Salary to Hourly Converter

Convert annual salary to hourly rate and vice versa. Accounts for work hours per week and weeks per year.

Salary to Hourly Converter tool

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Example

Input: $60,000 annual salary, 40 hours per week, 52 weeks per year

Result: Hourly Rate $28.85 (Weekly $1,153.85, Monthly $5,000.00)

60,000 / (40 x 52) = 60,000 / 2,080 hours = $28.85 per hour.

Common Salaries as Hourly Pay

Annual SalaryHourlyMonthlyBiweekly
$30,000$14.42$2,500.00$1,153.85
$40,000$19.23$3,333.33$1,538.46
$50,000$24.04$4,166.67$1,923.08
$60,000$28.85$5,000.00$2,307.69
$75,000$36.06$6,250.00$2,884.62
$100,000$48.08$8,333.33$3,846.15
$150,000$72.12$12,500.00$5,769.23

Based on 40 hours a week for 52 weeks (2,080 paid hours a year), before tax.

  1. Choose the conversion direction (salary to hourly or hourly to salary) and enter the amount.
  2. Set the number of hours you work per week.
  3. Specify the number of working weeks per year (accounting for vacation).
  4. View the converted rate: annual to hourly, or hourly to annual.
  5. See the breakdown by monthly, biweekly, weekly, and daily (8-hour) pay.

Converting Salary to an Hourly Rate

To turn a yearly salary into an hourly rate, divide it by the hours you work in a year. At 40 hours a week for 52 weeks, that is 2,080 hours, so $60,000 a year equals $28.85 an hour. This tool also works the other way, from hourly pay to a yearly salary.

Choose the direction, enter the amount, and set your hours per week and weeks per year. The tool shows the converted rate plus monthly, biweekly and weekly pay. It also shows pay for an 8-hour day. The biweekly figure divides the yearly total by half your working weeks, which is 26 pay periods for a 52-week year.

Why change the weeks? If you take 4 unpaid weeks off, set 48 weeks, and $60,000 becomes $31.25 an hour. For salaried staff, paid leave is still paid, so 52 weeks is usually right. For freelancers, only billable weeks count, and that changes the rate a lot. A quick rule of thumb: halve the hourly rate and add three zeros to get a rough yearly figure. So $25 an hour is about $50,000 a year, since the exact figure is $52,000. It is handy for comparing job ads at a glance.

All figures are gross pay, before tax and other deductions. They also leave out benefits such as health cover or a retirement match, which can make a salaried job worth more than its hourly rate suggests. To compare offers in other currencies, try the Currency Converter.

Formula / How It Works

Hourly Rate = Annual Salary / (Hours per Week x Weeks per Year). Standard: Annual Salary / 2,080 for 40 hrs/week, 52 weeks/year.

Frequently Asked Questions

A full-time year at 40 hours a week for 52 weeks is 2,080 hours. That count includes paid holidays and vacation. If you only count days actually worked, the number is lower, often around 1,900 to 2,000 hours. Set the weeks per year in this tool to match your case.
At 40 hours a week for 52 weeks, $50,000 a year is $24.04 an hour. That is about $4,166.67 a month and $1,923.08 every two weeks, before tax. With 48 paid weeks instead of 52, the hourly rate rises to $26.04.
At 40 hours a week for 52 weeks, $20 an hour is $41,600 a year. That works out to about $3,466.67 a month, before tax. At 30 hours a week the yearly figure drops to $31,200. Switch the direction in the tool to test other hours.
Only as a starting point. Salaried jobs often include paid leave, health cover and retirement matches, while hourly or contract work may not. Hourly jobs may pay overtime, though. Add the value of benefits and extra hours before deciding which offer pays more.
Start with the income you want. Add your costs, such as taxes, insurance, software and time off. Then divide by the hours you can actually bill, which is often well below 2,080 a year. The result is usually much higher than the salary-based hourly rate from this tool.

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