Salary Converter
Annual ↔ hourly ↔ monthly breakdown
How to Use the Salary Converter
Convert between annual, monthly, biweekly, weekly, daily, and hourly pay rates. Perfect for comparing job offers, understanding your true earnings, or planning budgets.
Standard Assumptions
Our calculations assume 40 hours per week and 52 weeks per year (2,080 work hours annually). You can adjust these values if your schedule differs.
Comparing Job Offers
When comparing offers with different pay frequencies:
- Convert both to annual salary for fair comparison
- Consider benefits value (health insurance, 401k match, PTO)
- Factor in commute costs and work-life balance
- Account for overtime eligibility differences
For Freelancers
When setting hourly rates, remember to account for self-employment tax (~15.3%), health insurance, retirement savings, and unpaid time off. Many freelancers target hourly rates 25-50% higher than equivalent employee rates.
Frequently Asked Questions
Multiply hourly rate by 2,080 (40 hours x 52 weeks) for full-time annual salary. $20/hour = $41,600/year. For part-time, multiply by actual weekly hours x 52. This assumes no unpaid time off; actual take-home depends on benefits and PTO.
Divide annual salary by 2,080 hours. A $50,000 salary equals $24.04/hour. For monthly to hourly, multiply by 12, then divide by 2,080. This calculation helps compare job offers with different pay structures.
It depends on location, industry, and experience. National average hourly wage is about $30/hour. $15/hour is minimum wage in many states. $25/hour equals about $52,000/year. Research your specific role and market for realistic expectations.
A standard work year has 2,080 hours (40 hours x 52 weeks). Accounting for holidays (typically 10 days) and vacation (average 10 days), actual work time is about 1,920 hours. Your company may vary in PTO policies.
Salary offers predictable income and often includes benefits like health insurance and paid time off. Hourly provides overtime pay (1.5x rate over 40 hours). Consider job security, workload consistency, and benefits when choosing.
Divide annual salary by 260 (working days per year) or divide by 52, then by 5. A $52,000 salary equals $200/day or $1,000/week. This helps with budgeting and evaluating daily value of work.