Convert between hourly, monthly, and annual pay
Job offers come in different formats โ some quote hourly rates, others quote annual salaries or monthly pay. Converting everything to the same basis makes comparison straightforward.
Hourly to annual: Hourly rate ร Hours per week ร 52 weeks
Monthly to annual: Monthly salary ร 12
Annual to hourly: Annual salary รท 52 รท Hours per week
| Hourly rate | Weekly (40h) | Monthly | Annual |
|---|---|---|---|
| $15 | $600 | $2,600 | $31,200 |
| $20 | $800 | $3,467 | $41,600 |
| $25 | $1,000 | $4,333 | $52,000 |
| $30 | $1,200 | $5,200 | $62,400 |
| $40 | $1,600 | $6,933 | $83,200 |
| $50 | $2,000 | $8,667 | $104,000 |
| $75 | $3,000 | $13,000 | $156,000 |
| $100 | $4,000 | $17,333 | $208,000 |
This calculator shows gross salary โ your pay before taxes and deductions. What you actually take home (net pay) depends on income tax rates, social security contributions, health insurance premiums, and retirement contributions. In the US, take-home pay is typically 65โ80% of gross salary depending on income level and deductions. In European countries with higher social contributions, net pay may be 55โ70% of gross.
When comparing a full-time offer to a part-time role, convert both to hourly rate first. A 30-hour/week job at $28/hour ($43,680/year) may compare favourably to a 40-hour/week job at $22/hour ($45,760/year) when work-life balance is considered โ but the hourly rate makes the comparison transparent.
Total compensation includes more than base pay. Bonuses, commissions, stock options or RSUs, employer retirement contributions, health insurance, paid time off, and other benefits all have real monetary value. A job offering $70,000 with excellent benefits can be worth more than $80,000 with minimal benefits โ calculating the full package prevents undervaluing job offers.
Multiply your hourly rate by the number of hours you work per week, then multiply by 52. At $25/hour working 40 hours per week: $25 ร 40 ร 52 = $52,000 per year.
Simply multiply by 12. A $4,000 monthly salary equals $48,000 per year before taxes.
No โ this calculator uses your regular hourly rate and hours. Overtime pay (typically 1.5ร your regular rate) would increase the annual figure if you regularly work overtime.
A standard full-time schedule is 40 hours ร 52 weeks = 2,080 hours per year. After subtracting typical paid time off (10 vacation days + 10 public holidays), actual working hours are closer to 1,920 per year.
Negotiate in whichever format the employer uses for the role. For salaried positions, negotiate annually โ it is easier to evaluate and compare. For hourly positions, negotiate the hourly rate. Always confirm what benefits and bonuses are included before accepting any offer.