How to use this salary to hourly calculator
Type the pay figure you know and choose the period it covers. If a job advert says $60,000 a year, enter 60000 and leave "per" on Year; if a temp agency quotes $25 an hour, enter 25 and switch to Hour. The table below immediately shows the same pay expressed per hour, day, week, fortnight, month and year. With the default 40 hours a week and 52 paid weeks, $60,000 a year comes out at $28.85 an hour, $230.77 a day, $1,153.85 a week and $5,000 a month. Going the other way, $25 an hour is $52,000 a year or $4,333.33 a month.
The hours, days and weeks fields matter more than people expect. Many offices in the UK, Australia and much of Europe run a 37.5-hour week, and on that basis the same $60,000 salary is worth $30.77 an hour, almost two dollars more. Contractors who are not paid for holidays should reduce the paid weeks: at 48 weeks, $25 an hour brings in $48,000 rather than $52,000. Open the optional section to add regular overtime at time-and-a-half, or to knock unpaid days off an hourly worker's annual total.
Why convert salary to an hourly rate
Job offers rarely arrive in the same units. One employer quotes a yearly salary, a recruiter quotes a day rate, and a part-time role is advertised per hour. Converting everything to one figure is the only fair way to compare them, and the hourly rate is the most honest one because it accounts for how many hours the money actually buys. A $70,000 job that expects 50-hour weeks pays $26.92 an hour, less than a $60,000 job on 40 hours. Seen that way, the "better" offer is not always the larger number.
The same arithmetic helps when deciding whether overtime is worth it, working out what a freelance day rate needs to be to match a staff salary, or checking that a payslip matches what was agreed. Remember that every figure here is gross: income tax, social security or national insurance, and pension contributions all come off before the money reaches you, so treat the results as a comparison tool rather than a prediction of your bank balance.