Salary to Hourly Convertor

The Value of Your Time

Knowing your hourly rate is essential for evaluating: * Job Offers: Is that salary bump worth the extra 10 hours a week? * Freelance Work: Are you charging enough to cover your own benefits and taxes? * Opportunity Cost: Is it worth DIY-ing time-consuming tasks or paying someone else?

⏱️ Quick Math (The 2000 Rule)

For a rough estimate of full-time work (40hrs/week): * Hourly Rate x 2000 = Annual Salary * Annual Salary / 2000 = Hourly Rate * *Example*: $50,000 / 2000 = $25/hour.

Hidden Factors

This calculator gives the gross conversion. Remember to consider: 1. Unpaid Overtime: If you are salaried but work 50 hours, your effective hourly rate drops by 20%. 2. Paid Time Off (PTO): A salary includes 2-4 weeks of paid vacation; a freelance hourly rate does not. 3. Benefits: Health insurance and 401k match can add 30% to the real value of a salary.

Frequently Asked Questions

Q: How many work hours are in a year? A: Standard full-time is 2,080 hours (40 hours x 52 weeks). However, the "2000 Rule" assumes 2 weeks of vacation, making math easier.

Q: Should I switch to contracting? A:** Contractors usually need to charge **1.5x to 2x the equivalent salaried hourly rate to cover self-employment tax, health insurance, and unpaid downtime.