Salary to Hourly Calculator

Divide your annual salary by the number of working hours per year. For a standard full-time schedule, that is 2,080 hours (40 hours/week x 52 weeks). A $60,000 salary equals approximately $28.85/hour. Adjust for paid time off to calculate your effective hourly rate.

Your nominal hourly rate divides salary by total scheduled hours (2,080). Your effective hourly rate accounts for paid time off — you earn the same salary but work fewer hours. With 3 weeks PTO, your effective rate on a $60,000 salary is $30.61/hour instead of $28.85.

PTO increases your effective hourly rate because you earn the same salary for fewer working hours. Each week of PTO increases your effective rate by roughly 2%. With 4 weeks PTO, your effective hourly rate is about 8.3% higher than the nominal rate based on 52 working weeks.

Salaried positions offer income stability, benefits, and PTO but often require unpaid overtime. Hourly positions guarantee pay for every hour worked including overtime (1.5x rate) but may have income variability. Calculate your effective hourly rate to compare offers fairly.

Add 25-40% to the salaried hourly rate to account for benefits the employer provides (health insurance, retirement match, PTO, payroll taxes). A $30/hour salary equivalent is roughly $37-$42/hour as a freelancer. Use our freelance rate calculator for a more detailed comparison.