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Salary Converter

Choose whether to convert from an hourly rate or a yearly salary, then enter your hours per week and weeks worked per year. The calculator shows the equivalent hourly, daily, weekly, monthly and yearly pay, including the amount per salary payment in countries with 13 or 14 payments. $30 an hour for 40 hours a week and 52 weeks is $62,400 a year.

Your numbers

Use 52 if holidays are paid.

Germany and Spain often pay 13 or 14 salaries a year.

Results

Annual salary

$62,400.00

Each payment (12 a year)

$5,200.00

Per week
$1,200.00
Per working day
$240.00
Show the working
  1. Hours and payments40 × 52 = 2,080 h; $62,400.00 ÷ 12
Paper and orientation

How to use the salary converter

  1. Choose hourly to yearly or yearly to hourly.
  2. Enter your hourly rate or yearly salary.
  3. Enter your hours per week.
  4. Enter the weeks paid per year.
  5. On the German and Spanish versions, choose the number of salary payments.
  6. Read the hourly, daily, weekly, monthly and yearly equivalents.

Formulas

  • Yearly = hourly × hours per week × weeks per year.
  • Hourly = yearly ÷ (hours per week × weeks per year).
  • Weekly = yearly ÷ weeks per year.
  • Monthly = yearly ÷ 12.
  • Per payment = yearly ÷ number of payments.
  • Daily = weekly ÷ 5.

Worked examples

  • $30 an hour, 40 hours, 52 weeks: $62,400 a year, $5,200 a month, $1,200 a week.
  • $62,400 a year, 40 hours, 52 weeks: $30 an hour.
  • €42,000 a year paid in 14 payments: €3,000 per payment, €3,500 per calendar month on average.
  • A$35 an hour, 38 hours, 52 weeks: A$69,160 a year.

Comparing job offers

When comparing an hourly contract with a salaried job, make sure you compare like with like. A salaried job often includes paid leave, employer pension contributions and other benefits. A contractor may be paid only for hours worked and must cover their own leave, equipment and insurance. A common approach is to reduce the contractor’s weeks to account for unpaid leave.

Tips

  • Use your real hours; unpaid overtime lowers your effective hourly rate.
  • Include paid leave when deciding how many weeks to use.
  • Add benefits to the salary side when comparing offers.
  • Check overtime rules, which may pay more per hour.

Gross versus net

All figures are gross, before income tax and payroll contributions. Your take-home pay will be lower. The take-home pay calculator estimates net pay for the US, Australia, Germany, Spain and Russia.

Standard working hours by country

The default hours per week change with the site version, as a starting point: 40 in the US, Germany, Spain and Russia, 38 in Australia, where the National Employment Standards set 38 ordinary hours for full-time employees, and 48 in Mexico. Your contract may say otherwise, so enter the hours you actually work. Part-time workers should enter their usual weekly hours for an accurate yearly figure.

Limitations

The converter assumes a constant hourly rate and a regular schedule. Overtime, shift allowances, bonuses and unpaid leave are not included. If your pay varies from week to week, use an average over several months for a more realistic figure.

Frequently asked questions

How do I convert hourly pay to a yearly salary?

Yearly = hourly rate × hours per week × weeks per year. $30 × 40 × 52 = $62,400.

How do I convert a yearly salary to an hourly rate?

Hourly = yearly ÷ (hours per week × weeks per year). $62,400 ÷ 2,080 = $30.

Should I use 52 weeks?

Use 52 if you are paid for holidays. If you are paid only for weeks worked, such as a contractor, enter the number of weeks you actually work.

What are 13th and 14th salaries?

In some countries, such as Germany and Spain, yearly pay can be split into 13 or 14 payments, with extra payments in summer or winter. The calculator shows the amount per payment.

Is this gross or net pay?

Gross pay before tax. Use the take-home pay calculator to estimate pay after tax.

Sources