Hourly Wage Calculator
Free hourly wage calculator. Convert hourly pay to weekly, monthly, and annual income with overtime, tax estimates, and rate comparison tables.
Rate of Pay Calculator
Free rate of pay calculator. Convert hourly, weekly, biweekly, semi-monthly, and annual pay rates with overtime, benefits, and hours analysis.
1.5 = time-and-a-half, 2 = double time
Health, 401k match, etc.
Annual Gross⧉
$54,340.00
2,340 total hours
Per Pay Period⧉
$2,090.00
biweekly
Weekly⧉
$1,045.00
40 hrs/wk regular
Daily⧉
$209.00
Based on 5-day week
Effective Hourly⧉
$23.22
Including OT hours
Total Compensation⧉
$59,340.00
Gross + $5,000.00 benefits
Gross Pay Composition
Regular $45,760.00
OT $8,580.00
Benefits $5,000.00
Hourly Rate Comparison
| Hourly Rate | Weekly | Biweekly | Monthly | Annual |
|---|---|---|---|---|
| $10.00 | $400.00 | $800.00 | $1,733.33 | $20,800.00 |
| $15.00 | $600.00 | $1,200.00 | $2,600.00 | $31,200.00 |
| $20.00 | $800.00 | $1,600.00 | $3,466.67 | $41,600.00 |
| $25.00 | $1,000.00 | $2,000.00 | $4,333.33 | $52,000.00 |
| $30.00 | $1,200.00 | $2,400.00 | $5,200.00 | $62,400.00 |
| $40.00 | $1,600.00 | $3,200.00 | $6,933.33 | $83,200.00 |
| $50.00 | $2,000.00 | $4,000.00 | $8,666.67 | $104,000.00 |
| $75.00 | $3,000.00 | $6,000.00 | $13,000.00 | $156,000.00 |
Hours per Week Impact (at $22.00/hr)
| Hours/Week | Weekly | Monthly | Annual |
|---|---|---|---|
| 20 | $440.00 | $1,906.67 | $22,880.00 |
| 25 | $550.00 | $2,383.33 | $28,600.00 |
| 30 | $660.00 | $2,860.00 | $34,320.00 |
| 35 | $770.00 | $3,336.67 | $40,040.00 |
| 40 | $880.00 | $3,813.33 | $45,760.00 |
| 45 (incl. OT) | $1,155.00 | $5,005.00 | $60,060.00 |
| 50 (incl. OT) | $1,430.00 | $6,196.67 | $74,360.00 |
Planning notes, formulas, and examples
About the Rate of Pay Calculator
The Rate of Pay Calculator converts your pay rate into every common time period — hourly, daily, weekly, biweekly, semi-monthly, monthly, and annual. Enter your hourly rate, work hours, overtime, and benefits to see a complete picture of your compensation across all pay frequencies.
Understanding your true rate of pay requires more than knowing a single number. Overtime hours at 1.5× or 2× rates change your effective hourly rate, benefits add to total compensation, and different pay frequencies affect cash flow timing. It gives the full breakdown so you can compare job offers, verify payroll, and plan finances accurately.
Use the rate comparison table to see how different hourly rates scale to annual salaries, and the hours impact table to understand exactly how additional hours (including overtime) affect your total earnings. The compensation bar provides an at-a-glance view of how your pay breaks down between regular, overtime, and benefits.
When This Page Helps
Comparing pay rates across different frequencies and accounting for overtime and benefits can be confusing. This calculator standardizes everything into one view, making it easy to evaluate job offers, verify your paycheck, and translate hourly pay into a true annual figure.
How to Use the Inputs
- Enter your hourly rate.
- Set your regular hours per week.
- Enter weeks worked per year (52 for full year).
- Select your pay frequency.
- Add weekly overtime hours if applicable.
- Set the overtime multiplier (1.5× or 2×).
- Include annual benefits value for total compensation.
Formula used
Annual Gross = (Hourly Rate × Hours/Week × Weeks/Year) + (Hourly Rate × OT Multiplier × OT Hours × Weeks/Year)
Per Period = Annual Gross ÷ Pay Periods
Effective Hourly = Annual Gross ÷ Total Hours
Total Compensation = Annual Gross + Benefits ValueExample Calculation
Result: Annual gross: $54,340
Regular: $22 × 40 × 52 = $45,760. OT: $22 × 1.5 × 5 × 52 = $8,580. Total: $54,340. Biweekly: $2,090. Effective hourly: $23.22.
Tips & Best Practices
- When comparing jobs, convert everything to annual total compensation including benefits.
- Remember that 52 weeks per year minus PTO and holidays gives your actual worked weeks.
- A $1/hour raise equals approximately $2,080/year for full-time work.
- Benefits can add 25-40% on top of base salary for total compensation.
- Working 5 hours of OT weekly at 1.5× on a $20/hr job adds $7,800 to annual pay.
Understanding Pay Rate Conversions
Converting between pay frequencies requires knowing the exact number of pay periods: weekly (52), biweekly (26), semi-monthly (24), and monthly (12). A common mistake is assuming biweekly and semi-monthly are the same — biweekly gives 2 extra paychecks per year, which adds up to 8.3% more annual income if you manage the same gross per check.
The True Value of Benefits
Employee benefits often represent 25-40% of total compensation but are frequently overlooked when comparing offers. Employer health insurance premiums ($5,000-$20,000/year), 401(k) matching (2-6% of salary), and PTO value should all be factored into rate-of-pay comparisons. A $50,000 salary with $15,000 in benefits outpaces a $55,000 salary with $5,000 in benefits.
Overtime Economics
At 1.5× overtime, each OT hour is worth 50% more than regular time. For a $22/hour worker doing 5 hours of weekly OT, that's $165/week or $8,580/year in overtime pay alone — boosting the effective hourly rate from $22 to $23.22 when averaged across all hours worked.
Sources & Methodology
Last updated:
Methodology
This worksheet converts between pay amounts, hours, and periods to estimate a pay rate. It is a rate-conversion aid rather than a payroll authority.
The calculation assumes the same pay rate applies across the selected hours or period.
Sources
- Wage and Hour Division overtime guidance (U.S. Department of Labor) — Hours and pay-rate context.
- BLS wage measures (U.S. Bureau of Labor Statistics) — Pay-rate context.
- Fair Labor Standards Act overview (U.S. Department of Labor) — Wage-and-hour framework.
Frequently Asked Questions
The effective hourly rate divides your total gross pay by total hours worked, including overtime. Since OT pays more per hour, your effective rate is higher than your base rate when you work overtime.
Convert all offers to annual figures. A $25/hr job at 40 hours = $52,000/year. A $4,200/month salary = $50,400/year. Always factor in benefits, which can be worth $5,000-$20,000+ annually.
Total compensation includes base salary plus employer-paid benefits: health insurance premiums, retirement matching, life insurance, PTO value, education benefits, and any other employer contributions. That broader view is what makes two similar salaries materially different.
This calculator shows gross pay rates. Taxes vary by location, filing status, and deductions. Use our net income calculator for after-tax figures.
A standard full-time year is 2,080 hours (40 hours × 52 weeks). Accounting for holidays (10 days) and PTO (10 days), effective hours are about 1,920.
Under the FLSA, non-exempt employees must receive at least 1.5× their regular rate for hours exceeding 40 per workweek. Some states have daily overtime rules (e.g., California after 8 hours/day).
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