Turn an annual salary into an hourly rate. Enter the salary, your weekly hours and the weeks you work per year, and see weekly, biweekly, monthly and daily pay too. Free, private, and runs entirely in your browser.
The hourly rate is the annual salary divided by the total hours worked in a year, which is hours per week times weeks worked. Other pay periods divide the salary by the number of periods in a year.
What is $60,000 a year per hour? At 40 hours a week for 52 weeks it is $28.85 an hour. If you work 50 paid weeks, it is $30.00.
Should I use 52 weeks? Use 52 if your vacation is paid. Use fewer weeks if time off is unpaid, which raises the effective hourly rate.
A salary of $60,000 with a 40-hour week and 52 weeks: 60,000 ÷ (40 × 52) = 60,000 ÷ 2,080 = $28.85 an hour. Weekly pay is $1,153.85, biweekly $2,307.69 and monthly $5,000. With 50 worked weeks, the rate becomes 60,000 ÷ 2,000 = $30.00.
How many working hours are in a year? About 2,080 at 40 hours a week for 52 weeks.
Does this include overtime? No. It uses a flat number of hours. Overtime pay needs its own calculation.
The 40-hour workweek was written into US law by the Fair Labor Standards Act of 1938, which set the first federal minimum wage and required overtime pay beyond a weekly limit that fell to 40 hours by 1940. Since then, 2,080 hours has become the standard figure for converting between annual and hourly pay in payroll and job postings.
Use this calculator to compare a salaried offer with an hourly one, to set freelance rates, or to see what a raise means per hour. A salary of $85,000 at 40 hours a week is about $40.87 an hour. Remember that this is gross pay before tax.
How do I convert hourly pay to a salary? Multiply the hourly rate by hours per week and weeks per year. At $25 an hour, 40 hours and 52 weeks, that is $52,000.
What about a four-day work week? Enter your actual hours, such as 32. The calculator uses whatever hours you provide.