Hourly to Salary Converter
Convert an hourly rate into weekly, monthly and yearly pay — or start from a monthly salary and find the equivalent hourly rate. Essential for freelancers comparing gigs with jobs.
Equivalent pay
Two currencies of work: hours and months
Employees think in monthly salaries; freelancers, consultants and international clients think in hourly rates. Converting between the two badly is how freelancers underprice themselves and how job-switchers misjudge offers. The honest conversion has to account for how many hours you actually work — 40 hours a week is the standard assumption, but your number may differ, and it changes everything.
How to use this converter
Pick your direction: start from an hourly rate or from a monthly salary. Enter the amount and your working hours per week, and the tool shows the full ladder — hourly, weekly, monthly, yearly — using 52 weeks a year (yearly ÷ 12 for the monthly figure).
The formulas
monthly = yearly ÷ 12
hourly = monthly × 12 ÷ 52 ÷ hours/week
Worked example
A developer freelancing at PKR 1,500/hour for a full 40-hour week earns 60,000 weekly — PKR 260,000 a month, or 3.12 million a year. Comparing against a job offer of PKR 300,000/month: the job pays more per month, but the freelancer working 30 billable hours instead of 40 earns 195,000 with ten extra hours of life per week. Conversely, an employee on PKR 150,000/month effectively earns 150,000 × 12 ÷ 52 ÷ 40 ≈ PKR 865/hour — a useful anchor when deciding what to charge for weekend freelance work (never less than your day rate).
The freelancer's caveat: billable ≠ working hours
Employees are paid for 40 hours including meetings, slow days and chai breaks. Freelancers only bill hours a client accepts — and spend unbilled time finding clients, invoicing (our invoice generator helps) and doing revisions. A realistic freelance schedule yields 20–30 billable hours from a 40-hour week, so to match a salary, your hourly rate needs to be 1.5–2× the naive conversion, plus margin for taxes — check take-home with the salary tax calculator — and zero paid leave. Our article on setting your freelance hourly rate builds the full pricing formula.
Frequently asked questions
How many working hours are in a month?
About 173 on a 40-hour week (40 × 52 ÷ 12). That's the divisor for converting monthly salary to a true hourly rate — not 160, which assumes exactly four weeks.
Should freelancers charge their salary-equivalent hourly rate?
No — charge 1.5–2× it. Freelancers cover their own leave, sick days, equipment, taxes and unbillable hours (marketing, admin), and typically bill only 20–30 hours of a 40-hour week.
Does the tool account for overtime or bonuses?
No — it converts base pay only. Add expected bonuses to the yearly figure and divide back if you want a bonus-inclusive rate.
What about USD rates for international clients?
The maths is currency-agnostic; enter your dollar rate and read all figures as dollars. For rupee planning, multiply by the current exchange rate — and remember exchange fluctuations before committing to long fixed-rate contracts.
Why does the tool use 52 weeks instead of 48?
52 is the standard employment convention (salaries pay for the whole year, including leave). If you're a freelancer planning around 4 unpaid holiday weeks, use 48 × your weekly figure for a realistic annual estimate.