Converting your annual salary to an hourly rate helps you better understand your earnings on a per-hour basis. This calculator makes it easy to determine your equivalent hourly wage based on your yearly salary and work schedule.
How it works
The basic formula to convert annual salary to hourly rate is:
A typical full-time work year in the United States consists of:
- 52 weeks per year
- 40 hours per week
- 260 working days (excluding weekends)
- 11 federal holidays
- 10 days (2 weeks) of paid vacation
- Approximately 1,880 actual working hours per year
Important considerations
Your actual working hours will vary based on your specific situation: - Paid
time off (PTO) and vacation days - Company holidays - Overtime hours -
Part-time or flexible schedules - Working days in your country
Understanding your results
The calculator provides several useful conversions:
- Your primary hourly rate
- Monthly salary (divided across 12 months)
- Weekly pay rate
- Daily rate
It also breaks down your work year into:
- Worked vs. non-worked months
- Working days vs. non-working days
- Active weeks vs. off weeks
- Total working hours vs. non-working hours
Why calculate your hourly rate?
Understanding your hourly rate can help you:
- Compare job offers more effectively
- Evaluate freelance or contract work opportunities
- Budget your time more efficiently
- Negotiate compensation
- Calculate overtime pay
- Understand the impact of your paid time off
- Plan your work-life balance
Additional tips
- For the most accurate calculations, customize the advanced options with your specific:
- Weekly working hours
- Vacation time
- Paid holidays
- Remember that this is your gross (pre-tax) hourly rate
- Some benefits like health insurance, retirement contributions, and bonuses aren't reflected in this calculation
- Consider that some months have more working days than others due to holidays and weekends
Use the calculator below to quickly convert your annual salary to an hourly rate and understand your complete compensation breakdown.