Salary Calculator
A salary is quoted annually but lived monthly and often compared hourly. Converting between the two uses a standard working year, and the assumptions about hours and weeks are what move the answer.
Hourly rate
$28.85
- Monthly salary
- $5,000.00
- Weekly pay
- $1,153.85
- Daily pay
- $230.77
Values update as you type. This calculator covers the single scenario its formula assumes — see Common Mistakes for what it leaves out.
The formula this calculator uses
Hourly = Annual / (Weeks x Hours per week)
- Annual
- Gross annual salary
- Hours
- Paid hours per week
- Weeks
- Paid weeks per year
- Hourly
- Equivalent hourly rate
How to check the result by hand
- 1
Total the paid hours in the year
Multiply the paid weeks by the contracted hours per week. Forty hours over fifty-two weeks is 2,080 hours.
- 2
Divide the salary by those hours
The result is the equivalent hourly rate before tax.
- 3
Multiply back for a weekly figure
Hourly rate times hours per week gives the gross weekly pay.
- 4
Divide by twelve for a month
The annual salary divided by twelve is the average monthly gross pay.
- 5
Adjust for reality
If the role regularly runs longer than the contracted week, recompute with the true hours to get the effective rate.
For worked examples, common mistakes and the limits of this formula, read the full How To Calculate Salary page.