Whether you are a freelancer or contractor, figuring out your equivalent annual salary is crucial for budgeting. This tool converts your hourly rate to annual, monthly, and bi-weekly salary in seconds.
Annual Salary:
Monthly Pay:
How to Use This Tool
Enter your current or desired hourly rate of pay.
Input the number of hours you typically work each week.
Click Calculate to see your equivalent salary across all time periods.
The Formula
The calculation assumes a standard 52-week working year: Hourly Rate x Hours per Week x 52 = Annual Salary. Monthly is annual divided by 12, bi-weekly by 26.
Why It Matters
You earn $35/hour working 30 hours/week as a freelance designer. Converting to salary shows your equivalent annual income is $54,600. Now you can compare job offers: a $52,000 full-time role vs your current freelance rate, and factor in the value of employer benefits.