Salary Calculator
Convert salary between hourly, daily, weekly, biweekly, monthly, and annual pay periods.
The Formula
Monthly = Annual / 12
Biweekly = Annual / 26
Weekly = Annual / 52
Annual = $28 × 40 × 52 = $58,240
Monthly = $58,240 / 12 = $4,853
Biweekly = $2,240
How to Convert Between Pay Periods
Job offers come in all shapes — hourly wages, annual salaries, monthly contracts. To compare them fairly, you need to convert everything to the same time period. Our calculator handles every conversion: hourly, daily, weekly, biweekly, semi-monthly, monthly, and annual. Just enter what you know and select the pay period, and we will show you all the equivalents instantly.
Common Salary Conversions at a Glance
A few reference points that are useful to have in your head: $15/hour works out to $31,200 per year. $20/hour is $41,600 annually. $25/hour is $52,000. Going the other direction, a $60,000 annual salary is $28.85/hour (assuming 40-hour weeks), $5,000/month, or $2,307 biweekly. These conversions assume a standard 40-hour work week and 52 weeks per year.
Gross Pay vs. Net Pay: What You Actually Take Home
The salary figures in this calculator are gross — your total earnings before any deductions. What you actually take home (net pay) is lower after federal and state income taxes, Social Security (6.2%), Medicare (1.45%), and any benefits like health insurance or 401(k) contributions. As a rough estimate, most workers take home 65–80% of their gross pay depending on their income level and tax situation. Use a paycheck calculator for a more precise net pay estimate.
Frequently Asked Questions
How do I convert an hourly rate to an annual salary?
Multiply your hourly rate by your weekly hours, then by 52 weeks. At 40 hours per week: hourly rate x 40 x 52. So $22/hour equals $45,760 per year. If you work part-time or have variable hours, adjust the weekly hours accordingly.
What is the difference between biweekly and semi-monthly pay?
Biweekly means you are paid every two weeks — 26 paychecks per year. Semi-monthly means you are paid twice a month on specific dates (like the 1st and 15th) — exactly 24 paychecks per year. Annual salary divided by 26 gives your biweekly gross. Divided by 24 gives your semi-monthly gross. The difference matters when calculating monthly budgets.
What is the difference between gross and net pay?
Gross pay is your total earnings before any deductions. Net pay is what actually hits your bank account after federal income tax, state income tax, Social Security (6.2% up to the wage cap), Medicare (1.45%), and any voluntary deductions like health insurance premiums, 401(k) contributions, or FSA contributions. For most middle-income earners, net pay is typically 70–80% of gross.
What is a livable wage?
It depends heavily on where you live. MIT's Living Wage Calculator estimates that a single adult needs roughly $21–$45/hour to meet basic living expenses without government assistance, depending on the city and state. High cost-of-living areas like San Francisco, New York, and Boston require significantly more. Most financial planners suggest housing costs alone should not exceed 30% of gross income.
How much should I ask for in a salary negotiation?
Research the market rate for your role using sources like the Bureau of Labor Statistics (BLS), Glassdoor, LinkedIn Salary, or Levels.fyi for tech roles. Ask for 10–20% above what you actually want to leave room to negotiate down. Never be the first to name a number if you can avoid it. And remember that total compensation includes benefits, equity, and retirement contributions — not just base salary.