How the money per hour calculator works
This tool converts income from any pay period into an hourly rate, then breaks that rate down by minute and second. It also shows daily, weekly, monthly, and annual equivalents based on the working hours you enter. All math runs in your browser. Nothing is sent to a server.
Enter your income amount, select whether it is hourly, daily, weekly, biweekly, monthly, or annual, and set your hours per week, days per week, and weeks per year. Results update as you type. To build gross pay from hourly wages, use the gross pay calculator. To estimate monthly take-home after a flat tax rate, try the monthly income calculator. For broader salary conversions, open the salary calculator.
Hourly rate formula
The calculator first converts your input to an annual amount, then divides by total working hours per year:
Per-minute and per-second rates follow from the hourly result:
When you enter an hourly amount directly, the tool multiplies by total hours to find annual income, then recalculates all other periods. Adjust weeks per year to reflect paid time off. A 50-week year is common for employees who receive two weeks of unpaid leave.
Worked example: $50,000 annual, 40 hours, 50 weeks
Consider an employee earning $50,000 per year, working 40 hours per week for 50 weeks:
- Total hours per year: 40 x 50 = 2,000 hours
- Hourly rate: $50,000 / 2,000 = $25.00 per hour
- Per minute: $25.00 / 60 = $0.4167 per minute
- Per second: $25.00 / 3,600 = $0.0069 per second
- Weekly gross: $50,000 / 50 = $1,000.00 per week
- Monthly gross: $50,000 / 12 = $4,166.67 per month
This calculator shows gross income only. It does not subtract taxes or benefits. For estimated net monthly pay, enter your gross amount and a flat tax rate in the monthly income calculator.
When to use hourly, daily, or annual inputs
Salaried employees often know their annual compensation. Hourly workers may prefer entering a weekly or biweekly paycheck amount. Freelancers billing by the day can enter a daily rate and see the equivalent hourly figure for comparison with full-time roles. The gross pay calculator works in the opposite direction, building annual pay from an hourly wage and hours worked.
Frequently asked questions
How is the hourly rate calculated?
Should I use 50 or 52 weeks per year?
Does this calculator include taxes?
Can I convert a biweekly paycheck to an hourly rate?
Are the results stored?
Resources and references
The formulas and methods in this calculator were checked against these independent sources.