Salary Converter Calculator
Hourly ↔ Daily ↔ Weekly ↔ Monthly ↔ Annual - Real-time bidirectional conversion.
Calculation Assumptions:
• Working 5 days per week, 8 hours per day
• Working 50 weeks per year (vacation deducted)
• Total annual hours: 2000 hours
Per Hour
Per Day (8h)
Per Week (40h)
Per Month
Per Year (2000h)
💼 Full-Time Job
Standard full-time: 40 hours/week, 52 weeks/year (minus 2 weeks paid vacation) = 2,080 hours/year
⏰ Part-Time Job
Part-time example: 20 hours/week, 50 weeks/year = 1,000 hours/year
🌟 Freelance Work
Freelancers bill by project - use hourly rate to calculate annual income goals, or reverse-calculate hourly rate from income target.
💼 Why Need a Salary Converter?
🤝 Negotiating Job Offers
Interviewer says "$400,000 annual salary", you want to know:
- Monthly take-home? (About $33,333/month)
- Hourly rate equivalent? (About $192/hour)
- Compare competitiveness with other offers
- Quickly calculate actual after-tax income
🎯 Setting Goals
To achieve annual income goal, you need to:
- Reverse-calculate hourly rate pricing (freelancers)
- Calculate if overtime/side work is needed
- Compare salary levels across industries
- Plan career development path
💰 Part-time/Freelance Work
Flexible work scenarios:
- Consulting billed hourly ($150-500/hour)
- Part-time teaching paid per session
- Uber/delivery calculating actual hourly rate
- Remote work settled weekly/monthly
📊 Salary Comparison
Compare different work arrangements:
- Full-time vs. part-time cost-effectiveness
- Is overtime hourly rate worth it? (1.5x pay)
- Actual income change after job switch
- Compare salary levels across regions
❓ Frequently Asked Questions
Q: What is the standard work hours in the US?
A: Full-time standard: 40 hours/week, 8 hours/day, 5 days/week. Annual calculation uses 52 weeks minus 2 weeks paid vacation = 50 weeks/year, totaling 2,000 work hours/year. Some companies use 2,080 hours (52 weeks × 40 hours) for annual salary.
Q: What hourly rate is considered high?
A: 2024 US data: • Minimum wage: $7.25-$15/hour (varies by state) • Median: About $28/hour (annual $56,000) • High income: $50/hour+ (annual $100,000+) • Top tier: $100+/hour (consultants, lawyers, doctors)
Q: What's the difference between annual salary and take-home?
A: Annual salary is pre-tax gross income. Take-home deductions: • Federal tax (10-37%) • State tax (0-13%, varies by state) • Social Security tax (6.2%) • Medicare tax (1.45%) • 401k contributions (optional) Generally take-home is about 70-80% of annual salary. Use this calculator for quick pre-tax conversions.
Q: How should freelancers set hourly rates?
A: Reverse calculation formula: 1. Determine annual income target (e.g., $120,000) 2. Deduct freelance costs (taxes, insurance, equipment ~30-40%) → need $170,000 revenue 3. Calculate billable hours (assume 1,500 hours/year, excluding client acquisition, admin time) 4. Hourly rate = $170,000 ÷ 1,500 = $113/hour
💡 Professional Advice
✅ Before Salary Negotiation: Use this tool to convert offers to familiar units, avoid being confused by "packaged" numbers
✅ Compare Offers: Convert all offers to annual salary, then add benefits (health insurance, 401k match, etc.) for comparison
✅ Plan Income: Set annual income goal, reverse-calculate needed hourly or monthly salary, create actionable plan
✅ Side Work Decisions: Calculate actual hourly rate for side work to judge if it's worth the time and effort