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The formula is simple: Annual Salary / Work Hours Per Year. But the details matter. How many weeks do you actually work? Does your company pay for vacation? Are you comparing to an hourly job or a freelance rate? Here's how to get it right.
Hourly Rate = Annual Salary / (Hours per Week x Weeks per Year)
For a standard full-time schedule: 40 hours x 52 weeks = 2,080 work hours per year.
Skip the math. Enter your salary and see the conversion.
Open Salary Converter →| Annual salary | Hourly (52 weeks) | Hourly (50 weeks) | After tax (~22%) |
|---|---|---|---|
| $30,000 | $14.42 | $15.00 | $11.25 |
| $35,000 | $16.83 | $17.50 | $13.13 |
| $40,000 | $19.23 | $20.00 | $15.00 |
| $45,000 | $21.63 | $22.50 | $16.88 |
| $50,000 | $24.04 | $25.00 | $18.75 |
| $55,000 | $26.44 | $27.50 | $20.63 |
| $60,000 | $28.85 | $30.00 | $22.50 |
| $70,000 | $33.65 | $35.00 | $26.25 |
| $80,000 | $38.46 | $40.00 | $30.00 |
| $90,000 | $43.27 | $45.00 | $33.75 |
| $100,000 | $48.08 | $50.00 | $37.50 |
| $120,000 | $57.69 | $60.00 | $43.50 |
| $150,000 | $72.12 | $75.00 | $54.38 |
The "50 weeks" column accounts for 2 weeks of unpaid time off. If your employer provides paid vacation, use 52 weeks because you are paid for those weeks too.
This distinction changes a $75,000 salary from $36.06/hour (52 weeks) to $39.06/hour (48 weeks). A $3/hour difference just from counting weeks correctly.
Multiply: Hourly Rate x Hours per Week x Weeks per Year.
| Hourly rate | Annual (40h, 52wk) | Monthly | Biweekly |
|---|---|---|---|
| $15 | $31,200 | $2,600 | $1,200 |
| $20 | $41,600 | $3,467 | $1,600 |
| $25 | $52,000 | $4,333 | $2,000 |
| $30 | $62,400 | $5,200 | $2,400 |
| $40 | $83,200 | $6,933 | $3,200 |
| $50 | $104,000 | $8,667 | $4,000 |
If you regularly work 45 or 50 hours per week, your effective hourly rate is lower than the formula suggests. A $60,000 salary at 50 hours/week is not $28.85/hour. It's $60,000 / (50 x 52) = $23.08/hour. That is a 20% lower effective rate than the standard calculation shows.
The converter lets you set hours per week to any number, so you can see your true hourly rate based on actual hours worked.
Enter your real hours and see your true hourly rate.
Open Salary Converter →