Salary Calculator
Convert pay between hourly, weekly, monthly and yearly — and see what an hourly wage actually is as an annual salary.
| Hourly | — |
|---|---|
| Daily | — |
| Weekly | — |
| Bi-weekly (every 2 weeks) | — |
| Semi-monthly (twice a month) | — |
| Monthly | — |
| Annual | — |
Gross pay, before taxes and deductions.
2080 hours a year is a year with no Christmas in it
Forty hours times fifty-two weeks is 2080, and that is the divisor almost every salary-to-hourly conversion uses. It describes a year in which nobody takes a day off — not a holiday, not a public holiday, not one sick day. Counting 22 days of leave and holidays, the working year is 47.6 weeks:
| Assumption | Hours a year | On $65,000 |
|---|---|---|
| 52 weeks, no time off | 2,080 | $31.25/h |
| two weeks off | 2,000 | $32.50/h |
| four weeks off | 1,920 | $33.85/h |
| eleven days plus eleven holidays | 1,904 | $34.14/h |
The standard divisor understates the real hourly rate by 9.2% — $31.25 against $34.14. That is not a rounding difference; it is most of a raise.
It matters most when comparing an offer against contract work. A contractor billing $31.25 to match a $65,000 salary is undercharging, because they will not be paid for the 22 days the salaried worker has off — the honest starting point is $34.14, before everything else a contract rate has to cover. This page lets you set hours, days and weeks yourself, which is the right design — but the defaults are 40, 5 and 52, so the first number it hands you is the one that assumes the year with no Christmas in it.
And it runs the other way if you work over
The same arithmetic on hours actually worked is the column people find unpleasant:
| Hours a week | Hours a year | Effective rate |
|---|---|---|
| 40 | 1,904 | $34.14/h |
| 45 | 2,142 | $30.35/h |
| 50 | 2,380 | $27.31/h |
| 55 | 2,618 | $24.83/h |
| 60 | 2,856 | $22.76/h |
Going from forty hours to fifty-five is a 27% pay cut per hour, and the salary on the contract has not moved — every row multiplies back to exactly $65,000. That is the economics of salaried work in one column: the extra hour is free to whoever asked for it.
The salary-against-hourly comparison
The two differ in what happens to the weeks you do not work, not in the nominal rate. At $32/h:
| Paid for | Annual total |
|---|---|
| 47.6 worked weeks only | $60,928 |
| all 52 weeks | $66,560 |
A gap of $5,632 at the same nominal rate, and it is exactly the unworked weeks. That gap is the paid time off, and it never appears in the hourly figure on either side — so comparing a salary to an hourly rate without first deciding how the unworked weeks are treated is comparing two different questions.
How to use
- Enter your pay at whatever frequency you know it.
- Set your hours per week and weeks per year.
- Read the equivalent at every other frequency.
- Remember this is gross, before tax and deductions.
Frequently asked questions
How is an hourly rate converted to a salary?
Hours per week multiplied by weeks worked per year, times the rate. The usual shortcut of multiplying by 2,080 assumes 40 hours across 52 weeks with no unpaid time off, which overstates the figure for anyone taking unpaid leave.
Why do monthly and four-weekly pay differ?
Because a year holds twelve months but thirteen four-week periods. Dividing an annual salary by twelve is not the same as paying every four weeks, which is why some employers' pay dates drift and why a four-weekly payslip is smaller than a monthly one at the same salary.
Is this gross or net?
Gross — before income tax, social contributions, pension and any other deduction. Take-home pay is substantially lower, and the gap varies enormously by country and circumstance. Comparing a gross salary to a net one is a common and expensive confusion in job hunting.
How should I compare contract and permanent rates?
Not directly. A contract hourly rate has to cover unpaid holiday, sick leave, pension, employer contributions, periods between contracts and often insurance and accounting. A commonly cited rule of thumb puts the equivalent contract rate well above the naive conversion, and the right figure depends on your situation.
Does total compensation matter more than salary?
Frequently. Pension contributions, healthcare, bonuses, equity and paid leave can differ by a large fraction of salary between two offers with similar headline figures. Comparing on salary alone is how people take a worse offer that looked better.
What about unpaid overtime?
It reduces your real hourly rate directly, and it is worth calculating. A salary that looks generous at 40 hours looks considerably less so at 55, and doing that arithmetic before accepting a role is more useful than doing it a year in.
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