Quickly convert between annual salary and hourly pay. Enter your annual salary and work schedule to see your equivalent hourly, daily, weekly, biweekly, and monthly pay rates.
Converting between salary and hourly is one of the most useful pieces of personal finance math because the two figures are usually used in very different contexts. Salaries are quoted for full-time professional jobs ($75,000/year, $120,000/year); hourly rates are quoted for trades, freelance work, part-time positions, and consulting ($30/hour, $85/hour). When you're comparing a salaried job offer against a contract opportunity, evaluating whether to take overtime, or pricing freelance work against your current pay, both numbers need to be expressed in the same units.
The math is simple in principle: annual salary divided by total hours worked per year equals hourly rate. The complications come from assumptions about hours per week (standard full-time is 40, but professional jobs often involve 45–60 informally) and weeks worked per year (52 if you have paid vacation/holidays, 50 if you take 2 weeks unpaid, sometimes 48 if you work 9-to-5 with no overtime). Different assumptions produce dramatically different effective hourly rates.
This calculator lets you set both the hours per week and weeks per year, then shows the equivalent rates across every common pay period — hourly, daily, weekly, biweekly, monthly. It's useful for: comparing salaried offers to contract/freelance rates, computing your "true" hourly rate when you regularly work over 40 hours, pricing freelance work to match current income, and understanding what an offered hourly rate means in annual terms.
$75,000/year, 40 hours/week, 52 weeks/year. Hourly: $75,000 / 2,080 = $36.06/hour Weekly: $1,442 Biweekly (26 pay periods): $2,884 Monthly: $6,250 A $75K salary translates to roughly $36/hour at the full-time standard. If the same person actually works 50 hours/week regularly, the real hourly rate drops to $28.85.
Current salary: $90,000/year, 40 hours/week, 52 weeks paid time off. Salaried hourly equivalent: $90,000 / 2,080 = $43.27/hour Contract offer: $65/hour, paid only for hours billed (no PTO, no benefits). Adjustments for contract work: Self-employment tax (additional 7.65%): -$5.00/hr equivalent Health insurance ($600/mo = $3.46/hr): -$3.46/hr PTO equivalent (3 weeks unpaid): -$3.75/hr Retirement (~5% of salary): -$2.16/hr Effective contract rate after self-employed costs: ~$50.63/hour vs. $43.27/hour salaried. Contract still wins by ~$15K/year IF you can sustain billable hours close to 40/week. Less than 32 billable hours/week often makes salaried better.
$100,000 salary. Three scenarios for how many hours you actually work: 40 hours/week (just the official): $100,000 / 2,080 = $48.08/hour 50 hours/week (typical for many professionals): $100,000 / 2,600 = $38.46/hour 60 hours/week (common in finance, law, tech crunches): $100,000 / 3,120 = $32.05/hour Same salary, very different effective hourly. The $100K finance analyst pulling 60-hour weeks earns about the same per hour as a $65K worker doing 40-hour weeks. Worth tracking actual hours worked to evaluate whether a "good salary" is actually a good rate.
Use this calculator before negotiating a salary or hourly rate, when comparing job offers across different compensation structures (salaried, hourly, contract, commission), when pricing freelance or consulting work, or when evaluating whether overtime opportunities are worth the marginal effort.
For freelancers and consultants, the calculator is essential for translating "I want to make $X/year" into "I need to charge $Y/hour and bill at least Z hours/week." The standard industry rule of thumb: contract/freelance rates should be 1.5–2× the salaried hourly equivalent to cover the higher costs of self-employment (taxes, benefits, downtime, business overhead).
For salaried employees, the calculator answers "am I actually getting paid well per hour?" Two roles with the same $80K salary aren't equivalent if one routinely requires 50+ hour weeks and the other is a strict 40 hours. The hourly equivalent is the apples-to-apples comparison.
Pair this with the overtime-calculator (for hourly workers eligible for overtime), the hourly-to-salary calculator (the inverse direction), the income-tax-estimator (for after-tax planning), and the pay-raise calculator (when evaluating compensation changes).
A note on contract vs. employee tax difference: contract workers (1099 in the U.S.) pay both halves of FICA (15.3% combined on the first $168,600 of income), while employees split it with the employer (7.65% each). This is one reason contract rates need to be meaningfully higher than salaried equivalents — that extra 7.65% is real money. Health insurance, retirement contribution costs, and the absence of paid time off add another 15–30% to the cost differential. The "true cost" of being a contractor vs. an employee is often 25–40% above the headline rate.
For job searches, knowing both the salary range and the equivalent hourly range gives you flexibility in negotiation — some employers think in salary terms, others in hourly. Being able to translate quickly between the two is a meaningful advantage.
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Hourly Rate
$28.85
Daily Rate
$230.77
Weekly Pay
$1,153.85
Biweekly Pay
$2,307.69
Monthly Pay
$5,000.00