Guide

How to convert a monthly salary to an hourly rate

If you are paid monthly but want to know your hourly worth — to compare a job, price freelance work, or check a contract — the conversion takes two quick steps.

The formula

First turn the monthly figure into a yearly one by multiplying by 12. Then divide by the number of hours you work in a year. For full-time work that is 40 hours a week across 52 weeks, or 2,080 hours. So: hourly = (monthly × 12) ÷ 2,080.

Worked examples

• $3,000 per month × 12 = $36,000 a year ÷ 2,080 = about $17.31 per hour.
• $5,000 per month × 12 = $60,000 a year ÷ 2,080 = about $28.85 per hour.
• $8,000 per month × 12 = $96,000 a year ÷ 2,080 = about $46.15 per hour.

If you work more or fewer hours, change the yearly hours. Someone working 35 hours a week has 1,820 yearly hours, which raises their effective hourly rate.

Do it instantly

Set the salary to hourly calculator to "Month", enter your pay, and it shows your hourly rate plus weekly, biweekly, and yearly equivalents. To see what actually lands in your account after tax, use the take-home pay calculator.