Salary to Hourly Converter
Convert an annual salary into its equivalent hourly rate.
What's Your Time Really Worth?
An annual salary can be misleading. Converting it to an hourly rate is a powerful exercise that reveals the true value of your time. This simple conversion is essential for comparing a full-time salaried job to a freelance contract, evaluating whether overtime is worth it, or simply making more informed decisions about your career and finances.
Frequently Asked Questions (FAQ)
Q: Is this my "real" hourly wage?
A: This calculator shows your gross hourly wage before taxes. More importantly, it doesn't account for the value of benefits like health insurance, retirement contributions, or paid time off. A salaried job's benefits often add 20-30% to its total compensation value, which is a crucial factor when comparing to a freelance rate.
Q: What's the standard formula for converting salary to hourly?
A: A common shortcut is to divide the salary by 2,080 (40 hours/week × 52 weeks/year). This calculator provides a more accurate conversion by letting you specify the exact hours per week and weeks per year you actually work, which accounts for vacation and holidays.