Salary to hourly calculator: what it is really worth
A $60,000 salary is $28.85 an hour on the standard 2,080-hour math, but you are not paid for hours you never work. Subtract 10 PTO days and each hour you actually work is worth $30.00. That gap is how a $65k offer with 20 PTO days beats a $67k offer with 5.
Reverse converter · PTO-adjusted rate · free, always
$60,000 a year, 10 PTO days =
$28.85 / hour nominal
$30.00 per hour actually worked, net of PTO.
40 hrs/week × 52 weeks · gross, before taxes
Your salary, your PTO
| Salary | Hourly | Monthly | Biweekly |
|---|---|---|---|
| $40,000 | $19.23 | $3,333.33 | $1,538.46 |
| $50,000 | $24.04 | $4,166.67 | $1,923.08 |
| $60,000 | $28.85 | $5,000.00 | $2,307.69 |
| $70,000 | $33.65 | $5,833.33 | $2,692.31 |
| $80,000 | $38.46 | $6,666.67 | $3,076.92 |
| $100,000 | $48.08 | $8,333.33 | $3,846.15 |
| $120,000 | $57.69 | $10,000.00 | $4,615.38 |
Why the PTO-adjusted rate decides offer comparisons
The nominal rate (salary ÷ 2,080) treats you as paid for 40 hours, 52 weeks. The PTO-adjusted rate (salary ÷ hours actually worked) treats you as paid for what you are: someone who works 2,000 hours and is paid for 2,080. When you compare a salaried offer to an hourly or contract offer, the adjusted rate is the honest number, because the contractor's rate has no paid time off baked in.
Run the comparison on the offer that matters: $65,000 with 20 PTO days is $65,000 ÷ (2,080 − 160) = $33.85 per hour actually worked. $67,000 with 5 PTO days is $67,000 ÷ (2,080 − 40) = $32.84. The bigger salary pays less per hour of your life. That is the whole point of this page.
2,080 vs 2,000: when to use each
Use 2,080 (40 × 52) when the number will be compared to other full-time salaries, budgets, or loan applications: it is the standard and everyone means the same thing by it. Use 2,000 hours (or your true hours minus PTO) when the number will be compared to hourly wages, freelance rates, or your own sense of what an hour of your time is worth. The two numbers answer different questions, and mixing them up is how a "raise" turns out to be a pay cut.
Gross pay before taxes and benefits. Figures are illustrative; your employer's PTO policy, holidays, and workweek set your true hours.
Common questions
How do you convert salary to hourly?
Divide the annual salary by your annual working hours: $60,000 ÷ 2,080 hours (40 hrs × 52 weeks) = $28.85/hr. Subtract PTO hours for the rate per hour actually worked.
What is a PTO-adjusted hourly rate?
Your salary divided by the hours you actually work after removing paid time off. A $60,000 salary with 10 PTO days is $30.00 per worked hour vs $28.85 nominal.
Why is the effective rate higher than the nominal rate?
Because you are paid for 2,080 hours but work 2,000. The same salary spread over fewer hours is worth more per hour.
Should I use 2,080 or 2,000 hours?
Use 2,080 when comparing full-time salaries to each other; use hours-minus-PTO when comparing a salary to an hourly or freelance offer.
How does PTO change which job offer is better?
It can flip the answer. $65k with 20 PTO days is $33.85 per worked hour; $67k with 5 PTO days is $32.84. The lower salary pays more per hour of your life.
Next from the ledger
$60,000 a year is how much an hour?: the full breakdown of that salary
Overtime calculator: what time-and-a-half pays you
Freelance rate to match your salary: what salary converts to as a freelance rate