Converting Your Salary Between Hourly, Monthly and Yearly
Job offers, freelance rates and payslips don't always use the same units. One employer quotes a yearly package, another an hourly rate, and your rent is monthly. Converting between them makes it much easier to compare offers and plan a budget.
How the conversions work
The calculator first turns your pay into a yearly figure, then divides it into other periods:
- Hourly → yearly: hourly rate × hours per week × 52
- Daily → yearly: daily rate × days per week × 52
- Weekly → yearly: weekly pay × 52
- Monthly → yearly: monthly pay × 12
It assumes 52 paid weeks a year. If you take unpaid leave or work seasonally, your actual yearly income will be lower.
Gross pay vs take-home pay
The amount on your contract is usually gross pay. What reaches your bank account is net or take-home pay, after income tax, social security or pension contributions and other deductions. Enter an estimated total deduction percentage to see an approximate take-home figure. For an accurate tax number, use our income tax calculator with your country's current slabs.
Using this for freelancers
Freelancers and contractors often need to go the other way: from a target yearly income to an hourly rate. Enter your target yearly income, choose "Year", and set realistic billable hours. Remember that freelancers usually can't bill every working hour, and must cover their own leave, equipment and benefits, so the hourly rate needs to be higher than an employee's equivalent.
Comparing two job offers
Convert both offers to the same period, then factor in hours expected, commuting time, bonuses and benefits such as health insurance or retirement contributions. A higher salary with much longer hours can work out lower per hour.