PayRateTools

Salary & Pay Rate Calculators

Convert between hourly, annual, monthly, and more. Free tools for all your salary calculations.

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Browse all salary breakdowns, $30k to $200k → Employer and HR calculators →

Salary Guides & Resources

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Salary Negotiation Guide

Learn proven strategies to negotiate higher pay with confidence

Understanding Benefits

Calculate the true value of your total compensation package

Entry-Level Salaries

Explore typical starting salaries across industries

All Calculators

Overtime Calculator

Calculate regular pay, overtime (1.5x), and double-time (2x) earnings

Raise Calculator

See how a raise impacts your annual, monthly, and lifetime earnings

Pay Frequency Converter

Convert between weekly, bi-weekly, semi-monthly, and monthly pay

Job Offer Comparison

Compare total compensation including salary, benefits, and perks

Salary vs Hourly

Compare salaried and hourly positions to find the better deal

Meeting Cost Calculator

Calculate the true cost of meetings based on attendee salaries

Employee Cost Calculator

Calculate total employer cost including benefits and taxes

Turnover Cost Calculator

Estimate the true cost of replacing an employee

Freelance Rate Calculator

Calculate the hourly rate you need to meet your income goals

Take-Home Pay Calculator

Estimate net pay after federal and state taxes

Benefits Value Calculator

Calculate the total value of your compensation package

PTO Value Calculator

Calculate the monetary value of your paid time off

Bonus Calculator

Calculate your net bonus after taxes and withholdings

Commission Calculator

Calculate earnings from base salary plus commission

Part-Time FTE Calculator

Calculate FTE percentage and prorated salary

Pay Compression Calculator

Measure the pay gap between new hires and tenured employees

Compa-Ratio Calculator

Compare a salary to the pay range midpoint

Contractor to Salary Calculator

Convert a 1099 contract rate to a W-2 salary and back

Burden Rate Calculator

Find the fully-loaded cost and burden rate of an employee

Day Rate to Salary Calculator

Convert a daily rate to annual salary, and the reverse

Blended Overtime Rate Calculator

Weighted-average regular rate for multiple pay rates

Prorated Salary Calculator

Prorate an annual salary by days worked or FTE

Salary Midpoint Calculator

Build a pay range from a midpoint or min and max

How to Convert Hourly to Annual Salary

Converting an hourly wage to an annual salary is straightforward. Simply multiply your hourly rate by the number of hours you work per week, then multiply by 52 (weeks per year).

Formula: Annual Salary = Hourly Rate × Hours per Week × 52

For example, if you earn $20 per hour and work 40 hours per week: $20 × 40 × 52 = $41,600 per year

Converting Salary to Hourly Rate

To convert an annual salary to an hourly rate, divide the annual salary by the total number of working hours in a year (typically 2,080 hours for full-time work).

Formula: Hourly Rate = Annual Salary ÷ 2,080

For example, a $60,000 annual salary equals: $60,000 ÷ 2,080 = $28.85 per hour

Understanding Pay Frequencies

  • Weekly: 52 paychecks per year
  • Bi-weekly: 26 paychecks per year (every 2 weeks)
  • Semi-monthly: 24 paychecks per year (1st and 15th)
  • Monthly: 12 paychecks per year

Frequently Asked Questions

How many working hours are in a year?
A standard full-time schedule is 2,080 working hours per year (40 hours per week multiplied by 52 weeks). Most salary-to-hourly conversions use this figure. If you take unpaid time off, your actual hours worked are lower, which raises your true hourly rate. The calculator above lets you change the hours and weeks to match your real schedule.

Should I convert my gross pay or my net pay?
Always start with gross pay, the amount before taxes and deductions, when converting between hourly, weekly, and annual figures. Tax withholding changes with your state, filing status, and benefits, so net pay is not comparable across jobs. Once you have your gross numbers, use our take-home pay calculator to estimate what actually lands in your account.

What is the difference between bi-weekly and semi-monthly pay?
Bi-weekly means you are paid every two weeks, which is 26 paychecks a year. Semi-monthly means twice a month, for example the 1st and 15th, which is 24 paychecks a year. Two months each year contain three bi-weekly paychecks, so the same annual salary produces slightly larger bi-weekly checks than semi-monthly ones. The pay frequency converter shows an exact side-by-side.

How does unpaid time off change my annual pay?
Salaried pay is usually unaffected by occasional time off, but for hourly workers every unpaid day lowers annual earnings. At $25 per hour, five unpaid days (40 hours) reduce yearly pay by $1,000. Lower the weeks-per-year value in the calculator above to model unpaid leave accurately.

Is it better to be paid a salary or hourly?
Neither is universally better. Salaried roles offer predictable income and often richer benefits, while hourly roles can earn overtime for hours beyond 40 per week. The right answer depends on how many hours you actually work. Our salary vs hourly calculator finds the break-even point for your situation.

How do I find a part-time wage as a full-time equivalent (FTE)?
Divide the part-time hours by full-time hours (usually 40) to get the FTE percentage, then apply it to the full-time salary. For example, 24 hours a week is a 0.6 FTE, so a $60,000 full-time role is worth about $36,000 part-time. Our part-time FTE calculator does this automatically.