How pay is converted between periods
You enter one pay amount and choose which period it covers: per hour, day, week, month or year. The tool converts it to an annual figure first, then divides by your schedule to fill in every other row. Your schedule is three inputs, hours per week (default 40), days per week (default 5) and paid weeks per year (default 52).
- From hourly:
annual = rate × hours per week × weeks per year - From daily:
annual = rate × days per week × weeks per year - From weekly:
annual = rate × weeks per year - From monthly:
annual = rate × 12 - Outputs: hourly = annual ÷ (hours × weeks), daily = annual ÷ (days × weeks), weekly = annual ÷ weeks, monthly = annual ÷ 12.
Worked examples
The default 30 an hour at 40 hours and 52 weeks is 62,400 a year, 5,200 a month, 1,200 a week and 240 a day. In the other direction, a salary of 60,000 on the same schedule is 60,000 ÷ 2,080 = 28.85 an hour, 230.77 a day and about 1,154 a week.
| Annual 60,000 | Hourly |
|---|---|
| 40 h, 52 weeks (2,080 hours) | 28.85 |
| 40 h, 50 weeks (2,000 hours) | 30.00 |
| 40 h, 48 weeks (1,920 hours) | 31.25 |
| 35 h, 52 weeks (1,820 hours) | 32.97 |
The same salary is worth more per hour once you remove unpaid weeks or shorten the week, which is why the schedule inputs matter more than the pay figure itself.
Choices that change the answer
- Paid leave. Using 52 weeks assumes you are paid for holidays and vacation. If you are not, lower the weeks to what you actually work, such as 50 for two weeks unpaid.
- Overtime. Premium rates are not modelled. A flat 40-hour week is assumed unless you change the hours field, and extra hours simply dilute the hourly rate.
- Monthly versus four weeks. A month is one-twelfth of a year, about 4.33 weeks, not 4. Multiplying a weekly wage by 4 understates monthly pay by roughly 8%.
- Gross figures. Every row is before tax and deductions. The take-home pay calculator estimates net pay, and the guide on gross versus net pay explains the gap.
- Input limits. Hours are capped at 168, days at 7 and weeks at 53. A value of 0 or less, or above those caps, shows a message and leaves the results blank instead of being quietly replaced.
To check what a raise is worth, enter both rates and compare them with the percentage calculator. For housing affordability on a given income, try the mortgage calculator.