, monthly, weekly and daily equivalents:

• Annual = hourly rate × hours per week × weeks per year
• Monthly = annual ÷ 12
• Weekly = hourly rate × hours per week
• Daily = weekly ÷ 5

With the defaults ($25 an hour, 40 hours, 52 weeks) that is $52,000 a year, $4,333.33 a month, $1,000 a week and $200 a day.

There is no salary field. To go from a salary to an hourly rate, divide the salary by the hours you work in a year, then enter your answer as the hourly rate to check it. A $50,000 salary at 40 hours over 52 weeks is $50,000 ÷ 2,080 = $24.04 an hour; entering $24.04 shows $50,003.20, the small excess coming from rounding to the cent.

The usual conversion assumes 2,080 paid hours (40 × 52). If your job regularly runs longer without overtime pay, your real hourly rate is lower:

The 45-hour column is worth looking at before accepting a salaried role with long expected hours. A $75,000 job at 45 hours a week pays about the same per hour as a $66,667 job at 40.

A salary is normally paid for all 52 weeks, including paid holidays and vacation. Hourly and contract work usually pays only for the hours you work. To compare them fairly, enter the weeks you would actually be paid as an hourly worker.

Say you are weighing a $70,000 salary against a contract role where you expect 4 unpaid weeks off. The contract has to pay $70,000 ÷ (40 × 48) = $36.46 an hour just to match. Entering $36.46, 40 hours and 48 weeks shows $70,003.20.

That is only the break-even on pay. If the salaried job comes with health insurance, retirement contributions or other benefits that a contract would not, the contract rate needs to be higher again to cover them.

• Monthly is annual ÷ 12. It is not four weekly paychecks. At $25 an hour, four weeks is $4,000, but the monthly row shows $4,333.33, because 52 weeks ÷ 12 months is about 4.33 weeks per month.
• Paychecks follow your pay schedule. Paid every two weeks, $52,000 is 26 checks of $2,000; paid twice a month, it is 24 checks of $2,166.67. The calculator doesn't show these, so divide the annual figure yourself.
• Daily always divides by 5. On a four-day week of 10-hour shifts at $30, the daily row shows $240, but a real shift pays $300.
• Everything is gross pay. Taxes and other deductions are not taken out.