📅 Monthly Income Calculator
Enter your pay and frequency to see monthly, annual, and hourly income equivalents.
Include expected average overtime for more accurate monthly income.
How to Use This Calculator
Enter Your Pay Amount
This can be your hourly wage, paycheck amount, or annual salary.
Choose Pay Frequency
Select hourly, weekly, biweekly, semi-monthly, monthly, or annual to match how you get paid.
Provide Hours per Week (if hourly)
Include overtime averages to reflect realistic monthly income.
Review Monthly Result
Use the monthly income for budgeting, loan applications, or setting savings goals.
Formula
Annual Income = Pay Amount × Pay Periods per Year (adjusted for frequency)
Monthly Income = Annual Income ÷ 12
Weekly Income = Annual Income ÷ 52
Hourly Income = Weekly Income ÷ Hours per Week
For irregular hours, average a few weeks of work to estimate hours per week, ensuring monthly income reflects your typical schedule.
Full Description
Monthly income is a cornerstone metric for budgeting, loan eligibility, and financial planning. This calculator converts different pay schedules into a consistent monthly figure, helping you understand purchasing power and savings capacity.
With support for hourly, weekly, and salaried inputs, it’s ideal for full-time employees, freelancers, and gig workers juggling multiple income streams.
When to Use It
- Preparing mortgage or rent applications that require monthly income.
- Consolidating multiple jobs or freelance gigs into a single monthly figure.
- Evaluating the monthly impact of salary changes or raises.
- Setting savings goals or debt payoff plans based on reliable monthly cash flow.
Frequently Asked Questions
Does the calculator handle bonuses?
Add guaranteed bonuses to your annual income before dividing by 12. For variable bonuses, track them separately to avoid overestimating.
What if I work multiple jobs?
Run the calculator for each job and sum the monthly income values to get your combined earnings.
Can I switch currencies?
Yes. Enter amounts in your local currency—the output stays in that currency as well.
Does it show take-home pay?
No. Results are gross amounts. Use take-home pay calculators to estimate net income after taxes and deductions.