Convert any pay rate into hourly, daily, weekly, monthly and annual amounts.
Quick answer
At 40 hours a week for 52 weeks, $25 an hour is $52,000 a year, $4,333.33 a month, $2,000.00 every two weeks and $1,000 a week, before tax.
| Hourly rate | Weekly | Monthly | Yearly |
|---|---|---|---|
| $15 | $600 | $2,600.00 | $31,200 |
| $20 | $800 | $3,466.67 | $41,600 |
| $25 | $1,000 | $4,333.33 | $52,000 |
| $30 | $1,200 | $5,200.00 | $62,400 |
| $40 | $1,600 | $6,933.33 | $83,200 |
| $50 | $2,000 | $8,666.67 | $104,000 |
These figures are computed with the same formulas as the Salary Calculator above. Change the inputs in the tool to see your own result.
The Salary Calculator converts pay between hourly, daily, weekly, every-two-weeks, monthly and annual amounts. Enter what you earn in any one period, set your hours per week and weeks worked per year, and see the gross equivalent for every other period at once. It is useful for comparing job offers, freelance rates and contract quotes quoted in different ways.
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A pay rate of $25 an hour at 40 hours a week for 52 weeks is $52,000 a year: $1,000 a week, $2,000 every two weeks, $4,333.33 a month and $200 a day. Working 48 weeks a year instead (unpaid holidays) lowers the annual figure to $48,000.
Figures are gross, before income tax, social security and other deductions, and they do not include overtime, bonuses or unpaid time except through the weeks-per-year setting. Use your tax authority's or payroll tool for take-home pay.
Accuracy: Formulas follow standard published methods and are checked against worked reference examples. Results are estimates based on the values you enter and do not replace advice from a qualified professional.
Expert Tip
When comparing an hourly contract role to a salaried job offer, remember the annual figure here assumes you work every single week of the year with no unpaid leave — subtract for any unpaid time off before comparing it directly to a salaried offer that already includes paid vacation.
Job offers, contracts and freelance quotes come in different units: an hourly wage, a daily rate, a weekly or monthly amount or an annual salary. To compare them you convert to a common basis. The calculator does this for every period at once, using the hours you work per week and the weeks you work per year. A full-time job of 40 hours a week for 52 weeks is 2,080 hours a year.
At $25 an hour, that is $52,000 a year, $4,333.33 a month, $2,000 every two weeks, $1,000 a week and $200 a day. In reverse, an annual salary of $60,000 is $28.85 an hour, $1,153.85 a week and $5,000 a month.
The weeks-per-year setting matters more than people expect. If you are paid only for the weeks you work, unpaid holidays reduce your income. At $28 an hour and 40 hours a week, 52 paid weeks gives $58,240, while 50 paid weeks gives $56,000. That is a difference of $2,240 a year, or almost $187 a month, from two weeks.
For hourly staff, contractors and seasonal workers, use the number of weeks you are really paid. For salaried staff with paid holidays, 52 is correct because you are paid for the time off.
An offer's headline figure is not the whole story. Convert each one to an hourly rate using the hours you would really work, including a commute if it is unpaid and expected overtime. A $60,000 job that needs 45 hours a week pays $25.64 an hour, less than a $56,000 job at 40 hours, which pays $26.92. A four-day week of 32 hours on the same $60,000 works out at $36.06 an hour, a real increase in pay per hour.
Freelancers cannot use their desired salary as an hourly rate, because not all hours are billable. Start with the annual income you need, add your business costs, and divide by the hours you can realistically bill. If you want $60,000 plus $12,000 of expenses, that is $72,000. If you can bill 1,200 hours a year after admin, marketing and gaps between projects, the rate is $60 an hour. Charging $30 an hour, the salary-equivalent figure, would leave you far short.
Add a margin for slow periods, unpaid sick days and equipment replacement, and remember that self-employed workers often pay both sides of certain taxes and fund their own benefits.
The figures are gross, which means before income tax, social security, pension contributions and other deductions. Take-home pay depends on your country, region, filing status and choices, so use a tax tool from your tax authority or payroll provider for net pay. The calculator does not model overtime multipliers, bonuses or commission; enter your usual average if those are a regular part of your pay.
Once you know your monthly income, decide how much can go to housing with the Rent Affordability Calculator, how much to save with the Savings Goal Calculator, and how a pay rise compares with rising prices using the Inflation Calculator. If you are working out a percentage raise, the Percentage Calculator gives the exact figure. The tool runs in your browser and stores nothing.
How to turn an hourly rate into an annual salary and a salary into an hourly rate, why 2,080 hours is only a starting point, and how unpaid weeks change the answer.
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