Salary Calculator

How to Use the Salary Calculator

Choose whether you want to convert from an annual salary or an hourly wage using the toggle at the top. Enter your pay amount in dollars. If you selected hourly, you can also adjust the hours worked per week (default is 40) and weeks worked per year (default is 52). The calculator instantly converts your pay into every common pay period: annual, monthly, biweekly, weekly, daily, and hourly. This makes it easy to compare job offers or understand your income across different time frames.

How Salary Conversions Work

All conversions are based on the hours per week and weeks per year you specify. Annual salary equals the hourly rate multiplied by hours per week and weeks per year. Monthly income is the annual amount divided by 12. Biweekly pay divides the annual total by 26 pay periods. Weekly pay is annual divided by the number of weeks worked. Daily pay divides weekly pay by 5 working days. These calculations assume a consistent schedule without overtime, bonuses, or unpaid time off.

Comparing Job Offers

When evaluating two job offers with different pay structures, this calculator helps you make an apples-to-apples comparison. An hourly position at $35 per hour with 40 hours per week equates to $72,800 annually, while a salaried position at $70,000 per year works out to roughly $33.65 per hour. Remember that total compensation also includes benefits like health insurance, retirement contributions, paid time off, and bonuses, which this calculator does not factor in.

Part-Time and Freelance Considerations

If you work fewer than 40 hours per week or fewer than 52 weeks per year, adjust those fields accordingly. Freelancers should account for self-employment taxes (approximately 15.3% for Social Security and Medicare), unpaid vacation, health insurance costs, and business expenses when comparing freelance rates to traditional salary offers. A common rule of thumb is that freelance rates should be 25-50% higher than equivalent employee hourly rates to cover these additional costs.

Frequently Asked Questions

How do I convert an annual salary to hourly?

Divide your annual salary by the total number of working hours in a year. For a standard 40-hour week over 52 weeks, divide by 2,080. For example, $60,000 per year divided by 2,080 equals approximately $28.85 per hour.

What is biweekly pay?

Biweekly pay means you are paid every two weeks, resulting in 26 pay periods per year. This differs from semi-monthly pay (twice per month, 24 pay periods). To calculate biweekly pay, divide your annual salary by 26.

Does this calculator account for taxes?

No, all amounts shown are gross (before tax) figures. Your actual take-home pay will be lower after federal, state, and local income taxes, as well as FICA taxes. Use our Tax Calculator for detailed tax estimates.

How many working hours are in a year?

A standard full-time year has 2,080 working hours (40 hours per week times 52 weeks). If you take two weeks of unpaid vacation, it drops to 2,000 hours. Adjust the weeks per year field to reflect your actual working schedule.

Should I include overtime in my calculations?

This calculator assumes regular hours only. If you regularly work overtime, you can increase the hours per week to include average overtime hours. Note that overtime is typically paid at 1.5 times the regular rate for non-exempt employees, which this calculator does not account for separately.