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Professional services

Hourly to Salary Calculator

Annual salary equivalent of an hourly rate, with unpaid time and benefits accounted for.

Your numbers

$
$
Health insurance, retirement match, paid leave.

Result

Annual salary equivalent $64,000
Including benefits $64,000
Monthly $5,333
Weekly $1,280.00
Effective hourly including benefits $32.00
$64,000 a year, or $64,000 including benefits, which is an effective $32.00 an hour. The quick estimate of doubling the rate and adding three zeros assumes a full 52 paid weeks.

The common shortcut, doubling the hourly rate and adding three zeros, assumes exactly 2,000 hours a year and no unpaid time. It is close for a standard full-time year and wrong for anyone with unpaid leave or non-standard hours. Benefits are frequently worth 20% to 30% on top of salary and are the main reason hourly and salaried roles are hard to compare directly.

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Questions

About this calculator

Is the double-and-add-zeros rule accurate?

It assumes 2,000 hours, which is 40 hours for 50 weeks. Close enough for a quick comparison, and off by several thousand if you actually work 52 paid weeks or take unpaid leave.

How should I value benefits?

At what they would cost you to buy. Employer health insurance and a retirement match are often worth far more than the salary difference between two offers.

The formula

annual = hourly rate x hours per week x paid weeks

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