🕰️ Monthly Income → Hourly Calculator
Convert monthly pay into an effective hourly rate, plus weekly and daily income insights.
Reduce to 48–50 if you take unpaid leave or seasonal breaks.
Used to calculate daily income; leave blank to assume a five-day workweek.
How to Use This Calculator
Enter Monthly Income
Use your gross monthly pay, including guaranteed bonuses if applicable.
Provide Work Schedule
Enter typical hours per week, weeks per year, and optional workdays per week to tailor the calculation.
Calculate Hourly Value
The tool converts monthly pay into annual, weekly, daily, and hourly equivalents based on your inputs.
Use Insights
Compare hourly value across opportunities, plan freelance rates, or negotiate workload expectations.
Formula
Annual Income = Monthly Income × 12
Hourly Rate = Annual Income ÷ (Hours per Week × Weeks per Year)
Weekly Income = Annual Income ÷ 52
Daily Income = Weekly Income ÷ Workdays per Week
Modify weeks per year for seasonal work. Use average hours to account for fluctuating schedules or overtime.
Full Description
Converting monthly pay to an hourly wage helps employees and contractors evaluate the true value of their time. It’s particularly useful when comparing salaried positions to hourly or freelance opportunities, or when establishing billing rates.
The calculator factors in work schedules so you can see how vacation time or compressed workweeks affect hourly earnings. Pair it with our overtime tools to incorporate premium hours.
Great For
- Salaried employees benchmarking against hourly roles.
- Freelancers setting minimum hourly rates based on income goals.
- Negotiating workload expectations with employers.
- Planning side hustles and understanding opportunity costs.
Frequently Asked Questions
Should I include bonuses?
Include guaranteed bonuses in monthly income. For variable bonuses, run separate scenarios to see ranges.
What if my hours change weekly?
Use an average based on recent months. For highly variable schedules, create best-, base-, and worst-case calculations.
Does this consider taxes?
No. Results are gross. Apply tax calculators or subtract estimated deductions to find net hourly pay.
Can I set workdays to zero?
Leave the field blank to default to five workdays, or enter the actual number of days you work weekly for accurate daily income.