Money Per Hour Calculator

Your details

Choose the pay period that matches your pay stub or offer letter.
Your gross annual salary before taxes.
USD/yr
Scheduled hours in your contract or offer letter.
hrs
Usually 52. Reduce if you take unpaid leave or have a seasonal job.
wks
Days off that you are paid for. These count toward hours paid but not hours actually worked.
days/yr
Federal or statutory holidays where you receive pay but do not work.
days/yr
Sick days, personal days, or any other paid time off not listed above.
days/yr
Hourly rate
28.85USD/hr

Gross pay divided by total scheduled hours

Effective hourly rate31.25USD/hr
Annual pay60,000USD/yr
Monthly pay5,000USD/mo
Biweekly pay2,307.69USD/2wk
Weekly pay1,153.85USD/wk
Daily pay230.77USD/day
Value of one PTO day230.77USD
Scheduled hours per year2,080hrs
Hours actually worked per year1,920hrs
Nominal hourly rate28.85
Effective hourly rate31.25

Your hourly rate is $28.85.

  • Your effective hourly rate ($31.25) is higher than your nominal rate ($28.85) because paid time off is included in your salary but not in hours actually worked.
  • Your rate falls in the range typical for skilled trades, technicians, and many professional roles.
  • Your 20 paid days off are worth about $230.77 each, or $4615.38 per year in total.
  • At $28.85/hr your gross annual pay is $60,000.

Next stepTo compare job offers fairly, always check the effective rate and total compensation package (benefits, PTO, and retirement matching can add 20-30% on top of base salary).

 = Powered by OnlyCalculators