Salary Calculator: Hourly, Weekly, Monthly, and Annual Pay

About the salary calculator: hourly, weekly, monthly, and annual pay

Job posts, offers, and paychecks rarely use the same unit. One employer quotes $28 an hour, another offers $62,000 a year, and your rent is due monthly. This free salary calculator converts any pay amount into every common period at once: hourly, daily, weekly, biweekly, semimonthly, monthly, and annual. Enter what you are paid and how often, adjust the hours and weeks to match your schedule, and the table updates as you type.

Results are gross pay, meaning before taxes, retirement contributions, and insurance premiums come out. Everything runs in your browser, so nothing you enter is stored or sent anywhere. Below, you will find the exact formulas, why biweekly and semimonthly pay are not the same, and how to compare an hourly job with a salaried one fairly.

How to use it

1. 1

   Enter your pay amount

   Type the number from your offer, job post, or pay stub. Dollar signs and commas are fine, since the calculator ignores them.

2. 2

   Choose how often that amount is paid

   Pick hourly, daily, weekly, biweekly, semimonthly, monthly, or annual. The calculator first turns your amount into an annual figure, then divides it back into every other period.

3. 3

   Set your hours, days, and weeks

   Use your real schedule. Keep 52 weeks if your time off is paid, and subtract any unpaid weeks. Part-time workers should enter their average weekly hours.

4. 4

   Read the table and compare

   Your annual gross pay appears at the top, and the highlighted row shows the period you entered. Change one input at a time to see what a schedule change is worth.

How the salary calculator does the math

Every conversion goes through one number: your annual gross pay. For hourly pay, that is your hourly rate times hours per week times weeks per year. A full-time year is 40 hours times 52 weeks, or 2,080 paid hours. At $28 an hour, that gives $58,240 a year.

From the annual figure, the calculator divides back out. Monthly pay is annual divided by 12. Biweekly is annual divided by 26 paychecks, and semimonthly is annual divided by 24. Weekly pay is annual divided by your weeks per year, daily pay divides by days per week times weeks per year, and hourly pay divides by hours per week times weeks per year. If you take unpaid weeks, the weekly figure shows pay for a week you work, while biweekly, semimonthly, and monthly spread the year's pay evenly across the calendar.

• Hourly to annual: hourly rate × hours per week × weeks per year.
• Annual to hourly: annual salary ÷ (hours per week × weeks per year).
• Quick estimate: double your hourly rate and add three zeros. $25 an hour is roughly $50,000, and exactly $52,000 at 2,080 hours.

Biweekly vs. semimonthly vs. monthly pay

Biweekly and semimonthly sound alike but produce different paychecks. Biweekly means every other week, which is 26 paychecks a year. Semimonthly means twice a month, often on the 15th and the last day, which is 24 paychecks. On a $58,240 salary, a biweekly check is $2,240 and a semimonthly check is about $2,427. The annual total is the same.

Biweekly is the most common schedule. In February 2023, 43.0% of private U.S. establishments paid biweekly, 27.0% weekly, 19.8% semimonthly, and 10.3% monthly, according to the Bureau of Labor Statistics. If you are paid biweekly, two months each year include a third paycheck, which is useful for budgeting. Also note that a month is not four weeks. It averages about 4.33 weeks, so monthly pay is your weekly pay times 52, divided by 12.

Choosing the right hours and weeks

The defaults of 40 hours, 5 days, and 52 weeks fit a standard full-time job with paid time off. Change them when your situation differs, because small changes in weeks or hours add up over a year.

• Unpaid time off: If you are hourly and take two unpaid weeks, enter 50 weeks. That alone lowers annual pay by about 4%.
• Part-time or variable hours: Enter your average hours per week over the last few months, not your best week.
• Overtime: The calculator does not add overtime. Under federal law, covered nonexempt employees must get at least time and a half for hours over 40 in a workweek, per the Department of Labor. If you work regular overtime, calculate it separately and add it to your annual total.
• Four-day or compressed schedules: Change days per week so the daily rate reflects what you actually earn per workday.
• Contract or seasonal work: Enter only the weeks you expect to be paid, then compare the annual result with a salaried offer.

Comparing an hourly job with a salaried one

A salary looks bigger than an hourly rate until you divide it by the hours you will actually work. Exempt salaried employees usually do not earn overtime, so a role that regularly runs 50 hours a week pays less per hour than its headline number suggests. Enter the salary, set hours per week to your realistic schedule, and look at the hourly row. An $80,000 salary at 50 hours a week works out to about $30.77 an hour, not the $38.46 you would get at 40 hours.

Then look beyond pay. Benefits such as health insurance, retirement matching, and paid time off can be worth thousands of dollars a year and often differ between hourly and salaried roles. When you have two real offers to weigh, use the job offer comparison calculator to put those numbers side by side.

Examples

Frequently asked questions