Salary Calculator: Hourly to Yearly and Monthly Pay

How To Use The Salary Calculator

1. Enter your pay. Type the amount you earn.
2. Pick the pay period. Choose hour, day, week, biweekly, month or year.
3. Add your working hours. Most full-time jobs are 40 hours a week. Change it if you work fewer or more.
4. Add time off (optional). Enter your paid holidays and vacation days to get a more realistic figure.
5. Read your results. Your pay is shown for every period at once, so you can compare offers easily.

How To Calculate Salary From An Hourly Wage

You don't need a calculator for the basic version. The formula is:

Yearly salary = hourly rate × hours per week × 52 weeks

Take someone earning 25 an hour on a 40-hour week:

• Weekly pay: 25 × 40 = 1,000
• Yearly pay: 1,000 × 52 = 52,000
• Monthly pay: 52,000 ÷ 12 = about 4,333
• Biweekly pay: 52,000 ÷ 26 = 2,000
• Daily pay (8-hour day): 200

The tool does this for you, but it helps to know where the numbers come from.

How To Convert Yearly Salary To Hourly Pay

Going the other way is just as easy. A full-time year has about 2,080 working hours (40 hours × 52 weeks). Divide your yearly salary by that number:

Hourly rate = yearly salary ÷ 2,080

So a 60,000 salary comes to about 28.85 an hour.

If you only know your monthly pay, multiply it by 12 first. For example, 4,000 a month is 48,000 a year, which is about 23.08 an hour.

Quick reference: Hourly Pay Converted To Yearly & Monthly

These figures assume 40 hours a week, 52 weeks a year, with no unpaid time off.

Quick Reference: Yearly Salary Converted To Hourly Pay

Does Time Off Change Your Salary?

It depends on how you're paid.

If you're on a fixed yearly salary with paid leave, nothing changes. You get the same pay whether you take a holiday or not.

If you're paid by the hour and time off is unpaid, your real yearly income is lower than the simple formula shows. Here's an example:

• A normal year has about 260 working days (5 days × 52 weeks).
• Take away 10 holidays and 15 vacation days. That leaves 235 working days.
• At 8 hours a day, that's 1,880 paid hours.
• At 25 an hour, you earn 25 × 1,880 = 47,000, not 52,000.

That's a 5,000 difference, and it's easy to miss when comparing job offers. This is why the calculator lets you enter your holidays and vacation days.

Gross Pay vs Take-Home Pay

The results on this page show your gross pay, which is what you earn before tax and other deductions.

Your take-home pay (net pay) will be lower. Income tax, social security, insurance and retirement contributions all depend on your country, your state or region, and your employer. For the exact amount, check your payslip or use a tax calculator for your location.

Weekly, Biweekly, Semi-Monthly, and Monthly Pay: What's The Difference?

These terms get mixed up a lot, especially biweekly and semi-monthly.

Here's the catch with biweekly pay. Since a year has 52 weeks, two months of the year will include three paychecks instead of two. Semi-monthly pay always gives you two paychecks a month, but each one is slightly larger than a biweekly paycheck.

When This Salary Calculator Is Useful

• Comparing job offers. One company lists pay per hour and another lists a yearly package. Convert both to the same period and the choice gets clearer.
• Checking a raise. See what an extra 2 an hour means over a full year.
• Setting a freelance rate. Work backward from the yearly income you want to get an hourly rate. Then add extra for unpaid leave, slow months and business costs.
• Making a budget. Turn a yearly salary into a monthly figure you can plan around.
• Checking your payslip. Confirm that the number your employer quoted matches your contract.

Frequently Asked Questions