Hourly Rate Calculator
What your time is worth per hour, per day, per week and per year, from any one of them.
Hourly, daily, weekly and annual pay are the same number seen from four directions. Which one you need depends on what you are comparing: an hourly contract, a weekly shift pattern or a salary offer.
Enter whichever figure you already know, the hours you work and the weeks you are paid for, and this calculator fills in the rest.
At a glance
- What you enter
- Hourly rate, Hours worked per week, Paid weeks per year, Hours in a working day
- What you get
- Annual pay, Monthly pay, Weekly pay, Daily rate
- Formula shown
- Yes - every step, right below your results.
- Cost and privacy
- Free, no account needed, and nothing you type is stored.
See worked examples ↓ Read the FAQ ↓ Share this calculator ↓
Results are estimates for general information only - always verify with a professional or official source before acting on them.
How to use the Hourly Rate Calculator
- 1 Enter Hourly rate
- 2 Enter Hours worked per week (hours)
- 3 Enter Paid weeks per year (weeks) - Use 52 for full-time work with paid holiday, fewer if time off is unpaid.
- 4 Enter Hours in a working day (hours)
- 5 Press Calculate. You get Annual pay, Monthly pay, Weekly pay, Daily rate, and every intermediate step stays visible under “How is this calculated?”
- 6 Change one number at a time to see what moves the result - that is usually the most useful thing a calculator can tell you.
Worked examples
Real numbers run through this calculator. Open any example to load it into the form above and change it.
$30 an hour, 40 hours a week, 48 paid weeks
A rate quoted on an hourly basis with four unpaid weeks a year.
You enter
- Hourly rate
- $30.00
- Hours worked per week
- 40 hours
- Paid weeks per year
- 48 weeks
- Hours in a working day
- 8 hours
You get
- Annual pay
- $57,600.00
- Monthly pay
- $4,800.00
- Weekly pay
- $1,200.00
- Daily rate
- $240.00
Paid hours are 1,920 for the year, so the annual figure is $57,600, or $4,800 a month, $1,200 a week and $240 a day. Each unpaid week removes $1,200, and one extra hour every week would add $1,440 over the year. Spread across all 52 calendar weeks the pay works out at $1,107.69 a week rather than $1,200.
$19 an hour, 36 hours a week, 46 paid weeks
A part-time pattern with a shorter working day and six unpaid weeks.
You enter
- Hourly rate
- $19.00
- Hours worked per week
- 36 hours
- Paid weeks per year
- 46 weeks
- Hours in a working day
- 7.50 hours
You get
- Annual pay
- $31,464.00
- Monthly pay
- $2,622.00
- Weekly pay
- $684.00
- Daily rate
- $142.50
Paid hours are 1,656, so the annual figure is $31,464, or $2,622 a month, $684 a week and $142.50 for a 7.5 hour day. One unpaid week costs $684 and one extra hour a week is worth $874 over the year. The same hours averaged across 52 weeks come to $605.08 a week.
Guides that go with it
How Much Should You Charge as a Freelancer?
Most freelancers set their rate by guessing, then wonder why the month never quite adds up. By the end of this guide you will be able to build a defensible hourly rate from your real costs and income…
What Is Your Real Hourly Wage? You May Be Surprised
What Is Your Real Hourly Wage? You May Be Surprised I was standing in the kitchen at 9:40 on a Tuesday night, still in work clothes, reheating rice that had gone slightly dry, when my partner asked ho…
How Much of Your Salary Should Go to Rent?
You can work out a defensible rent ceiling in about fifteen minutes with nothing more than your payslip and a calculator. By the end of this guide you will know your gross and take-home pay, the rent…
Frequently asked questions
Does changing the paid weeks figure change my hourly rate?
No, and that is the point of separating the two. The hourly rate is what you enter, and the paid weeks only decide how many of those hours you are paid for in a year. At $30 an hour over 40 hours a week, 52 paid weeks produce $62,400 and 46 paid weeks produce $55,200, while the hourly rate stays $30 in both cases.
What changes is everything downstream: the annual, monthly, weekly and daily figures all move with the paid weeks, and the pay per week of the year line spreads the annual total across all 52 calendar weeks, which is the figure a monthly budget actually lives on when part of the year is unpaid.
Should I enter the hours I am paid for or the hours I actually work?
Enter the hours you are paid for. The calculator multiplies them by the paid weeks to give paid hours in the year, and divides the annual figure by that number, so unpaid overtime, a working lunch and an extra half hour at the end of the day never appear.
If you want the honest rate for your time, work out the real total hours first and enter those with the same annual figure. Forty-five hours a week at the same salary is a lower rate than forty, and the only way to see that on this page is to feed it the larger number yourself.
What does the cost of one unpaid week figure mean for a contract?
It is the hourly rate multiplied by the weekly hours, so it is the money a week without pay removes from the annual total. On a rate of $30 for 40 hours that is $1,200, and four unpaid weeks in a year is $4,800 that has to be found from somewhere else.
A contract quoting a high hourly rate with a long unpaid break is often worth less than a lower rate with paid holiday. Compare the annual figures rather than the rates, then check whether the total covers the weeks you are not working in the Budget Calculator.
How do I compare an hourly contract with a salary offer?
Turn the salary into an hourly figure using the hours the job actually demands, including the unpaid ones, then compare like with like. A salary of $60,000 over 45 hours a week for 48 weeks is $27.78 an hour, which is less than a $30 contract rate even though the salary sounds larger.
Neither figure includes holiday pay, pension contributions, sick pay or the cost of tools and insurance that a contractor carries. Add those to the contract side, or subtract them from the salary side, before deciding that the higher number is the better one.