Hourly Rate Calculator

Convert your monthly salary into hourly, daily and annual pay.

$
Typical full-time: 40 hours

Results

Hourly rate
$28.85
Daily pay (5-day week)
$230.77
Weekly pay
$1,153.85
Annual salary
$60,000.00

Knowing your hourly rate helps you check overtime pay, quote freelance work and compare job offers fairly. This calculator spreads your monthly salary across 52 weeks a year to produce a realistic hourly figure.

Enter your actual weekly hours — 40 is typical for full-time work in the US and much of Europe — or your part-time schedule.

How to calculate Hourly rate

  1. Enter your monthly gross or net pay (results will be in the same terms).
  2. Enter the hours you work per week.
  3. Read your hourly, daily, weekly and annual pay.

Hourly rate formula

  • Annual = Monthly × 12
  • Weekly = Annual ÷ 52
  • Hourly = Weekly ÷ Hours per week

Hourly rate example

At $5,000 per month and 40 hours a week, annual pay is $60,000, weekly pay is $1,153.85 and the hourly rate is $28.85.

Hourly rate: common questions

How do I calculate overtime pay?

Overtime is commonly paid at 1.5× the regular hourly rate. Multiply your hourly rate by 1.5 for each overtime hour.

Why not assume 4 weeks per month?

A month averages 4.33 weeks. Assuming 4 overstates your hourly rate, so we divide annual pay by 52 weeks.

How should freelancers use this?

Enter your target monthly income and your billable hours per week. The result is your minimum rate before accounting for holidays and downtime.