Use this free salary calculator to convert your pay between hourly, daily, weekly, biweekly, twice-a-month, monthly, quarterly and yearly amounts. Enter your pay and how often you are paid, set your hours, days and weeks, and add your paid vacation days and holidays to see what your time off is really worth. It works as an hourly to salary calculator, a salary to hourly calculator and an annual income calculator. All amounts are before tax, and your numbers stay in your browser.
Amounts in this guide are in US dollars, and the maths is the same in any currency.
How to convert hourly pay to an annual salary
Multiply your hourly rate by the hours you work in a year. Hours in a year are your hours per week times the weeks you are paid:
Example: $25 an hour × 40 hours × 52 weeks = $52,000 a year
Common hourly rates for a full-time job of 40 hours a week and 52 weeks (2,080 hours a year):
| Hourly rate | Weekly | Monthly | Yearly |
|---|---|---|---|
| $15 | $600 | $2,600 | $31,200 |
| $20 | $800 | $3,466.67 | $41,600 |
| $25 | $1,000 | $4,333.33 | $52,000 |
| $30 | $1,200 | $5,200 | $62,400 |
| $40 | $1,600 | $6,933.33 | $83,200 |
Salary to hourly: how to find your hourly rate
Divide your yearly salary by the hours you work in a year:
Example: $50,000 ÷ (40 × 52) = $50,000 ÷ 2,080 = $24.04 an hour
Common salaries as hourly, biweekly and monthly pay, again for 40 hours a week and 52 weeks:
| Yearly salary | Hourly | Biweekly | Monthly |
|---|---|---|---|
| $35,000 | $16.83 | $1,346.15 | $2,916.67 |
| $40,000 | $19.23 | $1,538.46 | $3,333.33 |
| $45,000 | $21.63 | $1,730.77 | $3,750 |
| $50,000 | $24.04 | $1,923.08 | $4,166.67 |
| $60,000 | $28.85 | $2,307.69 | $5,000 |
| $75,000 | $36.06 | $2,884.62 | $6,250 |
| $100,000 | $48.08 | $3,846.15 | $8,333.33 |
How to calculate your annual income
Your annual income is your pay for one period multiplied by the number of those periods in a year. For example, $2,000 every two weeks is $2,000 × 26 = $52,000 a year, and $4,000 a month is $4,000 × 12 = $48,000 a year. Choose how often you are paid in the Pay frequency box and the calculator does this for you.
Monthly income: divide by 12, not 4
To find your monthly income, divide your yearly pay by 12. It is tempting to multiply weekly pay by 4, but most months are a little longer than four weeks, so that gives too little. At $1,000 a week, your monthly income is $52,000 ÷ 12 = $4,333.33, not $4,000.
Biweekly or twice a month?
These sound alike but are different. Biweekly means every two weeks, which is 26 paychecks a year. Twice a month (semi-monthly) means 24 paychecks a year, often on the 1st and the 15th. On a $52,000 salary, a biweekly paycheck is $2,000 and a twice-a-month paycheck is $2,166.67. Because biweekly pay comes 26 times, usually two months each year have three paydays.
Hours, days and weeks matter
The result depends on the working pattern you enter. Many full-time jobs in the UK are 37.5 hours a week, so a salary of $30,000 works out to $15.38 an hour instead of $14.42 for 40 hours. If you are not paid for some weeks of the year, enter the weeks you are paid: $52,000 over 50 paid weeks is $26 an hour instead of $25.
What paid time off is really worth
Paid vacation days and holidays do not change your pay, but you work fewer hours for it, so each hour you actually work is worth more. With a $50,000 salary, 10 vacation days and 10 paid holidays mean you work 1,920 hours instead of 2,080, so you earn about $26.04 for each hour worked instead of $24.04. With 15 vacation days and 10 holidays on $52,000, you work 1,880 hours and earn about $27.66 an hour. This is useful when you compare two job offers with different amounts of time off.
Gross pay and take-home pay
All amounts are gross pay, which is your pay before anything is taken off. Your take-home (net) pay is lower, because income tax, Social Security and Medicare (in the US), retirement contributions and other deductions come out of each paycheck. Overtime, bonuses and tips are not included either.
Salaries in the US, UK and Australia
The maths is the same in every country, so the calculator works in any currency. Choose your currency in the Currency symbol box at the top of the form. A full-time week is usually 40 hours in the US, often 37.5 hours in the UK and 38 hours in Australia, so set the hours per week to match your job.
