Salary Calculator
Convert your salary between annual, monthly, biweekly, weekly, daily, and hourly amounts.
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Results
Disclaimer: This calculator provides estimates for informational purposes only. Results are not financial advice. Consult a qualified financial advisor for decisions about your specific situation. Actual rates, terms, and conditions may vary by lender and individual circumstances.
How Does the Salary Calculator Work?
The salary calculator converts your compensation between different pay periods using standard work assumptions. If you enter an annual salary, it divides by the appropriate number of pay periods: 12 for monthly, 26 for biweekly, 52 for weekly, and 260 for daily (52 weeks × 5 working days). For hourly input, it multiplies by your hours per week and weeks per year to calculate the annual equivalent, then derives all other periods. This conversion is essential for comparing job offers quoted in different frequencies, understanding the true value of your time, and budgeting based on your actual pay schedule.
Annual = Hourly × Hours/Week × Weeks/Year; Monthly = Annual / 12; Biweekly = Annual / 26How to Use This Calculator
Enter your salary amount and select the corresponding pay frequency (annual, monthly, biweekly, weekly, or hourly). If you selected hourly, also enter your typical hours per week and working weeks per year. The default is 40 hours and 52 weeks, but adjust these if you work part-time or have unpaid time off. The calculator instantly converts your pay into all other frequencies so you can see your annual, monthly, biweekly, weekly, daily, and hourly equivalents.
Example Calculation
Maria earns $28 per hour and works 40 hours per week, 50 weeks per year (2 weeks unpaid vacation).
- 1Hourly rate = $28
- 2Hours per week = 40
- 3Weeks per year = 50
- 4Annual salary = $28 × 40 × 50 = $56,000
- 5Monthly = $56,000 / 12 = $4,667
- 6Biweekly = $56,000 / 26 = $2,154
- 7Weekly = $56,000 / 52 = $1,077
- 8Daily = $56,000 / 260 = $215
Understanding Your Results
All conversions assume a consistent work schedule. The biweekly figure is based on 26 pay periods per year (some months you receive 3 paychecks if paid biweekly). Daily rate assumes 260 working days (52 weeks × 5 days). If you receive paid vacation, your effective hourly rate may be higher than the calculated rate since vacation days are paid but not worked.
Factors Affecting Take-Home Pay
Paid Time Off
Paid vacation increases your effective hourly rate. Unpaid time off reduces your annual total.
Overtime
Non-exempt employees earn 1.5× for hours over 40/week, which significantly affects actual annual income.
Benefits Value
Health insurance, 401(k) match, and other benefits add 20-40% to your total compensation beyond salary.
Tax Withholding
Gross salary and net (take-home) pay differ significantly. Use the Income Tax Calculator for tax estimates.
Tips & Best Practices
- ✓When comparing job offers, convert all salaries to the same pay period for an apples-to-apples comparison.
- ✓Factor in benefits value — a lower salary with great benefits may be worth more than a higher salary without them.
- ✓If you freelance, remember to account for self-employment tax, health insurance, and retirement contributions not covered by an employer.
- ✓Use the hourly rate to evaluate whether side work, overtime, or freelance projects are worth your time.
- ✓Adjust weeks per year downward if you have unpaid time off to get a more accurate annual figure.
Frequently Asked Questions
How do I convert annual salary to hourly rate?▾
Why does biweekly pay not equal monthly pay divided by two?▾
Does this calculator account for taxes?▾
How do I calculate my real hourly rate including commute time?▾
What is a good salary in the US?▾
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