How this calculator works
This tool converts a yearly salary into hourly pay by estimating how many hours you’re paid for (and how many hours you actually work). The core idea is:
Paid hours≈ (weeks per year − unpaid weeks) × hours per weekWorked hours≈ paid hours − (paid days off × hours per day) (optional)Hourly equivalent= total annual pay ÷ paid hoursEffective hourly= total annual pay ÷ worked hours
You can also add a bonus, shift differential, and an optional overtime scenario to see how those change your hourly rates.
Examples
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FAQs
How much is $60,000 a year per hour?
It depends on your schedule. At 40 hours/week and 52 weeks/year, $60,000 is about $28.85/hour. If you work fewer paid hours or have unpaid weeks off, the hourly equivalent changes.
What’s the difference between “hourly equivalent” and “effective hourly”?
Hourly equivalent uses paid hours. Effective hourly uses hours actually worked (optionally subtracting PTO/holidays). Effective hourly is often higher because you’re paid for time off.
Does this include taxes or benefits?
No. This is a gross pay estimate. Taxes, insurance, retirement contributions, and employer benefits vary widely. Use this to compare job offers and schedules.
What if I work 37.5 hours per week?
Then your paid hours go down, so the hourly equivalent typically goes up for the same annual salary. We include a dedicated page for this scenario below.
Can a salaried job have overtime?
Sometimes. Some roles are overtime-eligible and some aren’t. If you check “Assume overtime is paid on top of salary,” the calculator shows a scenario where overtime pay is added.
Related salary tools
Next: Add support pages under this calculator: 37.5-hour workweek, Part-time salary, After-tax estimate, Overtime scenarios.
Disclaimer
This calculator provides estimates only and should not be considered financial, tax, or legal advice. Always verify details with your employer and/or a qualified professional.