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Enter your annual salary. We have pre-populated the calculator with average work hours, weeks of vacation, and number of public holidays. Feel free to adjust these to your circumstance.
Enter your annual salary.
The average American works 8.8 to 9.4 hours per day. Some factory employees work 12 hours a day.
Paid vacation days range between 10 to 20 days depending on your tenure. This is 2 to 4 weeks.
There are 10 federal holidays a year.
The federal minimum wage is $7.25. State minimum wages range between $4.00 and $13.00.
How to calculate your hourly wage from your annual salary
This calculator calculates the number of hours worked per year and converts your annual salary into an equivalent hourly wage, and vice versa.
For the mathletes out there here is the equation to calculate your hourly wage from your annual salary manually.
These equations can help you crunch the numbers to see how much you are making on an hourly or annual basis.
How a salary to hourly can help
Knowing how much you are making on an hourly basis can help you choose between multiple job offers or decide if you want to start looking for a job that pays more.
AssetBrief.com's calculator takes into account public holidays and vacations days, which vary among companies, and have an impact on how much you are truly making per hour. Deciding between two job offers that have similar salaries but very different vacation and holiday policies? Use our calculator to help you decide which is actually paying you more.
The importance of taking into account public holidays and vacation days
We take our calculator a step further by factoring in your company holidays and vacation days to adjust for the exact number of hours that you work in a year. If two jobs provide you with the same salary, but different number of holidays and vacation days, then the one that offers more days off is actually offering you a high salary.
For example, let's assume ABC Company and 123 Company both offer you a salary of $100,000 per year. You would work 40 hour weeks (8 hours a day for 5 days a week) at both company. Both give you 10 holidays off a year. ABC Company gives you 5 weeks of vacation while 123 Company gives you 3 weeks of vacation.
This means that you would work more hours at 123 Company, which reduces your equivalent hourly wage. While your hourly wage at ABC Company is $55.56 per hour, it is only $53.19 per hour at 123 Company.
This difference is $2.36 an hour. What is the equivalent annual salary of $2.36 an hour? Assuming 40 hour work weeks and working 52 weeks a year, this is $4,917! This is the real difference in the salary being offered by ABC Company and 123 Company once public holidays and vacation days are taken into account.
|ABC Company||123 Company|
|Weekly hours||40 hours||40 hours|
|Public holidays||10 days||10 days|
|Vacation days||5 weeks||3 weeks|
|Total hours worked per year||1,800 hours||1,880 hours|
|Equivalent hourly wage excluding public holidays + vacation days||$55.56 per hour||$53.19 per hour|
Hourly wages by occupation
How do your wages compare against others in your industry? What about against other industries? We use data from the US Bureau of Labor to help you see where your wages stand.
The graph below shows wages in the 25th and 75th percentile. This means that for an industry, the middle 50% of workers make this much. The bottom 25% get paid less and the top 25% get paid more. This metric provides a good approximation of what the general wages in the industry are.
The highest paying industries are management, legal, computer & mathematical, and architecture & engineering.