Salary Converter
Convert hourly wage to annual salary instantly. Calculate daily, weekly, bi-weekly, and monthly income with precision.
Free Online Salary Converter
Welcome to the ultimate Salary Converter by Finmato. Whether you are negotiating a new job offer, planning your annual budget, or just curious about your hourly rate, our tool provides instant, accurate conversions across all payment frequencies.
What is a Salary Converter?
A Salary Converter (also known as a paycheck calculator or wage converter) is a financial utility that translates income from one time period to another. It answers common questions like:
- "If I make $25 an hour, how much is that per year?"
- "What is a $60,000 salary as an hourly rate?"
- "How much do I earn per week?"
Finmato's tool goes beyond simple multiplication. It allows you to customize your work hours per week, ensuring the results reflect your actual schedule—whether you work part-time, standard full-time (40 hours), or overtime.
How the Salary Converter Works
Our calculator uses a standardized financial model to convert your income. By default, it uses the standard flexible work year:
- Hourly: Your base input or converted rate.
- Daily: Calculated based on an average 5-day work week (Hours per week / 5).
- Weekly: Hourly Rate × Hours per Week.
- Bi-Weekly: Weekly Rate × 2 (Standard US pay period).
- Monthly: Weekly Rate × 52 weeks ÷ 12 months.
- Annually: Weekly Rate × 52 weeks.
Job Offer Comparison
Recruiters often present offers in different terms. One company might offer $65,000/year, while another offers $32/hour. Use this tool to normalize both offers to the same frequency.
Freelancing
Freelancers often bill hourly but need to estimate their annual income. If your goal is to earn $100,000/year, you can use the tool to work backward and find your required hourly rate (~$48/hr).
Budget Planning
Most bills (rent, utilities) are monthly, but you might get paid bi-weekly. Knowing your exact Monthly income helps you create a more accurate household budget.
Frequently Asked Questions
How many work hours are in a year?
A standard full-time work year is typically considered 2,080 hours. This is calculated as 40 hours per week multiplied by 52 weeks.
Does this calculator account for taxes?
No. This tool calculates your Gross Income (before taxes). To estimate your take-home pay after federal and state taxes, please use our Paycheck Calculator or Tax Withholding Estimator.
How do I calculate my bi-weekly pay?
If you know your annual salary, divide it by 26 (the number of bi-weekly pay periods in a year). For example, a $52,000 salary results in $2,000 per bi-weekly paycheck (gross).
Can I calculate for a part-time job?
Yes! Simply change the "Hours per Week" input from 40 to your actual hours (e.g., 20). The annual and monthly figures will update to reflect your part-time schedule.
Accuracy Disclaimer
The values provided are estimates based on your inputs. Results represent Gross Pay (before taxes). Pay periods may vary by employer.
Data Privacy
At Finmato, we prioritize your privacy. We do not store, record, or transmit your financial data. All input values and calculations are processed locally on your device.