Salary Converter
Convert pay between hourly, daily, weekly, monthly and annual.
Last updated
Your details
Use 48 if you take four unpaid weeks off.
Result
- Per year
- $52,000.00
- Per month
- $4,333.33
- Per week
- $1,000.00
- Per day
- $200.00
- Per hour
- $25.00
- Total hours a year
- 2,080
Assuming 5 working days a week
Let's work it out…
annual = hourly × hours per week × paid weeks
annual = $25.00 × 40 × 52
annual = $52,000.00
Formula — written step by step
$25 an hour, 40 hours a week…
annual = hourly × hours per week × paid weeks
annual = 25 × 40 × 52
annual = 25 × 2,080
annual = $52,000
The 2,080-hour year — forty hours across fifty-two weeks — is the standard full-time assumption. Reduce the paid weeks if your time off is unpaid.
A worked example
What does a $60,000 salary work out to hourly?
- Annual
- $60,000
- Hours per week
- 40
- Paid weeks
- 52
- hours a year = 40 × 52 = 2,080
- hourly = 60,000 ÷ 2,080
$28.85 an hour
A quick approximation: halve the thousands. A $60k salary is roughly $30 an hour, and the shortcut is accurate to within about 4% at a 2,080-hour year.
How to use this calculator
- Enter your pay and choose the period it covers — hourly, daily, weekly, monthly or yearly.
- Set your usual hours per week, and the number of weeks you are actually paid for.
- Every other period is worked out from there, so you can compare a contract rate against a salary directly.
- These are gross figures, before tax and deductions.
The 2,080-hour year, and when it is wrong
Full-time work is conventionally 40 hours over 52 weeks, giving 2,080 hours a year. It is the figure most salary comparisons assume, and it quietly treats paid holiday as paid time — which is right for a salaried employee and wrong for a contractor.
A contractor taking four unpaid weeks works 1,920 hours. Comparing their rate against a salary at 2,080 hours understates what they need to charge by about 8%.
An hourly rate is not the whole comparison
Salaried roles usually carry paid leave, sick pay, employer pension contributions and often health cover. Contract rates carry none of these, so a like-for-like comparison has to add them back — commonly 20 to 30% on top of the headline salary.
Self-employment also brings the employer share of payroll taxes and unpaid time between contracts. Neither appears in an hourly conversion, and both matter more than the rate itself.
Formula & methodology
What this calculator assumes
- A full-time year is taken as the hours per week you enter multiplied by the paid weeks you enter — 2,080 hours at the defaults of 40 and 52.
- Monthly pay is a straight twelfth of the annual figure, which matches how salaried pay is issued. It does not track the differing number of working days in each month.
- Working days per week are inferred from your hours at eight hours a day, so the daily figure follows your actual schedule rather than a fixed five.
- All figures are gross: before income tax, social security or payroll deductions, and before any pension or benefit contributions.
- Benefits attached to salaried employment — paid leave, sick pay, employer pension, insurance — are not valued here, so a contract rate and a salary are not directly comparable on this page alone.
Sources
Frequently asked questions
Is this gross or net pay?
Gross — before income tax, national insurance or social security, and before any pension or benefit deductions. Take-home pay depends on where you live and your personal circumstances.
How do I convert a contract rate to an equivalent salary?
Multiply by the hours you will actually bill, not 2,080, then subtract what you would have received as benefits. Many contractors use 46 to 48 billable weeks as a realistic year.
Why is my monthly pay not exactly a twelfth?
It usually is for a salary. Hourly pay varies because months contain different numbers of working days — which is why some employers pay every two weeks, giving 26 rather than 24 payments.