Salary to Hourly Calculator
Turn pay for any period into an hourly, daily, weekly, monthly and yearly figure, with holidays, overtime, a raise and a second offer to compare.
52 is usual. A year is really 52.14 weeks.
1.5 = time and a half, 2 = double time.
Uses the same days a week, weeks and public holidays as your job.
Your pay for every period
How your hourly pay is worked out
Hourly pay = pay for a year ÷ paid hours in a year.
- 1
Paid hours a year
40 h × 52 weeks= 2,080 h
- 2
Pay for a year
$50,000 a year= $50,000
- 3
Pay per hour
$50,000 ÷ 2,080 h= $24.04
- 4
Other pay periods
$50,000 ÷ 12= $4,166.67 a month$50,000 ÷ 52= $961.54 a week
Read more: the formula, a worked example, days off, overtime and pay periods
To turn a salary into an hourly rate, work out how many hours you are paid for in a year, then share the year's pay across them. Going the other way, an hourly rate times those hours gives the yearly pay. Every other period (daily, weekly, monthly) comes from the yearly figure.
The formula
paid hours a year = hours a week × weeks a year
hourly pay = yearly pay ÷ paid hours a year
yearly pay = hourly pay × paid hours a year
monthly = yearly ÷ 12 · weekly = yearly ÷ weeks · daily = yearly ÷ (days a week × weeks)
pay per hour you work = yearly pay ÷ (hours a year − hours on days off)
Worked example
A salary of 50,000 a year for 40 hours a week, 5 days a week and 52 weeks gives 40 × 52 = 2,080 paid hours. 50,000 ÷ 2,080 = 24.04 an hour. That is 50,000 ÷ 12 = 4,166.67 a month, 50,000 ÷ 52 = 961.54 a week and 50,000 ÷ 260 = 192.31 a day.
With 10 public holidays and 15 days of paid leave you work 260 − 25 = 235 days, or 235 × 8 = 1,880 hours. Your pay doesn't change, so each hour you actually work earns 50,000 ÷ 1,880 = 26.60.
Paid or unpaid days off
Salaried staff are usually paid on holidays, so days off raise the value of each hour worked. Many hourly, daily and contract workers are only paid for the days they work. At 25 an hour, 25 unpaid days off cost 25 × 8 × 25 = 5,000, so 52,000 on paper becomes 47,000. Pick the option that matches your contract.
Overtime
Overtime pay = overtime hours × normal hourly rate × the multiplier. On 50,000 a year, the normal rate is 24.04, so time and a half is 24.04 × 1.5 = 36.06 an hour (36.0577 before rounding). Five overtime hours a week for 52 weeks is 260 hours, and 260 × 36.0577 = 9,375 a year. Overtime is only counted in weeks you work, not in weeks of leave.
Pay periods
| Period | Payments a year |
|---|---|
| Weekly | 52 |
| Fortnightly (every 2 weeks, "bi-weekly") | 26 |
| Every 4 weeks | 13 |
| Twice a month ("semi-monthly") | 24 |
| Monthly | 12 |
| Quarterly | 4 |
Fortnightly and twice-a-month pay are easy to mix up: fortnightly gives 26 payments, twice a month gives 24, so each fortnightly payment is a little smaller.
All figures are before tax and other deductions. Use the income tax calculators for take-home pay. A year with 53 paydays (it happens every few years for weekly and fortnightly pay) is not included unless you set 53 weeks.