Hourly to annual, gross to net.
Hourly to annual, gross to net.
Enter your annual salary or hourly wage and the calculator converts it to every useful time unit: hourly, daily, weekly, biweekly, monthly, and annual. It also estimates take-home pay after federal taxes. Use it when comparing job offers, evaluating a raise, converting between hourly and salaried positions, or understanding what a freelance rate actually works out to per year.
The tax estimate is based on federal rates only. Your actual take-home depends on state taxes, pre-tax deductions (401k, health insurance), FICA taxes (7.65%), and other withholding. Use it as a planning estimate, not a precise paycheck prediction.
Two job offers at the same base salary can have very different real values. A $75,000 offer with full health insurance, 4% 401(k) match, and 20 PTO days is worth significantly more than $75,000 with no benefits. When evaluating compensation, add the full benefits value:
The standard formula for full-time work (40 hrs/week, 52 weeks/year): hourly rate ร 2,080 = annual salary. A $25/hour job pays $52,000/year. But freelancers and contractors need to account for self-employment tax (15.3%), no paid time off, and no benefits โ a contractor hourly rate should be 25โ40% higher than an equivalent salaried position to break even after accounting for these costs.
Average annual salary growth in the US is 3โ5% for workers who stay in the same role. Switching jobs typically yields 10โ20% increases, which is why studies consistently show job-changers earn more over a career than those who stay put. Using this calculator to see the compounded effect of a 4% annual raise versus a 10% raise every few years can be eye-opening.
The US median household income is approximately $75,000 as of 2025. Individual income varies widely by location โ $70,000 is comfortable in Tulsa, Oklahoma but tight in San Francisco. Cost of living-adjusted income is a more useful comparison than raw numbers across different cities.
Biweekly = every 2 weeks, resulting in 26 paychecks/year (2 months have 3 paychecks). Semi-monthly = twice per month, always 24 paychecks/year. Biweekly pay results in slightly larger individual checks; semi-monthly is more predictable for budgeting since it aligns with calendar months.
The 50/30/20 rule suggests 20% for savings and debt repayment. For retirement specifically, aim for 10โ15% of gross income including employer match. If you're starting late, 20%+ is needed to catch up. Even starting at 5โ8% and increasing by 1% annually builds strong long-term habits.