Updated · Built and checked by the PlinzoTools team, formulas tested against published sources
Convert pay between hourly, weekly, biweekly, semimonthly, monthly, and annual amounts.
Job offers, pay stubs, and salary negotiations describe pay in all kinds of different units -- an hourly rate, a monthly salary, an annual figure -- and comparing them directly requires converting everything to a common basis first. This calculator uses annual pay as that common pivot point, converting your entered amount into every other common pay period at once. It also covers the identical "Hourly Wage Calculator" search intent, since that's simply this same conversion entered from the hourly side.
Enter your pay amount, select which unit it's in, and specify your actual hours worked per week and weeks worked per year (52 for a full year, less if you take unpaid time off).
Annual (from hourly) = Hourly Rate × Hours/Week × Weeks/Year
Annual (from weekly) = Weekly × Weeks/Year
Annual (from biweekly) = Biweekly × 26
Annual (from semimonthly) = Semimonthly × 24
Annual (from monthly) = Monthly × 12
All other units are then derived by dividing annual pay by that unit's periods per year.
Use this to compare a new job offer's hourly rate against your current annual salary, or to understand what a quoted monthly rate really means annually. Once you know your annual figure, the Paycheck Calculator estimates your actual net take-home pay.
A quoted salary and an hourly rate are only comparable after you decide how many hours each one really covers. A salaried job at a fixed annual figure may involve unpaid extra hours, while an hourly job may pay only for the hours worked. To compare fairly, enter the hours you truly expect to work each week, then look at the hourly equivalent of the salary. A job paying a higher annual figure but requiring many more hours can have a lower effective hourly rate.
Hypothetical example: Offer A pays $62,000 a year for an expected 45 hours a week over 52 weeks. Hours per year are 45 x 52 = 2,340, so the effective rate is about $26.50 per hour. Offer B pays $28 per hour for 40 hours a week and 50 paid weeks, which is $56,000 a year, at $28 per hour. Offer A has the larger annual figure but a lower hourly rate.
If your hours change from week to week, use an average from several recent pay stubs instead of the hours you hope for. For seasonal or part-year work, set the weeks per year to the number of weeks you are actually paid, and keep in mind that the annual result is then only the earnings for that period. Also note that the tool multiplies straight time and does not model overtime at a higher rate, so if you regularly work overtime, add it separately.
When negotiating, convert a target raise into the pay period you actually receive. A small hourly increase may look minor, but multiplied by 2,080 hours in a standard full-time year it becomes a much larger annual figure. Conversely, when budgeting, base your plans on net rather than gross amounts, and account for benefit costs that come out of each paycheck.
Two jobs with the same gross pay can differ a lot in value once you count health insurance costs, retirement matching, paid time off, and bonuses. This calculator handles cash pay only, so add those items separately when comparing offers, and ask an employer for the full benefits summary in writing.
Biweekly means every two weeks (26 paychecks/year), while semimonthly means twice a month on fixed dates like the 1st and 15th (24 paychecks/year) -- the two are commonly confused but produce different per-paycheck amounts for the same annual salary.
Reduce the "weeks per year" input below 52 to reflect only the weeks you're actually paid for, if converting from an hourly rate to an annual figure.
Yes -- converting hourly pay to annual (or vice versa) is exactly this same calculation, just entered from a different starting unit.
A common full-time assumption is 40 hours a week for 52 weeks, which is 2,080 hours. Your actual paid hours may differ.
If you are not paid for some weeks, set weeks per year to reflect that. Most salaried employees are paid all 52 weeks, including paid time off.
No. It uses straight-time pay only. Add overtime or bonuses separately.
All amounts are gross, before any tax or deductions.
Reference: Internal Revenue Service